Process Safety Systems Market by Component, Product, End-User

List of Tables

The Process Safety Systems Market is projected to reach USD 10.44 billion by 2030 from USD 6.12 billion in 2022, at a CAGR of 6.90% during the forecast period.

Global Process Safety Systems Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 6.12 billion
Estimated Year Value [2023]	USD 6.53 billion
Forecast Year Value [2030]	USD 10.44 billion
CAGR (%)	6.90%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Process Safety Systems Market.

Based on Component, market is studied across Hardware, Service, and Software. The Service is projected to witness significant market share during forecast period.

Based on Product, market is studied across Burner Management System (BMS), Emergency Shutdown (ESD), High Integrity Pressure Protection System (HIPPS), and Turbo Machinery Control (TMC). The Burner Management System (BMS) is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Chemical, Energy & Power, Food Processing, Oil & Gas, Paper & Pulp, and Pharmaceutical. The Food Processing is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Process Safety Systems Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Process Safety Systems Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Process Safety Systems Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Anderson Dahlen, Inc., Blackstone Industrial Group, Bureau Veritas UK Limited, CFE Media LLC, DEKRA India Private Limited, Deskera US Inc., Emerson Electric Co., Esoteric Automation & Control Technologies, General Electric Company, Hexagon AB, HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Intertek Group PLC, Johnson Controls International PLC, Merck KGaA, Milliken & Company, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, SGS S.A., Siemens AG, The Integration Group of Americas Inc., TUV SUD AG, and Yokogawa Electric Corporation.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Process Safety Systems Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Process Safety Systems Market?

3. What is the competitive strategic window for identifying opportunities in the Process Safety Systems Market?

4. What are the latest technology trends and regulatory frameworks in the Process Safety Systems Market?

5. What is the market share of the leading vendors in the Process Safety Systems Market?

6. Which modes and strategic moves are suitable for entering the Process Safety Systems Market?

Product Code: MRR-521BAA36EBE0

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Process Safety Systems Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Stringent international standards for the industrial process and worker safety
  - 5.1.1.2. Rising cases of fire explosion and gas leaks in factory
  - 5.1.1.3. Growing awareness about safe operational practices in process industries
- 5.1.2. Restraints
  - 5.1.2.1. High implementation and maintenance cost of process safety systems
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced digital technologies for real-time risk assessment and predictive maintenance
  - 5.1.3.2. Rapid shift towards the automation in commercial and industrial area
- 5.1.4. Challenges
  - 5.1.4.1. Lack of trained and experienced professionals
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Process Safety Systems Market, by Component

6.1. Introduction
6.2. Hardware
6.3. Service
6.4. Software

7. Process Safety Systems Market, by Product

7.1. Introduction
7.2. Burner Management System (BMS)
7.3. Emergency Shutdown (ESD)
7.4. High Integrity Pressure Protection System (HIPPS)
7.5. Turbo Machinery Control (TMC)

8. Process Safety Systems Market, by End-User

8.1. Introduction
8.2. Chemical
8.3. Energy & Power
8.4. Food Processing
8.5. Oil & Gas
8.6. Paper & Pulp
8.7. Pharmaceutical

9. Americas Process Safety Systems Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Process Safety Systems Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Process Safety Systems Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. ABB Ltd.
- 13.1.2. Anderson Dahlen, Inc.
- 13.1.3. Blackstone Industrial Group
- 13.1.4. Bureau Veritas UK Limited
- 13.1.5. CFE Media LLC
- 13.1.6. DEKRA India Private Limited
- 13.1.7. Deskera US Inc.
- 13.1.8. Emerson Electric Co.
- 13.1.9. Esoteric Automation & Control Technologies
- 13.1.10. General Electric Company
- 13.1.11. Hexagon AB
- 13.1.12. HIMA Paul Hildebrandt GmbH
- 13.1.13. Honeywell International Inc.
- 13.1.14. Intertek Group PLC
- 13.1.15. Johnson Controls International PLC
- 13.1.16. Merck KGaA
- 13.1.17. Milliken & Company
- 13.1.18. Omron Corporation
- 13.1.19. Rockwell Automation Inc.
- 13.1.20. Schneider Electric SE
- 13.1.21. SGS S.A.
- 13.1.22. Siemens AG
- 13.1.23. The Integration Group of Americas Inc.
- 13.1.24. TUV SUD AG
- 13.1.25. Yokogawa Electric Corporation
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing