Emergency Shutdown Systems Market, By Control Method (Electrical Fiber Optic, Pneumatic, Hydraulic, and Other Control Methods), By End-user Vertical (Oil and Gas, Refining, Power Generation, Metal and Mining, Paper and Pulp, and Other End-user Verticals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI396620 | Publish Date: February 2024 | No. of Pages: 167

Global Emergency Shutdown Systems Market Overview

Introduction:

Emergency Shutdown Systems Market was valued at US$ 2.7 Billion in 2024 and is projected to grow at a CAGR of 9.00% to reach US$ 5.5 Billion by 2034.

Emergency Shutdown System (ESD) is intended to minimize the significances of emergencies, related to typically unrestrained flooding, escape of hydrocarbons, or outbreak of fire in hydrocarbon carrying areas or areas which may otherwise be risky. Through detecting a potentially dangerous condition and respond to it by shutting the system down to protect personnel, facilities, and even the environment. Emergency Shutdown Systems are used in Emergency Ventilation System, Hydrocarbon Inventories’ Isolation System and at the various application in different industries.

Drivers and Restraints:

All the time more complex manufacturing and industrial By End-user Vertical, there has been a rise in the number of global catastrophic accidents is a major factor driving growth for the target market. For instance, according to the International Labor Organization (ILO), Around 2.3 million workers die each year as a result of occupational accidents. Additionally, the rapid growth of industries like gas and oil has been driving the growth of industrial emergency shutdown systems market. However, government regulations to regulate the use of hazardous products and the rising safety norms such as factor hamper market growth. Also, High cost of system and maintenance restrain the market growth. Furthermore rise in acceptance of industrial IoT and demanding programmable safety systems in industrial emergency shutdown systems is a platform provide strong growth opportunities in the market.

Segmentation:

The global emergency shutdown systems market is segmented based on by control method, by end-user vertical, and region.

By Control Method the global Emergency Shutdown Systems market is classified into electrical fibre optic, pneumatic, hydraulic, and other control methods. By end-user vertical, the global Emergency Shutdown Systems market is classified into oil and gas, refining, power generation, metal and mining, paper and pulp, and other end-user verticals. Oil and gas sector is dominating the segment. Owing to improving oil and gas prices and increasing upstream activity are expected to rise the demand for emergency shutdown systems, especially from offshore establishments. 

By region, Europe is accounted to dominate the target market in the world. Owing to the downstream oil and gas sector and great industrial activity in the region is a major factor driving the growth for the target market in the region.

Key Players:   

The key players operating the global Emergency Shutdown Systems market include ABB Limited, Emerson Electric Company, General Electric Co., Hima Paul Hildebrandt GmbH, Honeywell International Inc., Omron Corporation, Proserv Ingenious Simplicity, Rockwell Automation, Inc., Schneider Electric SE, and Siemens AG.

Detailed Segmentation:

Global Emergency Shutdown Systems Market, By Control Method:

  • Electrical Fiber Optic
  • Pneumatic
  • Hydraulic
  • Other Control Methods

Global Emergency Shutdown Systems Market, By Application:

  • Oil and Gas
  • Refining
  • Power Generation
  • Metal and Mining
  • Paper and Pulp
  • Other End-user Verticals

Global Emergency Shutdown Systems Market, By Region:

      • North America
        • North America Emergency Shutdown Systems  Market, By Control Method
        • North America Emergency Shutdown Systems  Market, By Application
        • North America Emergency Shutdown Systems  Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Emergency Shutdown Systems  Market, By Control Method
        • Europe Emergency Shutdown Systems  Market, By Application
        • Europe Emergency Shutdown Systems  Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Emergency Shutdown Systems  Market, By Control Method
        • Asia Pacific Emergency Shutdown Systems  Market, By Application
        • Asia Pacific Emergency Shutdown Systems  Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Emergency Shutdown Systems  Market, By Control Method
        • Latin America Emergency Shutdown Systems  Market, By Application
        • Latin America Emergency Shutdown Systems  Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Emergency Shutdown Systems  Market, By Control Method
        • Middle East & Africa Emergency Shutdown Systems  Market, By Application
        • Middle East & Africa Emergency Shutdown Systems  Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

  • ABB Limited
        • Company Overview 
        • Application Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies
  • Emerson Electric Company
  • General Electric Co.
  • Hima Paul Hildebrandt GmbH
  • Honeywell International Inc.
  • Omron Corporation
  • Proserv Ingenious Simplicity
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG.

 “*” marked represents similar segmentation in other categories in the respective section

Global Emergency Shutdown Systems Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Emergency Shutdown Systems  Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Control Method
      • Market Snippet, By End-User Vertical
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Emergency Shutdown Systems  Market, By Control Method, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Electrical Fiber Optic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Pneumatic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Hydraulic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Control Methods
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Emergency Shutdown Systems  Market, By End-User Vertical, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Oil and Gas
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Refining
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Power Generation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Metal and Mining
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Paper and Pulp
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other End-user Verticals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Emergency Shutdown Systems  Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Control Method, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Vertical, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Control Method, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Vertical, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Control Method, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Vertical, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Control Method, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Vertical, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Control Method, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Vertical, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
  • ABB Limited
        • Company Overview
        • Application Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies
  • Emerson Electric Company
  • General Electric Co.
  • Hima Paul Hildebrandt GmbH
  • Honeywell International Inc.
  • Omron Corporation
  • Proserv Ingenious Simplicity
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG. 
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Emergency Shutdown Systems market accounted for US$ 5.5 Billion by 2034 and is projected to register a moderate CAGR of 9.00% over the forecast period.

The emergency shutdown systems market is segmented based on by control method, by end-user vertical, and region.

The Emergency Shutdown Systems Market is poised for growth with trends such as the integration of advanced automation technologies, increased focus on cybersecurity, and the rising adoption of IoT for real-time monitoring and response in critical industries.

The Emergency Shutdown Systems Market is poised for growth with trends such as the integration of advanced automation technologies, increased focus on cybersecurity, and the rising adoption of IoT for real-time monitoring and response in critical industries.

The key players operating the global Emergency Shutdown Systems market include ABB Limited, Emerson Electric Company, General Electric Co., Hima Paul Hildebrandt GmbH, Honeywell International Inc., Omron Corporation, Proserv Ingenious Simplicity, Rockwell Automation, Inc., Schneider Electric SE, and Siemens AG.

North America is expected to dominate the Emergency Shutdown Systems Market, driven by a strong presence of key industries, rigorous safety regulations, and ongoing investments in industrial safety infrastructure.