Global Safety Instrumented Systems Market to Reach $6 Billion by 2030
The global market for Safety Instrumented Systems estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$6 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Emergency Shutdown Systems (ESD), one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$2.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fire and Gas Monitoring & Control (F&GC) segment is readjusted to a revised 5.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 9.1% CAGR
The Safety Instrumented Systems market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Select Competitors (Total 43 Featured) -
- ABB Group
- Emerson Electric Co.
- Honeywell Process Solutions
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Emerson Electric Co.
- Honeywell Process Solutions
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 293 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 3.9 Billion |
Forecasted Market Value ( USD | $ 6 Billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |