PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1094324
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1094324
Emergency Shutdown Valves Market Forecasts to 2028 - Global Analysis By Product (Pneumatic, Hydraulic), Type (Manual Shutdown Valve, Automatic Shutdown Valve) and By Geography
According to Stratistics MRC, the Global Emergency Shutdown Valves Market is accounted for $263.07 million in 2021 and is expected to reach $403.46 million by 2028 growing at a CAGR of 6.3% during the forecast period. A shutdown valve is also known as SDV or emergency shutdown valve, ESV, ESD, or ESDV; or safety shutoff valve is an actuated valve designed to stop the flow of a hazardous fluid upon the detection of a dangerous event. This provides protection against possible harm to people, equipment or the environment.
Market Dynamics:
Driver:
Increase demand in oil & gas industry
Bigger wells and deeper pipelines are required by the oil and gas sector, which also concentrates on lowering production costs, this mandates the employment of specialized and crucial equipment in oil and gas facilities. Performance standards are growing increasingly severe as transportation, production, and processing equipment and technology advance to enable rising operating efficiencies. Moreover, the market is predicted to grow due to the expansion of several industrial infrastructure projects, an increase in the use of power in industrial processes, and an increase in the need for automation in the process industries. These factors are expected to drive the growth of the market during the forecast period.
Restraint:
Limitations Related to Services
The growth is predicted to be hampered by limited throttling, increased competition from local producers, and a significant risk of cavitation and choke flow. Domestic producers in nations like India are increasingly producing a variety of valves that meet global requirements, including severe-service valves. The bulk of field problems with valves is caused by improper installation practices. In addition, the high cost of valves may harm market growth.
Opportunity:
Increase in number of industrial infrastructure
Countries are expanding their industrial infrastructure rapidly to meet growth in demand from an increase in consumption. Large chemical & petrochemical plants, grass-root oil & gas refineries, and new power plants fuel the market growth. Moreover, capital spending for power generation has grown significantly in developing countries, especially in China and India. The oil and gas industry's increased upgrade and exploration efforts appear to bode well for the need for butterfly valves. Emerging regions of the world, such as the Middle East, Africa, and Latin America, could provide a profitable backdrop for the global market, ensuring steady expansion in tandem with the oil and gas boom. These factors are expected to provide various opportunities in the market during the forecast period.
Threat:
Lack of standardized norms and governing policies
The certifications and policies vary based on different applications, industries, and respective regions. The emergency valves find applications in different industries such as oil & gas, chemical, and petrochemical, energy & power, water & wastewater, building, and construction, acts as a restraining factor as valve manufacturers have to amend the same product concerning provincial policies. Thus, the lack of one certification and policy across the globe threatens the growth of the market.
Shipping segment is expected to be the largest during the forecast period
The Shipping segment is expected to be the largest during the forecast period as the emergency shutdown (ESD) system is a requirement of the IMO code for the carriage of liquefied gases in bulk and is a recommendation of SIGTTO. The ship's ESV system is active at all times, whether at sea or in port. When at sea all manifold and tank filling valves are held in the shut position and the cargo and spray pumps are held in the off position. The cargo compressors may be operated as normal, but will stop if an ESD is initiated. Additionally, manual activation of the shore ESD system will, through the ship/ shore link, set off the ship's ESD.
The oil & gas segment is expected to have the highest CAGR during the forecast period
The oil and gas industry accounted for the highest market share due to the increasing number of vehicles. This, in turn, will boost the demand for fuel. The rising investments in this industrial segment will boost the adoption of emergency shutdown valves for safety measures. Safety is the most critical concern in the oil & gas industry. The lack of proper safety systems in the oil & gas industry may lead to production loss, stress on affected components and systems, and hazards during system restoration. Therefore, the market for ESV is expected to grow in the oil& gas application during the forecast period.
Region with highest share:
The Asia Pacific is projected to hold the highest market share, owing to the increasing need for water treatment across different countries mainly Japan, and China, usage of valves in different end-use industry verticals mainly in oil & gas, water treatment industry, increase in refineries and chemical plants. Moreover, fuel demand is increasing due to rising sales of passenger cars escalating the demand for petrochemicals industries to increase their production capacities and eventually fuelling the market. Expanding energy sources, increasing pipeline transportation usage, increasing oil and gas reserves, increasing infrastructure projects due to fast urbanization and industrialization, and other factors are expected to boost the Asia Pacific market.
