Safety Regulations Push Growth in Europe

Wednesday, January 26, 2011 @ 07:01 PM gHale

As automation in the process industry increases in Europe, companies will focus on strong safety systems to prevent any adverse occurrences.

The European process safety market shows revenues of $459.3 million in 2010 and estimates should reach $632.4 million in 2016, according to a new study by Frost & Sullivan, entitled “Strategic Analysis of the European Process Safety Market.

It is no secret manufacturers need to maintain continuous production to meet increasing consumer demands, according to the report. In order to prevent plant breakdowns, end users need integrated safety solutions, which prevent the breakdown of controls as well as their processes.

Suppliers of safety systems introduced custom-made solutions that integrate plant controls and safety functions, thereby reducing the human factor. As a result, there is a reduction in the potential for human-enforced errors.

“End users are facing intensifying pressure from regulatory bodies to comply with strict safety issues,” said Frost & Sullivan Research Analyst Katarzyna Owczarczyk. “Many end-user organizations have to meet safety regulations to provide safer working environments. The increased awareness of health and safety regulations is propelling the growth of the safety systems market.”

Moreover, with increasing plant assets deployed across various regions, there needs to be control from one focal point to monitor and to make quick decisions. Implementation of separate layers of protection and provision of proper maintenance over a period of time will be the key to the emergence of new markets.

The cost of a system has always been a critical factor as it can change the purchase dynamics. The higher cost remains a challenge for the safety systems manufacturers who have been trying to inform the end users about the cost-benefit analysis of the Safety Instrumented System (SIS) in comparison to conventional forms of safety.

The safety system manufacturers have taken a number of initiatives to help the end user understand the benefits of SIS usage. The various benefits experienced by the end user by using state-of-the-art SIS include, lower cost of maintenance, which contributes to a lesser cost of ownership, and a lowered number of plant shutdowns, hence, reduced process downtimes.

“All these benefits contribute to faster return on investment,” Owczarczyk said. “The initiatives taken by manufacturer are impacting the end-user acceptance of the SIS, which is clearly reflected by the double digit growth rates of the market.”

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