Process Safety Services Market Expected to Reach US$ 28,128.8 Mn by 2027
According to a new market report published by Transparency Market Research, the global process safety services market was valued at US$ 18,337.7 Mn in 2018 and is expected to expand at a CAGR of 4.9% from 2019 to 2027, reaching US$ 28,128.8 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the process safety services market in 2018. This growth is mainly attributed to the growing need for process safety services among high risk industries including oil & gas, chemical, pulp & paper, utilities, construction, and others to provide a safe and secure working environment to the workers associated with these industries. Increasing global awareness regarding employee and process safety and growing safety demands in oil & gas, and chemical industry Safety service management and sustainability solutions are increasingly adopted by companies to tackle issues related to process safety, irrespectiv...