Process safety systems protect personnel and property in processing industries. They are generally used to prevent fires, explosions, and accidental release of chemicals or other hazardous materials in industries such as Oil and Gas, Chemicals and Petrochemicals, and Power. A safety system typically comprises engineered hardware and software controls.
Analysts forecast the Global Process Safety Systems market to grow at a CAGR of 6.77 percent over the period 2014-2019.
The Global Process Safety Systems market can be segmented into the following: Hardware, Software, and Services.
Global Process Safety Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, the Americas, and the EMEA region; it also covers the Global Process Safety Systems market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Other Prominent Vendors
- Emerson Electric
- General Electric
- Schneider Electric
- Increased Demand from Oil and Gas Industry
- Maturity of Markets in Europe and North America
- Development of Customised Safety Systems
Key Questions Answered in this Report
- What will the market size be in 2019 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?
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