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.
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1.1 Study Deliverables
1.2 Market Definition
1.3 Study Assumptions
2. Research Methodology
3. Executive Summary
4. Market Dynamics & Trends
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in number of global catastrophic accidents
4.2.2 Growing large scale production projects due to expansion of oil & gas industry
4.2.3 Governments stringent regulatory policies for industrial safety
4.3 Market Restraints
4.3.1 Complexity of ESDs
4.3.2 Unawareness of standards among end users
4.3.3 High initial and maintenance costs
4.4 Market Opportunities
4.5 Industry value chain analysis
4.6 Industry attractiveness - Porter's Five Force Model
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat from new entrants
4.6.4 Threat from substitute Product types
4.6.5 Competition rivalary within the industry
5. Technology Overview
5.1 Technology Snapshot
5.2 Recent Developments
6. Emergency Shutdown Systems - Market segmentation by Components
6.3 Field mouted Safety Sensors
6.4 System Logic Solvers/Programmable Safety Systems
6.5 Controllers & Trip Relays
6.6 Others (Switches, emergency stop devices and etc.)
7. Emergency Shutdown Systems - Market segmentation by Control Methods
7.2 Fiber Optic
7.4 Radio Telemetry
8. Emergency Shutdown Systems - Market segmentation by End User Vertical
8.1 Oil & Gas
8.3 Power Generation
8.5 Paper & Pulp
8.7 Others (Metals, Waste water management, food & beverages)
9. Emergency Shutdown Systems - Market segmentation by Geography
9.1 North America
9.4 Middle East
9.5 Latin America
10. Key Vendor Profiles
10.1 Rockwell Automation Inc.Corporation
10.2 Siemens AG
10.3 Schneider Electric
10.4 ABB Ltd.
10.5 Honeywell International Inc.
10.6 Yokogawa Electric Corp
10.7 General Electric
10.8 Emerson Electric Co.
10.10 Hima Paul Hildebrandt GmbH
10.11 Proserv Ingenious Simplicity
11. Vendor market share
12. Investor Outlook
12.1 Investment Scenario
12.2 Recent Mergers & Acquisitions
13. Future of Emergency Shutdown Systems