Process Safety System Market Set to Grow, Thanks to Stringent Governmental Regulations towards Workers Safety

Process safety systems are disciplined frameworks that are used to manage processes that handle hazardous substances. The process safety system market is propelled by mandates such as stringent governmental regulations, demand for safety systems in the oil and gas industry, and need for personnel and asset protection. In addition to this, growing industrial revolution 4.0 and automation in industrial areas are some other factors expected to drive the global process safety system market in the coming few years.

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Further, there are several other factors expected to boost the global process safety system market in the coming few years. Hence, there is an increasing need to secure human resources working in the plant.  This is expected to increase adoption of industrial safety systems such as burner management, fire and gas monitoring, and emergency shutdown systems in the working environment. This is anticipated to offer several lucrative opportunities for the growth of the global process safety system market.

  • Further, significant rise in industrialization and urbanization is another factor poised to play a vital role in the growth of the process safety system market.
  • Despite several drivers, growth in the process safety system market is likely to get hampered owing to lenient government regulation towards safety of workers in less developed regions. Along with this, inadequate awareness among workers working in harsh environment is another factor. Moreover, rise in oil and gas mining operation is another strong factor expected to fuel the process safety system market.  

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Growing Adoption of the Advanced Process Safety Systems across Numerous End Use Industries to be Beneficial for Growth


San Francisco, California, January 29, 2019 : Process safety system encompasses the systems that help to lower the occurrence of accidents in the manufacturing plant such fires, explosions, and chemical discharge. Mainly in the industries such as oil & gas and paints & coatings, the hazardous chemicals are used. Leakage or accidental discharge of these chemicals can lead to major fire or blast. Thus, the chemical industries are increasingly deploying process safety systems. This demand is a key factor boosting growth of the global process safety systems market.

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Despite presence of these safeguarding measures, these safety systems are not effective in every case. The failure of these systems is hampering the adoption of the process safety systems market. Additionally, growing demand for the effective and efficient safety systems is leading to encourage numerous players in the market to invest more on research and development of the existing process safety systems. These efforts is increasing number of new product launches and propelling prospects of the growth.

Additionally, the process safety systems include several layers of technical as well as non-technical protection. Especially the chemical and oil & gas industries are adopting these systems and measures for minimizing the social and emergence of economic damage with stringent regulations are positively impacting on the adoption of the process safety systems and likely to propel growth of the global process safety systems market. Additionally, knowledge and awareness about the importance of safe guarding safety and growing revenue of industry is enhancing their budgets of adopting the safety measures. This is a key factor boosting growth of the process safety systems market.

Some of the leading companies in the global process safety system market are Siemens AG, ABB Ltd., Rockwell Automation Inc., E.l.du Pont de Nemours and Company, and Honeywell International Inc. These key players operating in the market have well-established distribution networks across all geographies. The global presence of these companies is helping them to acquire higher profit margins as well as widespread customer base.

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Process Safety System Market anticipated to Scale High during 2017-2025

Global  Process Safety System Market: Snapshot

The number of safeguarding measures implemented today is very high on account of the increasing concerns over safety. However, the results are still not very positive. This is especially true for the various process industries that are vulnerable to accidents. Thus, the demand for process safety systems is expected to rise in the coming years for the application of several layers of protection. Process safety systems comprise several layers of both technical and non technical protection. These include safety instrumented systems (SIS), which not only safeguards the processes but also fuels the productivity. This in turn enables high quality product production at lowered costs. Owing to these benefits, the global demand for process safety systems is anticipated to scale high during the period from 2017 to 2025.

The process safety system market will especially flourish in the Asia Pacific region on account of growing demand for power and energy in the highly populated countries of this region, which in turn is driving the demand for these systems. The thriving chemical, oil and gas, and petrochemical industries in Asia Pacific will also be a key factor driving the market’s growth in the region. The market is consolidated with many mergers and acquisition activities being observed among players. Key players in the market have established their distribution networks. Most leading players have their reach across all geographies and this is helping them to acquire higher profit margins as they have a widespread customer base. Most leading players have long years of expertise in automation.

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Global Process Safety System Market: Overview

Process safety system involves preventing fires, explosions, and accidental release of chemicals in chemical industries or the accidental release of hazardous materials in industries such as oil and gas and paints and coatings. The deployment of process safety systems is aimed at providing the necessary measures that are needed to minimize or overcome hazard to the environment or to personnel.

