Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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.

Global Emergency Shutdown System Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 2.30
Market Size 2032 USD Billion 5.07
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 9.4%
CAGR 2024-2032 - Market by Region Latin America 9.9%
CAGR 2024-2032 - Market by Country China 9.8%
CAGR 2024-2032 - Market by Country Mexico 9.7%
CAGR 2024-2032 - Market by Component Programmable Safety Systems 10.2%
CAGR 2024-2032 - Market by Industry Vertical Oil and Gas 10.4%
Market Share by Country 2023 UK 3.7%

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.

Global Emergency Shutdown Systems Market

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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.

CAGR 2024-2032 - Market by Country
China 9.8%
Mexico 9.7%
USA 9.6%
UK 9.5%
Saudi Arabia 9.1%
Canada XX%
Germany 8.6%
Italy XX%
Japan XX%
India XX%
Australia XX%
Brazil XX%
France 8.2%

Global Emergency Shutdown Systems Market

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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.

Global Emergency Shutdown Systems Market

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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:

  • Component
  • Industry Vertical
  • Region
Breakup by Component
  • Switches
  • Sensors
  • Programmable Safety Systems
  • Safety Valves
  • Actuators
  • Others
Breakup by Industry Vertical
  • Oil and Gas
  • Power Generation
  • Refining
  • Metal and Mining
  • Paper and Pulp
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • General Electric Co
  • Siemens AG
  • Honeywell International Inc
  • ABB Ltd
  • Schneider Electric SE
  • Emerson Electric Co.
  • Yokogawa Electric Works Ltd.
  • Rockwell Automation Inc.
  • Winn-Marion Companies
  • Versa Products Co., Inc.
  • Other

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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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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