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The safety instrumented systems market is forecasted to grow by USD 1.12 billion during 2023-2028, accelerating at a CAGR of 5.8% during the forecast period. The report on the safety instrumented systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surge in usage in oil and gas, chemical, and other industries, government safety regulations for industries, and rising global automotive manufacturing.
The safety instrumented systems market is segmented as below:
By Application
- Emergency shutdown systems
- Fire and gas monitoring and control
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the safety instrumented systems market covers the following areas:
- Safety Instrumented Systems Market sizing
- Safety Instrumented Systems Market forecast
- Safety Instrumented Systems Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global safety instrumented systems market: ABB, Emerson Electric Co., General Electric Co., HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Indian Devices & Engineering Corp., INTECH Process Automation Inc., Johnson Controls International Plc., Mitsubishi Electric Corp., OMRON Corp., Pilz GmbH and Co. KG, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, SGS SA, Siemens AG, SIS-TECH Solutions, and Yokogawa Electric Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise in adoption of automation systems."
According to the report, one of the major drivers for this market is the surge in usage in oil and gas, chemical, and other industries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB
- Emerson Electric Co.
- General Electric Co.
- HIMA Paul Hildebrandt GmbH
- Honeywell International Inc.
- Indian Devices & Engineering Corp.
- INTECH Process Automation Inc.
- Johnson Controls International Plc.
- Mitsubishi Electric Corp.
- OMRON Corp.
- Pilz GmbH and Co. KG
- Rockwell Automation Inc.
- Schlumberger Ltd.
- Schneider Electric SE
- SGS SA
- Siemens AG
- SIS-TECH Solutions
- Yokogawa Electric Corp.
