Market Trends of APAC Safety Instrumented Systems Industry
This section covers the major market trends shaping the APAC Safety Instrumented Systems Market according to our research experts:
Food and Beverage Hold the Major Market Share
- The food and beverage industry is becoming more automated as the population is growing. Other driving factors contributing to increased automation are the scarcity of suitable cheap labor, health and safety laws, and advancement in robotics.
- The food and beverage industry has a moral and regulatory obligation to safeguard its workers. The dangers vary from the clear and present, such as heavy machinery, toxic chemicals, and slippery surfaces, to the slower threats, such as dust inhalation, hearing loss, and repetitive strain injuries.
- Beverage giant Coca-Cola has observed increased demand for sugar-free and low-sugar beverages in the Southeast Asian region. This became even more pronounced after the COVID-19 pandemic hit.
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Surge in usage in oil and gas, chemical, and other industries
- The Asia Pacific region is expected to grow fastest due to rapidly increasing industrial activity, rising cost pressures and production rates, and favorable government policies in developing countries like China and India.
- Varying demands based on utilization have led manufacturers to produce new products for specific applications. In addition, an increase in the proliferation of safety instrumented systems has led to the development of advanced systems. Moreover, there has been a surge in the use of these systems in oil & gas, chemicals, and power industries as they help monitor its usage hours, multiple aspects of boiler control, stack temperature, boiler, and fuel efficiency, which plays a vital role in this industry.
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