Global Emergency Shutdown Systems Market - By Components (Valves, Actuators, Field mouted Safety Sensors, System Logic Solvers or Programmable Safety Systems, Controllers and Trip Relays), Control Methods (Electrical, Fiber Optic, Pneumatic, Radio Telemetry), Industry, Geography, Trends, Forecast - (2017 - 2022)

Published - Jan 2017 | Category - ICT and Media | No. of Pages - 148 | Published By - Mordor Intelligence

Report Highlights

The Global Emergency Shutdown Systems (ESS) Market is valued at USD 1032.2 million in 2016 and is expected to reach a value of USD 1731.1 million by the end of 2022, growing at a projected CAGR of 9% during the forecast period of 2017 - 2022. An Emergency Shutdown System minimizes the occurrences of hazardous situations and the corresponding consequences. The main objectives of an emergency shutdown system is protection of human life and plant equipment, avoiding the chances of unnecessary plant shutdown.

Emergency Shutdown System has the ability to initiate halting or shutdown of a plant or unit or any specific equipment when hazardous situations like hydrocarbons escape, uncontrolled flooding and etc. The end users of Emergency Shutdown systems are spread across many industrial verticals. Majority of the production units, manufacturing plants, hazardous operation processes deploy these ESDs. Oil & Gas operations which occupies the major share of ESD market and Power generation units are the major end users among others in the current market where safety has become the primary concern.

Rise in number of catastrophic accidents globally, governments stringent regulatory policies for industrial safety, growing number of large scale production projects which needs more sophisticated plant control systems and the rising demand for the ESDs due to the rapid expansion of oil and gas industry are the major drivers of the global emergency shutdown system market. However the complexity of the ESDs, extra costs incurred to the organization due to high initial and maintenance costs and the unawareness of standards among the end users may hinder the growth of the emergency shutdown system market.

The emergence of Programmable safety systems integration in ESDs and the rising popularity of Industrial Internet of things create a platform for growth opportunities in the market. However choosing appropriate ESDs which suit the unit or machinery is the challenge for the organizations to overcome.

The market of Emergency Shutdown System can be segmented based on the following criteria: components (Valves, Actuators, Field mounted safety sensors, System Logic Solvers/Programmable Safety Systems, Controllers & Trip relays and Others), Control Methods (Electrical, Fiber Optic, Pneumatic and Radio Telemetry), End user vertical (Oil & Gas ,Refining, Power generation, Mining, Paper & Pulp, Chemical and Others ) and Geographic Location (Europe, Asia-Pacific region, North America, Latin America and MEA). Safety sensors holds the major share of Global ESD market followed by the Valves.

Europe occupies the major share of the ESD market in 2015. Due to rapid industrialization ESD market is expected to achieve high growth rate in the forecast period. The study has listed the major global market players along with their market shares and growth strategies. The key market players of global ESD market includes Rockwell Automation Inc., Siemens AG, Schneider Electric, ABB Ltd., Honeywell International Inc., Yokogawa Electric Corp, General Electric, Emerson Electric Co. and Omron Corporation.

Key deliverables of the study

Market definition of Emergency Shutdown Systems in the global market along with market drivers and restraints.

Market segmentation and the corresponding market share analysis.

Global and region specific competitive market analysis of Emergency Shutdown Systems.

Analysis on the key factors which influence the market scenarios along with the growth opportunities.

Identifying the market leaders and analyzing their strategic moves and their market share.

Covers the market landscape with the geographical foot print, key growth strategies and competitive market share analysis.

This report provide in-depth analysis for the Porter's five forces of the market. All these five major factors in the market have been quantified using the internal key parameters governing each of them.
 

Quick Buy

Latest Publications