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Global Emergency Shutdown Systems Market Share, Analysis, Growth, Forecast: By Component: Switches, Sensors, Programmable Safety Systems, Safety Valves, Actuators, Others; By Industry Vertical: Oil and Gas, Power Generation, Refining, Metal and Mining, Paper and Pulp, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Emergency Shutdown Systems Market Outlook
The global emergency shutdown systems market size reached a value of approximately USD 2.30 billion in 2023. The market is expected to grow at a CAGR of 9.40% between 2024 and 2032, reaching a value of USD 5.07 billion by 2032.
Key Trends in the Market
An emergency shutdown system or ESD system is an automatic system that is commonly used in potentially hazardous areas that immediately shuts down operations of a plant in case of emergencies or uncontrolled situations. It is designed to protect the area from catastrophic impacts on the environment, operations, people, and finances.
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- Government all across the globe are issuing stringent regulatory policies in order to reduce damage to equipment, personnel, and environments by leaks, explosions, and other dangers. This is further increasing the emergency shutdown systems market demand in various industries.
- Rising adoption by oil and gas industries owing to the increasing risks of accidents is fuelling the emergency shutdown systems market growth. As oils and gas are highly flammable and dangerous ESD systems help prevent outbreak of fire and other accidents, creating a safer environment.
- Technological advancement such as development of a fully featured fire and gas system with cloud ready features in the emergency shutdown systems is further enhancing the growth of the emergency shutdown systems market. Application-specific emergency shutdown systems are further expected to rise in demand in the coming years.
Global Emergency Shutdown Systems Market Analysis
Based on component, the market is divided into switches, sensors, programmable safety systems, safety valves, and actuators, among others. On the basis of industry vertical, the emergency shutdown systems market segmentation is oil and gas, power generation, refining, metal and mining, and paper and pulp, among others. By region, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global emergency shutdown systems market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- General Electric Co
- Siemens AG
- Honeywell International Inc
- ABB Ltd
- Schneider Electric SE
- Emerson Electric Co.
- Yokogawa Electric Works Ltd.
- Rockwell Autonomation Inc.
- Winn-Marion Companies
- Versa Products Co., Inc.
- Others
Global Emergency Shutdown Systems Market Share by Industry Vertical
Oil and gas accounts for a sizable share of the market for emergency shutdown systems based on industry vertical owing to increasing production capacities to meet the rising demands for end-use products. The high level of risks involved in oil and gas operations is resulting in an increased demand for emergency shutdown systems to prevent accidents. Emergency shutdown systems aid in protecting equipment and supporting uninterrupted operations, thereby reducing the financial risk of oil and gas companies.
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Global Emergency Shutdown Systems Market Share by Region
Europe occupies a significant share of the emergency shutdown systems market owing to the high industrial activity in the region which is supported by the presence of large crude oil refiners. Various end use industries in the region are adopting emergency shutdown systems with industrial control systems that have advanced technologies. This is subjected to further increase the demand for emergency shutdown systems in large, small and medium-sized enterprises across Europe.
Competitive Landscape
General Electric Co. was founded in 1892 and is headquartered in Massachusetts, United States. It is a multinational company that operates in power, digital industry, aviation, renewable energy, venture capital and finance, and additive manufacturing, among others.
Siemens AG is a multinational automation company that was founded in 1847 and is headquartered in Munich, Germany. The company focuses on operating in areas such as electrification, digitalisation, and automation, among others.
Honeywell International Inc. was established in 1853 and has its headquarter located in North Carolina, United States. The company primarily focuses in four areas of business: technologies, aerospace, performance materials, and building technologies.
Other market players include ABB Ltd, Schneider Electric SE, Emerson Electric Co., Yokogawa Electric Works Ltd., Rockwell Autonomation Inc., Winn-Marion Companies, and Versa Products Co., Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Emergency Shutdown Systems Market Analysis
8.1 Key Industry Highlights
8.2 Global Emergency Shutdown Systems Historical Market (2018-2023)
8.3 Global Emergency Shutdown Systems Market Forecast (2024-2032)
8.4 Global Emergency Shutdown Systems Market by Component
8.4.1 Switches
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Sensors
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Programmable Safety Systems
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Safety Valves
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Actuators
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Emergency Shutdown Systems Market by Industry Vertical
8.5.1 Oil and Gas
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Power Generation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Refining
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Metal and Mining
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Paper and Pulp
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Emergency Shutdown Systems Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Emergency Shutdown Systems Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Emergency Shutdown Systems Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Emergency Shutdown Systems Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Emergency Shutdown Systems Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Emergency Shutdown Systems Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 General Electric Co
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Siemens AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Honeywell International Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ABB Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Schneider Electric SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Emerson Electric Co.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Yokogawa Electric Works Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Rockwell Automation Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Winn-Marion Companies
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Versa Products Co., Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Emergency Shutdown Systems Market: Key Industry Highlights, 2018 and 2032
2. Global Emergency Shutdown Systems Historical Market: Breakup by Component (USD Million), 2018-2023
3. Global Emergency Shutdown Systems Market Forecast: Breakup by Component (USD Million), 2024-2032
4. Global Emergency Shutdown Systems Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
5. Global Emergency Shutdown Systems Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
6. Global Emergency Shutdown Systems Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Emergency Shutdown Systems Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Emergency Shutdown Systems Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Emergency Shutdown Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Emergency Shutdown Systems Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Emergency Shutdown Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Emergency Shutdown Systems Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Emergency Shutdown Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Emergency Shutdown Systems Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Emergency Shutdown Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Emergency Shutdown Systems Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Emergency Shutdown Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Emergency Shutdown Systems Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 2.30 billion in 2023.
The market is expected to grow at a CAGR of 9.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 5.07 billion by 2032.
The key drivers in the market are increasing importance of preventing catastrophic accidents, expansion of various production plants, and strict policies of various governments to reduce accidents in industries.
The key trends of the market include rising investments towards the installation of emergency shutdown systems, increasing demands from the oil and gas industries, and technological advancements.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The various components of emergency shutdown systems include switches, sensors, programmable safety systems, safety valves, and actuators, among others.
The emergency shutdown systems market key players are General Electric Co, Siemens AG, Honeywell International Inc, ABB Ltd, Schneider Electric SE, Emerson Electric Co., Yokogawa Electric Works Ltd., Rockwell Autonomation Inc., Winn-Marion Companies, and Versa Products Co., Inc., among others.
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