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New ARC Advisory Group research on the industrial alarm management solutions market reveals that alarm management in general continues to be a big issue in hydrocarbon processing plants, chemical plants, power plants, and other industrial process plants around the world. This is driven largely by the need to conform to current standards and best practices like ISA 18.2, EEMUA 191, and IEC 62682. The primary goal of these standards and practices is to develop a continuous improvement approach to alarm management and ease the alarm burden on operators, so they only see the information they need to see, particularly during process upsets or other abnormal situations. Ultimately, companies realize that proper alarm management improves the bottom line.
“The refining, chemical, and oil and gas industries continue to be the largest consumers of alarm management solutions worldwide due to the complex operating environments and the catastrophic potential, from both an economic and a health, safety, and environmental standpoint, of operating errors,” according to Mark Sen Gupta, Research Director at ARC Advisory Group and key author of ARC’s Alarm Management Global Market Research report.
Leading Suppliers to the Alarm Management Market
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offering. In alphabetical order, these include (in alphabetical order): Emerson, Honeywell, and PAS.
About the Alarm Management Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year (global/regional) forecasts for the alarm management market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus four-year market forecasts by industry, region, revenue category, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes up to three years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.
