New ARC Advisory Group research on the Safety Instrumented Systems (SIS) Isolation Valves and Actuators market reveals that last year saw a spike in investments to enhance overall plant safety. Many end users invested in replacing old actuators and switchboxes with new intelligent actuators and digital positioners that provide remote monitoring and diagnostics (partial stroke testing) capabilities.
“Increasing regulatory pressure, standards compliance, and media activity are all combining to drive end users to make increased investment in process safety. Safety engineers throughout the world are struggling with the problem of how to best comply with new and more stringent safety requirements,” according to Sandeep Mukunda, Analyst at ARC Advisory Group and key author of ARC’s Safety Instrumented Systems Isolation Valves and Actuators Global Market Research report.
“Several safety system suppliers are developing or have developed pre-packaged SIS solutions that are targeted for specific chemical, oil, and gas applications. SIS valves and actuator suppliers should forge partnership with instrumentation and automation suppliers or with third party system integrators to develop these packaged solutions,” added Sandeep.
About the Safety Instrumented Systems Isolation Valves and Actuators Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the safety instrumented systems isolation valves and actuators market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by component, industry, application, revenue category, and sales channels.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
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