Frost & Sullivan says Safety Systems Market growing in SE Asia

May 08, 2008
News

Summary

SINGAPORE - Increasing foreign investments in SE Asia demand for certified safety systems in process industries. Stringent safety norms and regulations have driven the process industries in SE Asia to invest on safety system. Safety system in SE Asia is in its growing stage which is primarily driven by oil and gas, chemicals and other process industries. The level of awareness varies from country to country in SE Asia, since the region is highly diversified. It is witnessed that during the forecast period, safety system market in SE Asia will have a significant growth rate. Industries install safety systems not only as a preventive measure to avert accidents but see that as an opportunity for increasing profitability and productivity. Increasing awareness among the industries has accelerated the growth of the safety systems market in SE Asia. Fast growing industries like oil and gas, chemicals and petrochemicals in SE Asia are prone to cause accidents which greatly create an increased need for certified safety systems. Due to this, intense competition among safety system providers in SE Asia is predicted. Integration of wireless technology with safety system will be the prime area of focus in coming years. Frost & Sullivan's Electronics & Security Practice in Asia Pacific will host an exclusive live briefing on the Safety Systems market in Southeast Asia on May 15, 2008 at 11:00 hrs (GMT+ 08:00hrs) Singapore time. This analyst briefing will provide an overview of the Southeast Asian safety systems market and a breakdown of its key applications, benefits, drivers and restraints. Highlights of the briefing include an analysis of market trends, safety norms, SE Asian customer requirements from a safety system provider, market sizing in percentage based on applications and end users and recommendations to safety system suppliers. We will also provide an update of related and upcoming research and provide an opportunity for a question and answer session with the analyst. This briefing will benefit safety system manufacturers, distributors, system integrators, safety engineers, process maintenance and service engineers, procurement executives and research analysts by covering the SE Asian safety system market and its trends. P.R. Shyam Sunder, Research Analyst for the Industrial Process Control Practice of Frost & Sullivan Asia Pacific says, “Safety systems enhance the protection of man, assets and surroundings. The maximum reliability and maximum availability of safety systems in a process industry directly impacts a plant’s quality and productivity.” He adds,” The integration of safety and control systems with increasing flexibility has attracted end users attention towards the implementation of safety system.” Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. Learn More

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