Process safety refers to the protection of property and people from catastrophic and episodic incidents that may result from unexpected or unplanned deviations in process conditions. Process safety services help customers in meeting their health, safety, and environmental compliance needs in a systematic manner.
Major services offered by the process safety services market include consulting, auditing, training, and certification. Process safety service providers offer a mechanism for understanding and controlling the risks associated with processes as well as assistance in increasing productivity and reliability, improving safety and security, and enhancing overall business performance.
Increasing global awareness regarding employee and process safety and growing safety demands in oil & gas, and chemical industry
Safety service management and sustainability solutions are increasingly adopted by companies to tackle issues related to process safety, irrespective of the industry size, with the underlying fact that more regulations and compliances are directed by the governing authorities. Moreover, enforcement of various government standards for the safety of employees is compelling enterprises to train their employees for safe and healthy working conditions. This is ultimately resulting in escalating the market growth.
Therefore, increasing global awareness regarding employee and process safety is a crucial factor boosting the growth of the process safety services market across the world. Furthermore, growing safety demands in oil & gas, and chemical industry is also likely to fuel the growth of this market. As oil well locations become more environmentally sensitive and remote, it has become imperative to maintain strict contingency plans in case of an emergency shutdown. Hence, process safety systems are being adopted in the oil & gas industry to ensure safety of personnel and the environment.
Process Safety Services Market: Scope of the Report
The global market for process safety services has been segmented on the basis of services, solution, industry, and geographic regions. In terms of services, the market is segmented into consulting, auditing, certification, and training. Based on solution, the market is segmented into compliance management, process hazard analysis (PHA), safety instrumented system (SIS), dust hazard analysis (DHA), risk management programs (RMP), facility siting, audits, incident investigation and response, mechanical integrity, PSM program implementation, and others (data analytics, special projects).
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