Global Industrial Emergency Shutdown Systems Market 2016-2020
About Industrial ESD Systems
An ESD (emergency shutdown) system is a safety-instrumented system that protects a manufacturing plant from explosions or leakages in oil and gas, chemical and petrochemical, and other industries. It activates the curative outputs to alleviate the hazardous consequences.
ESD valves are the ultimate protection option for any process abnormality. In advanced systems, ESD systems are connected to a PLC with sensors that form a safety loop.
Technavio’s analysts forecast the global industrial ESD systems market to grow at a CAGR of 11.95% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial ESD systems market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of ESD systems, which includes installation and integration.
The market is divided into the following segments based on end-user:
Technavio Announces the Publication of its Research Report – Global Industrial ESD Systems Market 2016-2020Technavio recognizes the following companies as the key players in the Global Industrial ESD Systems Market: ABB, Rockwell Automation, Schneider Electric and Yokogawa Electric.Other Prominent Vendors in the market are: Emerson Process Management, Esoterica Automation, General Electric, HIMA Paul Hildebrandt, Honeywell International, Johnson Controls, Norgren, OMRON, Siemens and Tyco International. Commenting on the report, an analyst from Technavio’s team said: “The computational analysis of data (analytics) is widely recognized as a valuable asset in decision-making across industries. The automation market is not an exception; vendors use analytics to enhance their business and boost value proposition in this market.”According to the report, rapid industrial development and urbanization have boosted the demand for energy and exploration activities worldwide. Norway, the UK, the Netherlands, and Russia have increased their exploration activities over the years to meet growing energy needs. Large oil exploration companies and oil and gas exporting countries such as Russia, Saudi Arabia, Iraq, and Venezuela are taking this opportunity to enhance their revenues and market share.Further, the report states that the low-cost alternative of implementing shutdown valves or actuators can also perform same functions as ESD systems. The market for industrial valves and actuators is thus improving owing to their cost saving attributes.
ABB, Rockwell Automation, Schneider Electric, Yokogawa Electric, Emerson Process Management, Esoterica Automation, General Electric, HIMA Paul Hildebrandt, Honeywell International, Johnson Controls, Norgren, OMRON, Siemens, Tyco International.
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