Emergency Shutdown Systems Market
Segments - by Control Methods (Electrical, Fiber Optic, and Pneumatic), Applications (Oil & Gas, Refining, and Power Generation), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global emergency shutdown systems market size was valued at USD 1654 Million in 2020 and is expected to reach USD 2823 Million by 2028, expanding at a CAGR of 9.3 % during the forecast period, 2021 – 2028. The growth of the market is attributed to rising number of global catastrophic accidents.
Emergency shutdown system (ESD) is designed to minimize the consequences of emergency situations, such as uncontrolled flooding, escape of hydrocarbons, or outbreak of fire. This system includes ESD valve and an associated valve actuator.
ESD controller provides output signals to the ESD valve in the event of a failure, included in the process control system. A solenoid valve responds to the ESD controller to vent the actuator to a failure state. A digital valve controller (DVC) test strokes the ESD valve. An impedance booster device DC powers the solenoid valve and the DVC over a two wire line while permitting digital communication over the same two wire line.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing number of accidents at workplace and rising number of hazardous explosions are expected to boost the market growth.
- Implementation of regulatory measures by government state bodies across the globe to address the industrial safety concerns is anticipated to propel the market growth.
- Growing number of power plant projects is speculated to drive the market growth.
- High investment cost and complexity associated with the safety designs can hinder the market growth.
- Rapid developments in the Industrial IoT is anticipated to create opportunities in the market during the forecast period.
Scope of the Report
The report on the global emergency shutdown systems market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Emergency Shutdown Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Control Methods (Electrical, Fiber Optic, and Pneumatic) and Applications (Oil & Gas, Refining, Power Generation) |
| Regional Scope | North America, Latin America, Europe, Asia Pacific and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Honeywell International Inc, Siemens AG, General Electric Co, ABB Ltd, and Schneider Electric SE |
Global Emergency Shutdown Systems Market Segment Insights
Pneumatic segment to accounts a considerable market share
Based on control methods, the market is divided into electrical, fiber optic, and pneumatic. The pneumatic segment is expected to account for a considerable market share during the forecast period. Pneumatic control, an analog device, is an economical and effective choice for designing commercial buildings. It is powered by compressed air, which makes it ideal for controlling humidity, temperature, and pressure.
Oil & gas segment to account a large market share
Based on applications, the global emergency shutdown systems market is segmented into oil & gas, refining, and power generation. The oil & gas industry is the major consumer of emergency shutdown systems globally. Recovering oil and gas prices and increasing upstream activity are expected to propel the demand for ESD in the oil & gas industry. Moreover, increasing demand for ESD systems from upstream, midstream, and downstream (oil refineries) activities are driving the oil & gas segment. On the other hand, the power generation segment is expected to grow at a healthy rate due to rising energy demand across the globe.
Europe is to hold a major market share
In terms of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is a major for emergency shutdown systems market owing to presence of advanced crude oil refiners in the region. Rising activity in the downstream oil & gas sector and high industrial activity in the region is one of the most prominent drivers for the ESD systems market in Europe. Conversely, the market in North America is expected to exhibit a high CAGR due to rising exploration activities in the US.
Segments
Segments Covered in the Report
The Global Emergency Shutdown Systems Market has been segmented on the basis of
Control Method
- Electrical
- Fiber Optic
- Pneumatic
Applications
- Oil & Gas
- Refining
- Power Generation
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- Honeywell International Inc
- Siemens AG
- General Electric Co
- ABB Ltd
- Schneider Electric SE
Competitive Landscape
Key players operating in the Global Emergency Shutdown Systems Market includes Honeywell International Inc, Siemens AG, General Electric Co, ABB Ltd, and Schneider Electric SE.
Industry players are engaging in partnerships, acquisitions, and are investing in R&D activities to expand their market share.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Emergency Shutdown Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Emergency Shutdown Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Emergency Shutdown Systems Market - Supply Chain
4.5. Global Emergency Shutdown Systems Market Forecast
4.5.1. Emergency Shutdown Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Emergency Shutdown Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Emergency Shutdown Systems Market Absolute $ Opportunity
5. Global Emergency Shutdown Systems Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Emergency Shutdown Systems Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Emergency Shutdown Systems Demand Share Forecast, 2019-2026
6. North America Emergency Shutdown Systems Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Emergency Shutdown Systems Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Emergency Shutdown Systems Demand Share Forecast, 2019-2026
7. Latin America Emergency Shutdown Systems Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Emergency Shutdown Systems Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Emergency Shutdown Systems Demand Share Forecast, 2019-2026
8. Europe Emergency Shutdown Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Emergency Shutdown Systems Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Emergency Shutdown Systems Demand Share Forecast, 2019-2026
9. Asia Pacific Emergency Shutdown Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Emergency Shutdown Systems Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Emergency Shutdown Systems Demand Share Forecast, 2019-2026
10. Middle East & Africa Emergency Shutdown Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Emergency Shutdown Systems Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Emergency Shutdown Systems Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Emergency Shutdown Systems Market: Market Share Analysis
11.2. Emergency Shutdown Systems Distributors and Customers
11.3. Emergency Shutdown Systems Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Honeywell International Inc
11.4.2. Siemens AG
11.4.3. General Electric Co
11.4.4. ABB Ltd
11.4.5. Schneider Electric SE
2. Assumptions and Acronyms Used
3. Research Methodology
4. Emergency Shutdown Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Emergency Shutdown Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Emergency Shutdown Systems Market - Supply Chain
4.5. Global Emergency Shutdown Systems Market Forecast
4.5.1. Emergency Shutdown Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Emergency Shutdown Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Emergency Shutdown Systems Market Absolute $ Opportunity
5. Global Emergency Shutdown Systems Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Emergency Shutdown Systems Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Emergency Shutdown Systems Demand Share Forecast, 2019-2026
6. North America Emergency Shutdown Systems Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Emergency Shutdown Systems Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Emergency Shutdown Systems Demand Share Forecast, 2019-2026
7. Latin America Emergency Shutdown Systems Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Emergency Shutdown Systems Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Emergency Shutdown Systems Demand Share Forecast, 2019-2026
8. Europe Emergency Shutdown Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Emergency Shutdown Systems Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Emergency Shutdown Systems Demand Share Forecast, 2019-2026
9. Asia Pacific Emergency Shutdown Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Emergency Shutdown Systems Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Emergency Shutdown Systems Demand Share Forecast, 2019-2026
10. Middle East & Africa Emergency Shutdown Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Emergency Shutdown Systems Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Emergency Shutdown Systems Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Emergency Shutdown Systems Market: Market Share Analysis
11.2. Emergency Shutdown Systems Distributors and Customers
11.3. Emergency Shutdown Systems Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Honeywell International Inc
11.4.2. Siemens AG
11.4.3. General Electric Co
11.4.4. ABB Ltd
11.4.5. Schneider Electric SE
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