Siemens, Honeywell International Inc., and Johnson Controls dominated the North America Process Safety Services Market in 2021

North America Process Safety Services Market is expected to grow with the CAGR of 13.3% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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North America process safety services market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to a favorable market scenario.

The major players dealing in the North America process safety services market are introducing a strong range of products provider along with launching new products and adopting strategic initiatives such as acquisition, agreement, business expansion, awards, and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • In April 2022, Siemens announced the expansion of Xcelerator as a service. This development in the product will help the company to develop innovative solutions to global challenges and helps in the transformation of safety process services offered to the customers

Siemens is the dominating player in the North America process safety services market. The other key players existing in the market are Johnson Controls, Honeywell International Inc., Emerson Electric Co., Schneider Electric, Bureau Veritas, SGS SA, Rockwell Automation, Inc., ABB, DEKRA, OMRON Corporation, Intertek Group Plc, TÜV SÜD, SOCOTEC, MISTRAS Group, Inc., HIMA, Ingenero, Inc., Smith & Burgess Process Safety Consulting, Process Engineering Associates, LLC, ioKinetic, LLC., among others.

Siemens

Siemens was founded in the year 1847 and is headquartered in Bavaria, Germany. The company manufactures and engineers systems of power generation, transmission, and medical diagnostics and also offers solutions for automation, electrification, and digitalization. The company operates in various business segments such as smart infrastructure, gas and power, digital industries, mobility and Siemens Healthineers, of which digital industries is the market-focused category. The company has several product categories, including products & services and market-specific solutions, of which products & services is the market-focused category.

For instance,

  • In April 2022, Siemens announced the expansion of Xcelerator as a Service. This development in product will help the company to develop innovative solutions to global challenges and helps in the transformation of safety process services offered to the customers.

The company has a wide presence across North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa. The subsidiaries of the company are Adwen Blades GmbH (Germany), Adwen GmbH (Germany), Airport Munich Logistics and Services GmbH (Germany), Alpha Verteilertechnik GmbH (Germany), SIEMENS MOBILITY LIMITED (U.S), and Siemens Gas and Power Limited (U.S.) among others.

Honeywell International Inc.

Honeywell International Inc. was founded in the year 1885 and is headquartered in North Carolina, U.S. The company is engaged in manufacturing products for various industries such as healthcare and aerospace. The company operates in various business segments such as aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solutions, of which safety and productivity solutions is the market-focused category. The company has several product categories, including products, services, and solutions, of which solutions is the market-focused category.

For instance,

  • In July 2018, Honeywell International Inc announced the launch of the Process Safety Suite. This new solution has helped the company to centralize and synchronize process safety data to eliminate errors and inconsistencies and also integrated aeSolution’s aeShield process safety software

The company has a presence in Asia-Pacific, the Americas, Middle East and Africa, and Europe. The subsidiaries of the company are BW Technologies Partnership (Canada), Elster American Meter Company, LLC (Delaware), COM DEV Ltd.(Canada), ConverDyn (Delaware), Elster Group GmbH (Germany), Elster s.r.o. (Germany), among others.

Johnson Controls

Johnson Controls was founded in the year 1885 and is headquartered in Cork, Ireland. The company is engaged in creating intelligent buildings, efficient energy solutions and integrated infrastructure. The company operates in various business segments such as products and systems and services, of which products and systems is the market-focused category. The company has several product categories, including products & solutions and services & support, of which services & support is the market focused category.

For instance,

  • In April 2022, Johnson Controls announced the acquisition of Security Enhancement Systems LLC (SES). This acquisition will help the company to extend the control access with keyless access control solutions for infrastructure and telecommunication towers

The company has a presence across Asia-Pacific, the Americas, Middle East and Africa, and Europe. The subsidiaries of the company are Eurosit SA (Italy), Johnson Controls GmbH (Germany), Johnson Controls GmbH & Co. KG (Germany), Johnson Controls World Services Inc (Spain), and Tokyo Biso Kogyo Corporation KK (Japan), among others.