Market Overview:
The global industrial emergency shutdown systems market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for safety controllers/modules/relays, safety switches, logic solver/programmable safety systems, emergency stop devices, actuators and valves in various industrial applications such as oil and gas, chemical and petrochemical, pharmaceuticals water and wastewater treatment plants etc.
Product Definition:
An industrial emergency shutdown system is a system that is used to quickly and safely shut down a process or plant in the event of an emergency. The importance of industrial emergency shutdown systems is that they can help prevent accidents and injuries, as well as protect the environment.
Safety controllers/modules/relays:
Safety controllers/modules/relays are used in the industrial emergency shutdown systems to protect the plant from hazards due to machine errors or unexpected situations. These devices help in switching off the power supply before any accidents occur, which cannot be switched off using normal switches. The main function of safety controllers is to interrupt a dangerous situation and make sure that no harm comes to operators or other equipment installed at a plant.
Safety switches:
Safety switches are used in industrial emergency shutdown systems to protect the plant from fire hazards and other emergencies. These devices are installed at critical locations in the power supply network of a facility. They interrupt electric current flow when an emergency occurs, thereby protecting the plant equipment from damage due to short circuits or open circuits.
These devices have applications across various industries including chemical, oil & gas, pulp & paper.
Application Insights:
The global demand for EDS has witnessed a paradigm shift due to rising safety concerns and need for robust protection systems in industries. The oil and gas industry was the largest consumer of these devices accounting for over 25% of the overall market revenue in 2017. The growth can be attributed to stringent regulations implemented by regional governments across various countries, such as Mexico, China, Australia etc., regarding shutdown of operations during emergencies such as fire or natural disasters.
Industrial emergency shutdown systems are used across multiple applications including chemical and petrochemical plants, pharmaceuticals & healthcare facilities among others which require controlled plant closures during emergencies or when there is a risk of accidents occurring at any time without prior warning. These devices help prevent accidents by shutting down critical industrial processes that may result in loss of life or property damage if not controlled properly leading to an emergency situation at the site.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to various factors such as increasing industrial activities, stringent government regulations, and rising investments in automation. For instance, China has made huge investments in automation and has installed more than 300 million units of industrial robots since 2005. This factor is anticipated to propel product demand across numerous industries in China over the coming years.
Europe accounted for a significant share of revenue share owing to early adoption of shutdown systems across several industries including oil and gas, chemical and petrochemical, pharmaceuticals among others that are highly susceptible to accidental releases or emergencies caused by power outages or other causes such as fire/smoke/gas leak etc., Also Europe being a manufacturing hub for several high-end luxury vehicles among others which have safety features incorporated with emergency shut down systems will drive regional market growth during the forecast period.
Growth Factors:
- Increasing demand for industrial safety systems
- Growing awareness about the benefits of industrial emergency shutdown systems
- Proliferation of smart factories and Industry 4.0 initiatives
- Rising concerns over environmental pollution and safety hazards in industrial plants
- Technological advancements in emergency shutdown systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Emergency Shutdown Systems Market Research Report
By Type
Safety controllers/modules/relays, Safety switches, Logic solver/programmable safety systems, Emergency stop devices, Actuators, Safety sensors, Valves
By Application
Oil and Gas, Chemical and Petrochemical, Pharmaceutical, Water and Wastewater, Pulp and Paper
By Companies
ABB, Rockwell Automation, Schneider Electric, Yokogawa Electric, Emerson, Esoterica, General Electric, HIMA Paul Hildebrandt, Honeywell, Johnson Controls, Norgren, OMRON, Siemens, Johnson Controls
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Emergency Shutdown Systems Market Report Segments:
The global Industrial Emergency Shutdown Systems market is segmented on the basis of:
Types
Safety controllers/modules/relays, Safety switches, Logic solver/programmable safety systems, Emergency stop devices, Actuators, Safety sensors, Valves
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
Oil and Gas, Chemical and Petrochemical, Pharmaceutical, Water and Wastewater, Pulp and Paper
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
- Rockwell Automation
- Schneider Electric
- Yokogawa Electric
- Emerson
- Esoterica
- General Electric
- HIMA Paul Hildebrandt
- Honeywell
- Johnson Controls
- Norgren
- OMRON
- Siemens
- Johnson Controls
Highlights of The Industrial Emergency Shutdown Systems 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 controllers/modules/relays
- Safety switches
- Logic solver/programmable safety systems
- Emergency stop devices
- Actuators
- Safety sensors
- Valves
- By Application:
- Oil and Gas
- Chemical and Petrochemical
- Pharmaceutical
- Water and Wastewater
- Pulp and Paper
- 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 Industrial Emergency Shutdown Systems 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?
