Emergency Shutdown System Market, Global Outlook and Forecast 2023-2030
The global Emergency Shutdown System market was valued at US$ 1564.1 million in 2022 and is projected to reach US$ 2422.6 million by 2029, at a CAGR of 6.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The oil & gas application accounted for the largest share among all applications of the ESD system market, followed by the power generation application. Safety is the most critical concern in the oil & gas industry. 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 ESD systems is expected to grow in the oil& gas application during the forecast period.
This report aims to provide a comprehensive presentation of the global market for Emergency Shutdown System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Emergency Shutdown System. This report contains market size and forecasts of Emergency Shutdown System in global, including the following market information:
- Global Emergency Shutdown System Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global top five companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Safety switches Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Emergency Shutdown System include ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Schneider Electric Se, Rockwell Automation, Siemens Ag, Yokogawa Electric Corp. and Omron Corporation, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Emergency Shutdown System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Emergency Shutdown System Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Emergency Shutdown System Market Segment Percentages, by Type, 2022 (%)
- Safety switches
- Emergency stop devices
- Safety controllers/modules/relays
- Safety sensors
- Logic solver/programmable safety systems
- Valves
- Actuators
Global Emergency Shutdown System Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Emergency Shutdown System Market Segment Percentages, by Application, 2022 (%)
- Power Generation
- Oil & Gas
- Refining
- Chemical
- Pharmaceutical
- Paper & Pulp
- Metal & Mining
- Food & Beverages
- Water & Wastewater
Global Emergency Shutdown System Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Emergency Shutdown System Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Emergency Shutdown System revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Emergency Shutdown System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- 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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Emergency Shutdown System, market overview.
Chapter 2: Global Emergency Shutdown System market size in revenue.
Chapter 3: Detailed analysis of Emergency Shutdown System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Emergency Shutdown System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
