Global Process Safety Systems Market 2017-2021

  • ID: 4115468
  • Report
  • Region: Global
  • 72 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Emerson Electric
  • General Electric
  • Honeywell International
  • OMRON
  • Siemens
  • MORE
About Process Safety Systems Market

The process safety systems market covers emergency shutdown systems (ESS), fire and gas systems (F&G), high-integrity pressure protection systems (HIPPS) and burner management systems (BMS). All these process safety systems aid in enhancing system safety and thereby increase the overall plant process line. The process safety systems focus on reducing the risks of fires, discharge of toxic gases, and local fires.

The analysts forecast the global process safety systems market to grow at a CAGR of 4.58% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global process safety systems market for 2017-2021. To calculate the market size, the report considers the sales and services market.

The market is divided into the following segments based on geography:
- APAC
- EMEA
- Americas

The report, Global Process Safety Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
- ABB
- Honeywell International
- Rockwell Automation
- Siemens
- Yokogawa Electric

Other prominent vendors
- Emerson Electric
- Esoteric Automation
- General Electric
- HIMA Paul Hildebrandt
- Johnson Controls
- OMRON
- Schneider Electric

Market drivers
- Increase in process automation among end-users
- For a full, detailed list, view the full report

Market challenges
- Shortage of skilled labor to maintain and operate automation systems
- For a full, detailed list, view the full report

Market trends
- Development of customized safety systems
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Emerson Electric
  • General Electric
  • Honeywell International
  • OMRON
  • Siemens
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by product

