Industrial Safety Au

Industrial Safety Automation Market

Report Code: SE 2977 May, 2024, by marketsandmarkets.com

The increasing demands from manufacturing expansion into China and India are fueling healthy growth in safety systems. The worldwide market is expected to grow at a healthy compounded annual growth rate (CAGR) in 2014. The process safety system market will be capable to involve into robust growth in the process safety systems marketplace through 2020 in an environment of increasing regulation, standards adoption, and new approaches to process safety. Process automation application players throughout the world view process safety systems as more than just a blackout system.

In today’s scenario, it is hard to imagine the industrial safety without automation systems. The demand for safety automation is expected to grow due to the increased requirements of high product quality, paired with expectations of equally reliable high volume production.

Industry safety automation includes all automation and instrumentation equipment that serve to control and monitor the various processes within the industries. Growing trends in automation is characterized by functional integration and geographic distribution. On the technical level, the goal is to easily connect devices and software components from different vendors. Functionally, there is a need for interoperability of control functions on different hierarchical levels ranging from field equipment to process control, operations management and various internet-based service applications. They also include non-process related measurement, control and monitoring systems such as storage tanks and utilities.

The industry segments that use automation are divided into Power, Automotive, Oil & Gas (Production and Transmission), Chemicals, Food & Beverage, Pulp & Paper, Plastics, Textiles, OEM’s and all Other (Stone, Clay and Glass, Semiconductor etc.).

There are various reasons for investing in automation; for instance, it serves to enhance the product quality in highly industrialized countries, improves the plant efficiency, and lowers emissions. Mastering mass production is the motive behind applying factory automation systems in the fast developing countries. High product quality, low power consumption, and the other environmental aspects are gaining importance in the present scenario.

Development of factory automation affects employment and capable of increasing the income of an enterprise or entire national economy, as demonstrated in manufacturing hubs like Germany and Japan. Emerging markets for factory automation include high growth industries in Brazil, China, India, and other developing Asian countries.

ABB LTD (Switzerland), Emerson Electric CO (U.S.), General Electric (U.S.), Honeywell International (U.S.), SEIMENS AG (Germany), Texas Instruments INC. (U.S.), Schneider Electric (France) and Yokogawa Electric CO. (Japan) are the key players in the industrial safety automation market.


Request for detailed table of content.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)

Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).
9 2 0 9 6  
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
SE 2977
Available for Pre-Book
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Industrial Safety Au
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback