Global Process Safety System Market in the Oil and Gas Industry 2023-2027

List of Tables

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

Onshore
Offshore

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.

Product Code: IRTNTR70714

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