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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Moreover, the growing demand for devices to decrease catastrophic accidents at workstations is also expected to boost the market growth. The risk of machinery failure at the stage of production is hazardous for labors that are controlled through these systems. The increasing need for human safety in the manufacturing department of industries is fueling the use of emergency shutdown systems. The implementation of stringent government regulations related to industrial machine safety is projecting to the higher adoption of these systems for a better work environment and human safety measures.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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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