Global process safety systems market

Global process safety systems market by ESS

Global process safety systems market by F&G

Global process safety systems market by BMS

Global process safety systems market by HIPPS

PART 07: Market segmentation by end-user

Market overview

Global process safety systems market in oil and gas industry

Global process safety systems market in chemical and petrochemical industry

Global process safety systems market in power industry

Global process safety systems market in other industries

PART 08: Geographical segmentation

Global process safety systems market by geography

Process safety systems market in APAC

Process safety systems market in EMEA

Process safety systems market in Americas

PART 09: Market drivers

Increase in process automation among end-users

Sustainable risk reduction in hazardous operations

Improving safety standards and related developments

PART 10: Impact of drivers

PART 11: Market challenges

Shortage of skilled labor to maintain and operate automation systems

Maturity of market in Europe and Americas

Risks and threats that impact oil and gas industry

PART 12: Impact of drivers and challenges

PART 13: Market trends

Development of customized safety systems

Emergence of robotic process automation (RPA) in hazardous operations

Adoption of newer safety control systems in retrofit applications

PART 14: Vendor landscape

Competitive scenario

Other prominent vendors

Competition analysis

ABB

Segments

ABB in global process safety systems market

Honeywell International

Segments

Honeywell International in global process safety systems market

Rockwell Automation

Segments

Rockwell Automation in global process safety systems market

Siemens

Segments

Siemens in global process safety systems market

Yokogawa Electric

Segments

Yokogawa Electric in global process safety systems market

PART 15: Appendix

List of abbreviations

PART 16: About the Author

List of Exhibits
Exhibit 01: Global process safety systems market landscape
Exhibit 02: Global process safety systems market in 2016-2021 ($ millions)
Exhibit 03: Five forces analysis
Exhibit 04: Market segmentation: Based on products
Exhibit 05: Global process safety systems market by products 2016 and 2021 (%)
Exhibit 06: Global process safety systems market by ESS 2016-2021 ($ millions)
Exhibit 07: Global process safety systems market by F&G systems 2016-2021 ($ millions)
Exhibit 08: Global process safety systems market by BMS 2016-2021 ($ millions)
Exhibit 09: Global process safety systems market by HIPPS 2016-2021 ($ millions)
Exhibit 10: Market segmentation by end-user
Exhibit 11: Global process safety systems market by end-user 2016 and 2021 (%)
Exhibit 12: Global process safety systems market in oil and gas industry 2016-2021 ($ millions)
Exhibit 13: Global process safety systems market in chemical and petrochemical industry 2016-2021 ($ millions)
Exhibit 14: Global process safety systems market in power industry 2016-2021 ($ millions)
Exhibit 15: Global process safety systems market in other industries 2016-2021 ($ millions)
Exhibit 16: Global process safety systems market by geography 2016 and 2021 (%)
Exhibit 17: Process safety systems market in APAC 2016-2021 ($ millions)
Exhibit 18: Process safety systems market in EMEA 2016-2021 ($ millions)
Exhibit 19: Process safety systems market in Americas 2016-2021 ($ millions)
Exhibit 20: Impact of Drivers
Exhibit 21: Impact of drivers and challenges
Exhibit 22: Top vendors
Exhibit 23: Other prominent vendors
Exhibit 24: ABB: Business segments
Exhibit 25: ABB: Process safety system products
Exhibit 26: Honeywell International: Business segments
Exhibit 27: Honeywell International: Process safety system products
Exhibit 28: Rockwell Automation: Business segments
Exhibit 29: Rockwell Automation: Process safety system products
Exhibit 30: Siemens: Business segments
Exhibit 31: Siemens: Process safety system products
Exhibit 32: Yokogawa Electric: Business Segments
Exhibit 33: Yokogawa Electric: Process safety system products
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Emerson Electric
  • General Electric
  • Honeywell International
  • OMRON
  • Siemens
  • MORE
New Report Released: – Global Process Safety Systems Market 2017-2021
The author of the report recognizes the following companies as the key players in the Global Process Safety Systems Market: ABB, Honeywell International, Rockwell Automation, Siemens, and Yokogawa Electric.

Other Prominent Vendors in the market are: Emerson Electric, Esoteric Automation, General Electric, HIMA Paul Hildebrandt, Johnson Controls, OMRON, and Schneider Electric.

Commenting on the report, an analyst from the research team said: “One trend in the market is the development of customized safety systems. The emergence of customized safety systems and the customization requirements of the end-users are constantly growing. Safety systems are essential, and the need is more critical in capital-intensive and critical process industries. End-users are unwilling to accept change from old systems to innovative automation systems mostly because of the capital limitations of automation systems, including process safety systems in gauging the exact requirements of end-users. Process safety system vendors are increasing their product range and are also acquiring vendors of related products; they also work along with the end-users to develop products based on their requirements. Working along with end-users has a positive impact on the adoption of process safety systems.”

According to the report, one driver in the market is the increase in process automation among end-users. Process automation, which is a high-priority among the end-user industries especially in the developing countries in APAC and EMEA, is undergoing significant developments and operations. Automation is the result of an increasing demand for process safety systems in APAC and EMEA. The OPEC countries are expecting a rise in the value of oil per barrel and are also likely to set up more projects in the coming years. The oil and gas industry will be the key end-user of process safety systems. Most of these end-user industries were skeptical about investing during the economic crisis. The developing countries in APAC are undertaking new projects while countries in the Middle East and Latin America are looking to adopt newer automation technologies in process industries. Thus, the process safety systems market is expected to grow at a high rate.

Further, the report states that one challenge in the market is the Shortage of skilled labor to maintain and operate automation systems. The paucity of skilled labor to maintain and operate automation system along with process safety system affects vendors and end-users. Lack of skilled labor is a common challenge faced by the global automation market, especially in the developing economies. It is essential for safety system operators to have the knowledge as well as the technical ability to work on these systems. While there are automation experts and people with end-user experience, the pool of people with both these skills is declining. The decline in skilled experts is a major challenge for the adoption of process safety systems, especially in the developing countries. Multinational automation manufacturers are addressing this issue by providing training to operators who can cater specifically to end-user requirements. They also tie up with universities and offer training courses. This challenge has a low impact during the forecast period. The shortage of process safety specialists needs creative development team sourcing with end-users, suppliers, and specialty safety engineering companies.

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.
Note: Product cover images may vary from those shown
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  • ABB
  • Honeywell International
  • Rockwell Automation
  • Siemens
  • Yokogawa Electric
  • Emerson Electric
  • Esoteric Automation
  • General Electric
  • HIMA Paul Hildebrandt
  • Johnson Controls
  • OMRON
  • and Schneider Electric
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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