Process Safety System Market in the Oil and Gas Industry by Application, Product and Geography - Forecast and Analysis 2023-2027
| Published: Aug 2023 | Pages: 176 | SKU: IRTNTR70714 |
Process Safety System Market in the Oil and Gas Industry Analysis Report 2023-2027
The process safety system market in the oil and gas industry size is estimated to grow at a CAGR of 3.18% between 2022 and 2027. The market size is forecast to increase by USD 146.51 million. The growth of the market depends on several factors, such as improvement in operational efficiency, improving safety standards, and the related developments and the increasing emphasis on corporate social responsibility.
This report extensively covers market segmentation by application (onshore and offshore), product (hardware, software, and service), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
What will be the Size of the Process Safety System Market In The Oil And Gas Industry During the Forecast Period?
Process Safety System Market in the Oil and Gas Industry Forecast 2023-2027
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Process Safety System Market in the Oil and Gas Industry Dynamics
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the market's growth during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Driver- Improvement in operational efficiency
The optimization of processes and workflows to achieve higher productivity, minimal costs, and enhanced overall performance is referred to as operational efficiency. The implementation of the advanced process safety systems enables centralized monitoring, control, and automation of critical operations.
Moreover, the main advantage of such integration is that it helps to streamline processes, reduces manual interventions, and improves overall efficiency. Additionally, the incorporation of predictive maintenance capabilities in process safety systems enables operators to anticipate equipment failures and schedule maintenance activities proactively. Hence, such factors are expected to positively impact the market which in turn will drive the market growth during the forecast period.
Trends - Emergence of robotic process automation in hazardous operations
There has been an increasing advancement in robotic automation (RA) over the last few years. Additionally, there is an increasing adoption of the RA systems as they are more accurate and flexible than human beings as well and they help to enhance security and compliance and are capable of operating 24/7.
Moreover, these robotic automation (RA) systems are extensively used in harsh terrain, especially in oil and gas, mining, and nuclear power plants. Furthermore, the efficiency of RA systems in high-demand, highly scalable operations is fuelling the demand for such systems which in turn will drive the market growth during the forecast period.
Challenge - Shortage of skilled labor to maintain and operate automation systems
There is a significant shortage of skilled laborers to maintain and operate automation systems coupled with process safety systems which significantly impacts the market players and end-users. Additionally, it has become very important for r safety system operators to have the knowledge as well as the technical ability to work on these systems, especially in developing countries.
Moreover, the decline in the number of skilled laborers is limiting the adoption of process safety systems across several industries mainly in developing countries. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period.
Process Safety System Market in the Oil and Gas Industry Segmentation by Application, Product, and Geography
Application Segment Analysis:
The onshore segment is estimated to witness significant growth during the forecast period. The onshore segment in the process safety system market in the oil and gas industry comprises the implementation of different safety measures and technologies to avoid and mitigate potential hazards and accidents in the production, refining, and processing of oil and gas onshore facilities. Process safety systems play a major role in the oil and gas industry to safeguard personnel, the environment, and assets.
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The onshore segment was the largest segment and was valued at USD 544.89 million in 2017. There is an increasing adoption of process safety systems in onshore applications as they help to identify, prevent, and manage incidents that could result in accidents, explosions, fires, and other hazardous situations. The onshore segment comprises several processes, from drilling and production to refining and distribution. Furthermore, it is essential for the onshore segment to comply with different safety regulations and standards, which can differ by location and jurisdiction. As there is an increase in energy demand, it is expected to increase the demand for need for safe and efficient onshore oil and gas operations. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Product Segment Analysis:
Based on product, the segment is classified into hardware, software, and service. The hardware segment of the global process safety system market comprises emergency shutdown systems, fire and gas systems, burner management systems, TMC, HIPPS, and other field devices including automated valves, advanced controllers, safety interlocks, and communication devices. Factors such as rapidly increasing oil terminals and increasing competition among oil storage providers to tap new opportunities is expected to significantly contribute to the growth of this segment. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Regional Analysis
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North America is estimated to contribute 32% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. One of the main factors that are significantly contributing to the growth of the process safety system in the oil and gas market in North America is the increase in crude oil production in the US and Canada. Additionally, there are several advancements in technology including a combination of hydraulic fracturing and horizontal drilling in the oil and natural gas industry is positively impacting the market growth in the region.
