Publish Date
This Alarm Management Market Research Study delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide, all regions, and a select group of countries.
Alarm Management Is a Road to Big Data and Analytics
The scope of this report covers standalone alarm management applications and tools that range from simple alarm notification capabilities for mobile devices to more sophisticated standalone alarm management application suites that include functionality for alerts and notifications, documentation and enforcement, and advanced reporting and analysis. Master alarm database applications are also included.
A new or upgraded alarm management solution could potentially help support many transformative technologies. Two that come to mind include Big Data analytics and procedural automation.
As one end user told ARC, “The information from a new alarm management system implementation can be used in the context of a data analytics solution. Many large plants are finding hidden value in some of these masked abnormal situations - ones that are near misses, degrading situations. To find those near misses, you must have event context.”
Calculated values could also be used in the context of an ISA 106 application for procedural automation. Many end users are finding value in automating procedures that were previously performed manually. This also overlaps into the realm of state-based control, in which process automation systems can dynamically react to changing states in the process without operator intervention.
Alarm Management Strategic Issues
Alarm management in general continues to be a big issue in process plants, driven largely by the need to conform to current standards and best practices like ISA 18.2, EEMUA 191, and IEC 62682.
However, adherence to standards and best practices is not the only alarm management issue facing end users. Many end users are interested in migrating to a new alarm management application and improving their alarm management philosophy and implement some of the newer aspects of these solutions.
Alarm Management Study Formats and Editions Available
This market study may be purchased as an Excel Workbook and/or as a PDF File. The Workbook has some unique features such as the ability to view data in local currency. Regional studies include country and industry market data. Country studies include market trends and industry data. Studies and formats available are listed below:
| MIRA Workbook | PDF File | |
|---|---|---|
| Worldwide (includes regional data) | Yes | Yes |
| North America (includes country data) | Yes | No |
| Latin America (includes country data) | Yes | No |
| Europe, Middle East, Africa (includes country data) | Yes | No |
| Asia (includes country data) | Yes | No |
| China | No | No |
| India | No | No |
Countries included in each region.
Table of contents for these studies is shown in the following paragraphs.
Worldwide Research Focus Areas
Worldwide Research Focus Areas
Strategic Analysis
- Executive Summary
- Major Trends
- Regional, Industry, and End User Trends
- Strategic Recommendations
Competitive Analysis
- Market Shares of the Leading Suppliers
- Market Shares by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Market Shares by Revenue Category
- Service Revenues
- Software Revenues
- Market Shares by Industry
- Cement & Glass
- Chemical/Petrochemical
- Electric Power Generation
- Food & Beverage
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Refining
- Water & Wastewater
- Market Shares by Customer Type
- Market Shares by Sales Channel
Market Forecast Analysis
- Total Shipments of Alarm Management
- Shipments by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Shipments by Revenue Category
- Service Revenues
- Software Revenues
- Shipments by Industry
- Cement & Glass
- Chemical/Petrochemical
- Electric Power Generation
- Food & Beverage
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Refining
- Water & Wastewater
- Shipments by Customer Type
- 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 Forecast Analysis
- Market Forecast by Country
- Market Forecast by Industry
Industry Participants
List of countries & currencies included in each region: MIRA-Country
Country Research Focus Areas
Contact us for the countries available for this study.