Safety Instrumented System (SIS) Producers and SIS Market Trend

The Safety Instrumented System (SIS) consists of sensors, logic controllers and final actuators to implement one or more safety loop functions to achieve the required Safety Integrity Level (SIL) of the process plant. The SIS system can monitor the production process or latent hazards and immediately issue warning messages or directly execute predetermined procedures to minimize accidents and reduce hazards and their effects.

The global SIS market size was USD 0.53 billion in 2017 and will grow to USD 0.84 billion in 2022, with a CAGR of 9.6% from 2017 to 2022. The global SIS market size is expected to reach USD 1.12 billion in 2027, with a CAGR of 5.9% from 2022 to 2027.

Figure 2017-2027 Global SIS Market Size (Billion USD) and CAGR

Safety instrumentation systems are mainly used in refining and petrochemical (35%), chemical (35%), oil and gas (13%), pulp (2%), power (1%) and other industrial fields with high requirements for safety production.