Alarm Management

The 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 most major countries.  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 re-porting and analysis.  Master alarm data-base applications are also included.

Alarm Management: Creating a More Effective Operating Environment

Many heavy process end users began to implement fully functional alarm management systems close to two decades ago.  Many of these systems were implemented as the result of efforts to rationalize alarms, reduce the number of alarms presented to the operator, and implement a continuous improvement process around alarm management as outlined by industry standards bodies.

A crisis emerged when the ability to easily configure alarms in the modern control system reduced the cost of adding a new alarm to a system to basically nothing.  The dramatic explosion of operator alarms that followed made it exceedingly difficult for operators to see critical alarm data.  In too many instances, this resulted in incidents and unplanned downtime.

The alarm management market, including software and services, is dynamic with major segments experiencing rapid product innovation and growth.  This market has tremendous opportunities with rapid growth driven by replacement of older custom methods and by improved workflow with lower overall process and project costs.
 

Alarm Management Strategic Issues 

In addition to providing a five-year market forecast, the alarm management market research provides detailed quantitative current market data and addresses key strategic issues as follow.

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.