Global Emergency Shutdown System Market Size study & Forecast, by Control Method, End-user Vertical and Regional Analysis, 2022-2029

Description

List of Tables

Global Emergency Shutdown System Market is valued at approximately USD 1808.4 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.29% over the forecast period 2022-2029. Emergency Shutdown System ensures to control the process equipment which required to switch processes to safe mode. The Emergency Shutdown System market is expanding because of factors such as stringent regulatory policies for industrial safety and growing large-scale production projects due to the oil and gas industry expansion. This market is dominated by General Electric Co, Siemens AG, Honeywell International Inc, ABB Ltd, and Schneider Electric SE.

The increasing number of accidents in industrial plants and the number of dangerous explosions is increasing the demand in the market for industrial emergency shutdown systems. An increase in demanding equipment and process projects is driving the growth of industrial emergency control/shutdown systems. The government has induced the stringent regulatory policies for the industrial safety in order to reduce the mishappening in the industry which can harm worker as well as the environment. This market is expected to see high growth in the forthcoming years due to the rapid expansion of industries such as gas and oil are fueling the growth of the industrial emergency stop system market. For example, as per the India Brand equity Foundation report, India has planned about commercializing 50% of its SPR (Strategic Oil Reserves) to gain finances and develop additional storage tanks to offset rising oil prices and ONGC released a plan to invest around US$4 billion in FY2022-25 to step up exploration activities in India in May 2022. Moreover, the increased adoption of industrial control systems with advanced technologies is expected to have multiple opportunities to grow further. However, the high initial and maintenance costs of the Emergency Shutdown System stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Emergency Shutdown System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the dominance of branded products and the region's increasing technological advancement and growth of businesses such as Oil and Gas production. According to the United Kingdom, Extractive Industries Transparency Initiative (UKEITI), between 2014 and 2019, UKCS oil and gas production increased by 19%. This was down 4% in 2020, driven by large incremental projects in existing fields and the start-up of nearly 40 new fields. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors, increasing adoption of highly technical industrial control systems in multiple end-user industries is expected to drive the adoption of emergency shutdown systems among large and small businesses in the region.

Major market players included in this report are:

Siemens AG

Schneider Electric SE

Emerson Electric Company

General Electric Co.

Omron Corporation

Proserv UK Ltd.

Hima Paul Hildebrandt GmbH

Honeywell International Inc.

ABB Limited

Rockwell Automation, Inc.

Recent Developments in the Market:

In April 2020 - Emerson acquires the American Governor Company, a leader in hydroelectric turbine controls system. The American Governor Company builds on Emerson's technical capabilities and proficiency in the renewable energy and energy industries.
In November 2019 - Yokogawa Electric Corporation proclaimed the release of ProSafe-RS R4.05.00, an upgraded version of the safety instrumented system ProSafe-RS. ProSafe-RS is the core product of his OpreX family of control and safety systems provided by the company.

Global Emergency Shutdown System Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Control Method, End User Vertical, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Emergency Shutdown System Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Emergency Shutdown System Market, by Control Method, 2019-2029 (USD Million)
- 1.2.3. Emergency Shutdown System Market, by End User Vertical, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Emergency Shutdown System Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Emergency Shutdown System Market Dynamics

3.1. Emergency Shutdown System Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Stringent Regulatory Policies for Industrial Safety
  - 3.1.1.2. Growing Large-scale Production Projects due to Expansion of the Oil and Gas Industry
  - 3.1.1.3.
- 3.1.2. Market Challenges
  - 3.1.2.1. High Initial and Maintenance Costs
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increased Adoption of Industrial Control Systems With Advanced Technologies

Chapter 4. Global Emergency Shutdown System Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Emergency Shutdown System Market, by Control Method

6.1. Market Snapshot
6.2. Global Emergency Shutdown System Market by Control Method, Performance - Potential Analysis
6.3. Global Emergency Shutdown System Market Estimates & Forecasts by Control Method 2019-2029 (USD Million)
6.4. Emergency Shutdown System Market, Sub Segment Analysis
- 6.4.1. Electrical
- 6.4.2. Fiber Optic
- 6.4.3. Pneumatic
- 6.4.4. Hydraulic
- 6.4.5. Other Control Methods

Chapter 7. Global Emergency Shutdown System Market, by End User Vertical

7.1. Market Snapshot
7.2. Global Emergency Shutdown System Market by End User Vertical, Performance - Potential Analysis
7.3. Global Emergency Shutdown System Market Estimates & Forecasts by End User Vertical 2019-2029 (USD Million)
7.4. Emergency Shutdown System Market, Sub Segment Analysis
- 7.4.1. Oil and Gas
- 7.4.2. Refining
- 7.4.3. Power Generation
- 7.4.4. Metal and Mining
- 7.4.5. Paper and Pulp
- 7.4.6. Other End-user Verticals

