The Emergency Shutdown Systems Market size was valued at USD 2235.1 Million in 2023 and the total Emergency Shutdown Systems revenue is expected to grow at a CAGR of 8.1% from 2024 to 2030, reaching nearly USD 3855.46 Million.Global Emergency Shutdown Systems Market Introduction
Emergency shutdown systems are employed as a safety instrument system to safeguard industrial plants from leakage or explosion in the petrochemical and chemical, gas and oil, and other industries. The mechanism is utilized to activate curative output in order to prevent dangerous effects. Industrial emergency shutdown systems are the final alternative for protection in the industrial unit in the event of any form of process problem. To form a safety loop, these systems are connected to sensors via PLCs. When dangerous situations such as uncontrolled floods, hydrocarbon leakage, and so on occur, industrial emergency shutdown systems are utilized to shut down or halt a plant.Global Emergency Shutdown Systems Market Dynamics
Globally, there has been an increase in the number of catastrophic accidents due to increasingly complicated manufacturing and industrial applications. Furthermore, security concerns are changing the demand for emergency shutdown systems in a number of scenarios, particularly in the oil and gas industry. The expansion of industrial emergency shutdown systems armlet has been fueled by an increase in the number of projects for sophisticated facilities and processes. The market for industrial emergency shutdown systems has been fueled by the rapid expansion of industries such as gas and oil.To know about the Research Methodology :- Request Free Sample Report The initial cost required to implement an emergency shutdown system is substantial. Capital costs, such as machine acquisition and design, are included in the total cost of ownership. The design of wellhead and process emergency shutdown systems is difficult, requiring knowledge from a variety of disciplines, resulting in greater design and development costs. As a result of the recent breakout of COVID-19, multiple organizations around the world are witnessing a reduction in trading circumstances, which is further exacerbated by the decrease in oil prices. Nuclear power facilities are being built in response to the rising need for electricity. Over 450 nuclear power reactors are projected to be in operation in 30 nations, with another 50 reactors under construction in 15 nations (majorly concentrated in countries like China, India, Russia, and the United Arab Emirates). The demand for emergency shutdown systems is expected to rise as a result of this.
Global Emergency Shutdown Systems Market Segment Analysis
Globally, the oil and gas industry is the leading user of emergency shutdown systems. The demand for emergency shutdown systems is likely to rise as oil and gas prices recover and upstream activity increases, particularly among offshore facilities. This category considers the need for ESD systems from upstream, midstream, and downstream (oil refineries) industries. The demand for ESD systems is expected to rise over the forecast period, with new refinery projects expected across regions such as India, which is expected to commission the world's largest green refinery. The oil and gas sector in the region is expected to bring new prospects to the market, with the US Department of Interior preparing to enable offshore exploratory drilling in nearly 90% of the Outer Continental Shelf (OCS) acreage under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) planned for 2019-2024. Standards like the Bureau of Safety and Environmental Enforcement (BSEE), which enforces safety and environmental protection regulations for the offshore oil and gas industry in the United States, are also prevalent in other parts of the world, including Europe. The pressure and temperature of the line are continuously monitored to reduce the possibility of a significant incident, and here is where the ESD system comes into action. In addition, the growing popularity of industrial IoT and the demand for programmable safety systems in industrial emergency shutdown systems is a platform for market growth.Global Emergency Shutdown Systems Market Regional Insights
Europe is one of the world's most important markets for emergency shutdown systems (ESD). One of the most important drivers for the ESD systems market in Europe is significant activity in the downstream oil and gas sector, as well as substantial industrial activity in the region. Europe is home to some of the worlds most advanced and largest crude oil refineries. As of 2017, the region accounted for 15% of the world's oil refining capacity. The cheap price of crude oil in recent years has boosted demand for refinery development and the start-up of new projects. In addition, there has been a lot of exploration activity in countries like the United Kingdom, which has resulted in important finds like Glendronach (by Total). Glendronach is thought to be the millennium's fifth-largest conventional natural gas reserve finding on the UK Continental Shelf. The rising implementation of modern industrial control systems across a variety of end-user industries is expected to boost the implementation of emergency shutdown systems among a variety of large, small, and medium businesses across the area. As a result, during the projected period, the region is likely to present commercial possibilities for market participants.Global Emergency Shutdown Systems Market Report Scope: Inquire before buying
