Global Process Safety Systems Market 2020-2024

Global Process Safety Systems Market 2020-2024

Technavio has been monitoring the process safety systems market and it is poised to grow by $ 257.63 mn during 2020-2024 progressing at a CAGR of 2% during the forecast period. Our reports on process safety systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in process automation, improving safety standards and related developments and sustainable risk reduction in hazardous operations. In addition, increase in process automation is anticipated to boost the growth of the market as well.

The process safety systems market analysis includes product segment, end-user segment and geographical landscapes

Technavio's process safety systems market is segmented as below:

By Product

  • ESS
  • FG
  • BMS
  • HIPPS
By End-user
  • Oil and gas
  • Chemical and petrochemical
  • Power
  • Others
By Geographical Landscapes
  • APAC
  • Europe
  • North America
  • MEA
  • South America
This study identifies the development of customized safety systems as one of the prime reasons driving the process safety systems market growth during the next few years. Also, the emergence of robotic process automation (RPA) in hazardous operations and adoption of newer safety control systems in retrofit applications will lead to sizable demand in the market.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our process safety systems market covers the following areas:
  • Process safety systems market sizing
  • Process safety systems market forecast
  • Process safety systems market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading process safety systems market vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Johnson Controls International Plc, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.. Also, the process safety systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Industrial machinery market
      • Inbound logistics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global Process Safety Systems Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • ESS - Market size and forecast 2019-2024
      • Table ESS - Market size and forecast 2019-2024 ($ million)
      • Table ESS Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table ESS - Year-over-year growth 2019-2024 (%)
    • FG - Market size and forecast 2019-2024
      • Table FG - Market size and forecast 2019-2024 ($ million)
      • Table FG Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table FG - Year-over-year growth 2019-2024 (%)
    • BMS - Market size and forecast 2019-2024
      • Table BMS - Market size and forecast 2019-2024 ($ million)
      • Table BMS Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table BMS - Year-over-year growth 2019-2024 (%)
    • HIPPS - Market size and forecast 2019-2024
      • Table HIPPS - Market size and forecast 2019-2024 ($ million)
      • Table HIPPS Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table HIPPS - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2019-2024 (%)
    • Comparison by End-user
      • Table Comparison by End-user
    • Oil and gas - Market size and forecast 2019-2024
      • Table Oil and gas - Market size and forecast 2019-2024 ($ million)
      • Table Oil and gas Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Oil and gas - Year-over-year growth 2019-2024 (%)
    • Chemical and petrochemical - Market size and forecast 2019-2024
      • Table Chemical and petrochemical - Market size and forecast 2019-2024 ($ million)
      • Table Chemical and petrochemical Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Chemical and petrochemical - Year-over-year growth 2019-2024 (%)
    • Power - Market size and forecast 2019-2024
      • Table Power - Market size and forecast 2019-2024 ($ million)
      • Table Power Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Power - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Others Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America Market 2019-2024 ($ million), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers - Demand led growth
      • Increase in process automation among end-users
      • Improving safety standards and related developments
      • Sustainable risk reduction in hazardous operations
    • Market challenges
      • Risks and threats that impact the oil and gas industry
      • Shortage of skilled labor to maintain and operate automation systems
      • Maturity of the market in Europe and North America
        • Table Impact of drivers and challenges
    • Market trends
      • Development of customized safety systems
      • The emergence of robotic process automation (RPA) in hazardous operations
      • Adoption of newer safety control systems in retrofit applications
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Key news
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Emerson Electric Co.
      • Table Emerson Electric Co. - Overview
      • Table Emerson Electric Co. - Business segments
      • Table Emerson Electric Co. - Key news
      • Table Emerson Electric Co. - Key offerings
      • Table Emerson Electric Co. - Segment focus
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • Johnson Controls International Plc
      • Table Johnson Controls International Plc - Overview
      • Table Johnson Controls International Plc - Business segments
      • Table Johnson Controls International Plc - Key news
      • Table Johnson Controls International Plc - Key offerings
      • Table Johnson Controls International Plc - Segment focus
    • OMRON Corp.
      • Table OMRON Corp. - Overview
      • Table OMRON Corp. - Business segments
      • Table OMRON Corp. - Key news
      • Table OMRON Corp. - Key offerings
      • Table OMRON Corp. - Segment focus
    • Rockwell Automation Inc.
      • Table Rockwell Automation Inc. - Overview
      • Table Rockwell Automation Inc. - Business segments
      • Table Rockwell Automation Inc. - Key news
      • Table Rockwell Automation Inc. - Key offerings
      • Table Rockwell Automation Inc. - Segment focus
    • Schneider Electric SE
      • Table Schneider Electric SE - Overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Key news
      • Table Schneider Electric SE - Key offerings
      • Table Schneider Electric SE - Segment focus
    • Siemens AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens AG - Segment focus
    • Yokogawa Electric Corp.
      • Table Yokogawa Electric Corp. - Overview
      • Table Yokogawa Electric Corp. - Business segments
      • Table Yokogawa Electric Corp. - Key news
      • Table Yokogawa Electric Corp. - Key offerings
      • Table Yokogawa Electric Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market Definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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