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The publisher has been monitoring the process safety system market in the oil and gas industry and it is poised to grow by $ 103.85 mn during 2021-2025, progressing at a CAGR of over 2% during the forecast period. Our report on process safety system market in the oil and gas industry 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 global expansion of oil terminals and sustainable risk reduction in hazardous operations.
The process safety system market in the oil and gas industry analysis includes product segment and geographic landscape.
The process safety system market in the oil and gas industry is segmented as below:
By Product
- Hardware
- Software
- Services
By Geography
- North America
- APAC
- Europe
- MEA
- South America
This study identifies the improving safety standards and related developments as one of the prime reasons driving the process safety system market in the oil and gas industry growth during the next few years.
The report on process safety system market in the oil and gas industry covers the following areas:
- Process safety system market in the oil and gas industry sizing
- Process safety system market in the oil and gas industry forecast
- Process safety system market in the oil and gas industry analysis
The publisher's 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 system market in the oil and gas industry vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., Johnson Controls International Plc, and OMRON Corp. Also, the process safety system market in the oil and gas industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage 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
The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Executive Summary
The publisher recognizes the following companies as the key players in the global process safety system market in the oil and gas industry: ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., Johnson Controls International Plc, and OMRON Corp.Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is the improving safety standards and related developments.`
According to the report, one of the major drivers for this market is the global expansion of oil terminals.
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
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
- Johnson Controls International Plc
- OMRON Corp.
