Emergency Shutdown Systems Marke Market Overview 2019 | Industry Analysis with Market Revenue, Gross Margin, Profit, and Research Report Forecast to 2024

Emergency Shutdown Systems Marke

The Emergency Shutdown Systems Marke Market report expects to give a 360-degree perspective available as far as cutting-edge innovation, key improvements, drivers, restrictions and future patterns with effect examination of these patterns available for present moment, mid-term and long term during the forecast period. Further, the report likewise covers key players profiling with point by point SWOT investigation, budgetary certainties and key improvements of items/administration from the previous three years.

The report first poses the Emergency Shutdown Systems Marke Market basics: definitions, applications, classifications, and market overview; product specifications; manufacturing processes; cost structures, raw materials and more.

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Scope of the Report:

  • Emergency Shutdown Systems (ESD) ensures priority control of process equipment which is required for switching the process in safe mode.
  • There are 4 key segments covered in this Emergency Shutdown Systems Marke Systems Market report:

    • Competitor segment
    • Product type segment
    • End-use/application segment
    • Geography segment

    Emergency Shutdown Systems Marke Market with Key Segments:

    By Product Types: Type 1, Type 2, Type 3

    By Applications: Application 1, Application 2, Application 3

    By Key Players:

  • ABB Limited
  • Emerson Electric Company
  • General Electric Co.
  • Hima Paul Hildebrandt GmbH
  • Honeywell International Inc,
  • Omron Corporation
  • Proserv Ingenious Simplicity
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corporation
  • Wartsila Oyj Abp
  • Doedijns Group
  • Safoco Inc.
  • Winn
  • Marion Companies
  • National Oilwell Varco Inc.
  • Ruelco Inc.
  • BWB Controls Inc.
  • Bifold Group Ltd
  • Versa Products Company Inc.
  • Halliburton Company
  • Price of Report: $ 4250 (SUL)

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    Market Overview:

  • The global emergency shutdown systems market was valued at USD 1.3 billion in 2018 and is expected to reach a value of USD 2.35 billion by 20234 at a CAGR of 9.29% over the forecast period of 2019–2024. These systems are highly deployed in the oil and gas industry, general manufacturing processes, power generating sector, and several other industries. Out of all the end-users, oil and gas industry is the largest source of demand for emergency shutdown systems.
  • - Owing to increasingly complex manufacturing and industrial applications, there has been a rise in the number of global catastrophic accidents. According to the Global Wellness Institute, there was 313 million number of work-related and 2.3 million work-related deaths in 2016, globally.
  • - The initial investments associated with the installation of an emergency shutdown system is very high. The total cost of ownership involves capital costs, such as acquisition and design of machines. Wellhead and process emergency shutdown systems are complex and their design has to rely on knowledge from many different disciplines, which accounts for higher design and development costs.
  • - Regionally, North America is the primary hub for all the major manufacturing establishments in the world and remains a dominant market due to the highest volume occupied by the manufacturers in the region. The regional authority further demands high safety concerns in countries, like the United States and Canada, which further encourages ESD systems to be deployed across the respective industries. Despite the economic slowdown and recession in 2008–2009, the North American emergency shutdown systems market witnessed continued growth in the post-recession period.
  • Emergency Shutdown Systems Marke Market Report Provides the Following:

    Emergency Shutdown Systems Marke Market

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    Key Market Trends:

    Oil and Gas has the Largest Growth During the Forecast period

    - Oil and gas is the largest sector for emergency shutdown systems globally. Recovering oil and gas prices and increasing upstream activity are expected to increase the demand for emergency shutdown systems, especially from offshore establishments. Demand for the ESD systems from upstream, midstream, and downstream (oil refineries) activities are taken into account under this segment.
    - Regulations like the Bureau of Safety and Environmental Enforcement (BSEE) which enforces safety and environmental protection regulations for offshore oil and natural gas industry in the United States are prevalent across other regions like Europe as well (Europe 4 and 5 standards).To minimize the risk of a major incident, pressure and temperature of the line are closely monitored and that is where the ESD system comes into play.
    - With new refinery projects anticipated across regions like India, which is expected to commission the largest green refinery in the world, the demand for the ESD systems is expected to increase over the forecast period. New upcoming oil and gas refinery projects to be commissioned between the timeframe of 2017-2023 across Norway, Denmark, Uzbekistan, Kuwait among others can be potential customers for the ESD systems.

    Europe Accounts for a Significant Share in the Market

    - Europe is one of the largest markets for emergency shutdown systems (ESD) in the world. A considerable activity in the downstream oil and gas sector and high industrial activity in the region is one of the most prominent drivers for ESD systems market in Europe.
    - Europe is one of the most advanced and one of the largest crude oil refiners in the world. As of 2017, the region is responsible for 15% of the global oil refining capacity. The low crude oil situation in the recent past has significantly increased the demand for the expansion of existing refineries and the inception of new projects.
    - Also, there has been a considerable exploration activity in countries like the United Kingdom that have led to key discoveries such as Glendronach (by Total). It is estimated that Glendronach is the fifth largest conventional natural gas reserve discovery on the UK Continental Shelf, in the millennium.

    Emergency Shutdown Systems Marke Market Covers Following Points in TOC:

    • Chapter 1: Emergency Shutdown Systems Marke Market Definition
    • Chapter 2: Research Methodology of Emergency Shutdown Systems Marke Market
    • Chapter 3: Emergency Shutdown Systems Marke Market Executive Summary
    • Chapter 4: Emergency Shutdown Systems Marke Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Emergency Shutdown Systems Marke Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Emergency Shutdown Systems Marke Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Emergency Shutdown Systems Marke Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Emergency Shutdown Systems Marke Market

    For Detailed TOC Click Here

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