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Emergency Shutdown Systems Market by System Type (Distributed Control System, Fail-Safe Shutdown System, Safety Instrumented System), Component (Emergency Stop Devices, Logic Solvers/Programmable Safety Systems, Safety Controllers/Modules/Relays), Applica

Publisher 360iResearch
Published Apr 17, 2024
Length 193 Pages
SKU # IRE18712757

Description

Emergency Shutdown Systems Market by System Type (Distributed Control System, Fail-Safe Shutdown System, Safety Instrumented System), Component (Emergency Stop Devices, Logic Solvers/Programmable Safety Systems, Safety Controllers/Modules/Relays), Application - Global Forecast 2024-2030


The Emergency Shutdown Systems Market size was estimated at USD 2.44 billion in 2023 and expected to reach USD 2.64 billion in 2024, at a CAGR 8.40% to reach USD 4.30 billion by 2030.

Emergency Shutdown System (ESD) refers to systems that are utilized to minimize the risk of damage due to an emergency or uncontrolled situation. It is an automatic protection system that typically shuts down if the industrial plant or machinery enters a potentially dangerous situation. ESD is commonly used in industries including fire and gas (F&G), burner management systems (BMS), and pressure protection solutions. ESDs are used to improve the overall safety of the facility, prevent personal injury, and prevent environmental pollution and production loss. The increasing emphasis of industries and production plants on occupational safety and the health of workers in industries and government efforts to improve the working environment has created the demand for robust ESDs. The adoption of emergency shutdown systems for risk management in industries such as nuclear power and oil and gas is rapidly increasing. However, integration and regular maintenance requirements into existing industrial processes and systems can be challenging. Additionally, the stringent requirement of ESDs to adhere to regulations and international or national standards hampers widespread adoption of ESDs. Despite the prevailing regulatory and integration challenges, the integration of AI technologies and advanced automation can lead to rampant utilization of ESDs by improving their efficiency.



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Table of Contents

193 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing emphasis on occupational health and safety of workers in industries
5.1.1.2. Increasing adoption of emergency shutdown systems for risk management
5.1.1.3. Government regulatory policies for industrial safety
5.1.2. Restraints
5.1.2.1. Complex integration and regular maintenance requirement
5.1.3. Opportunities
5.1.3.1. Rapid adoption of automation and technology in industries
5.1.3.2. Advancements in the sensor technology and communication protocols
5.1.4. Challenges
5.1.4.1. Complicated regulations associated with Emergency Shutdown Systems
5.2. Market Segmentation Analysis
5.2.1. System Type: Expanding advancements in Distributed Control Systems (DCS) to improve monitoring capabilities
5.2.2. Component: Rising use of safety switches as fail-safe devices to prevent damage
5.2.3. Application: Rapidly expanding usage of ESD for leak detection in Oil and Gas industries
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Emergency Shutdown Systems Market, by System Type
6.1. Introduction
6.2. Distributed Control System
6.3. Fail-Safe Shutdown System
6.4. Safety Instrumented System
7. Emergency Shutdown Systems Market, by Component
7.1. Introduction
7.2. Emergency Stop Devices
7.3. Logic Solvers/Programmable Safety Systems
7.4. Safety Controllers/Modules/Relays
7.5. Safety Sensors
7.6. Safety Switches
7.7. Safety Valves & Actuators
8. Emergency Shutdown Systems Market, by Application
8.1. Introduction
8.2. Chemical
8.3. Food & Beverage
8.4. Metal & Mining
8.5. Oil & Gas
8.6. Paper & Pulp
8.7. Pharmaceutical
8.8. Power Generation
8.9. Water & Wastewater
9. Americas Emergency Shutdown Systems Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Emergency Shutdown Systems Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Emergency Shutdown Systems Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.3.1. X-energy Partners with Kinectrics for Helium Test Facility
12.3.2. Surface Safety Systems Unveils ESD-EHX
12.4. Strategy Analysis & Recommendation
13. Competitive Portfolio
13.1. Key Company Profiles
13.2. Key Product Portfolio
FIGURE 1. EMERGENCY SHUTDOWN SYSTEMS MARKET RESEARCH PROCESS
FIGURE 2. EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. EMERGENCY SHUTDOWN SYSTEMS MARKET DYNAMICS
FIGURE 7. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY SYSTEM TYPE, 2023 VS 2030 (%)
FIGURE 8. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY SYSTEM TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 10. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. GLOBAL EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA EMERGENCY SHUTDOWN SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EMERGENCY SHUTDOWN SYSTEMS MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 22. EMERGENCY SHUTDOWN SYSTEMS MARKET, FPNV POSITIONING MATRIX, 2023

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