The emergency shutdown systems market is anticipated to grow at 7.2% CAGR during the forecast period. The emergency shutdown system is largely deployed in the oil & gas industry, power generating sector, manufacturing industry, and various other industries. The emergency shutdown system market consists of standardized software and hardware systems. The software-based technologies have extensive safety functions that are important for personnel and machinery safety. Software-based technologies offer high flexibility for the modification and maintenance of systems. The growing demand for safety and shutdown systems in the oil & gas industry is a major factor propels the growth of the emerging shutdown systems market. This system supports in reducing the consequences of emergency conditions that include uncontrolled flooding, escape of hydrocarbons and outbreak of fire in hydrocarbon areas.
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The market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World. North America is expected to have a considerable market share owing to the implementation of high safety standards and government regulations related to operator safety. In the US, the Chemical Safety Board has implemented stringent regulations for the installation of an emergency shutdown system in oil & gas, power generation, and chemical industries for the safety of humans and the environment. Europe is expected to grow significantly in the market due to significant activity in the downstream oil & gas sector and large industrial activity in the region.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Emergency Shutdown Systems Market by Component
- Safety Switches
- Safety Sensors
- Safety Valves
- Actuators
- Emergency Stop Devices
- Safety Controllers
- Programmable Safety Systems
Global Emergency Shutdown Systems Market by Application
- Oil & Gas
- Pharmaceutical
- Power Generation
- Chemical
- Food & Beverages
- Metal & Mining
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB, Ltd.
- Emerson Electric Co.
- Esoteric Automation & Control Technologies
- General Electric Co.
- HIMA Paul Hildebrandt GmbH
- Honeywell International, Inc.
- IMI Norgren, Ltd.
- Johnson Controls, Inc.
- Kongsberg Gruppen ASA
- Nidec Corp.
- Proserv UK, Ltd.
- Rockwell Automation
- Schneider Electric SE
- SELLA CONTROLS
- Siemens AG
- Yokogawa Electric Corp.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global emergency shutdown systems market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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