Furthermore, several countries such as the US, Canada, and Mexico are establishing solar plants to meet their energy needs which in turn will increase the demand for process safety systems. For example, the Occupational Safety and Health Administration (OSHA) is a prominent regulatory agency of the United States Department of Labor committed to safeguarding worker health and safety and protecting workers from health and safety hazards on the job. Hence, such factors are expected to drive the market growth in the region during the forecast period.
COVID Recovery Analysis:
In 2020, during the COVID-19 pandemic, the growth of the global process safety system market witnessed a significant slowdown due to the temporary closure of oil and gas production units as well as disruption of the supply chain of production of petroleum products in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of operations on several delayed oil and gas pipeline projects. Such factors are expected to drive the market during the forecast period.
Who are the Major Process Safety System Market in the Oil and Gas Industry Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd: The company offers process safety system solutions such as system 800xA high integrity, independent high integrity, and safety system evolution.
Bureau Veritas SA: The company offers a process safety system that focuses on the concerns of major hazards impacting safety, environmental damage, and business losses.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Emerson Electric Co., General Electric Co., Halma Plc, HIMA GmbH, Honeywell International Inc., Intertek Group Plc, Johnson Controls International Plc, Pentair Plc, Primatech Inc, Rockwell Automation Inc., RTP Co., Schneider Electric SE, SGS SA, Siemens AG, TUV SUD AG, Yokogawa Electric Corp., Hexagon AB, and OMRON Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The process safety system market in the oil and gas industry report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Application Outlook (USD Million, 2017 - 2027)
- Onshore
- Offshore
- Product Outlook (USD Million, 2017 - 2027)
- Hardware
- Software
- Service
- Geography Outlook (USD Million, 2017 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- North America
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Process Safety System Market In The Oil And Gas Industry Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.18% |
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Market growth 2023-2027 |
USD 146.51 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.04 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
North America at 32% |
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Key countries |
US, Canada, Saudi Arabia, China, and Russia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Bureau Veritas SA, Emerson Electric Co., General Electric Co., Halma Plc, HIMA GmbH, Honeywell International Inc., Intertek Group Plc, Johnson Controls International Plc, Pentair Plc, Primatech Inc, Rockwell Automation Inc., RTP Co., Schneider Electric SE, SGS SA, Siemens AG, TUV SUD AG, Yokogawa Electric Corp., Hexagon AB, and OMRON Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Process Safety System Market In The Oil And Gas Industry Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the process safety system market in the oil and gas industry between 2023 and 2027
- Precise estimation of the process safety system market in the oil and gas industry size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of the process safety system market companies in the oil and gas industry
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global process safety system market in the oil and gas industry market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global process safety system market in the oil and gas industry market 2017 - 2021 ($ million)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Onshore - Market size and forecast 2022-2027
- Exhibit 34: Chart on Onshore - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Onshore - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Onshore - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Onshore - Year-over-year growth 2022-2027 (%)
- 6.4 Offshore - Market size and forecast 2022-2027
- Exhibit 38: Chart on Offshore - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Offshore - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Offshore - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Offshore - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ million)
- Exhibit 43: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 44: Chart on Product - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 46: Chart on Comparison by Product
- Exhibit 47: Data Table on Comparison by Product
- 7.3 Hardware - Market size and forecast 2022-2027
- Exhibit 48: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Hardware - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
- 7.4 Software - Market size and forecast 2022-2027
- Exhibit 52: Chart on Software - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Software - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Software - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Software - Year-over-year growth 2022-2027 (%)
- 7.5 Service - Market size and forecast 2022-2027
- Exhibit 56: Chart on Service - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Service - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Service - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Service - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Product
- Exhibit 60: Market opportunity by Product ($ million)
- Exhibit 61: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Russia - Market size and forecast 2022-2027
- Exhibit 95: Chart on Russia - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Russia - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Russia - Year-over-year growth 2022-2027 (%)
- 9.11 Canada - Market size and forecast 2022-2027
- Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.12 Saudi Arabia - Market size and forecast 2022-2027
- Exhibit 103: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 ABB Ltd.
- Exhibit 115: ABB Ltd. - Overview
- Exhibit 116: ABB Ltd. - Business segments
- Exhibit 117: ABB Ltd. - Key news
- Exhibit 118: ABB Ltd. - Key offerings
- Exhibit 119: ABB Ltd. - Segment focus
- 12.4 Bureau Veritas SA
- Exhibit 120: Bureau Veritas SA - Overview
- Exhibit 121: Bureau Veritas SA - Business segments
- Exhibit 122: Bureau Veritas SA - Key news
- Exhibit 123: Bureau Veritas SA - Key offerings
- Exhibit 124: Bureau Veritas SA - Segment focus
- 12.5 Emerson Electric Co.
