This in-depth market data research is split into two key modules: Market Growth Outlook and Competitive Analysis. Each of these modules is further configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers. All of these modules and sub-modules may be purchased as a bundle or separately. A brief description of these modules, sub-modules, and their use cases is included below.
The Process Safety Systems Market Research delivers current market analysis plus a five year market and technology forecast. It is available in multiple editions including worldwide, all regions, and most major countries.
Process Safety Systems Growth Driven by Regulatory and Compliance Pressures
ARC Advisory Group research on the Process Safety Systems market continue to show that factors such as increasing regulatory pressure, standards compliance, and system obsolescence are all combining to drive end users to make increased investments in process safety. The market continues to seek equilibrium after the effects of the pandemic. With an emphasis on safety, cybersecurity, sustainability, and remote operations, the market for process safety systems continues to be soft, and supply chain pressures are particularly evident in 2022.
Process Safety Systems Strategic Issues
In addition to providing a five-year market forecast, the Process Safety Systems market research provides detailed quantitative current market data and addresses key strategic issues as follows.
Cultivate Internal and External Peer Relationships
SIS suppliers have worked to develop programs for mutual learning and support among their customer base, but many end users do not take advantage of these resources. Operating safer than your competition does not help the industry and learnings should be shared. First, end users should take steps to build collaboration, communication, and training within their own organizations, especially among peers at different units and plants that are running common automation systems. Second, they should participate more broadly in SIS supplier user communities. Many activities take place online.
Allocating time and resources to this type of activity is an ongoing challenge for end users who are often called upon unexpectedly to resolve daily operating problems or questions but can pay big dividends in knowledge transfer and professional (and personal) networking.
Make Cybersecurity Part of the Process Safety Lifecycle
If a cyber-attack can compromise safety in the physical world, we must view cybersecurity in the context of safety. Similarly, approaches that are taken in the world of safety to evaluate risk and design safer systems should be applied to the word of cybersecurity. There are many methods to evaluate risk in process safety that are consistent with those outlined in the ISA 84/IEC 61511 process safety standard. These include the use of risk assessment matrices that consider severity, likelihood, and consequence of risks to people assets, environment, and company reputation. Bowtie models are used to evaluate control and recovery barriers to manage various threats and consequences of a cyber-attack.
Layers of protection analysis (LOPA) is also used in process safety. In general terms, LOPA is a semi-quantitative analysis of hazard scenarios. LOPA considers things like the historical event frequency of the hazard, the performance of selected barriers in terms of risk reduction to determine if a safety instrumented function (SIF) is required and, if so, what safety integrity level (SIL) level should be employed.
Process safety systems and other control and recovery barriers have cybersecurity vulnerabilities that must be mitigated. These vulnerabilities lead to 'escalation factors' in the Bowtie model that must be addressed with the appropriate escalation factor controls. One approach for integrating the cybersecurity risk assessment into the HSSE risk assessment process is to focus on escalation factors associated with barriers that have cybersecurity vulnerabilities. One advantage to this approach is that it is already a part of the existing HSSE risk assessment process.
Integration of Cybersecurity Risk Assessment with HSSE Risk Assessment
The need for conducting cybersecurity risk assessments for process safety is called out in IEC 61511 Part 1 (2016), which requires that "a security risk assessment shall be carried out to identify the security vulnerabilities of the SIS." The requirement further specifies additional details supporting the risk assessment. While this is a needed step, there are potentially many other safety related elements in industrial systems that are subject to cybersecurity vulnerabilities.
A wide variety of HSSE control and recovery barriers are available for use. Increasingly, these barriers have software, compute, and network elements in their design. The trend of integrating these safety critical subsystems and assets with control systems will continue and must be considered in the context of the process safety lifecycle, and the cybersecurity implications must also be considered. Considering these challenges, it is recommended to change the HSSE Risk Assessment process to include an integrated, fit-for-purpose cybersecurity risk assessment.
Market Data Research Available Datasets
Market Growth Outlook
ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world. In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Market Growth Outlook Analysis | Use Cases | Target Role |
| Worldwide Market Growth Outlook by Industry & Region with 3-year history where available | In-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Industry Growth Outlook by Region with 3-year history where available | Strategic technology growth planning for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data) | Strategic technology growth planning for markets defined by a single or multiple world regions | Regional & Country Sales Managers |
| Market Growth Outlook Executive View | Strategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Market Competitive Analysis
ARC’s Competitive Analysis services deliver in depth competitive analyses across multiple technologies, applications, regions, and industries. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help product and marketing managers identify their company’s market positioning across multiple views within their Serviceable Available Market (SAM). Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying how their company’s market position would change if the company were to acquire or divest a particular product line or technology. ARC’s reputation as the preeminent independent provider of competitive market benchmarking for nearly four decades lends greater weight to your business plans. ARC’s market competitive services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet the specific needs of our clients. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market competitive analyses designed to help executives quickly assess their SAM by world region, technology, or vertical industry. In-depth competitive market analyses provide marketing and product managers more detailed technology specific benchmarking information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Competitive Analysis | Use Cases | Target Role |
| Worldwide Competitive Analysis by Technology | In-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple world regions | Regional Sales Managers |
| Competitive Analysis Executive View | Strategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Worldwide Research Focus Areas
Worldwide Research Focus Areas
Strategic Analysis
- Executive Overview
- Market Trends
- Buyer Strategies
- Supplier Strategies
- Growth Contributors and Inhibitors
Competitive Analysis
- Market Shares of the Leading Suppliers of Process Safety Systems
- Market Shares by Region
- North America
- Europe, Middle East, & Africa
- Asia
- Latin America
- Market Shares by Revenue Category
- Hardware
- Software
- Services
- Market Shares by Service Type
- Market Shares by Industry
- Chemical
- Electric Power Generation
- Oil & Gas
- Pharmaceutical & Biotech
- Refining
- Market Shares by Application
- Emergency Shutdown
- Fire & Gas Monitoring
- Critical Process Control
- Burner Management
- Turbomachinery Control
- Market Shares by Safety Integrity Level
- Market Shares by Project Type
- New Construction
- Replacement
- Upgrade/Expansion
- Market Shares by Sales Channel
Market Forecasts and Histories
- Total Process Safety Systems Business
- Shipments by Region
- North America
- Europe, Middle East, & Africa
- Asia
- Latin America
- Shipments by Revenue Category
- Hardware
- Software
- Services
- Shipments by Service Type
- Shipments by Industry
- Chemical
- Electric Power Generation
- Oil & Gas
- Pharmaceutical & Biotech
- Refining
- Shipments by Safety Integrity Level
- Shipments by Application
- Emergency Shutdown
- Fire & Gas Monitoring
- Critical Process Control
- Burner Management
- Turbomachinery Control
- Shipments by Project Type
- New Construction
- Replacement
- Upgrade/Expansion
- Shipments by Sales Channel
Industry Participants
The research identifies all relevant suppliers serving this market.
Regional Research Focus Areas
Strategic Analysis
Competitive Analysis
- Leading Suppliers in Region
- Industry Shares in Region
- Country Shares in Region
- Leading Suppliers by Industry
Market History & Forecast Analysis
- Market History & Forecast by Country
- Market History & Forecast by Industry
Industry Participants
List of countries & currencies included in each region: MIRA-Country
For More Information
To speak with the author or to purchase the Process Safety Systems Market Research, please contact us.
Learn more about ARC In-depth Research at Market Data Services
Learn more about ARC Strategic Services at Advisory Services for Industry Leaders
