Process Safety Systems

The Process Safety Systems 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.

Process Safety Systems: Market Impacted by Pandemic and Transitions in Energy Sector

The proper deployment of process safety systems is a proven and effective method to reduce risk to people, equipment, and the environment that result from abnormal situations. This report provides insights into the buying trends and motivations of the safety market. It also provides advice in maintaining or expanding a supplier’s market share and customer value.

This report provides an in-depth analysis of the worldwide SIS and critical control system business in process industries. It does not include the machine safety systems used in discrete manufacturing facilities. The report is prepared to provide strategic information to industry executives responsible for the planning, marketing, purchasing, and development of such systems.

The report focuses on safety systems that are used for moderate to high-risk situations, which include SIL 2 and SIL 3 applications. Safety systems for SIL 1 applications are not included, as they are employed for lower risk situations only. In addition, the report does not include conventional control systems and field instruments. 

The market for process safety systems and services was impacted by the COVID-19 pandemic and transitions in the energy sector which is a large user of process safety systems. While quarantines did not shutdown most of the industries utilizing process safety systems, the closure of some factories, offices, schools, restaurants, sporting events, country and state borders resulted in a significant drop in travel and increased remote work. The price of oil was briefly negative, impacting oil prices; the use of electric power dropped. As we slowly get through this pandemic there are lasting changes that will impact the market. World decarbonization efforts mean that coal power plants continue to decline in all developed markets, and while the price of oil has recovered, the oil and gas industry has been very slow to resume spending. Chemicals remain constant, but supply chain issues threaten public consumption.

Process Safety Systems Strategic Issues

Safety Systems Market Trends

Both automation suppliers and end users strive to get more value from their process safety systems. Some key strategic issues covered in the report include:

Turn to Suppliers/Third Parties for Help

As many end user organizations downsized over the past two decades, many lost expertise from their in-house process automation groups. The aging workforce and retirements have also contributed to lost expertise. In many cases, users have supplanted this expertise cost-effectively using the services of knowledgeable SIS supplier personnel and/or engineering companies with safety expertise. 
Except for very large and sophisticated multinational corporations, end users should consider turning to third parties with both process safety and cybersecurity expertise to design and commission systems. Providing the proper degree of isolation between SIS and corporate network functions to ensure safety and security, while at the same time allowing appropriate information from the SIS to flow to enterprise networks, requires the knowledgeable use of information and operational technologies.

Get your System and Subcomponents Cybersecurity Certified

The ISA Security Compliance Institute (ISCI) now provides cybersecurity certification of industrial automation control systems by accrediting third parties to perform ISASecure certification evaluation. The program has been developed with a goal to accelerate the industry-wide improvement of cybersecurity for Industrial Automation and Control Systems. It will achieve this goal by offering a common industry-recognized set of device and process requirements that drive device security, simplifying procurement for asset owners and device assurance for equipment vendors.

The ISASecure certification program is similar in structure to the functional safety (IEC 61508) certification—a mature and broadly accepted program. The ISCI web page www.ISASecure.org describes how to participate in this organization and help its ongoing efforts. 

Recent cyber events have emphasized the importance of cybersecurity; however, there is a competing need for data and connectivity. Product designs need to address both. Designs also need to address not only the control hardware but the top-end software and communications, as well.

Risk: The Bigger Picture

Suppliers need to pivot the conversation from safety to risk. Risk is the language of corporate management, and it understands the ROI of risk. The sales scope also becomes larger in a risk conversation because more aspects of automation feed the risk equation, like maintenance and alarm management. Suppliers that don’t have an overall risk offering should look to partner with suppliers that can additively build out a risk portfolio and make risk near real-time and visible.

The risk equation needs to include cyber risks to aging safety assets, as well. Suppliers should discuss this risk with customers with older obsolete safety equipment which may genuinely have vulnerabilities.

Process Safety Systems 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
Annual Subscription Yes Yes

Countries included in each region.

Table of contents for these studies is shown in the following paragraphs.

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Industry Trends
  • Regional Trends
  • Strategies for Success

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
      • Fossil Fuel
      • Nuclear
    • 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
    • SIL-2
    • SIL-3
  • 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
      • Fossil Fuel
      • Nuclear
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Refining
  • Shipments by Safety Integrity Level
    • SIL-2
    • SIL-3
  • 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

For more information or to purchase the Process Safety Systems Market Research study, please contact us.

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