Global Process Safety System Market: Overview
The global process safety system (PSS) market report provides analysis for the period 2015–2025, wherein the period from 2017 to 2025 is the forecast period and 2016 is the base year. The report covers all the major trends and technologies playing a vital role in process safety system market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the PSS market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn), across different geographies, including North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and South America.
The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the process safety system market, globally. Moreover, the report provides an overview of the various strategies of key players operating in the market. Introduction and market definition chapter helps in understanding different technologies of PSS along with their applications which are included in the report.
Global Process Safety System Market: Market Segmentation
The report segments the global process safety system market on the basis of component into hardware, software and service. Thus, the report provides in-depth cross-segment analysis of the process safety system market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels. Further, the PSS market is segmented on the basis of safety integrity level into SIL1, SIL2, SIL3 and SIL4. The PSS application market is classified into burner management system (BMS), emergency shutdown (ESD), high integrity pressure protection system (HIPPS), turbo machinery control (TMC) and others. Process safety system is also segmented on the basis of end-use into Oil & Gas, Energy & Power, Chemical, Pharmaceutical, Food Processing, Paper & Pulp and others (Water & Waste Water Management, Paint & Coating etc.).
On the basis of country, North American market is divided into The U.S., Canada and Rest of North America. Similarly, Europe market is segmented into The U.K., Germany, France and Rest of Europe. Asia Pacific has been segmented into China, Japan, India and Rest of Asia Pacific. Middle East and Africa covers the GCC countries, South Africa and Rest of Middle East and Africa. Similarly, South American region includes Brazil and Rest of South America. This report provides all the essential information required to understand the process safety systems and its components. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the market. This report also provides the value chain analysis for the PSS market which explains the participants of the value chain.
Global Process Safety System Market: Competitive Landscape
The report also highlights the competitive landscape of the PSS market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive optical character recognition market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the process safety system market’s growth.
Some of the key players operating in PSS market with most significant development include ABB Ltd., Emerson Electric Co., General Electric Co., HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Intergraph Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corporation among others. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
The global process safety system market is segmented as follows:
Process Safety System Market Analysis, by Component
Process Safety System Market Analysis, by Safety Integrity Level
Process Safety System Market Analysis, by Application
Burner Management System (BMS)
Emergency Shutdown (ESD)
High Integrity Pressure Protection System (HIPPS)
Turbo Machinery Control (TMC)
Process Safety System Market Analysis, by End-use
Oil and Gas
Energy and Power
Paper and Pulp
Others (Water and Waste Water Management, Paint and Coating)
Process Safety System Market Analysis, by Region
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle-East & Africa
Rest of MEA
Rest of South America