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Base Year
Historical Year
Forecast Year
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% |
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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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% |
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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.
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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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.
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.
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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*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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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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