ABB, Bureau Veritas, and Siemens are Dominating the France Process Safety Service Market in 2020

France Process Safety Service Market is expected to grow with the CAGR of 6.0% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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France process safety service market is a fragmented market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in France process safety service market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In April 2020, DEKRA has been recognized by Omni Air to evaluate and certify Cellular Vehicle-to-Everything (C-V2X) technology. With this DEKRA has become the first and only Omni Air Authorized laboratory in the world to test C-V2X products. DEKRA will provide these services in its connected and automated driving facilities which will be equipped with test tracks with 5G infrastructure and with a shielded environment lab.

ABB is the dominating player in France process safety service market. The other key players existing in the market includes Honeywell International Inc., Rockwell Automation Inc., Bureau Veritas, SGS SA, MISTRAS Group Inc., Intertek Group Plc, HIMA, Holding Socotec, DEKRA, Siemens, Omron Corporation, Antea Group, TUV SUD, Yokogawa Electric Corporation, and among others.

France Process Safety Service Market

ABB

ABB is headquartered in Zurich, Switzerland which was established in 1988. The company is engaged in providing various different types of automation and digitalization functional safety services to customers. The service categories of the company include advanced services, end of life services, engineering and consulting, process automation and digitalization, replacement, service agreements out of process automation and digitalization is market focused category

  • In October 2020, ABB digitalized process safety lifecycle management with launch of ABB Ability SafetyInsight. SafetyInsight is a complete suite of digital software applications which supports operators of the energy and process sectors for managing the entire lifecycle of a process safety management. This has helped the company to enhance their process safety management offerings in the market.

The company has presence in North America, Europe, Asia-Pacific, Latin America, and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as ABB Motors and Mechanical (U.S.), Cyclone Controls (Ireland), GE Industrial Systems (U.S), ABB Australia (Australia) and among others.

Bureau Veritas

Bureau Veritas is headquartered in Paris, France and it was established in year 1828. The company is engaged in providing TIC services to their clients to help them mitigate risks with innovative solutions and meet industrial standards and regulations. Some of the product category include automotive and transport, building and infrastructure, chemicals, financial services and public sector, food, marine and off shore, oil and gas, power and utilities, cross-market services and the market focused category is cross-market services.

  • In March 2021, Bureau Veritas and NEXANS entered into a management partnership for a Wind Project Management to mitigate risks and promote best practices. This project has helped Bureau Veritas to enhance its risk management capabilities in maritime sector. This has enhanced the company’s offerings in the market.

The company has presence in North America, Europe, Asia-Pacific, South America, and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Bureau Veritas Holdings Inc. (U.S.), Bureau Veritas Exploitation SAS (France), Bivac International SA (France), Bureau Veritas Hong Kong Ltd. (Hong Kong) and among others).

Siemens

Siemens is headquartered in Munich, Germany which was established in 1847. The company is engaged in providing smart mobility solutions for rail and road transport, intelligent infrastructure for buildings and automation and digitization. The product categories of the company include building technology, drive technology, energy, financing, healthcare, industrial automation, mobility, services out of industrial automation segment is market focused category

  • In June 2020, Siemens announced the launch of new flat-panel monitors and panel PCs. The new products came in with industrial standard 19 and 22-inch widescreen displays for multi-touch and gesture operation and included the latest industrial standard anti-glare. The new product enhanced the product offering of the company for industrial displays market.

The company has presence in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Siemens Healthineers (Germany), Gamesa Corporacion Technologica (Spain), Siemens India (India), Siemens Mobility (Germany) and among others.