Process Safety System Market: Players Adopt Inorganic Growth Route for Business Expansion
A fresh market intelligence study by Transparency Market Research (TMR) says that the global process safety system (PSS) market is highly fragmented with the presence of large number of companies of varying sizes. Despite a high degree of fragmentation, General Electric Company and Rockwell Automation Inc. have established themselves as clear leaders. In this competitive market, leading players are hard-focused on devising new and innovative technologies in a bid to offer differentiator process safety system (PSS) products. For this, companies in this market are adopting the inorganic growth route by entering into various strategic partnerships, mergers and acquisitions. They are also focused on expanding their business via service additions and by expanding geographical presence. Some prominent participants in the global process safety system market are ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., HIMA Paul Hildebrandt GmbH, Intergraph Corpor...