Product Code: IRTNTR70714
Process Safety System Market In The Oil And Gas Industry 2023-2027
The process safety system market in the oil and gas industry is forecasted to grow by USD 146.51 mn during 2022-2027, accelerating at a CAGR of 3.18% during the forecast period. The report on the process safety system market in the oil and gas industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by improvement in operational efficiency, improving safety standards and related developments, and increasing emphasis on corporate social responsibility.
Market Scope |
Base Year | 2022 |
End Year | 2027 |
Series Year | 2023-2027 |
Growth Momentum | Accelerate |
YOY 2023 | 3.04% |
CAGR | 3.18% |
Incremental Value | $146.51mn |
Technavio's process safety system market in the oil and gas industry is segmented as below:
By Application
By Product
- Hardware
- Software
- Service
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the development of customized safety systems as one of the prime reasons driving the process safety system market in the oil and gas industry growth during the next few years. Also, emergence of robotic process automation in hazardous operations and adoption of new safety control systems in retrofit applications will lead to sizable demand in the market.
The report on the process safety system market in the oil and gas industry covers the following areas:
- Process safety system market in the oil and gas industry sizing
- Process safety system market in the oil and gas industry forecast
- Process safety system market in the oil and gas industry industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading process safety system market in the oil and gas industry vendors that include 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. Also, the process safety system market in the oil and gas industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
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 Geographical Landscape
- 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 Geographical Landscape 2022-2027 (%)
- Exhibit 64: Data Table on Market share By Geographical Landscape 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 Geographical Landscape
- Exhibit 107: Market opportunity By Geographical Landscape ($ million)
- Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ 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