Emergency Shutdown Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Quick Summary:

Navigating the dynamic world of emergency shutdown systems is a growing demand in sectors such as oil and gas, refining, and power generation. This report eloquently breaks down the current market landscape for these essential tools. Experiencing a solid growth rate, emergency shutdown systems are recognized not just for averting large-scale tragedies, but also for their reliable, safe, flexible, and accurate functions. The report casts light on how these technological marvels are extensively utilized across various industries, enhancing operations and safety protocols simultaneously.

Steeped in comprehensive analysis, the report highlights significant trends within the emergency shutdown systems market. From the burgeoning refinement and power sectors' need for these systems to the rising utilization in areas like pharmaceuticals, where potentially hazardous materials are everyday fundamentals. Focus is also laid on the ongoing technological advancements, such as the integration of the Internet of Things (IoT) for real-time monitoring, and the broadening adoption in industries like power generation. With ever-increasing emphasis on workplace safety and the adoption of rigorous safety protocols by numerous governments, this report becomes an invaluable resource for executives seeking a deep understanding of the current market and its projected trajectory.

The global emergency shutdown systems market size reached US$ 2.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028.

Emergency shutdown systems are specialized control systems designed to minimize the consequences of emergencies, such as uncontrolled flooding, and provide safe operations. They consist of valves, field-mounted sensors, actuators, safety sensors, emergency stop devices, programmable safety systems, safety modules, and relays. These systems are widely used to reduce the chances of possible explosions and an outbreak of fire in hydrocarbon carrying areas and other hazardous areas. Emergency shutdown systems assist in closing watertight and fire doors, isolating electrical equipment and shutting and depressurizing system parts and equipment. They are highly reliable, safe, flexible, accurate, and provide faster response time. As a result, they find extensive application across various industries, such as refining, pharmaceuticals, paper and pulp, power generation, metal and mining, oil and gas.

Emergency Shutdown Systems Market Trends:

Significant growth in the oil and gas industry is one of the key factors creating a positive outlook for the market. Emergency shutdown systems are commonly used to minimize the risk of major incidents and prevent the pressure from bursting through the wellhead. In line with this, the increasing product demand, especially from offshore refineries, is favoring the market growth. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) in emergency shutdown systems to provide real-time monitoring, are boosting the market growth. Additionally, the rapid adoption of emergency shutdown systems in the pharmaceutical industry due to the involvement of toxic ingredients and heating and cooling agents is positively impacting the market growth. Other factors, such as the rising demand for emergency shutdown systems across the power generation industry and the implementation of various government initiatives for workplace safety, are driving the market growth across the globe.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global emergency shutdown systems market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on component, control method and industry vertical.

Breakup by Component:

Switches
Sensors
Programmable Safety Systems
Safety Valves
Actuators
Others

Breakup by Control Method:

Pneumatic
Electrical
Fiber Optic
Hydraulic
Others

Breakup by Industry Vertical:

Oil and Gas
Refining
Power Generation
Metal and Mining
Paper and Pulp
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Emerson Electric Co., General Electric Company, HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Nov Inc., Rockwell Automation Inc, Schneider Electric SE, Siemens Aktiengesellschaft, Versa Products Company Inc., Winn-Marion Companies and Yokogawa Electric Corporation.

Key Questions Answered in This Report

1. What was the size of the global emergency shutdown systems market in 2022?
2. What is the expected growth rate of the global emergency shutdown systems market during 2023-2028?
3. What has been the impact of COVID-19 on the global emergency shutdown systems market?
4. What are the key factors driving the global emergency shutdown systems market?
5. What is the breakup of the global emergency shutdown systems market based on the control method?
6. What is the breakup of the global emergency shutdown systems market based on the industry vertical?
7. What are the key regions in the global emergency shutdown systems market?
8. Who are the key players/companies in the global emergency shutdown systems market?

Frequently Asked Questions about the Global Emergency Shutdown Systems Market

What is the estimated value of the Global Emergency Shutdown Systems Market?

The Global Emergency Shutdown Systems Market was estimated to be valued at $2 Billion in 2022.

What is the growth rate of the Global Emergency Shutdown Systems Market?

The growth rate of the Global Emergency Shutdown Systems Market is 9.8%, with an estimated value of $3.5 Billion by 2028.

What is the forecasted size of the Global Emergency Shutdown Systems Market?

The Global Emergency Shutdown Systems Market is estimated to be worth $3.5 Billion by 2028.

Who are the key companies in the Global Emergency Shutdown Systems Market?

Key companies in the Global Emergency Shutdown Systems Market include ABB Ltd, Emerson Electric Co., General Electric Company, HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Nov Inc., Rockwell Automation Inc, Schneider Electric SE, Siemens Aktiengesellschaft and Versa Products Company Inc..

