The safety instrumented systems market was valued at USD 3.1 billion in 2019 and is expected to reach USD 6.9 billion in 2025 with a CAGR of 12% over the forecast period from 2020 to 2025. The adoption of Industry 4.0 is expected to bring about the following technological changes. Safety system. In July 2018, the International Society of Automation (ISA) announced that it had published a new book covering the entire life cycle of a safety instrumented system (SIS), including specification, design, analysis, programming, installation, maintenance, and change management.
A full report of Safety Instrumented System Market is available at: https://www.orionmarketreports.com/safety-instrumented-system-market/41286/
Global Safety Instrumented System Market Segmentation:
By Component
• Sensors
• Switches
• Programmable Devices
• Actuators and Valves
• Other Components
By Application
• Emergency Shutdown Systems (ESD)
• Fire and Gas Monitoring and Control (F&GC)
• High Integrity Pressure Protection Systems (HIPPS)
• Burner Management Systems (BMS)
• Turbo Machinery Control
• Other Applications
By End User
• Chemicals and Petrochemicals
• Power Generation
• Pharmaceutical
• Food and Beverage
• Oil and Gas
• Other End Users
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Safety Instrumented System Market Report
• What was the Safety Instrumented System Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Safety Instrumented System Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Safety Instrumented System Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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