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Global Safety Instrumented Systems (SIS) Market in Chemicals and Petrochemicals Industry 2018-2022 - Product Image

Global Safety Instrumented Systems (SIS) Market in Chemicals and Petrochemicals Industry 2018-2022

  • ID: 4718464
  • Report
  • Region: Global
  • 125 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Emerson Electric
  • Honeywell
  • Rockwell Automation
  • Schneider Electric
  • Siemens
  • MORE
About this market

The framework of Smart Factory SIS is based on a similar concept as that of Industry 4.0. Industry 4.0 increases the production flexibility and profitability which will allow rapid adaptation to the changing market dynamics of volatile business operational model.

However, the concept of Industry 4.0 will be difficult to apply for the chemicals and petrochemicals industry as most of the processes depend on handling of explosive, flammable, and toxic materials. Thus, SIS is used in the chemical and petrochemicals industry to prevent accidents and environmental disasters. These factors will boost the growth of the safety instrumented systems market in the chemical and petrochemical industry. The analysts have predicted that the safety instrumented systems market in chemicals and petrochemicals industry will register a CAGR of about 8% by 2022.

Market Overview

Increased investments in chemicals and petrochemicals industry

The number of investments and projects increased in the developing nations such as India, Indonesia, Brazil, and countries in the Middle East in 2017. The number of mergers and acquisitions also increased in the same period. This resulted in increased demand of SIS systems from the chemicals and petrochemicals industry.

