As the global economy recovers in 2021 and the supply of the industrial chain improves, the Safety Instrumented System market will undergo major changes. The latest research shows that the Safety Instrumented System industry market size will be 3622 million US dollars in 2021, and will grow to 5299 million US dollars in 2027, with an average annual growth rate of 5.57%.

The global Safety Instrumented System industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.

The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Safety Instrumented System market during the next few years. The global Safety Instrumented System market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.

Highlights-Regions

The Safety Instrumented System market can be split based on product types, major applications, and important regions as follows:

North America
Europe
Asia Pacific
Latin America

Player list
Rockwell Automation Inc.
Emerson Electric Company
Honeywell International Inc.
Yokogawa Electric Corporation
ABB Ltd

Types list
Emergency Shutdown Systems (ESD)
Fire and Gas Monitoring and Control (F&GC)
High Integrity Pressure Protection Systems (HIPPS)
Burner Management Systems (BMS)
Turbo Machinery Control
Other Applications

Application list
Chemicals and Petrochemicals
Power Generation
Pharmaceutical
Food and Beverage
Oil and Gas
Other End Users