January 2001

Trends and Resources

HP Impact: HPImpact: Risk reduction: prime factor in automation safety systems growth

The increased desire of manufacturers to reduce risk, improve their corporate image and reduce insurance premiums is fueling the growth of the automation safety system market, according to a recent st..

Weirauch, Wendy, Hydrocarbon Processing Staff

The increased desire of manufacturers to reduce risk, improve their corporate image and reduce insurance premiums is fueling the growth of the automation safety system market, according to a recent study by the ARC Advisory Group (www.arcweb.com). Although many large manufacturers in the HPI have been using these systems for a long time, having a greater impact now are the effects of various regulating bodies on safety system functionalities and standards. In the U.S., for example, plants with onsite storage of toxic, reactive, flammable or explosive chemicals are uncovering the need for safety systems as they perform the process hazard analyses required by OSHA and the quantitative risk a

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