Market Overview:
The global emergency shutdown system market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing demand for safety switches, emergency stop devices, and safety controllers/modules/relays in various industrial applications. The market for valves and actuators is also expected to grow during the forecast period owing to the increasing demand from various end-use industries. The power generation segment accounted for the largest share of the global emergency shutdown system market in 2017. This segment is projected to grow at a CAGR of 6% from 2018 to 2030 due to the growing demand for power generation worldwide.
Product Definition:
Emergency Shutdown System is a system used to shut down the plant in case of an emergency. The importance of Emergency Shutdown System is that it allows operators to safely shut down the plant in case of an emergency.
Safety switches:
Safety switches, also known as protective relays or emergency shutdown devices (ESD) are used to protect electronic equipment from damage due to high voltage. They are mainly used in power transformers and circuit breakers for protection & control of electric circuits. The product is a key component in the design of an effective ESD which ensures the safe operation of electrical components during abnormal operating conditions such as short circuits, overvoltage, and arc-fault current.
Emergency stop devices:
An emergency stop device is a safety mechanism that halts the movement of a machine in case of any problem. It is mainly used to protect the lives of workers and prevent injuries during machine operation. The most common types are brake systems, but there are other devices as well such as clutch systems, interlocks, and safeties.
Emergency shutdown system market by Geographical Region: North America (U.S.
Application Insights:
The power generation segment dominated the global emergency shutdown system market in terms of revenue in 2017. The growth can be attributed to the increasing demand for electricity from industrial sectors, especially across emerging economies. Furthermore, stringent government regulations regarding safety and reliability coupled with rising investments by power generation companies are expected to drive the segment over the forecast period.
Oil & gas emerged as a prominent application sector and accounted for 20% of total market volume in 2017 owing to growing concerns about plant safety during refinery operations along with increasing crude oil production across major economies such as Saudi Arabia, Russia, U.S., China Canada etc., which is resulting into an increased requirement of emergency shutdown systems at oil & gas plants globally.
Refineries also represented another significant application sector within ESS industry due to their complexity and size; they need advanced technologies that can ensure safe.
Regional Analysis:
North America dominated the global market in 2017. The U.S., which is at the forefront of this regional market, has a well-established oil and gas industry that uses ESS extensively for plant protection and safety purposes. Europe accounted for over 25% of the overall revenue share in 2017 owing to its well-established power generation sector that makes extensive use of emergency shutdown systems to prevent accidents from occurring due to human error or machine failure.
Asia Pacific is expected to register significant growth over the forecast period owing to rapid industrialization coupled with government initiatives pertaining towards improving workplace safety standards across various industries, especially in India and China.
Growth Factors:
- Increasing demand for emergency shutdown systems in the oil and gas industry to prevent accidental explosions and fires
- Growing popularity of emergency shutdown systems in chemical processing plants to avoid hazardous leaks
- Proliferation of industrial automation across various process industries, which is driving the need for reliable emergency shutdown systems
- Stringent safety regulations by government agencies worldwide that mandate installation of emergency shutdown systems in industries
- Rising awareness among plant operators about the benefits of using emergency shutdown systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Emergency Shutdown System Market Research Report
By Type
Safety switches, Emergency stop devices, Safety controllers/modules/relays, Safety sensors, Logic solver/programmable safety systems, Valves, Actuators
By Application
Power Generation, Oil & Gas, Refining, Chemical, Pharmaceutical, Paper & Pulp, Metal & Mining, Food & Beverages, Water & Wastewater
By Companies
ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Schneider Electric Se, Rockwell Automation, Siemens Ag, Yokogawa Electric Corp., Omron Corporation, Proserv Ingenious Simplicity, Hima Paul Hildebrandt GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Emergency Shutdown System Market Report Segments:
The global Emergency Shutdown System market is segmented on the basis of:
Types
Safety switches, Emergency stop devices, Safety controllers/modules/relays, Safety sensors, Logic solver/programmable safety systems, Valves, Actuators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Oil & Gas, Refining, Chemical, Pharmaceutical, Paper & Pulp, Metal & Mining, Food & Beverages, Water & Wastewater
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB Ltd.
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- Schneider Electric Se
- Rockwell Automation
- Siemens Ag
- Yokogawa Electric Corp.
