Safety Instrumentation Systems (SIS) are used to give extra safety to personnel and equipment, as well as to protect the environment and local communities, in the energy industry and other global activities. Safety instrumentation systems (SIS) are used to return a process to a safe state when safe operating conditions are breached or safety limits are exceeded.
Safety Instrumentation Systems (SIS) are self-contained systems that include sensors, actuators, and logic solvers to accurately detect temperature, water level, and pressure in order to assure the process’s safety. Furthermore, safety instrumentation systems promote safety by reducing risk to a low level that may be tolerated or solved later, rather than the unachievable ideal of zero.
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Chemicals, oil and gas, pharmaceuticals, paper and pulp, metal and mining, water treatment, food and beverage production, and power generation all employ safety instrumentation systems.
Throughout the life of a plant, safety systems employ a systematic approach that revolves around safety requirement specifications, hazard identification, and system operation and maintenance. The oil and gas sector is predicted to be the largest contributor to the growth of the safety instrumentation systems market, thanks to increased investments in oil and gas production.
Furthermore, due to an increase in the use of safety instrumentation systems (SIS) in power generation, the safety instrumentation systems market is predicted to grow significantly.
Safety Instrumentation Systems Market: Market Dynamics
Drivers
Rise in automotive manufacturing across the globe is a major factor expected to drive the safety instrumentation systems market over the forecast period. Moreover, labor unions insisting on suitable safety measures in oil and gas and power generation industries will further drive the safety instrumentation systems market over the forecast period.
That apart, safety regulations executed by governments and increasing adoption of safety instrumentation systems in power generation will also add to the growth of market. Additionally, high demand for SIS in developing regions and arrival of new technologies, such as Internet of Things (IOT), are expected to further boost the market.
Restraint
Lack of awareness and complexity of standards in different applications are some of the factors which may hamper the growth of the safety instrumentation systems market over the forecast period. Similarly, the high cost and low response rate of safety instrumentation systems (SIS) will act as major restraining factors for the growth of safety instrumentation systems market during the forecast period.
Safety Instrumentation Systems Market: Market Participants
Some of the market participants identified across the value chain of the global safety instrumentation systems market include:
- ABB Ltd.
- Emerson Process Management
- Honeywell International Inc.
- Schneider Electric SE
- General Electric Company
- Rockwell Automation Inc.
- Siemens AG
- Yokogawa Electric Corporation
- OMRON Corporation
- Johnson Control, Inc.
- Tyco International Plc.
- HIMA Paul Hildebrandt GmbH
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain,)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Safety Instrumentation Systems Market: Segmentation
The global safety instrumentation systems market can be segmented on the basis of component type, product type and application.
On the basis of component type, the safety instrumentation systems market can be segmented into:
- Safety Switches
- Safety Sensors
- Emergency Stop Devices
- Programmable Safety Devices
On the basis of product type, the safety instrumentation systems market can be segmented into:
- Emergency Shutdown System (ESD)
- Safety Interlock System
- Safety Shutdown System (SSD)
- Fire and Gas Monitoring and control
- Burner Management System (BMS)
- Turbo Machinery and Control (TMC)
On the basis of application, the safety instrumentation systems market can be segmented into:
- Chemical
- Oil and Gas
- Pharmaceutical
- Paper and Pulp
- Metal and Mining
- Wastewater Treatment
- Food and Beverages
- Power Generation
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