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PUBLISHER: IMARC | PRODUCT CODE: 1347507
PUBLISHER: IMARC | PRODUCT CODE: 1347507
Emergency Shutdown Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global emergency shutdown systems market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028.
Emergency shutdown systems are specialized control systems designed to minimize the consequences of emergencies, such as uncontrolled flooding, and provide safe operations. They consist of valves, field-mounted sensors, actuators, safety sensors, emergency stop devices, programmable safety systems, safety modules, and relays. These systems are widely used to reduce the chances of possible explosions and an outbreak of fire in hydrocarbon carrying areas and other hazardous areas. Emergency shutdown systems assist in closing watertight and fire doors, isolating electrical equipment and shutting and depressurizing system parts and equipment. They are highly reliable, safe, flexible, accurate, and provide faster response time. As a result, they find extensive application across various industries, such as refining, pharmaceuticals, paper and pulp, power generation, metal and mining, oil and gas.
Emergency Shutdown Systems Market Trends:
Significant growth in the oil and gas industry is one of the key factors creating a positive outlook for the market. Emergency shutdown systems are commonly used to minimize the risk of major incidents and prevent the pressure from bursting through the wellhead. In line with this, the increasing product demand, especially from offshore refineries, is favoring the market growth. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) in emergency shutdown systems to provide real-time monitoring, are boosting the market growth. Additionally, the rapid adoption of emergency shutdown systems in the pharmaceutical industry due to the involvement of toxic ingredients and heating and cooling agents is positively impacting the market growth. Other factors, such as the rising demand for emergency shutdown systems across the power generation industry and the implementation of various government initiatives for workplace safety, are driving the market growth across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global emergency shutdown systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, control method and industry vertical.
Breakup by Component:
Switches
Sensors
Programmable Safety Systems
Safety Valves
Actuators
Others
Breakup by Control Method:
Pneumatic
Electrical
Fiber Optic
Hydraulic
Others
Breakup by Industry Vertical:
Oil and Gas
Refining
Power Generation
Metal and Mining
Paper and Pulp
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Emerson Electric Co., General Electric Company, HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Nov Inc., Rockwell Automation Inc, Schneider Electric SE, Siemens Aktiengesellschaft, Versa Products Company Inc., Winn-Marion Companies and Yokogawa Electric Corporation.
Key Questions Answered in This Report
- 1. What was the size of the global emergency shutdown systems market in 2022?
- 2. What is the expected growth rate of the global emergency shutdown systems market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global emergency shutdown systems market?
- 4. What are the key factors driving the global emergency shutdown systems market?
- 5. What is the breakup of the global emergency shutdown systems market based on the control method?
- 6. What is the breakup of the global emergency shutdown systems market based on the industry vertical?
- 7. What are the key regions in the global emergency shutdown systems market?
- 8. Who are the key players/companies in the global emergency shutdown systems market?
Product Code: SR112023A5673
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Emergency Shutdown Systems Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Switches
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Sensors
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Programmable Safety Systems
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Safety Valves
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Actuators
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Control Method
- 7.1 Pneumatic
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Electrical
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Fiber Optic
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Hydraulic
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Industry Vertical
- 8.1 Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Refining
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Power Generation
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Metal and Mining
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Paper and Pulp
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 ABB Ltd
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Emerson Electric Co.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 General Electric Company
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 HIMA Paul Hildebrandt GmbH
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Honeywell International Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Nov Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Rockwell Automation Inc
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Schneider Electric SE
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Siemens Aktiengesellschaft
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Versa Products Company Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Winn-Marion Companies
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Yokogawa Electric Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 ABB Ltd
Product Code: SR112023A5673
List of Figures
- Figure 1: Global: Emergency Shutdown Systems Market: Major Drivers and Challenges
- Figure 2: Global: Emergency Shutdown Systems Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Emergency Shutdown Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Emergency Shutdown Systems Market: Breakup by Component (in %), 2022
- Figure 5: Global: Emergency Shutdown Systems Market: Breakup by Control Method (in %), 2022
- Figure 6: Global: Emergency Shutdown Systems Market: Breakup by Industry Vertical (in %), 2022
- Figure 7: Global: Emergency Shutdown Systems Market: Breakup by Region (in %), 2022
- Figure 8: Global: Emergency Shutdown Systems (Switches) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Emergency Shutdown Systems (Switches) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Emergency Shutdown Systems (Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Emergency Shutdown Systems (Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Emergency Shutdown Systems (Programmable Safety Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Emergency Shutdown Systems (Programmable Safety Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Emergency Shutdown Systems (Safety Valves) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Emergency Shutdown Systems (Safety Valves) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Emergency Shutdown Systems (Actuators) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Emergency Shutdown Systems (Actuators) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Emergency Shutdown Systems (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Emergency Shutdown Systems (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Emergency Shutdown Systems (Pneumatic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Emergency Shutdown Systems (Pneumatic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Emergency Shutdown Systems (Electrical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Emergency Shutdown Systems (Electrical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Emergency Shutdown Systems (Fiber Optic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Emergency Shutdown Systems (Fiber Optic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Emergency Shutdown Systems (Hydraulic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Emergency Shutdown Systems (Hydraulic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Emergency Shutdown Systems (Other Control Methods) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Emergency Shutdown Systems (Other Control Methods) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Emergency Shutdown Systems (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Emergency Shutdown Systems (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Emergency Shutdown Systems (Refining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Emergency Shutdown Systems (Refining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Emergency Shutdown Systems (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Emergency Shutdown Systems (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Emergency Shutdown Systems (Metal and Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Emergency Shutdown Systems (Metal and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Emergency Shutdown Systems (Paper and Pulp) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Emergency Shutdown Systems (Paper and Pulp) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Emergency Shutdown Systems (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Emergency Shutdown Systems (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: North America: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: North America: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: United States: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: United States: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Canada: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Canada: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Asia-Pacific: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Asia-Pacific: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: China: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: China: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Japan: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Japan: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: India: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: India: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: South Korea: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: South Korea: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Australia: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Australia: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Indonesia: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Indonesia: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Europe: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Europe: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Germany: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Germany: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: France: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: France: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: United Kingdom: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: United Kingdom: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Italy: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Italy: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Spain: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Spain: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Russia: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Russia: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Latin America: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Latin America: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Brazil: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Brazil: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Mexico: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Mexico: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Others: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Others: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Middle East and Africa: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Middle East and Africa: Emergency Shutdown Systems Market: Breakup by Country (in %), 2022
- Figure 90: Middle East and Africa: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Global: Emergency Shutdown Systems Industry: SWOT Analysis
- Figure 92: Global: Emergency Shutdown Systems Industry: Value Chain Analysis
- Figure 93: Global: Emergency Shutdown Systems Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Emergency Shutdown Systems Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Emergency Shutdown Systems Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Emergency Shutdown Systems Market Forecast: Breakup by Control Method (in Million US$), 2023-2028
- Table 4: Global: Emergency Shutdown Systems Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 5: Global: Emergency Shutdown Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Emergency Shutdown Systems Market: Competitive Structure
- Table 7: Global: Emergency Shutdown Systems Market: Key Players
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