- Omron Corporation
- Proserv Ingenious Simplicity
- Hima Paul Hildebrandt GmbH
Highlights of The Emergency Shutdown System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Safety switches
- Emergency stop devices
- Safety controllers/modules/relays
- Safety sensors
- Logic solver/programmable safety systems
- Valves
- Actuators
- By Application:
- Power Generation
- Oil & Gas
- Refining
- Chemical
- Pharmaceutical
- Paper & Pulp
- Metal & Mining
- Food & Beverages
- Water & Wastewater
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Emergency Shutdown System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Emergency Shutdown System (ESS) is a safety feature on some vehicles that shuts down the engine and lights in the event of a power loss.
Some of the major companies in the emergency shutdown system market are ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Schneider Electric Se, Rockwell Automation, Siemens Ag, Yokogawa Electric Corp., Omron Corporation, Proserv Ingenious Simplicity, Hima Paul Hildebrandt GmbH.
The emergency shutdown system market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Emergency Shutdown System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Emergency Shutdown System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Emergency Shutdown System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Emergency Shutdown System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Emergency Shutdown System Market Size & Forecast, 2020-2028 4.5.1 Emergency Shutdown System Market Size and Y-o-Y Growth 4.5.2 Emergency Shutdown System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Safety switches
5.2.2 Emergency stop devices
5.2.3 Safety controllers/modules/relays
5.2.4 Safety sensors
5.2.5 Logic solver/programmable safety systems
5.2.6 Valves
5.2.7 Actuators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Oil & Gas
6.2.3 Refining
6.2.4 Chemical
6.2.5 Pharmaceutical
6.2.6 Paper & Pulp
6.2.7 Metal & Mining
6.2.8 Food & Beverages
6.2.9 Water & Wastewater
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Emergency Shutdown System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Emergency Shutdown System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Safety switches
9.6.2 Emergency stop devices
9.6.3 Safety controllers/modules/relays
9.6.4 Safety sensors
9.6.5 Logic solver/programmable safety systems
9.6.6 Valves
9.6.7 Actuators
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Oil & Gas
9.10.3 Refining
9.10.4 Chemical
9.10.5 Pharmaceutical
9.10.6 Paper & Pulp
9.10.7 Metal & Mining
9.10.8 Food & Beverages
9.10.9 Water & Wastewater
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Safety switches
10.6.2 Emergency stop devices
10.6.3 Safety controllers/modules/relays
10.6.4 Safety sensors
10.6.5 Logic solver/programmable safety systems
10.6.6 Valves
10.6.7 Actuators
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Oil & Gas
10.10.3 Refining
10.10.4 Chemical
10.10.5 Pharmaceutical
10.10.6 Paper & Pulp
10.10.7 Metal & Mining
10.10.8 Food & Beverages
10.10.9 Water & Wastewater
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Safety switches
11.6.2 Emergency stop devices
11.6.3 Safety controllers/modules/relays
11.6.4 Safety sensors
11.6.5 Logic solver/programmable safety systems
11.6.6 Valves
11.6.7 Actuators
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Oil & Gas
11.10.3 Refining
11.10.4 Chemical
11.10.5 Pharmaceutical
11.10.6 Paper & Pulp
11.10.7 Metal & Mining
11.10.8 Food & Beverages
11.10.9 Water & Wastewater
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Safety switches
12.6.2 Emergency stop devices
12.6.3 Safety controllers/modules/relays
12.6.4 Safety sensors
12.6.5 Logic solver/programmable safety systems
12.6.6 Valves
12.6.7 Actuators
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Oil & Gas
12.10.3 Refining
12.10.4 Chemical
12.10.5 Pharmaceutical
12.10.6 Paper & Pulp
12.10.7 Metal & Mining
12.10.8 Food & Beverages
12.10.9 Water & Wastewater
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Safety switches
13.6.2 Emergency stop devices
13.6.3 Safety controllers/modules/relays
13.6.4 Safety sensors
13.6.5 Logic solver/programmable safety systems
13.6.6 Valves
13.6.7 Actuators
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Oil & Gas
13.10.3 Refining
13.10.4 Chemical
13.10.5 Pharmaceutical
13.10.6 Paper & Pulp
13.10.7 Metal & Mining
13.10.8 Food & Beverages
13.10.9 Water & Wastewater
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Emergency Shutdown System Market: Competitive Dashboard
14.2 Global Emergency Shutdown System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB Ltd.
14.3.2 Emerson Electric Co.
14.3.3 General Electric Company
14.3.4 Honeywell International Inc.
14.3.5 Schneider Electric Se
14.3.6 Rockwell Automation
14.3.7 Siemens Ag
14.3.8 Yokogawa Electric Corp.
14.3.9 Omron Corporation
14.3.10 Proserv Ingenious Simplicity
14.3.11 Hima Paul Hildebrandt GmbH