Global Emergency Shutdown Systems Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 2235.1 Mn. Forecast Period 2024 to 2030 CAGR: 8.1% Market Size in 2030: USD 3855.46 Mn. Segments Covered: by Control Method Electrical Fiber Optic Pneumatic Hydraulic Other Control Methods by End User Vertical Oil and Gas Refining Power Generation Metal and Mining Paper and Pulp Other End-user Verticals Global Emergency Shutdown Systems Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Emergency Shutdown Systems Market, Key Players
1.Siemens AG 2.Schneider Electric SE 3.Rockwell Automation 4.Johnson Controls, Inc. 5.General Electric Co. 6.Honeywell International Inc. 7.Kongsberg Maritime 8.Emerson Electric Co., 9.ABB, Ltd. 10.Tyco International 11.Norgren 12.Yokogawa Electric 13.Esoterica Automation 14.HIMA Paul Hildebrandt 15.BWB Controls, Inc Frequently Asked Questions: 1. Which region has the largest share in Global Emergency Shutdown Systems Market? Ans: Europe region held the highest share in 2023. 2. What was the Global Emergency Shutdown Systems Market size in 2023? Ans: The Global Emergency Shutdown Systems Market size was USD 2235.1 Million in 2023. 3. What is scope of the Global Emergency Shutdown Systems Market report? Ans: Global Emergency Shutdown Systems Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Emergency Shutdown Systems Market? Ans: The important key players in the Global Emergency Shutdown Systems Market are – Siemens AG, Schneider Electric SE, Rockwell Automation, Johnson Controls, Inc., General Electric Co., Honeywell International Inc., Kongsberg Maritime, Emerson Electric Co.,, ABB, Ltd., Tyco International, Norgren, Yokogawa Electric, Esoterica Automation, HIMA Paul Hildebrandt, BWB Controls, Inc. 5. What is the study period of this Market? Ans: The Global Emergency Shutdown Systems Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Emergency Shutdown Systems Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Emergency Shutdown Systems Market 3.4. Geographical Snapshot of the Emergency Shutdown Systems Market, By Manufacturer share 4. Global Emergency Shutdown Systems Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Emergency Shutdown Systems Market 5. Supply Side and Demand Side Indicators 6. Global Emergency Shutdown Systems Market Analysis and Forecast, 2023-2030 6.1. Global Emergency Shutdown Systems Market Size & Y-o-Y Growth Analysis. 7. Global Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 7.1.1. Electrical 7.1.2. Fiber Optic 7.1.3. Pneumatic 7.1.4. Hydraulic 7.1.5. Other Control Methods 7.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 7.2.1. Oil and Gas 7.2.2. Refining 7.2.3. Power Generation 7.2.4. Metal and Mining 7.2.5. Paper and Pulp 7.2.6. Other End-user Verticals 8. Global Emergency Shutdown Systems Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 9.1.1. Electrical 9.1.2. Fiber Optic 9.1.3. Pneumatic 9.1.4. Hydraulic 9.1.5. Other Control Methods 9.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 9.2.1. Oil and Gas 9.2.2. Refining 9.2.3. Power Generation 9.2.4. Metal and Mining 9.2.5. Paper and Pulp 9.2.6. Other End-user Verticals 10. North America Emergency Shutdown Systems Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 12. Canada Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 13. Mexico Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 14. Europe Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 15. Europe Emergency Shutdown Systems Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 17. France Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 18. Germany Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 19. Italy Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 20. Spain Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 21. Sweden Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 22. CIS Countries Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 23. Rest of Europe Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 24. Asia Pacific Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 25. Asia Pacific Emergency Shutdown Systems Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 27. India Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 28. Japan Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 29. South Korea Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 30. Australia Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 31. ASEAN Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 32. Rest of Asia Pacific Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 33. Middle East Africa Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 34. Middle East Africa Emergency Shutdown Systems Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 36. GCC Countries Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 37. Egypt Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 38. Nigeria Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 39. Rest of ME&A Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 40. South America Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 41. South America Emergency Shutdown Systems Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 43. Argentina Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 44. Rest of South America Emergency Shutdown Systems Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Control Method, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By End User Vertical, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Emergency Shutdown Systems Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Siemens AG 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Schneider Electric SE 45.3.3. Rockwell Automation 45.3.4. Johnson Controls, Inc. 45.3.5. General Electric Co. 45.3.6. Honeywell International Inc. 45.3.7. Kongsberg Maritime 45.3.8. Emerson Electric Co., 45.3.9. ABB, Ltd. 45.3.10. Tyco International 45.3.11. Norgren 45.3.12. Yokogawa Electric 45.3.13. Esoterica Automation 45.3.14. HIMA Paul Hildebrandt 45.3.15. BWB Controls, Inc 45.3.16. Other Key Players
