The Safety Instrumented Systems Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Safety Instrumented Systems Market?
The global market of safety instrumented systems has experienced considerable growth over the recent years. The market expanded from a size of $4.21 billion in 2024 and is projected to reach $4.53 billion in 2025, showing a compound annual growth rate (CAGR) of 7.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Safety Instrumented Systems Industry?
The Safety Instrumented Systems Global Market is predicted to grow to a size of $6.07 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.6%.
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What are the Key Growth Drivers Fueling the Safety Instrumented Systems Market?
The key drivers in the safety instrumented systems market are:
• Escalating emphasis on cybersecurity measures
• Development and expansion of process industries
• Accelerating urbanization and infrastructural development
• Upsurge in demand for scalable and modular solutions
• Growing focus on remote monitoring and maintenance methods
Global Market Segmentation: Identifying Major Safety Instrumented Systems Industry Segments
The safety instrumented systems market covered in this report is segmented –
1) By Type: Safety Switches, Safety Sensors, Emergency Stop Devices, Programmable Safety Devices
2) By Application: Emergency Shutdown Systems (ESS), Fire And Gas Monitoring and Control (F&GC), High Integrity Pressure Protection Systems (HIPPS), Burner Management Systems (BMS), Turbo Machinery Control, Other Applications
3) By End User: Energy And Power, Pharmaceutical, Mining, Food and Beverage, Oil And Gas, Chemical And Petroleum Refinery, Other End Users
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What are the Emerging Trends Shaping the Future of the Safety Instrumented Systems Market?
The key trends in the safety instrumented systems market are:
• Increasing focus on cybersecurity is shaping the future of the safety instrumented systems market.
• Adoption of IIoT (Industrial Internet of Things) and Industry 4.0 technologies is an emerging trend.
• The demand for functional safety solutions is rising.
• The adoption of wireless technologies and remote monitoring and management is influencing the market.
Who Are the Top Competitors & Leading Players in the Safety Instrumented Systems Market?
Major companies in the safety instrumented systems market are:
• Siemens AG
• General Electric Company
• Honeywell International Inc.
• Schneider Electric SE
• Schlumberger Limited
• ABB Ltd.
• Tyco International Plc
• Johnson Controls, Inc.
• Baker Hughes
• Emerson Electric Company
• Siemens AG
• OMRON Corporation
• Matrix Technologies Inc.
• Yokogawa Electric Corporation
• Endress+Hauser
• SIS-TECH Solutions LP
• HIMA Paul Hildebrandt GmbH
• Esoteric Automation
• SUPCON Group Co. Ltd.
• Consen Automation Control Ltd.
• HollySys Automation Technologies
• Idec Corporation
• General Monitors Ireland Limited
• Draegerwerk AG & Co. KGaA
• The ESAB Group Inc.
• Petrotechnics Ltd.
Regional Dominance: Which Area Leads the Global Safety Instrumented Systems Market?
North America was the largest region in the safety instrumented systems market in 2024
