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.
Please Note: PDF & Excel + Online Access - 1 Year
- 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
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook