Emergency Shutdown System Market 2027 By Component, Control Method and End-User Industry

Emergency Shutdown System Market to 2027 - Global Analysis and Forecasts By Component (Switches, Sensors, Programmable Safety Systems, Safety Valves, Actuators, and Others); Control Method (Pneumatic, Electrical, Fiber Optic, and Hydraulic); End-User Industry (Oil & Gas, Refining, Power Generation, Chemical, and Others)

Publication Month : Feb 2020

  • Report Code : TIPRE00004133
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 185
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The global emergency shutdown system market accounted for US$ 1.41 Bn in 2018 and is expected to reach US$ 2.43 Bn by 2027 with a CAGR growth rate of 6.4% during the forecast period.

Globally, the emergency shutdown system is heavily influenced by strong presence of large enterprise across different end-user industry verticals owing to their considerably large industrial process equipped with various technological solutions. As a result, the European region accounted for the largest market share in emergency shutdown system market by region owing to its significantly large customer base and notable awareness among small and medium enterprise owners. Moreover, other factors such as strong presence of European Union and other regulatory agencies through stringent industrial safety and leakage guidelines have profound influence over the penetration of different ESD solution across different European regions. In addition to this, the region is also anticipated to continue to hold major market share during the coming years. On the other hand, the Asia-Pacific region owing to strong presence of unorganized small and medium end-users along with limited government regulation have attributed in the region’s low market share despite strong presence of end-user base in the region.

Lucrative Regional Emergency Shutdown System Markets

Lucrative Regional Emergency Shutdown System Markets
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Market Insights

Surge in Demand to Minimize Hydrocarbon Leakages Especially in Off-shore Oilfield-based Projects

Emergency shutdown system (ESD) is designed to minimize the impact of emergencies that are typically associated with unregulated flooding, hydrocarbon escape, or fire outbreaks in areas containing hydrocarbons or sectors that may otherwise be risky. Traditionally, risk analysis concluded that a high safety integrity rating, usually SIL 2 or 3, is required for the emergency shutdown program. The system primarily consists of device logic for incoming signal processing, field-mounted sensors, valves, and trip relays, warning, and HMI modules. The device processes input signals and triggers the outputs according to the cause and effect charts defined for the installation. Oil and gas are the primary fields for emergency shutdown systems worldwide. It is anticipated that rising oil and gas prices and growing upstream activities will increase the demand for emergency shutdown systems, especially from off-shore establishments as the demand for ESD systems comes from midstream, upstream, and downstream oil refinery activities. Laws and regulations such as the Bureau of Safety and Environmental Enforcement (BSEE) enforce safety and environmental laws for the off-shore oil and gas industry in the US, Europe, among others. For minimizing the risk of mishap or accidents, temperature and pressure are monitored closely.

Component Insights

Several components such as switches, sensors, programmable safety systems, safety valves, actuators, and others play a significant role in the functioning of emergency shutdown systems. These components sense and react according to the emergency occurred in an industrial setup. They are operated either through electrical signal or through pneumatic pressures. Thus, the component manufacturers are robustly focusing on developing these components using advanced technologies.   

Control Method Insights

The emergency shutdown system components react in accordance with pneumatic, electrical, fiber-optic, and hydraulic control methods, among others. These methods employ different principals for transmitting signal to components which may be a gas or steam pressure, or an electrical signal. Thus, the operator in the industry can monitor the emergency occurred precisely and take action accordingly.

End-user Industry Insights

Based on end-user industry, the emergency shutdown system market has been segmented into oil & gas, refining, power generation, chemical, and others. Various businesses are adopting emergency shutdown system to gain better visibility into the overall industrial process and track emergency predictively. These systems empower the companies to handle these emergencies from a single dashboard; therefore, the demand for emergency shutdown system is growing across different industries.    

           Rest of APAC Emergency Shutdown System Market by End-User

Rest of APAC Emergency Shutdown System Market
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Emergency Shutdown System Market: Strategic Insights

Market Size Value inUS$ 1.41 Billion in 2018
Market Size Value byUS$ 2.43 Billion by 2027
Growth rateCAGR of 6.4% from 2019-2027
Forecast Period2019-2027
Base Year2019
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New product development strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is mostly observed in Europe and APAC. The players present in the emergency shutdown system market also adopted the strategy of market initiative and mergers & acquisitions to enlarge customer base across the world, which also permits the players to maintain their brand name globally.

Emergency Shutdown System Market – By Component

  • Switches
  • Sensors
  • Programmable Safety Systems
  • Safety Valves
  • Actuators
  • Others

Emergency Shutdown System Market – By Control Method

  • Pneumatic
  • Electrical
  • Fiber Optic
  • Hydraulic

Emergency Shutdown System Market – By End-user Industry

  • Oil & Gas
  • Refining
  • Power Generation
  • Chemical

Emergency Shutdown System Market – By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America

    • Brazil
    • Argentina
    • Rest of South America

Company Profiles

  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • Hima Paul Hildebrandt
  • Honeywell International Inc.
  • National Oilwell Varco
  • Omron Corporation
  • Schneider Electric Se
  • Siemens AG
  • Yokogawa Electric Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component ; Control Method ; End-User Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Frequently Asked Questions

What are reasons behind Asia-Pacific emergency shutdown system market growth?

Strong economic growth of the region coupled with surging demand of energy from different industrial verticals is expected to propel the growth of the market across Asia-Pacific region.

Where emergency shutdown systems are mostly used?

The oil & gas industry especially refining and oil production account for the largest usage of emergency shutdown systems along with notable scope of application across chemicals and manufacturing industries.

Which component of emergency shutdown system is expected to grow fastest in the coming years?

The programmable safety systems owing to increase in adoption of automated solutions focused towards consolidation and modernization of industrial control systems.

The List of Companies - Emergency Shutdown System Market

  1. ABB Ltd
  2. Cameron International Corporation
  3. Emerson Electric Co.
  4. General Electric Company
  5. Honeywell International Inc.
  6. National Oilwell Varco, Inc.
  7. OMRON Corporation
  8. Schneider Electric SE
  9. Siemens AG
  10. Yokogawa Electric Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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