Region with highest CAGR:
North America is projected to have the highest CAGR, as North America is a key market for emergency valves as the province is home to a few of the largest multinational corporations, such as Emerson (US) and Cameron. The increasing R&D activities in the province pertaining to the use of actuators in the valves for automation and the rising demand for safety applications are among the crucial factors driving the market in North America. R&D at industry levels is broadening the application areas of it in different industries, such as energy & power and chemicals are some of the factors motivating the market growth in this province.
Key players in the market:
Some of the key players profiled in the Emergency Shutdown Valves Market include: Cameron, Emerson, Flowserve, Schneider Electric, Johnson Control, IMI, Parker Hannifin, General Electric, Metso, J Flow Controls, Rico, Winn-Marion, Pekos valves, MIR VALVE, PFF, Accord, DERVOS VALVES, AMOT, MOGAS.
Key developments:
- In May 2022: Emerson launched the TopWorx DX PST with HART 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications. The new DX PST integrates seamlessly with existing valves and control systems, giving operators access to critical valve data, trends and diagnostics that can be used to predict and schedule maintenance.
- In April 2020: Emerson announced its new Remote Assistance service capability to help plant operators immediately respond to industrial valve issues by using augmented reality (AR) technology. The AR technology uses a robust, secure channel certified as ISO 27001-compliant.
- In September 2019: Emerson acquired the Spence and Nicholson product lines from CIRCOR International, one of the key manufacturers of flow and motion control products for the most severe service- and mission-critical applications. The acquisition complemented Emerson's broad portfolio of steam system solutions for process industries and commercial buildings..
Products Covered:
- Pneumatic
- Hydraulic
- Electrical
Types Covered:
- Manual Shutdown Valve
- Automatic Shutdown Valve
End Users Covered:
- Chemical and Petrochemical
- Oil and Gas
- Power Industry
- Shipping
- Water and Wastewater
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Emergency Shutdown Valves Market, By Product
- 5.1 Introduction
- 5.2 Pneumatic
- 5.3 Hydraulic
- 5.4 Electrical
6 Global Emergency Shutdown Valves Market, By Type
- 6.1 Introduction
- 6.2 Manual Shutdown Valve
- 6.3 Automatic Shutdown Valve
7 Global Emergency Shutdown Valves Market, By End User
- 7.1 Introduction
- 7.2 Chemical and Petrochemical
- 7.3 Oil and Gas
- 7.4 Power Industry
- 7.5 Shipping
- 7.6 Water and Wastewater
8 Global Emergency Shutdown Valves Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Cameron
- 10.2 Emerson
- 10.3 Flowserve
- 10.4 Schneider Electric
- 10.5 Johnson Control
- 10.6 IMI
- 10.7 Parker Hannifin
- 10.8 General Electric
- 10.9 Metso
- 10.10 J Flow Controls
- 10.11 Rico
- 10.12 Winn-Marion
- 10.13 Pekos valves
- 10.14 MIR VALVE
- 10.15 PFF
- 10.16 Accord
- 10.17 DERVOS VALVES
- 10.18 AMOT
- 10.19 MOGAS
List of Tables
- Table 1 Global Emergency Shutdown Valves Market Outlook, By Region (2020-2028) (US $MN)
- Table 2 Global Emergency Shutdown Valves Market Outlook, By Product (2020-2028) (US $MN)
- Table 3 Global Emergency Shutdown Valves Market Outlook, By Pneumatic (2020-2028) (US $MN)
- Table 4 Global Emergency Shutdown Valves Market Outlook, By Hydraulic (2020-2028) (US $MN)
- Table 5 Global Emergency Shutdown Valves Market Outlook, By Electrical (2020-2028) (US $MN)
- Table 6 Global Emergency Shutdown Valves Market Outlook, By Type (2020-2028) (US $MN)
- Table 7 Global Emergency Shutdown Valves Market Outlook, By Manual Shutdown Valve (2020-2028) (US $MN)
- Table 8 Global Emergency Shutdown Valves Market Outlook, By Automatic Shutdown Valve (2020-2028) (US $MN)