Compatibility issues associated with SIS

SIS must be compatible with other process automation related systems in the chemicals and petrochemicals industry. Chemical plants will not be able to able to ensure reliability and safety of processes at all conditions in case of compatibility issues. Moreover, the chemicals and petrochemicals industry will not be able to harness the benefits of SIS systems in case of incompatibility. Thus, the compatibility issues of SIS will hurt the growth prospects of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the safety instrumented systems market in chemicals and petrochemicals industry during 2018-2022, view the full report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including ABB, and Emerson Electric, the competitive environment is quite intense. Factors such as the increasing investments in chemicals and petrochemicals industry, will provide considerable growth opportunities to safety instrumented system companies. ABB, Emerson Electric, Honeywell, Rockwell Automation, Schneider Electric, and Siemens are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • ABB
  • Emerson Electric
  • Honeywell
  • Rockwell Automation
  • Schneider Electric
  • Siemens
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 05: MARKET SIZING
  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
  • Segmentation by application
  • Comparison by application
  • Emergency shutdown systems - Market size and forecast 2017-2022
  • Fire and gas monitoring and control systems- Market size and forecast 2017-2022
  • High integrity pressure protection systems - Market size and forecast 2017-2022
  • Burner management systems- Market size and forecast 2017-2022
  • Turbomachinery control systems- Market size and forecast 2017-2022
  • Market opportunity by application
PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • EMEA - Market size and forecast 2017-2022
  • APAC - Market size and forecast 2017-2022
  • Americas - Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Advent of Industry 4.0
  • Pre-engineered SIS
  • SIS with single-loop logic solvers
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive Landscape
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Emerson Electric
  • Honeywell
  • Rockwell Automation
  • Schneider Electric
  • Siemens
PART 15: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Parent market - Global process safety systems market
Exhibit 02: Global process safety systems market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Global safety instrumented systems (SIS) market in chemicals and petrochemicals industry - Market size 2017
Exhibit 07: Validation techniques employed for market sizing 2017
Exhibit 08: Global safety instrumented systems (SIS) market in chemicals and petrochemicals industry - Market size and forecast 2017-2022 ($ mn)
Exhibit 09: Global safety instrumented systems (SIS) market in chemicals and petrochemicals industry - Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Application - Market share 2017-2022 (%)
Exhibit 19: Comparison by application
Exhibit 20: Emergency shutdown systems - Market size and forecast 2017-2022 ($ mn)
Exhibit 21: Emergency shutdown systems - Year-over-year growth 2018-2022 (%)
Exhibit 22: Fire and gas monitoring and control systems - Market size and forecast 2017-2022 ($ mn)
Exhibit 23: Fire and gas monitoring and control systems - Year-over-year growth 2018-2022 (%)
Exhibit 24: High integrity pressure protection systems - Market size and forecast 2017-2022 ($ mn)
Exhibit 25: High integrity pressure protection systems - Year-over-year growth 2018-2022 (%)
Exhibit 26: Burner management systems - Market size and forecast 2017-2022 ($ mn)
Exhibit 27: Burner management systems - Year-over-year growth 2018-2022 (%)
Exhibit 28: Turbomachinery control systems - Market size and forecast 2017-2022 ($ mn)
Exhibit 29: Turbomachinery control systems - Year-over-year growth 2018-2022 (%)
Exhibit 30: Market opportunity by application
Exhibit 31: Customer landscape
Exhibit 32: Global safety instrumented systems (SIS) market in chemicals and petrochemicals industry - Market share by geography 2017-2022 (%)
Exhibit 33: Regional comparison
Exhibit 34: EMEA - Market size and forecast 2017-2022 ($ mn)
Exhibit 35: EMEA - Year-over-year growth 2018-2022 (%)
Exhibit 36: APAC - Market size and forecast 2017-2022 ($ mn)
Exhibit 37: APAC - Year-over-year growth 2018-2022 (%)
Exhibit 38: Americas - Market size and forecast 2017-2022 ($ mn)
Exhibit 39: Americas - Year-over-year growth 2018-2022 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Investments and mergers in chemical industry in 2017
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: ABB: Overview
Exhibit 49: ABB - Business segments
Exhibit 50: ABB - Organizational developments
Exhibit 51: ABB - Geographic focus
Exhibit 52: ABB - Segment focus
Exhibit 53: ABB - Key offerings
Exhibit 54: Emerson Electric: Overview
Exhibit 55: Emerson Electric - Business segments
Exhibit 56: Emerson Electric - Organizational developments
Exhibit 57: Emerson Electric - Geographic focus
Exhibit 58: Emerson Electric - Segment focus
Exhibit 59: Emerson Electric - Key offerings
Exhibit 60: Honeywell: Overview
Exhibit 61: Honeywell - Business segments
Exhibit 62: Honeywell - Organizational developments
Exhibit 63: Honeywell - Geographic focus
Exhibit 64: Honeywell - Segment focus
Exhibit 65: Honeywell - Key offerings
Exhibit 66: Rockwell Automation: Overview
Exhibit 67: Rockwell Automation - Business segments
Exhibit 68: Rockwell Automation - Organizational developments
Exhibit 69: Rockwell Automation - Geographic focus
Exhibit 70: Rockwell Automation - Segment focus
Exhibit 71: Rockwell Automation - Key offerings
Exhibit 72: Schneider Electric: Overview
Exhibit 73: Schneider Electric - Business segments
Exhibit 74: Schneider Electric - Organizational developments
Exhibit 75: Schneider Electric - Geographic focus
Exhibit 76: Schneider Electric - Segment focus
Exhibit 77: Schneider Electric - Key offerings
Exhibit 78: Siemens: Overview
Exhibit 79: Siemens - Business segments
Exhibit 80: Siemens - Organizational developments
Exhibit 81: Siemens - Geographic focus
Exhibit 82: Siemens - Segment focus
Exhibit 83: Siemens - Key offerings
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Emerson Electric
  • Honeywell
  • Rockwell Automation
  • Schneider Electric
  • Siemens
  • MORE
Global Safety Instrumented Systems (SIS) Market in Chemicals and Petrochemicals Industry 2018-2022

The author of the report recognizes the following companies as the key players in the global safety instrumented systems market in chemicals and petrochemicals industry: ABB, Emerson Electric, Honeywell, Rockwell Automation, Schneider Electric, and Siemens.

Commenting on the report, an analyst from the research team said: “The advent of Industry 4.0 is identified as a key trend that will drive the growth of the safety instrumented systems market. The chemicals and petrochemicals industry rely on SIS to prevent fatalities and environmental disasters.”

According to the report, one of the major drivers for this market is the increasing number of projects and investments in the chemicals and petrochemicals industry of developing nations. The increase in the number of M&A also contributed to the growth of the market.

Further, the report states that one of the major factors hindering the growth of this market is the compatibility issues associated with SIS. These issues will restrict the growth of the SIS market in the chemicals and petrochemicals industry during the forecast period.

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
  • Emerson Electric
  • Honeywell
  • Rockwell Automation
  • Schneider Electric
  • Siemens
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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