Industrial emergency shutdown systems are designed to automatically shut down a plant or factory in the event of an emergency. These systems can be activated by sensors, alarms, or manually by operators. Shutdown procedures may involve stopping production lines, shutting down power supplies, and evacuating workers.
Some of the major players in the industrial emergency shutdown systems market are ABB, Rockwell Automation, Schneider Electric, Yokogawa Electric, Emerson, Esoterica, General Electric, HIMA Paul Hildebrandt, Honeywell, Johnson Controls, Norgren, OMRON, Siemens, Johnson Controls.
The industrial emergency shutdown systems 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 Industrial Emergency Shutdown Systems 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 Industrial Emergency Shutdown Systems Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Emergency Shutdown Systems 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 Industrial Emergency Shutdown Systems 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 Industrial Emergency Shutdown Systems Market Size & Forecast, 2020-2028 4.5.1 Industrial Emergency Shutdown Systems Market Size and Y-o-Y Growth 4.5.2 Industrial Emergency Shutdown Systems 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 controllers/modules/relays
5.2.2 Safety switches
5.2.3 Logic solver/programmable safety systems
5.2.4 Emergency stop devices
5.2.5 Actuators
5.2.6 Safety sensors
5.2.7 Valves
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 Oil and Gas
6.2.2 Chemical and Petrochemical
6.2.3 Pharmaceutical
6.2.4 Water and Wastewater
6.2.5 Pulp and Paper
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Emergency Shutdown Systems 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 Industrial Emergency Shutdown Systems 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 controllers/modules/relays
9.6.2 Safety switches
9.6.3 Logic solver/programmable safety systems
9.6.4 Emergency stop devices
9.6.5 Actuators
9.6.6 Safety sensors
9.6.7 Valves
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 Oil and Gas
9.10.2 Chemical and Petrochemical
9.10.3 Pharmaceutical
9.10.4 Water and Wastewater
9.10.5 Pulp and Paper
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 controllers/modules/relays
10.6.2 Safety switches
10.6.3 Logic solver/programmable safety systems
10.6.4 Emergency stop devices
10.6.5 Actuators
10.6.6 Safety sensors
10.6.7 Valves
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 Oil and Gas
10.10.2 Chemical and Petrochemical
10.10.3 Pharmaceutical
10.10.4 Water and Wastewater
10.10.5 Pulp and Paper
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 controllers/modules/relays
11.6.2 Safety switches
11.6.3 Logic solver/programmable safety systems
11.6.4 Emergency stop devices
11.6.5 Actuators
11.6.6 Safety sensors
11.6.7 Valves
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 Oil and Gas
11.10.2 Chemical and Petrochemical
11.10.3 Pharmaceutical
11.10.4 Water and Wastewater
11.10.5 Pulp and Paper
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 controllers/modules/relays
12.6.2 Safety switches
12.6.3 Logic solver/programmable safety systems
12.6.4 Emergency stop devices
12.6.5 Actuators
12.6.6 Safety sensors
12.6.7 Valves
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 Oil and Gas
12.10.2 Chemical and Petrochemical
12.10.3 Pharmaceutical
12.10.4 Water and Wastewater
12.10.5 Pulp and Paper
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 controllers/modules/relays
13.6.2 Safety switches
13.6.3 Logic solver/programmable safety systems
13.6.4 Emergency stop devices
13.6.5 Actuators
13.6.6 Safety sensors
13.6.7 Valves
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 Oil and Gas
13.10.2 Chemical and Petrochemical
13.10.3 Pharmaceutical
13.10.4 Water and Wastewater
13.10.5 Pulp and Paper
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 Industrial Emergency Shutdown Systems Market: Competitive Dashboard
14.2 Global Industrial Emergency Shutdown Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Rockwell Automation
14.3.3 Schneider Electric
14.3.4 Yokogawa Electric
14.3.5 Emerson
14.3.6 Esoterica
14.3.7 General Electric
14.3.8 HIMA Paul Hildebrandt
14.3.9 Honeywell
14.3.10 Johnson Controls
14.3.11 Norgren
14.3.12 OMRON
14.3.13 Siemens
14.3.14 Johnson Controls