- Table 9 Global Emergency Shutdown Valves Market Outlook, By End User (2020-2028) (US $MN)
- Table 10 Global Emergency Shutdown Valves Market Outlook, By Chemical and Petrochemical (2020-2028) (US $MN)
- Table 11 Global Emergency Shutdown Valves Market Outlook, By Oil and gas (2020-2028) (US $MN)
- Table 12 Global Emergency Shutdown Valves Market Outlook, By Power Industry (2020-2028) (US $MN)
- Table 13 Global Emergency Shutdown Valves Market Outlook, By Shipping (2020-2028) (US $MN)
- Table 14 Global Emergency Shutdown Valves Market Outlook, By Water and Wastewater (2020-2028) (US $MN)
- Table 15 North America Emergency Shutdown Valves Market Outlook, By Region (2020-2028) (US $MN)
- Table 16 North America Emergency Shutdown Valves Market Outlook, By Product (2020-2028) (US $MN)
Table17 North America Emergency Shutdown Valves Market Outlook, By Pneumatic (2020-2028) (US $MN)
- Table 18 North America Emergency Shutdown Valves Market Outlook, By Hydraulic (2020-2028) (US $MN)
- Table 19 North America Emergency Shutdown Valves Market Outlook, By Electrical (2020-2028) (US $MN)
- Table 20 North America Emergency Shutdown Valves Market Outlook, By Type (2020-2028) (US $MN)
- Table 21 North America Emergency Shutdown Valves Market Outlook, By Manual Shutdown Valve (2020-2028) (US $MN)
- Table 22 North America Emergency Shutdown Valves Market Outlook, By Automatic Shutdown Valve (2020-2028) (US $MN)
- Table 23 North America Emergency Shutdown Valves Market Outlook, By End User (2020-2028) (US $MN)
- Table 24 North America Emergency Shutdown Valves Market Outlook, By Chemical and Petrochemical (2020-2028) (US $MN)
- Table 25 North America Emergency Shutdown Valves Market Outlook, By Oil and gas (2020-2028) (US $MN)
- Table 26 North America Emergency Shutdown Valves Market Outlook, By Power Industry (2020-2028) (US $MN)
- Table 27 North America Emergency Shutdown Valves Market Outlook, By Shipping (2020-2028) (US $MN)
- Table 28 North America Emergency Shutdown Valves Market Outlook, By Water and Wastewater (2020-2028) (US $MN)
- Table 29 Europe Emergency Shutdown Valves Market Outlook, By Region (2020-2028) (US $MN)
- Table 30 Europe Emergency Shutdown Valves Market Outlook, By Product (2020-2028) (US $MN)
- Table 31 Europe Emergency Shutdown Valves Market Outlook, By Pneumatic (2020-2028) (US $MN)
- Table 32 Europe Emergency Shutdown Valves Market Outlook, By Hydraulic (2020-2028) (US $MN)
- Table 33 Europe Emergency Shutdown Valves Market Outlook, By Electrical (2020-2028) (US $MN)
- Table 34 Europe Emergency Shutdown Valves Market Outlook, By Type (2020-2028) (US $MN)
- Table 35 Europe Emergency Shutdown Valves Market Outlook, By Manual Shutdown Valve (2020-2028) (US $MN)
- Table 36 Europe Emergency Shutdown Valves Market Outlook, By Automatic Shutdown Valve (2020-2028) (US $MN)
- Table 37 Europe Emergency Shutdown Valves Market Outlook, By End User (2020-2028) (US $MN)
- Table 38 Europe Emergency Shutdown Valves Market Outlook, By Chemical and Petrochemical (2020-2028) (US $MN)
- Table 39 Europe Emergency Shutdown Valves Market Outlook, By Oil and gas (2020-2028) (US $MN)
- Table 40 Europe Emergency Shutdown Valves Market Outlook, By Power Industry (2020-2028) (US $MN)
- Table 41 Europe Emergency Shutdown Valves Market Outlook, By Shipping (2020-2028) (US $MN)
- Table 42 Europe Emergency Shutdown Valves Market Outlook, By Water and Wastewater (2020-2028) (US $MN)
- Table 43 Asia Pacific Emergency Shutdown Valves Market Outlook, By Region (2020-2028) (US $MN)
- Table 44 Asia Pacific Emergency Shutdown Valves Market Outlook, By Product (2020-2028) (US $MN)
- Table 45 Asia Pacific Emergency Shutdown Valves Market Outlook, By Pneumatic (2020-2028) (US $MN)
- Table 46 Asia Pacific Emergency Shutdown Valves Market Outlook, By Hydraulic (2020-2028) (US $MN)
