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Competitive Trends in Safety Systems Market
Frost & Sullivan, Feb 2011, Pages: 66
This Frost & Sullivan research service titled Competitive Trends in Safety Systems Market provides a strategic analysis on process and discrete safety systems market. The study also uses the competitive advantage and market positioning (CAMP) tool to evaluate potential mergers and acquisitions within these safety markets. In this research, Frost & Sullivan's expert analysts leverage the CAMP tool to map out the competitive landscape of the safety markets and deliver actionable intelligence.
This research deals with strategic analysis on process and discrete safety systems market. At a time, when both the markets went through a downturn this research analyzes the key market dynamics and future landscape of market opportunities. The research also uses the competitive advantage and market positioning (CAMP) tool to evaluate potential mergers and acquisitions within these safety markets. The CAMP tool uses several metrics for organizations in the market space and plots it within a matrix. Subsequent strategic analysis of mergers and acquisition opportunities are analyzed and the position of the acquiring company post the acquisition is also show cased.
Market Overview
Industry Regulations and Operational Benefits Propel Safety Systems across Process and Discrete Industries
Increasing awareness of safety systems and the need to improve operational excellence in work places is encouraging both the process and discrete industries to invest in them. The occurrence of many untoward incidents and the realization that process metrics and operations can potentially be improved is fostering long-term growth for the market. Open standards and technology enhancements, such as having a unified platform for process control and safety system, allows end-users to experience unprecedented agility and flexibility without process downtime. The adoption of an open standards approach and a holistic solution provider ensures efficient migration strategy, thus enabling minimized downtime for end users.
The safety systems market is highly concentrated on the process side, while fragmented on the discrete markets. “This market trend is compelling solution providers to look at mergers or acquisitions to consolidate the market or make a new entry into such potential markets,” says the analyst of this research service. “Large solution providers provide safety systems to both the process and discrete end-users through acquisition of smaller solution providers.” With the market adoption increasing, solution providers must be judicious in striking alliances or acquiring companies that can have a symbiotic relationship between them. There is increased dynamics and competition in platform-based unified solutions that combine the effectiveness of safety system and basic process control systems.
The varying levels of awareness about the safety systems across geographic regions require solution providers to look at innovative ways of penetrating the market. Leveraging localized presence of system integrators is one of the strategies adopted by solution providers for better penetration. “While green field projects are on the rise in emerging economies, developed economies strive on retrofits,” says the analyst. “Hence, solution providers need to adopt innovative and meticulous go-to market strategies.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Process Industries:
- Chemicals
- Oil & gas
- Pharmaceuticals
- Power generation
- Others (Metals & mining, water & waste water, pulp & paper)
By Discrete Industries:
- Automotive
- Food & beverages
- Packaging and material handling
- OEM (machine builders)
- Hi-tech (electronic & semi-conductors)
- Press protection
- Medical devices
- Others (mill products, A&D, CPG, miscellaneous manufacturing)
Technologies
The following technology is covered in this research:
- Safety instrumented systems
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