Global Emergency Shutdown Systems Market Size, Share, growth, Trends and Forecast 2021-2030


(MENAFN- America News Hour)

In a recently published report, Global Emergency Shutdown Systems market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Emergency Shutdown Systems Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Emergency Shutdown Systems are designed to reduce the consequences of emergency from causing unsafe incidents. When an emergency occurs, it is extremely essential to shut down the facility to a safe state thereby protecting personnel, environment or assets. For a process controller, it includes an emergency shutdown valve and a valve actuator. In case of an emergency, the controller will send a signal to the ESD valve, which responds to the ESD controller to vent the actuator to a fail state. It should involve a proper detection and alarming system for identifying deviations from present limits. Lastly, it should ensure that there is no repeated start of facilities until the cause of shutdown is dealt with.

Market Dynamics
The Emergency Shutdown Market is expected to grow at a CAGR of 9.0% over the period to reach USD 1457 million by the end of 2020. The end users of ESD systems are spread across numerous industry verticals. Majority of the manufacturing, production and hazardous units deploy these systems. Oil & Gas operations as well as Chemical and Petrochemical industry occupies the major share of ESD systems market while Power generation units are the significant end users among others in the current market where safety remains the primary concern. The report provides a detailed analysis of based on application, components and region. Safety sensors are estimated to hold the largest share of ESD markets. The emergence of Programmable safety systems integration in ESDs along with the rising popularity of Industrial IoThas created a platform for growth opportunities in the market.Demand from energy industry is estimated to exhibit the highest growth because of increasing energy requirement and considerable investment in the sector in developing economies.

Market Segmentation
Based on method, the Emergency Shutdown Systems market is segmented into Emergency stop devices, safety switches, safety sensors, safety controllers, valve, actuators and programmable safety systems. Based on end user verticals, it is segmented into Oil & Gas, Power Generation, Paper and Pulp, Mining, Chemical, Refining and others. According to analysis, Oil & Gas sector is expected to grow the fastest at a CAGR of around 12%. Based on control methods, it is segmented into Fiber Optic, Electrical, Pneumatic and Radio telemetry.

Geographic Analysis
The EMEA region will be the largest market for industrial ESD systems and will account for a incredible market share of more than 42% by 2020. The retrofitting of water plants for supplying clean and healthy water in Western Europe is a major factor for this estimated growth. Furthermore, the presence of top chemical producing companies such as BASF in Europe will also assist in the growth of this market until 2020. Europe currently occupies the largest market share for ESD systems, whichis expected to grow further due to rapid industrialization.

Key Players
Some of the key players in the Industry are Rockwell Automation, Schneider Electric SE, Siemens AG, Emerson Electric Company, Honeywell International, Yokogawa Electric, Estorica Automation, Johnson Controls, OMRON, Tyco, HIMA Paul Hildebrandt, Norgen among others.

Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

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Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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Leonard Thomas

Leonard Thomas is an energetic and versatile freelance writer for 5 years, he pen down any type of articles and web content. he is a Cambridge University Business English Certificate (Europe Level) holder . he is analytical, enthusiastic and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses .

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