Emergency Shutdown Systems Market Size, Share, By Control Method (Electrical Fiber Optic, Pneumatic, Hydraulic, and Other Control Methods), By End-user Vertical (Oil and Gas, Refining, Power Generation, Metal and Mining, Paper and Pulp, and Other End-user Verticals), and By Region- Trends, Analysis and Forecast till 2034

Report Code: PMI396620 | Publish Date: February 2024 | No. of Pages: 171

Global Emergency Shutdown Systems Market Overview

Emergency Shutdown Systems Market Size was valued at USD 2.3 Billion in 2024 and is expected to reach USD 4.7 Billion by 2034 growing at a CAGR of 8.2%

The ESD system is a set of safety measures rationally indiscriminate and engineered according to nature to bring about a very rapid automatic shutdown of the process or establishment in an emergency. These instrument systems have played essential roles in preventing catastrophic effects, including economic, environmental, and operational impact, which brought the escape of hydrocarbon, leakage, outbreak of fire, or explosion. The critical components of an emergency shutdown system are switches, sensors, Programmable Safety Systems, safety valves, and actuators, among others. A switch can be simply described as an electronic device employed to manage the flow of electricity in a circuit. There are different types of control methods: pneumatic, electrical, fiber optic, and hydraulic, among others, depending on the industry verticals: oil and gas, refining, power generation, metal and mining, and paper and pulp, among others. The complete Emergency Shutdown System Market Research Report is a new document series from The Business Research Company, analyzing Emergency Shutdown System market statistics, including Emergency Shutdown System Industry Global Market Size, Regional Shares, Competitors, and their Enterprise Emergency Shutdown System Market Share, plus complete Emergency Shutdown System Market Segments, Market Trends and Opportunities, and all further data you may require to thrive in Emergency Shutdown System Industry. This emergency shutdown system market research report provides you with steadfast knowledge and information on transforming market scenarios, with which great business decisions can be made.

Global Emergency Shutdown Systems Market Dynamics

Key Drivers of Target Market:

Integration of advanced automation technologies:

  • These parts from a range, which shall typically include a valve, an energized device for the valve emergency operation (usually a related actuator), and an emergency release mechanism, among other things, perform a critical duty in processes and systems. Equally, for the same reason, it is required that these components meet exact prescribed international quality and safety norms, and therefore, the selection, sizing, and integration into one single system guarantee reliability and safe use when it is most critical.

Increased focus on cyber security:

  • Cyber security, also known as information technology security, is the protection of computers, networks, programs, and data to prevent unauthorized access, changes, or destruction. Governments, military, corporations, financial institutions, hospitals, and other businesses gather, process, and store sensitive information on computers and transfer this information over networks to other computers. Because of the ever-increasing volume and sophistication of cyber-attacks, such attention is necessary to ensure that sensitive business and personal information, including those with national security implications, are duly protected from hackers.
  • Cyber security is the protection of that infrastructure by preventing, detecting, and responding to cyber incidents. While physical risks have big signs that send individuals running to react immediately, such as stop, drop, and roll in the event of catching fire, many cyber risks are nebulous and complex to detect and understand. If the network ID of an organization is compromised, such a network could give way to data leakage and loss. Company information, employee information, and customer data may be compromised.

Rising adoption of IoT for real-time monitoring and response:

  • Cyber In nature, therefore, can be used in virtually all the essential elements of emergency response about fire safety that any system may necessitate. For example, the Internet of Things-based fire alarms and smoke detectors enable instant notification to the authorities and messages to the building occupants if there is a fire.
  • Implementing IoT in fire safety has numerous benefits, which enhance emergency reaction and prevention. Real-time monitoring, made possible through IoT, gives fire safety personnel an overview of critically important aspects, such as the amount of smoke, temperature, and occupancy levels. With such real-time data, they are well-placed to make well-informed decisions and respond promptly to emergencies.