- Table 47 Asia Pacific Emergency Shutdown Valves Market Outlook, By Electrical (2020-2028) (US $MN)
- Table 48 Asia Pacific Emergency Shutdown Valves Market Outlook, By Type (2020-2028) (US $MN)
- Table 49 Asia Pacific Emergency Shutdown Valves Market Outlook, By Manual Shutdown Valve (2020-2028) (US $MN)
- Table 50 Asia Pacific Emergency Shutdown Valves Market Outlook, By Automatic Shutdown Valve (2020-2028) (US $MN)
- Table 51 Asia Pacific Emergency Shutdown Valves Market Outlook, By End User (2020-2028) (US $MN)
- Table 52 Asia Pacific Emergency Shutdown Valves Market Outlook, By Chemical and Petrochemical (2020-2028) (US $MN)
- Table 53 Asia Pacific Emergency Shutdown Valves Market Outlook, By Oil and gas (2020-2028) (US $MN)
- Table 54 Asia Pacific Emergency Shutdown Valves Market Outlook, By Power Industry (2020-2028) (US $MN)
- Table 55 Asia Pacific Emergency Shutdown Valves Market Outlook, By Shipping (2020-2028) (US $MN)
- Table 56 Asia Pacific Emergency Shutdown Valves Market Outlook, By Water and Wastewater (2020-2028) (US $MN)
- Table 57 South America Emergency Shutdown Valves Market Outlook, By Region (2020-2028) (US $MN)
- Table 58 South America Emergency Shutdown Valves Market Outlook, By Product (2020-2028) (US $MN)
- Table 59 South America Emergency Shutdown Valves Market Outlook, By Pneumatic (2020-2028) (US $MN)
- Table 60 South America Emergency Shutdown Valves Market Outlook, By Hydraulic (2020-2028) (US $MN)
- Table 61 South America Emergency Shutdown Valves Market Outlook, By Electrical (2020-2028) (US $MN)
- Table 62 South America Emergency Shutdown Valves Market Outlook, By Type (2020-2028) (US $MN)
- Table 63 South America Emergency Shutdown Valves Market Outlook, By Manual Shutdown Valve (2020-2028) (US $MN)
- Table 64 South America Emergency Shutdown Valves Market Outlook, By Automatic Shutdown Valve (2020-2028) (US $MN)
- Table 65 South America Emergency Shutdown Valves Market Outlook, By End User (2020-2028) (US $MN)
- Table 66 South America Emergency Shutdown Valves Market Outlook, By Chemical and Petrochemical (2020-2028) (US $MN)
- Table 67 South America Emergency Shutdown Valves Market Outlook, By Oil and gas (2020-2028) (US $MN)
- Table 68 South America Emergency Shutdown Valves Market Outlook, By Power Industry (2020-2028) (US $MN)
- Table 69 South America Emergency Shutdown Valves Market Outlook, By Shipping (2020-2028) (US $MN)
- Table 70 South America Emergency Shutdown Valves Market Outlook, By Water and Wastewater (2020-2028) (US $MN)
- Table 71 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Region (2020-2028) (US $MN)
- Table 72 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Product (2020-2028) (US $MN)
- Table 73 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Pneumatic (2020-2028) (US $MN)
- Table 74 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Hydraulic (2020-2028) (US $MN)
- Table 75 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Electrical (2020-2028) (US $MN)
- Table 76 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Type (2020-2028) (US $MN)
- Table 77 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Manual Shutdown Valve (2020-2028) (US $MN)
- Table 78 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Automatic Shutdown Valve (2020-2028) (US $MN)
- Table 79 Middle East & Africa Emergency Shutdown Valves Market Outlook, By End User (2020-2028) (US $MN)
- Table 80 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Chemical and Petrochemical (2020-2028) (US $MN)
- Table 81 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Oil and gas (2020-2028) (US $MN)
- Table 82 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Power Industry (2020-2028) (US $MN)
- Table 83 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Shipping (2020-2028) (US $MN)
- Table 84 Middle East & Africa Emergency Shutdown Valves Market Outlook, By Water and Wastewater (2020-2028) (US $MN)
