Global Process Safety Systems Market 2019 – Demand from Oil and Gas Industry Drives the Growth Says a Research Report at ReportsnReports.com

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Global Process Safety Systems Market 2015-2019 is a new industry research report which profiles key players like ABB Group, Honeywell International Inc., Rockwell Automation Inc., Siemens AG and Yokogawa Electric Corp.

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Growth in the main automation contractor concept is one major trend upcoming in the Process Safety Systems market. This creates huge opportunities for automation manufacturers. End-users are increasingly banking on automation manufacturers to be Main Automation Contractors that can provide them with complete solutions to all their automation requirements. The MAC is responsible for coordinating, installing, and maintaining all automation and related activities for end-users, including installation of process safety systems.

Analysts forecast the Global Process Safety Systems market to grow at a CAGR of 6.77% over the period 2014-2019. According to the report, the Global Process Safety Systems market is mainly driven by the growing demand for safety systems from the Oil and Gas industry. Also, increased process automation by end-users has resulted in huge opportunities for the market.

Further, the report states that end-user market maturity in Europe and North America pose a threat to the growth of this market. Lack of skilled labor to operate and maintain automation systems that include process safety systems affect automation providers. However, the presence of multinational automation providers in these regions reduces the effect of this challenge.

The Global Process Safety Systems market can be segmented into the following: Hardware, Software, and Services.

Global Process Safety Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, the Americas, and the EMEA region; it also covers the Global Process Safety Systems market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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The report recognizes the following companies as the key players in the Global Process Safety System Market: ABB Group, Honeywell International Inc., Rockwell Automation Inc., Siemens AG and Yokogawa Electric Corp.

Other Prominent Vendors in the market are: Emerson Electric, GE and Schneider Electric.

Process safety systems protect personnel and property in processing industries. They are generally used to prevent fires, explosions, and accidental release of chemicals or other hazardous materials in industries such as Oil and Gas, Chemicals and Petrochemicals, and Power. A safety system typically comprises engineered hardware and software controls.

Browse other reports on Energy and Power Market at http://www.reportsnreports.com/market-research/energy-and-power-supplies/

List of Exhibits:
Exhibit 1: Global Process Safety Systems Market by End-user Segmentation 2014
Exhibit 2: Global Process Safety Systems Market by Product-type 2014
Exhibit 3: Market Research Methodology
Exhibit 4: Global Process Safety Systems Market 2014-2019 (US$ billion)
Exhibit 5: Global Process Safety Systems Market by Product-type: Market Share 2014
Exhibit 6: Global Process Safety Systems Market by Product-type: Market Share 2019
Exhibit 7: Global Process Safety Systems Market by Product-type: Revenue 2014-2019
Exhibit 8: Global Process Safety Systems Market by Product-type: Hardware 2014-2019
Exhibit 9: Global Process Safety Systems Market by Product-type: Software 2014-2019
Exhibit 10: Global Process Safety Systems Market by Product-type: Services 2014-2019
Exhibit 11: Global Process Safety Systems Market by End-users: Market Share (2014)
Exhibit 12: Global Process Safety Systems Market by End-users: Market Share (2019)
Exhibit 13: Global Process Safety Systems Market by End-user segmentation 2014-2019
Exhibit 14: Global Process Safety Systems Market by End-users: Oil & Gas Industry 2014-2019 (US$ billion)
Exhibit 15: Global Process Safety Systems Market by End-users: Chemical & Petrochemical Industry 2014-2019 (US$ billion)
Exhibit 16: Global Process Safety Systems Market by End-users: Power Industry 2014-2019 (US$ billion)
Exhibit 17: Global Process Safety Systems Market by Geographical Segmentation 2014-2019
Exhibit 18: Global Process Safety Systems Market by Geographical Segmentation: Market Share 2014
Exhibit 19: Process Safety Systems Market in the APAC Region 2014-2019
Exhibit 20: Process Safety Systems Market in the EMEA Region 2014-2019

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