Integrated Process Safety Solutions Increase Growth
The process safety systems market growth has rebounded after the world economic downturn, especially in the developed economies of North America and Western Europe.
Process safety systems suppliers continue to cost reduce their hardware offerings and integrate their safety solutions with the basic process control system. This helps with overall efficiency effectiveness.
Safety Instrumented Systems trends include smart configurable I/O and distributed safety system architectures. New software tools are increasingly making the systems easier to implement.
The main automation contractor (MAC) business model for executing projects is finding a growing acceptance with integrated process safety systems. The lack of process safety experts requires creative project team sourcing with end users, suppliers, and specialty safety engineering firms.
Cyber security’s importance cannot be underestimated, particularly for the safety and security of industrial processes. Closer integration of safety and security in process safety systems is required.
Strategic Issues
In order for a company to take advantage of the many opportunities that lie ahead in this growing market, it is critical to determine the appropriate strategic business plan. The following are some of the key strategic issues for success of the companies who deal with safety and critical control systems:
• Ignore the Duplex (Dual), TMR, QMR Arguments
• Look for industry expertise and project execution experience
• Offer certified safe sensors
• Integrate security with safety
• Get your system security certified
