Safety Instrumented Systems Market by Component & Application

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MarketsandMarkets Presents
Safety Instrumented Systems Market worth 3.76
Billion by 2020
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fety-instrumented-system-market-19720540.html
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According to a new market research Safety
Instrumented Systems Market by Component
(Switches, Sensors, and Programmable Safety
Devices), by Product (ESD, FG, and HIPPS), by
Application (Chemical, Oil Gas, and Power
Generation), and by Geography - Global Trends
Forecasts to 2014 - 2020 , the total safety
instrumented systems market was valued at 2.03
billion in 2014 and is expected to reach 3.76
billion by 2020, at an estimated CAGR of 11.06
between 2015 and 2020. http//www.marketsandmark
ets.com/Market-Reports/safety-instrumented-system-
market-19720540.html Browse 73 Market Data
Tables 80 Figures 199 pagesEarly buyers will
receive 10 customization on this report.
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The operation of many industrial processes
involves characteristic risks due to the
dangerous materials involved such as gases and
chemicals. Safety instrumented systems (SIS) are
explicitly designed to protect personnel,
equipment, and the environment by minimising the
likelihood (frequency) or the impact severity of
an identified emergency event. Safety regulations
by government have led to a significant growth in
safety instrumented products. Machine safety
regulations such as EU Machinery Directives and
North Americas OSHA standards have been strong
drivers for the growth of the SIS market. In the
report, this market has been categorized on the
basis of products, namely emergency shutdown
systems, fire and gas monitoring and control,
high integrity pressure protection systems,
burner management systems, and turbo machinery
and control. The emergency shutdown system
accounted for the largest share of 39 of the
overall SIS market, as of 2014. The report also
covers key application sectors of the SIS market,
including  chemical, refining, oil gas,
pharmaceutical biotech, paper pulp, metal and
mining, water wastewater, food and beverage
manufacturing, and power generation. Among all
the applications, oil and gas is expected to be
the largest contributor to the overall SIS
market.
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fety-instrumented-system-market-19720540.html
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The SIS market for different geographic regions,
including the Americas, Europe, Asia-Pacific, and
the Rest of the World (RoW), has also been
covered in the report. Europe comprised the
largest market for SIS as of 2014, while APAC is
expected to grow at the highest CAGR among all
the regions during the forecast period. The
report profiles the major players in the SIS
market along with their SWOT analysis. The market
has been witnessing a series of new product
launches and partnerships across the value chain.
The key players in this industry include ABB Ltd.
(Switzerland), Emerson Process Management (U.S.),
General Electric Company (U.S.), HIMA Paul
Hildebrandt GmbH (Germany), Honeywell
International, Inc. (U.S.), Schneider Electric SE
(France), Rockwell Automation (U.S.), Siemens AG
(Germany), Yokogawa Electric Corporation (Japan),
OMRON Corporation (Japan), Johnson Controls, Inc.
(U.S.), Tyco International Plc (Switzerland), and
others.
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fety-instrumented-system-market-19720540.html
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