Safety instrumented system (SIS) is a system designed to monitor dangerous conditions in a plant (operation unit) and take action in the event of a dangerous condition or a condition where if no action is taken it will cause danger.
Market Analysis and Insights: Global Safety Instrumented System (SIS) Market
Due to the COVID-19 pandemic, the global Safety Instrumented System (SIS) market size is estimated to be worth US$ 3999 million in 2022 and is forecast to a readjusted size of US$ 6488.2 million by 2028 with a CAGR of 8.4% during the review period. Fully considering the economic change by this health crisis, Sensor accounting for % of the Safety Instrumented System (SIS) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Oil & Gas segment is altered to an % CAGR throughout this forecast period.
China Safety Instrumented System (SIS) market size is valued at US$ million in 2021, while the US and Europe Safety Instrumented System (SIS) are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Safety Instrumented System (SIS) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Safety Instrumented System (SIS) include Yokogawa, Emerson, INTECH Process Automation, Schneider Electrics, ABB, Honeywell, Siemens and Rockwell, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Safety Instrumented System (SIS) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Safety Instrumented System (SIS) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Safety Instrumented System (SIS) Scope and Segment
Safety Instrumented System (SIS) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Safety Instrumented System (SIS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Sensor
Logic Solver
Final Element
Segment by Application
Oil & Gas
Chemical Industry
Nuclear
Power Industry
Others
By Company
Yokogawa
Emerson
INTECH Process Automation
Schneider Electrics
ABB
Honeywell
Siemens
Rockwell
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE