September 2004

Trends and Resources

HP Impact: HPImpact: Safety systems market to grow 7%/yr to 2008

The safety systems and critical control system market, a $650-million sector in 2003, will grow to over $900 million in 2008 – a 7%/yr growth rate. A new global outlook from ARC Advisory Group (w..

Weirauch, Wendy, Hydrocarbon Processing Staff

The safety systems and critical control system market, a $650-million sector in 2003, will grow to over $900 million in 2008 – a 7%/yr growth rate. A new global outlook from ARC Advisory Group (www.arcweb.com) predicts continued healthy expansion in the safety system market for process industries over the next five years. Rapid economic expansion has created new opportunities in developing countries around the world, particularly in China and India. These two larger markets are investing significantly in oil refineries and power plants, where safety systems are used extensively. "China and India are the fastest growing market, and emerge as the second largest market for safety

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