Chapter 8. Global Emergency Shutdown System Market, Regional Analysis

8.1. Emergency Shutdown System Market, Regional Market Snapshot
8.2. North America Emergency Shutdown System Market
- 8.2.1. U.S. Emergency Shutdown System Market
  - 8.2.1.1. Control Method breakdown estimates & forecasts, 2019-2029
  - 8.2.1.2. End User Vertical breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Emergency Shutdown System Market
8.3. Europe Emergency Shutdown System Market Snapshot
- 8.3.1. U.K. Emergency Shutdown System Market
- 8.3.2. Germany Emergency Shutdown System Market
- 8.3.3. France Emergency Shutdown System Market
- 8.3.4. Spain Emergency Shutdown System Market
- 8.3.5. Italy Emergency Shutdown System Market
- 8.3.6. Rest of Europe Emergency Shutdown System Market
8.4. Asia-Pacific Emergency Shutdown System Market Snapshot
- 8.4.1. China Emergency Shutdown System Market
- 8.4.2. India Emergency Shutdown System Market
- 8.4.3. Japan Emergency Shutdown System Market
- 8.4.4. Australia Emergency Shutdown System Market
- 8.4.5. South Korea Emergency Shutdown System Market
- 8.4.6. Rest of Asia Pacific Emergency Shutdown System Market
8.5. Latin America Emergency Shutdown System Market Snapshot
- 8.5.1. Brazil Emergency Shutdown System Market
- 8.5.2. Mexico Emergency Shutdown System Market
- 8.5.3. Rest of Latin America Emergency Shutdown System Market
8.6. Rest of The World Emergency Shutdown System Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. Siemens AG
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. Schneider Electric SE
- 9.2.3. Emerson Electric Company
- 9.2.4. General Electric Co.
- 9.2.5. Omron Corporation
- 9.2.6. Proserv UK Ltd.
- 9.2.7. Hima Paul Hildebrandt GmbH
- 9.2.8. Honeywell International Inc
- 9.2.9. ABB Limited
- 9.2.10. Rockwell Automation, Inc.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Emergency Shutdown System Market, report scope
TABLE 2. Global Emergency Shutdown System Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Emergency Shutdown System Market estimates & forecasts by Control Method 2019-2029 (USD Million)
TABLE 4. Global Emergency Shutdown System Market estimates & forecasts by End User Vertical 2019-2029 (USD Million)
TABLE 5. Global Emergency Shutdown System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 6. Global Emergency Shutdown System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 7. Global Emergency Shutdown System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 8. Global Emergency Shutdown System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Emergency Shutdown System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Emergency Shutdown System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Emergency Shutdown System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Emergency Shutdown System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Emergency Shutdown System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Emergency Shutdown System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. U.S. Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. U.S. Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 17. U.S. Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 18. Canada Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 19. Canada Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 20. Canada Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 21. UK Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 22. UK Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 23. UK Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 24. Germany Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 25. Germany Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 26. Germany Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 27. France Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 28. France Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 29. France Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 30. Italy Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 31. Italy Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 32. Italy Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 33. Spain Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 34. Spain Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 35. Spain Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 36. RoE Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 37. RoE Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 38. RoE Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 39. China Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 40. China Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 41. China Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 42. India Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 43. India Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 44. India Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 45. Japan Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 46. Japan Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 47. Japan Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 48. South Korea Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 49. South Korea Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 50. South Korea Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 51. Australia Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 52. Australia Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 53. Australia Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 54. RoAPAC Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 55. RoAPAC Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 56. RoAPAC Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 57. Brazil Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 58. Brazil Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 59. Brazil Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 60. Mexico Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 61. Mexico Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 62. Mexico Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 63. RoLA Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 64. RoLA Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 65. RoLA Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 66. Row Emergency Shutdown System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 67. Row Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 68. Row Emergency Shutdown System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Emergency Shutdown System Market
TABLE 70. List of primary sources, used in the study of global Emergency Shutdown System Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Emergency Shutdown System Market, research methodology
FIG 2. Global Emergency Shutdown System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Emergency Shutdown System Market, key trends 2021
FIG 5. Global Emergency Shutdown System Market, growth prospects 2022-2029
FIG 6. Global Emergency Shutdown System Market, porters 5 force model
FIG 7. Global Emergency Shutdown System Market, pest analysis
FIG 8. Global Emergency Shutdown System Market, value chain analysis
FIG 9. Global Emergency Shutdown System Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Emergency Shutdown System Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Emergency Shutdown System Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Emergency Shutdown System Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Emergency Shutdown System Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Emergency Shutdown System Market, regional snapshot 2019 & 2029
FIG 15. North America Emergency Shutdown System Market 2019 & 2029 (USD Million)
FIG 16. Europe Emergency Shutdown System Market 2019 & 2029 (USD Million)
FIG 17. Asia pacific Emergency Shutdown System Market 2019 & 2029 (USD Million)
FIG 18. Latin America Emergency Shutdown System Market 2019 & 2029 (USD Million)
FIG 19. Global Emergency Shutdown System Market, company Market share analysis (2021)