Concerns over Personnel Safety to Boost Growth of Process Safety Systems in Oil and Gas Market

Published On : 14 Nov 2016 has announced the addition of a new market intelligence report to its market research reports repository. The publication is titled “Global Process Safety System in the Oil and Gas Market Research Report 2016.” The market intelligence report presents a brief overview of the global process safety system in the oil and gas market coupled with the recognized trends. 

An evaluation of the factors that are likely to inhibit or boost the growth of the global process safety system in the oil and gas market has been provided in the study. To present a clear understanding of the market, the report utilizes various tools to evaluate the competitive landscape. It presents information on the estimated volume and revenue growth of the market along with the degree of exit and entry barriers. The leading companies and their shares, products, and marketing strategies have also been mentioned in the report. 

Process safety systems are designed with the objective to protect the environment and personnel when plant operations go beyond the set control margins. Several types of process safety systems are deployed in industries such as burner gas management safety systems and gas and fire safety systems. These process safety systems have applications in pharmaceutical, power, refining, chemicals, and oil and gas industries. Numerous industries install these process safety systems to enhance their operational proficiency and protect the operations of their plants during an emergency. Additionally, the effective installation of these systems can enable organizations to increase production uptime, maintain compliance, and control the downtime. 

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The report lays special emphasis on process safety systems in the oil and gas industry. The primary driver of the global process safety system market is the need for replacing the present industrial infrastructure in the sector. One of the key upcoming trends in this market is the implementation of the automation contractor concept in the oil and gas industry. 

The first section of the report highlights the products offered by the manufacturers of process safety systems. It also presents an assessment of all the segments of the global process safety systems in the oil and gas market. The various applications of these systems in the oil and gas market have also been mentioned in the first chapter of the report. 

The second section of the study delves into manufacturers of process safety systems and the overall manufacturing process. The mergers, acquisitions, and expansion strategies of the various companies have also been evaluated in the report. Further, the study discusses the industrial chain, sourcing strategies, downstream buyers, marketing strategies, market position, and pricing strategies. 

The key regions covered in the report are India, Southeast Asia, Japan, China, Europe, and North America. Some of the leading companies operating in the market are ABB, Honeywell, Siemens, Rockwell Automation, Yokogawa Electric, and General Electric. 


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