February 2002

Trends and Resources

HP In Brief: HPIn Brief

Growth is forecast in safety systems despite a generalslowdown in the process automation market. An increased awarenessof safety standards and environmental concerns is fueling theupswing, says a new ..

Weirauch, Wendy, Hydrocarbon Processing Staff

Growth is forecast in safety systems despite a general slowdown in the process automation market. An increased awareness of safety standards and environmental concerns is fueling the upswing, says a new study from ARC Advisory Group (www.arcweb.com). Increased litigation costs for accident cases are also driving the need for safety systems. Many large manufacturers in the HPI have been using these systems for a long time. Nevertheless, "in North America and Western Europe, where there will be little investment in large grassroots manufacturing facilities in the next five years, the need for new safety systems in existing manufacturing facilities and the updating of the installed sy

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