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Emergency Shutdown Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 146 pages | ID: E20D9CCFB297EN
IMARC Group

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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?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1Switches
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Sensors
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Programmable Safety Systems
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Safety Valves
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5Actuators
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6Others
  6.6.1 Market Trends
  6.6.2 Market Forecast

7 MARKET BREAKUP BY CONTROL METHOD

7.1Pneumatic
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Electrical
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Fiber Optic
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Hydraulic
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY INDUSTRY VERTICAL

8.1Oil and Gas
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Refining
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Power Generation
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Metal and Mining
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5Paper and Pulp
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North 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
9.2Asia-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
9.3Europe
  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
9.4Latin 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
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1ABB Ltd
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2Emerson 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
  14.3.3General 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
  14.3.4HIMA Paul Hildebrandt GmbH
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5Honeywell 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
  14.3.6Nov Inc.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7Rockwell 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
  14.3.8Schneider 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
  14.3.9Siemens Aktiengesellschaft
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10Versa Products Company Inc.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11Winn-Marion Companies
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12Yokogawa 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

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

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


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