MarketResearchReports.Biz presents this most up-to-date research on"global process safety systems market to grow at a CAGR of 4.58% during the period 2017-2021"
Albany, NY -- (SBWIRE) -- 03/24/2017 -- The process safety systems market covers emergency shutdown systems (ESS), fire and gas systems (F&G), high-integrity pressure protection systems (HIPPS) and burner management systems (BMS). All these process safety systems aid in enhancing system safety and thereby increase the overall plant process line. The process safety systems focus on reducing the risks of fires, discharge of toxic gases, and local fires.
Technavios analysts forecast the global process safety systems market to grow at a CAGR of 4.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global process safety systems market for 2017-2021. To calculate the market size, the report considers the sales and services market.
The market is divided into the following segments based on geography:
APAC
EMEA
Americas
Technavio's report, Global Process Safety Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
Honeywell International
Rockwell Automation
Siemens
Yokogawa Electric
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Other prominent vendors
Emerson Electric
Esoteric Automation
General Electric
HIMA Paul Hildebrandt
Johnson Controls
OMRON
Schneider Electric
Market driver
Increase in process automation among end-users
For a full, detailed list, view our report
Market challenge
Shortage of skilled labor to maintain and operate automation systems
For a full, detailed list, view our report
Market trend
Development of customized safety systems
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?