In the last few years, India has experienced tremendous growth in the process safety services market by virtue of factors that have a major role in the increasing demand for safety solutions in different sectors. With emerging trends in the industrial setting and the changing regulatory framework, companies are now focusing on the safety of their operations to avoid penalties and risks. Undeniably, the growth of this industry is due to the growing belief among industries that process safety is vital. With episodes such as chemical spills, fires, and explosions being highlighted by media, the companies are starting to realize the critical need of putting in place robust safety measures that protect their employees, property and the environment. The increased awareness has therefore supercharged the demand for process safety services, which include risk assessment, safety audits, training programs, and emergency response plans.
Furthermore, there has been growth in industries like oil and gas, petrochemicals, chemicals, pharmaceuticals and manufacturing which has provided a conducive environment for the development of process safety services. Manufacturing in these industries imposes hazardous substances and processes, as a result, safety is the primary concern. Nevertheless, the increase in the importance of these areas brings the need for the development of specialized safety solutions and the relevant expertise along with it in order to maintain the operational integrity and continuity. On the other hand, government regulation and standards are an important contributory factor for the shaping of the process safety landscape in India. Authorities are not only issuing strict rules but also enforcing them to be adhered to by all companies to improve safety standards across all sectors.
In this issue, we acquaint you with the top companies in this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top companies that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.
We look forward to receiving your feedback and suggestions.
