The major drivers identified for the growth of the safety instrumented system market are safety regulations imposed by governing authorities, rise in automotive manufacturing across the globe, and labor unions insisting on adequate safety measures. There are also some factors which act as a restraint on the growth of the market, such as high cost of safety instrumented system products, lack of awareness, and complexity of standards such as IEC 61508 and ISO 26262.However, overall, the market is expected to witness prominent growth during the forecast period, primarily due to the increasing adoption of SIS for power generation applications.
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