Process Safety Market Rebound

Wednesday, January 23, 2013 @ 09:01 PM gHale

The process safety systems market has come back after the world economic downturn, according to a new report.

“Process safety systems suppliers continue to cost reduce their hardware offerings and integrate their safety solutions with basic process control systems,” said Barry Young, principal analyst at ARC Advisory Group and researcher of a report entitled, “Process Safety Systems Global Market Research Study.”

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“Suppliers offering a truly integrated offering of process and safety are saving end users substantial project costs in engineering and lifecycle expense,” Young said.

The main automation contractor (MAC) business model for executing projects is finding a growing acceptance with integrated process safety systems. The lack of process safety experts requires creative project team sourcing with end users, suppliers, and specialty safety engineering firms.

New technology trends include smart configurable I/O and distributed safety system architectures.

New software tools are making the systems easier to implement. The past emphasis on controller architecture (Dual, TMR, QMR) has diminished with more emphasis now placed on the overall process safety system solution and certification.

In addition, cyber security’s importance is also a major play, especially for safety and security of industrial processes. Closer integration of safety and security in process safety systems will be a requirement, according to the report.

The following are some of the key strategic issues for success of the companies who deal with safety and critical control systems:
• Ignore the Duplex (Dual), TMR, QMR Arguments
• Look for industry expertise and project execution experience
• Offer certified safe sensors
• Integrate security with safety
• Get your system security certified

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