New ARC Advisory Group research on the process safety systems market reveals that factors such as increasing regulatory pressure, standards compliance, and system obsolescence are all combining to drive end users to make increased investment in process safety. For a few years the market growth had plateaued as manufacturers in the heavy process industries were averse to change; but now with emphasis on safety, cybersecurity, and integrated operations the market for process safety systems is on a recovery path.
“Process safety investment continues to be a priority even in an uncertain economy. The essential safety culture at most industrial companies has matured to a point where management recognizes its overall contribution to reducing corporate risk. This is becoming true even in developing economies. In fact, the Chinese market continues to be quite active due to governmental and social pressures to enhance process safety in that nation’s industrial facilities” according to Mark Sen Gupta, Director of Research at ARC Advisory Group and key author of ARC’s Process Safety Systems Global Market Research report.
Leading Suppliers to the Process Safety Systems Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offering. In alphabetical order, these include Honeywell, Rockwell Automation, Schneider Electric, and Yokogawa.
About the Process Safety Systems Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the process safety systems 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 region, industry, revenue category, application, safety integrity level, sales channels, and project type.
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 five years of historical data in addition to 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.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.