In oil and gas operations, the discovery of new oil fields leading to changing fortunes has high operational hazards that can be fatal as well. According to statistics from the Centers for Disease Control and Prevention (CDC), the oil and gas industry in the U.S. had fatality rate seven times higher than for workers in all other industries between 2003 and 2010.

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The research report provides useful insights into growth trends, process innovation, and competitive landscape of the global process safety system market. This includes a detailed assessment of the vital market parameters such as market drivers, market restraints, and growth trends in the past and projections for the 2017-2025 period.

The report is compiled after gathering data from industry-centric databases and valuable insights received from industry experts about their viewpoint on the development trends in the global process safety system market. The report analyzes the market from a competitive standpoint as well. The leading companies are profiled for their distinguishing business attributes and indices of strengths, weakness, opportunities, and threats of these companies are gauged until the end of the forecast period in 2025.

Global Process Safety System Market: Trends and Opportunities

In oil and gas operations, measures to minimize social and economic damage combined with stringent governmental regulations are having a positive impact on the growth of the global process safety system market. This is because workplace safety is of paramount importance converting into higher revenue for any industry.

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Global Process Safety System Market: Market Segmentation

The global process safety system market can be analyzed on the basis of end user and geography. The end-user segments of the market are oil and gas, chemical, pharmaceuticals, refining, and power generation. Other than these, process safety systems are displaying a significant demand from other industries that have potentially hazardous operations and have a considerable utilization of volatile compounds and toxic chemicals.

On the basis of geography, the regional segments of the global process safety system market are North America, Europe, Asia Pacific, and Rest of the World. The major countries that have process safety system capabilities are the U.S. and Canada in North America; Russia, France, Germany, and the U.K. in Europe, Japan, South Korea, Malaysia, China, Australia, and India in Asia Pacific; Brazil, South Africa, Venezuela, and the Middle Eastern nations in the Rest of the World. These countries are identified based on their process safety systems capabilities installed for economic and social welfare predominantly in petroleum operations, manufacturing, and chemical industries.

Major Companies Mentioned in Report

Some of the leading companies in the global process safety system market are ABB Ltd., Siemens AG, E.l.du Pont de Nemours and Company, Rockwell Automation Inc., Honeywell International Inc., Yokogawa Electric Corp, and Integraph Corporation.

Measures to Reduce Workplace Hazards Favor Use of Process Safety Systems

San Francisco, California, September 07, 2017: TMR Research presents a new report on the global process safety system market for the period between 2017 and 2025. The report, titled “Process Safety System Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” discusses growth trends, market indices, and competitive strategies that are important for a know-how of the growth trajectory of the global process safety system market for the aforementioned forecast period.

The report has been compiled after an extensive research phase followed by scrutiny of the collected data. Analysts also conducted in-person interviews with industry experts to obtain their viewpoint regarding growth of the process safety system market over the forecast period. The comprehensive analysis of the global process safety system market presented herein can be leveraged by business analysts to make informed decision making.

Process safety system involves processes for preventing fires, accidental release of chemicals and hazardous materials, and explosions. The objective of deployment of process safety systems is to take necessary measures that are needed to minimize hazard to personnel and to the environment. For instance, in oil and gas industry, discovery of new oil fields and to make them operational involves a high risk factor. As per the data from the Centers for Disease Control and Prevention, in the U.S., the oil and gas industry registered fatalities seven times higher than all other industries between 2003 and 2010.

The global process safety system market can be analyzed on the basis of end user and geography. Depending upon end-use, the segments into which the global process safety system market can be divided are oil and gas, pharmaceuticals, chemical, refining, and power generation. Apart from this, process safety systems find extensive applications in other industries that involve hazardous operations and considerably utilize volatile compounds and toxic chemicals.

The segments into which the global process safety system market can be divided based on geography are North America, Asia Pacific, Europe, and Rest of the World. In North America, the U.S. and Canada are the key domestic markets for process safety systems. France, Germany, Russia, and the U.K. are the key domestic markets in Europe. The key domestic markets for process safety system in Asia Pacific are Japan, Malaysia, Australia, India, South Korea, and China. These countries have been identified based on their process safety system capabilities for economic and social welfare especially in oil and gas, chemical, and manufacturing industries.

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