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Global Process Safety Systems Market 2020-2024

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    Report

  • 120 Pages
  • September 2020
  • Region: Global
  • TechNavio
  • ID: 5174361
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Global Process Safety Systems Market 2020-2024

The process safety systems market is poised to grow by $ 257.63 mn during 2020-2024 progressing at a CAGR of 2% during the forecast period. The report on process safety systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in process automation, improving safety standards and related developments and sustainable risk reduction in hazardous operations. In addition, increase in process automation is anticipated to boost the growth of the market as well.

The process safety systems market analysis includes product segment, end-user segment and geographical landscapes.

The process safety systems market is segmented as below:

By Product
  • ESS
  • FG
  • BMS
  • HIPPS

By End-user
  • Oil and gas
  • Chemical and petrochemical
  • Power
  • Others

By Geographical Landscapes
  • APAC
  • Europe
  • North America
  • MEA
  • South America

This study identifies the development of customized safety systems as one of the prime reasons driving the process safety systems market growth during the next few years. Also, the emergence of robotic process automation (RPA) in hazardous operations and adoption of newer safety control systems in retrofit applications will lead to sizable demand in the market.

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.

The process safety systems market covers the following areas:
  • Process safety systems market sizing
  • Process safety systems market forecast
  • Process safety systems market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading process safety systems market vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Johnson Controls International Plc, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.. Also, the process safety systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

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 research - both primary and secondary.

This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Table of Contents

Executive Summary
  • Market Overview

Market Landscape
  • Market ecosystem
  • Value chain analysis

Market Sizing
  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis
  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product
  • Market segments
  • Comparison by Product
  • ESS - Market size and forecast 2019-2024
  • FG - Market size and forecast 2019-2024
  • BMS - Market size and forecast 2019-2024
  • HIPPS - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user
  • Market segments
  • Comparison by End-user
  • Oil and gas - Market size and forecast 2019-2024
  • Chemical and petrochemical - Market size and forecast 2019-2024
  • Power - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape
Geographic Landscape
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape
  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • OMRON Corp.
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corp.

Appendix
  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

List of Exhibits
1: Key Finding 1
2: Key Finding 2
3: Key Finding 3
4: Key Finding 5
5: Key Finding 6
6: Key Finding 7
7: Key Finding 8
8: Key Finding 9
9: Parent market
10: Market characteristics
11: Offerings of vendors included in the market definition
12: Market segments
13: Global - Market size and forecast 2019 - 2024 ($ million)
14: Global market: Year-over-year growth 2019 - 2024 (%)
15: Five forces analysis 2019 & 2024
16: Bargaining power of buyers
17: Bargaining power of suppliers
18: Threat of new entrants
19: Threat of substitutes
20: Threat of rivalry
21: Market condition - Five forces 2019
22: Product - Market share 2019-2024 (%)
23: Comparison by Product
24: ESS - Market size and forecast 2019-2024 ($ million)
25: ESS - Year-over-year growth 2019-2024 (%)
26: FG - Market size and forecast 2019-2024 ($ million)
27: FG - Year-over-year growth 2019-2024 (%)
28: BMS - Market size and forecast 2019-2024 ($ million)
29: BMS - Year-over-year growth 2019-2024 (%)
30: HIPPS - Market size and forecast 2019-2024 ($ million)
31: HIPPS - Year-over-year growth 2019-2024 (%)
32: Market opportunity by Product
33: End user - Market share 2019-2024 (%)
34: Comparison by End user
35: Oil and gas - Market size and forecast 2019-2024 ($ million)
36: Oil and gas - Year-over-year growth 2019-2024 (%)
37: Chemical and petrochemical - Market size and forecast 2019-2024 ($ million)
38: Chemical and petrochemical - Year-over-year growth 2019-2024 (%)
39: Power - Market size and forecast 2019-2024 ($ million)
40: Power - Year-over-year growth 2019-2024 (%)
41: Others - Market size and forecast 2019-2024 ($ million)
42: Others - Year-over-year growth 2019-2024 (%)
43: Market opportunity by End user
44: Customer Landscape
45: Market share by geography 2019-2024 (%)
46: Geographic comparison
47: APAC - Market size and forecast 2019-2024 ($ million)
48: APAC - Year-over-year growth 2019-2024 (%)
49: Europe - Market size and forecast 2019-2024 ($ million)
50: Europe - Year-over-year growth 2019-2024 (%)
51: North America - Market size and forecast 2019-2024 ($ million)
52: North America - Year-over-year growth 2019-2024 (%)
53: MEA - Market size and forecast 2019-2024 ($ million)
54: MEA - Year-over-year growth 2019-2024 (%)
55: South America - Market size and forecast 2019-2024 ($ million)
56: South America - Year-over-year growth 2019-2024 (%)
57: Key leading countries
58: Market opportunity by geography ($ million)
59: Impact of drivers and challenges
60: Vendor landscape
61: Landscape disruption
62: Industry risks
63: Vendors covered
64: Market positioning of vendors
65: ABB Ltd. - Overview
66: ABB Ltd. - Business segments
67: ABB Ltd. - Key offerings
68: ABB Ltd. - Key customers
69: ABB Ltd. - Segment focus
70: Emerson Electric Co. - Overview
71: Emerson Electric Co. - Business segments
72: Emerson Electric Co. - Key offerings
73: Emerson Electric Co. - Key customers
74: Emerson Electric Co. - Segment focus
75: General Electric Co. - Overview
76: General Electric Co. - Business segments
77: General Electric Co. - Key offerings
78: General Electric Co. - Key customers
79: General Electric Co. - Segment focus
80: Honeywell International Inc. - Overview
81: Honeywell International Inc. - Business segments
82: Honeywell International Inc. - Key offerings
83: Honeywell International Inc. - Key customers
84: Honeywell International Inc. - Segment focus
85: Johnson Controls International Plc - Overview
86: Johnson Controls International Plc - Business segments
87: Johnson Controls International Plc - Key offerings
88: Johnson Controls International Plc - Key customers
89: Johnson Controls International Plc - Segment focus
90: OMRON Corp. - Overview
91: OMRON Corp. - Business segments
92: OMRON Corp. - Key offerings
93: OMRON Corp. - Key customers
94: OMRON Corp. - Segment focus
95: Rockwell Automation Inc. - Overview
96: Rockwell Automation Inc. - Business segments
97: Rockwell Automation Inc. - Key offerings
98: Rockwell Automation Inc. - Key customers
99: Rockwell Automation Inc. - Segment focus
100: Schneider Electric SE - Overview
101: Schneider Electric SE - Business segments
102: Schneider Electric SE - Key offerings
103: Schneider Electric SE - Key customers
104: Schneider Electric SE - Segment focus
105: Siemens AG - Overview
106: Siemens AG - Business segments
107: Siemens AG - Key offerings
108: Siemens AG - Key customers
109: Siemens AG - Segment focus
110: Yokogawa Electric Corp. - Overview
111: Yokogawa Electric Corp. - Business segments
112: Yokogawa Electric Corp. - Key offerings
113: Yokogawa Electric Corp. - Key customers
114: Yokogawa Electric Corp. - Segment focus
115: Currency conversion rates for US$
116: Research Methodology
117: Validation techniques employed for market sizing
118: Information sources
119: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global process safety systems market: ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Johnson Controls International Plc, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is development of customized safety systems."

According to the report, one of the major drivers for this market is the increase in process automation.

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 Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • OMRON Corp.
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corp.