Market Share of NA Safety Instrumented Systems Industry
The North American safety instrumented systems market is moderately competitive with several major players like Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Company, etc. A few significant players currently dominate in terms of market share. With a prominent share in the market, these major players are focusing on expanding their customer base across other countries. These companies leverage strategic collaborative initiatives to increase their market share and profitability. The competition, rapid technological advancements, and frequent changes in consumer preferences are expected to threaten the market's growth during the forecast period.
- January 2023 - Rockwell Automation Inc., the largest company in the world specializing in industrial automation and digital transformation, announced that it had been selected to provide the automation and Integrated Control and Safety Systems (ICSS) systems for P-79, an FPSO vessel in the Petrobras fleet. Rockwell Automation Technology and Sensia Solutions were chosen for their well-established histories in the oil and gas industry and their robust interconnectivity.
North America Safety Instrumented Systems Market Leaders
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Rockwell Automation Inc.
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Emerson Electric Co.
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Honeywell International Inc.
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SIS-TECH Solutions LP
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Schlumberger Limited
*Disclaimer: Major Players sorted in no particular order
