Emergency Shutdown System Market

The oil & gas application accounted for the largest share among all applications of the ESD system market, followed by the power generation application. Safety is the most critical concern in the oil & gas industry. Lack of proper safety systems in the oil & gas industry may lead to production loss, stress on affected components and systems, and hazards during system restoration. Therefore, the market for ESD systems is expected to grow in the oil& gas application during the forecast period.
Emergency Shutdown System Market contains market size and forecasts of Emergency Shutdown System in Global, including the following market information:
Global Emergency Shutdown System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Emergency Shutdown System market was valued at 1564.1 million in 2021 and is projected to reach US$ 2422.6 million by 2028, at a CAGR of 6.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Safety switches Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Emergency Shutdown System include ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Schneider Electric Se, Rockwell Automation, Siemens Ag, Yokogawa Electric Corp. and Omron Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Emergency Shutdown System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Emergency Shutdown System Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Emergency Shutdown System Market Segment Percentages, by Type, 2021 (%)
Safety switches
Emergency stop devices
Safety controllers/modules/relays
Safety sensors
Logic solver/programmable safety systems
Valves
Actuators
Global Emergency Shutdown System Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Emergency Shutdown System Market Segment Percentages, by Application, 2021 (%)
Power Generation
Oil & Gas
Refining
Chemical
Pharmaceutical
Paper & Pulp
Metal & Mining
Food & Beverages
Water & Wastewater
Global Emergency Shutdown System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Emergency Shutdown System Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Emergency Shutdown System revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Emergency Shutdown System revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB Ltd.
Emerson Electric Co.
General Electric Company
Honeywell International Inc.
Schneider Electric Se
Rockwell Automation
Siemens Ag
Yokogawa Electric Corp.
Omron Corporation
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