Safe instrumentation market booming in automation industry: report

Friday, 26 October, 2007

Safety-rated process instrumentation is becoming one of the fastest growing segments of the automation industry, according to a report recently published by American engineering consulting firm Exida.

Titled Safety Process Measurement Instrumentation (SPMI), the report forecasts product sales at US$148 million in 2007 and growing to US$431 million by 2012, showing that end users are increasing their focus on instrumentation for safety applications.

Demand for SPMI is expected to grow significantly due to: increased focus on plant safety; the need for increased integrity of protective loops; and increased capital investments in market segments that have a high percentage of safety loops.

Exida said the report provides a comprehensive review of the SPMI market and will help manufacturers develop and refine their market strategies. The report is offered as a standalone product or combined with consulting support.

Related News

SICK partners with UR for cobot safety

SICK and Universal Robots (UR) have announced a safety solution for the safeguarding of...

ABB launches advanced mine hoist safety systems

Safety suite includes a SIL 3 certified mine hoist brake system, hoist monitor and hoist protector.

Nine new Australian hydrogen standards under development

Nine ISO standards are being adopted to assist Australia's energy transition and ensure its...


  • All content Copyright © 2021 Westwick-Farrow Pty Ltd