Dublin, Aug. 31, 2023 (GLOBE NEWSWIRE) -- The "Safety Instrumented Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The analysis encompasses various geographic regions and includes market presence evaluations and key competitors across the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
The report covers different product types, such as Emergency Shutdown Systems, Fire and Gas Monitoring & Control, High Integrity Pressure Protection Systems, and end-uses including Chemicals & Petrochemicals, Oil & Gas, Power Generation, Food & Beverage, Pharmaceuticals, and more. It also offers insights into the competitive landscape in different regions.
Global Safety Instrumented Systems Market to Reach $6 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Safety Instrumented Systems estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$6 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.
Emergency Shutdown Systems (ESD), one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$2.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fire and Gas Monitoring & Control (F&GC) segment is readjusted to a revised 5.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 9.1% CAGR
The Safety Instrumented Systems market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Safety Instrumented Systems - Global Key Competitors Percentage Market Share in 2020 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
A selection of companies mentioned in this report includes
- ABB Group
- Emerson Electric Co.
- Honeywell Process Solutions
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/r/wng98e
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