Report Attribute	Details
No. of Pages	146
Published	September 2023
Forecast Period	2022 - 2028
Estimated Market Value ( USD ) in 2022	$ 2 Billion
Forecasted Market Value ( USD ) by 2028	$ 3.5 Billion
Compound Annual Growth Rate	9.8%
Regions Covered	Global
No. of Companies Mentioned	11

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Emergency Shutdown Systems Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Component

6.1 Switches
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Sensors
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Programmable Safety Systems
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Safety Valves
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Actuators
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast

7 Market Breakup by Control Method

7.1 Pneumatic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electrical
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fiber Optic
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Hydraulic
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast

8 Market Breakup by Industry Vertical

8.1 Oil and Gas
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Refining
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Power Generation
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Metal and Mining
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Paper and Pulp
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast

9 Market Breakup by Region

9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Emerson Electric Co.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 General Electric Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 HIMA Paul Hildebrandt GmbH
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Honeywell International Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Nov Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Rockwell Automation Inc
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Schneider Electric SE
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Siemens Aktiengesellschaft
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Versa Products Company Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Winn-Marion Companies
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Yokogawa Electric Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis

List of Tables

Figure 1: Global: Emergency Shutdown Systems Market: Major Drivers and Challenges
Figure 2: Global: Emergency Shutdown Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Emergency Shutdown Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Emergency Shutdown Systems Market: Breakup by Component (in %), 2022
Figure 5: Global: Emergency Shutdown Systems Market: Breakup by Control Method (in %), 2022
Figure 6: Global: Emergency Shutdown Systems Market: Breakup by Industry Vertical (in %), 2022
Figure 7: Global: Emergency Shutdown Systems Market: Breakup by Region (in %), 2022
Figure 8: Global: Emergency Shutdown Systems (Switches) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Emergency Shutdown Systems (Switches) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Emergency Shutdown Systems (Sensors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Emergency Shutdown Systems (Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Emergency Shutdown Systems (Programmable Safety Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Emergency Shutdown Systems (Programmable Safety Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Emergency Shutdown Systems (Safety Valves) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Emergency Shutdown Systems (Safety Valves) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Emergency Shutdown Systems (Actuators) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Emergency Shutdown Systems (Actuators) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Emergency Shutdown Systems (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Emergency Shutdown Systems (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Emergency Shutdown Systems (Pneumatic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Emergency Shutdown Systems (Pneumatic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Emergency Shutdown Systems (Electrical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Emergency Shutdown Systems (Electrical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Emergency Shutdown Systems (Fiber Optic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Emergency Shutdown Systems (Fiber Optic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Emergency Shutdown Systems (Hydraulic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Emergency Shutdown Systems (Hydraulic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Emergency Shutdown Systems (Other Control Methods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Emergency Shutdown Systems (Other Control Methods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Emergency Shutdown Systems (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Emergency Shutdown Systems (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Emergency Shutdown Systems (Refining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Emergency Shutdown Systems (Refining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Emergency Shutdown Systems (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Emergency Shutdown Systems (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Emergency Shutdown Systems (Metal and Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Emergency Shutdown Systems (Metal and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Emergency Shutdown Systems (Paper and Pulp) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Emergency Shutdown Systems (Paper and Pulp) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Emergency Shutdown Systems (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Emergency Shutdown Systems (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United States: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United States: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Canada: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Canada: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia-Pacific: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia-Pacific: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: China: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: China: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Japan: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Japan: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: India: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: India: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: South Korea: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: South Korea: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Australia: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Australia: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Indonesia: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Indonesia: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Europe: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Europe: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Germany: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Germany: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: France: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: France: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: United Kingdom: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: United Kingdom: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Italy: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Italy: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Spain: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Spain: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Russia: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Russia: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Latin America: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Latin America: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Brazil: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Brazil: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Mexico: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Mexico: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Emergency Shutdown Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Middle East and Africa: Emergency Shutdown Systems Market: Breakup by Country (in %), 2022
Figure 90: Middle East and Africa: Emergency Shutdown Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Emergency Shutdown Systems Industry: SWOT Analysis
Figure 92: Global: Emergency Shutdown Systems Industry: Value Chain Analysis
Figure 93: Global: Emergency Shutdown Systems Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Emergency Shutdown Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Emergency Shutdown Systems Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Emergency Shutdown Systems Market Forecast: Breakup by Control Method (in Million US$), 2023-2028
Table 4: Global: Emergency Shutdown Systems Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 5: Global: Emergency Shutdown Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Emergency Shutdown Systems Market: Competitive Structure
Table 7: Global: Emergency Shutdown Systems Market: Key Players