- Exhibit 125: Emerson Electric Co. - Overview
- Exhibit 126: Emerson Electric Co. - Business segments
- Exhibit 127: Emerson Electric Co. - Key news
- Exhibit 128: Emerson Electric Co. - Key offerings
- Exhibit 129: Emerson Electric Co. - Segment focus
- 12.6 General Electric Co.
- Exhibit 130: General Electric Co. - Overview
- Exhibit 131: General Electric Co. - Business segments
- Exhibit 132: General Electric Co. - Key news
- Exhibit 133: General Electric Co. - Key offerings
- Exhibit 134: General Electric Co. - Segment focus
- 12.7 Halma Plc
- Exhibit 135: Halma Plc - Overview
- Exhibit 136: Halma Plc - Business segments
- Exhibit 137: Halma Plc - Key news
- Exhibit 138: Halma Plc - Key offerings
- Exhibit 139: Halma Plc - Segment focus
- 12.8 Honeywell International Inc.
- Exhibit 140: Honeywell International Inc. - Overview
- Exhibit 141: Honeywell International Inc. - Business segments
- Exhibit 142: Honeywell International Inc. - Key news
- Exhibit 143: Honeywell International Inc. - Key offerings
- Exhibit 144: Honeywell International Inc. - Segment focus
- 12.9 Johnson Controls International Plc
- Exhibit 145: Johnson Controls International Plc - Overview
- Exhibit 146: Johnson Controls International Plc - Business segments
- Exhibit 147: Johnson Controls International Plc - Key news
- Exhibit 148: Johnson Controls International Plc - Key offerings
- Exhibit 149: Johnson Controls International Plc - Segment focus
- 12.10 OMRON Corp.
- Exhibit 150: OMRON Corp. - Overview
- Exhibit 151: OMRON Corp. - Business segments
- Exhibit 152: OMRON Corp. - Key news
- Exhibit 153: OMRON Corp. - Key offerings
- Exhibit 154: OMRON Corp. - Segment focus
- 12.11 Pentair Plc
- Exhibit 155: Pentair Plc - Overview
- Exhibit 156: Pentair Plc - Business segments
- Exhibit 157: Pentair Plc - Key news
- Exhibit 158: Pentair Plc - Key offerings
- Exhibit 159: Pentair Plc - Segment focus
- 12.12 Primatech Inc
- Exhibit 160: Primatech Inc - Overview
- Exhibit 161: Primatech Inc - Product / Service
- Exhibit 162: Primatech Inc - Key offerings
- 12.13 Rockwell Automation Inc.
- Exhibit 163: Rockwell Automation Inc. - Overview
- Exhibit 164: Rockwell Automation Inc. - Business segments
- Exhibit 165: Rockwell Automation Inc. - Key news
- Exhibit 166: Rockwell Automation Inc. - Key offerings
- Exhibit 167: Rockwell Automation Inc. - Segment focus
- 12.14 RTP Co.
- Exhibit 168: RTP Co. - Overview
- Exhibit 169: RTP Co. - Product / Service
- Exhibit 170: RTP Co. - Key offerings
- 12.15 Schneider Electric SE
- Exhibit 171: Schneider Electric SE - Overview
- Exhibit 172: Schneider Electric SE - Business segments
- Exhibit 173: Schneider Electric SE - Key news
- Exhibit 174: Schneider Electric SE - Key offerings
- Exhibit 175: Schneider Electric SE - Segment focus
- 12.16 Siemens AG
- Exhibit 176: Siemens AG - Overview
- Exhibit 177: Siemens AG - Business segments
- Exhibit 178: Siemens AG - Key news
- Exhibit 179: Siemens AG - Key offerings
- Exhibit 180: Siemens AG - Segment focus
- 12.17 Yokogawa Electric Corp.
- Exhibit 181: Yokogawa Electric Corp. - Overview
- Exhibit 182: Yokogawa Electric Corp. - Product / Service
- Exhibit 183: Yokogawa Electric Corp. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 184: Inclusions checklist
- Exhibit 185: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 186: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 187: Research methodology
- Exhibit 188: Validation techniques employed for market sizing
- Exhibit 189: Information sources
- 13.5 List of abbreviations
- Exhibit 190: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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process safety system market in the oil and gas industry market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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