Press release
Process Safety System Market - Oil and Gas to Remain Attractive End-use Segment due to Ageing of Existing Safety Systems
Request Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=34799
Some prominent participants in the global process safety system market are ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., HIMA Paul Hildebrandt GmbH, Intergraph Corporation, Schneider Electric SE, Rockwell Automation Inc., Siemens AG, and Yokogawa Electric Corporation among others.
As per estimates of TMR report, the global process safety system market will be valued at US$5,287.8 mn by 2025 progressing at a CAGR of 7.0% between 2017 and 2025.
The key application segments of the global process safety system market include burner management system (BMS), high integrity pressure protection system (HIPPS), emergency shutdown (ESD), turbo machinery control (TMC), and others. Of them, ESD held the leading market share in 2016 and is also expected to display the leading CAGR over the forecast period.
In terms of end-use, oil and gas currently accounts for the leading share in terms of revenue and is anticipated to hold on to its leading position over the forecast period. Geography-wise, North America stood as the most lucrative market for process safety system amongst all in 2016.
Obtain Report Details @ https://www.transparencymarketresearch.com/process-safety-system-market.html
The global process safety system market is primarily driven by measures for safe operational practices in process industries. Process safety ensures prevention of explosions, accidental chemical releases, and fires in chemical or other hazardous industries. The adoption a of process safety system safeguards operational disruption due to spills, equipment malfunction, over-temperature, over-pressure, metal fatigue, corrosions, leaks, and other similar conditions.
As per standards defined by the Occupational Safety and Health Administration (OSHA) and Environmental Protection Agency (EPA), process safety systems are significant for end to end operational efficiency and safety consideration of business processes. Due to this, process safety management is a regulation that is endorsed by the U.S. Occupational Safety and Health Administration. In particular, for industries that stores and processes hazardous materials, a good safety plan is mandatory to reduce risk of accidents.
Browse Press Release of this Research Report@ https://www.transparencymarketresearch.com/pressrelease/process-safety-system-market.htm
Negligence to Adopt Contingency Measures for Process Pitfalls Crimps Growth
However, lack of awareness of accidents due to process pitfalls and insufficient efforts for the deployment of process safety system to reduce process-safety related accidents is challenging this market’s growth. Nevertheless, ample opportunities for process safety system providers to raise awareness among end users about the significance of process safety system will bode well for the market’s growth.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Process Safety System Market - Oil and Gas to Remain Attractive End-use Segment due to Ageing of Existing Safety Systems here
News-ID: 967170 • Views: …
More Releases from Transparency Market Research
NOR Flash Market Outlook 2035: Automotive Electronics-Driven Growth to US$ 11.5 …
The global NOR Flash Market(https://www.transparencymarketresearch.com/nor-flash-market.html) was valued at US$ 2.6 Bn in 2024 and is projected to reach US$ 11.5 Bn by 2035, expanding at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2035. This sustained growth trajectory reflects the rising importance of reliable, fast-boot, and high-endurance non-volatile memory in embedded systems. Unlike data-centric storage technologies, NOR Flash remains indispensable for code storage, firmware execution, and mission-critical…
Palm Oil Market to Reach USD 121.2 Billion by 2035, Driven by Rising Food and Bi …
Palm oil is one of the most widely consumed vegetable oils in the world and plays a critical role in the global food, cosmetics, biofuel, and chemical industries. Extracted from the fruit of oil palm trees (Elaeis guineensis), palm oil is valued for its high yield, cost efficiency, and versatile applications. It is used extensively in processed foods, bakery products, personal care items, detergents, pharmaceuticals, and biodiesel.
The global palm oil…
Retimer Market to Reach US$ 4.2 Billion by 2035, Driven by Hyperscale Data Cente …
The global retimer market was valued at US$ 1.3 Billion in 2024 and is projected to reach US$ 4.2 Billion by 2035, expanding at a robust CAGR of 18.0% from 2025 to 2035. The market's rapid growth is primarily driven by the expansion of hyperscale data centers and cloud infrastructure, alongside accelerating adoption of high-speed interconnect standards such as PCIe, CXL, and next-generation Ethernet.
Access key findings and insights from our…
Dengue Testing Market to Reach USD 939.8 Mn by 2035, Expanding at a CAGR of 4.6% …
The global Dengue Testing Market was valued at US$ 573.1 Mn in 2024 and is projected to reach US$ 939.8 Mn by 2035, expanding at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2035. This steady growth trajectory reflects the rising global burden of dengue fever, increasing diagnostic awareness, and continuous advancements in testing technologies.
Access key findings and insights from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=65456
Dengue has…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
