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.
This report contains market size and forecasts of Safety Instrumented System (SIS) in global, including the following market information:
Global Safety Instrumented System (SIS) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Safety Instrumented System (SIS) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Safety Instrumented System (SIS) companies in 2021 (%)
The global Safety Instrumented System (SIS) market was valued at 3758.6 million in 2021 and is projected to reach US$ 6457.8 million by 2028, at a CAGR of 8.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Sensor Segment to Reach $ Million by 2028, with a % CAGR in next six years.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Safety Instrumented System (SIS) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Safety Instrumented System (SIS) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Safety Instrumented System (SIS) Market Segment Percentages, by Type, 2021 (%)
Sensor
Logic Solver
Final Element
Global Safety Instrumented System (SIS) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Safety Instrumented System (SIS) Market Segment Percentages, by Application, 2021 (%)
Oil & Gas
Chemical Industry
Nuclear
Power Industry
Others
Global Safety Instrumented System (SIS) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Safety Instrumented System (SIS) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Safety Instrumented System (SIS) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Safety Instrumented System (SIS) revenues share in global market, 2021 (%)
Key companies Safety Instrumented System (SIS) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Safety Instrumented System (SIS) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Yokogawa
Emerson
INTECH Process Automation
Schneider Electrics
ABB
Honeywell
Siemens
Rockwell