Restrains:

Government Regulations:

  • The emergency shutdown system shall be designed so that, if the system can produce any fault causing it not to operate, it enters or maintains a safe condition. The command structure shall be simple and straightforward. It shall be possible to activate the system manually at strategic points on the onshore facility from stations to release a point. Functions that bring the onshore facility into a safe condition if a fault occurs in parts of the system that can be programmed shall be capable of being enabled from the central control room by a manual action.
  • Emergency shutdown valves shall be capable of shutting down flows of hydrocarbons and chemicals to and from the onshore facility and isolating the fire areas.

High cost:

  • An emergency shutdown system involves very costly initial investments. The total cost of ownership includes capital costs such as the purchase and design of machines. Wellhead and process emergency shutdown systems are sophisticated, and their design needs to borrow knowledge from numerous diverse fields, accounting for high design and development costs.

Opportunities:

Industry-specific Applications:

  • The ESD Systems are used in production Lines to prevent (Avoid) Equipment damage and prevent accidents. Some advanced ESD systems are also used to manage and mitigate the risk during drilling and refining operations. Power Generation is also essential to ensure safe shutdown procedures in power plants, most commonly in nuclear facilities.

Sustainability and Environment:

  • Green Technologies is developing some emergency shutdown systems that will help support the protection of the environment and sustainability goals. Also, some energy-efficient systems are being developed, which will help to minimize the consumption of energy during shutdown processes.

Global Emergency Shutdown Systems Market Segmentation

The market is segmented based on Control, End-User, and Region.

Control Insights:

  • Electric Fiber Optic: Fiber optic cables are used (Utilized) for the transmission of signals. They provide Immunity to electromagnetic interference and also ensure high-speed communication in Electromagnetic interference. Electric fiber optics are mostly used in environments where electric interference is a concern. A power plant is one example.
  • Pneumatic: Compressed air is used to operate the shutdown systems. It is commonly used in oil and gas industries and remote locations where electrical systems may be impractical. The major advantages include easy maintenance, Reliability in Harsh environments, and non-reliance on electrical power.
  • Hydraulic: pressurized hydraulic fluids are used to control the shutdown systems. It provides high force output and precise control and is suitable for heavy-duty applications. Industries that require substantial force for valve operations frequently use hydraulics. Metal and mining industries, oil and gas industries are some of the sectors using hydraulics
  • Other Control Methods: Wireless systems are used for communication for remote activation and monitoring, and some mechanical systems are also used for direct operations of shutdown systems.

End-User Insights:

  • Oil and gas include some operations such as upstream, downstream, and midstream, such as drilling, Transportation, and refining. It fulfills specific needs like high reliability and fast response time, which prevent catastrophic events. Pneumatic and hydraulic systems are commonly used as they are more reliable in harsh environments.
  • Refining: It involves the processing and refining of crude oil into valuable products. Precision and reliability are basic to handling hazardous (Harmful) materials and high temperatures. Pneumatic and electrical fiber optics are standard systems for their reliability and precision.
  • Power Generation: Power generation is done by using organic and inorganic materials such as coal and gas in renewable energy power plants. The common requirements for power generation are raw materials, high-speed response, and, most importantly, fail-safe mechanisms to prevent (avoid) widespread outages.
  • Metal and Mining: the process of extraction of metals and minerals. Robust systems are required to handle extensive operations and harsh environmental conditions.
  • Paper and Pulp: This process involves the production or manufacturing of paper products from wood, pulp, and other materials. Pneumatic and electrical systems are commonly used for ease of integration.
  • Other End User verticals: pharmaceutical industries, food industries, and chemical industries are some other end users

Regional Insights

  • North America: The North American Emergency Shutdown Systems market is propelled by the Integration of advanced automation technologies, favorable policies, increased focus on cyber security, and Rising adoption of IoT for real-time monitoring and response. The United States and Canada are the leaders in adoption, focusing on applying ESS in Refining and mining.
  • Asia Pacific: The Asia Pacific area is poised for solid expansion in the Emergency Shutdown Systems market, owing to rising energy consumption, rapid urbanization, and increased renewable energy use. Government measures to modernize ESS systems and increase dependability are critical.
  • Europe: Europe is on track to become the world's most extensive Emergency Shutdown Systems market, powered by ambitious renewable energy objectives and Power Generation. The region's robust smart grid infrastructure and supportive legislative framework, such as the EU's Clean Energy Package, allow for rapid implementation of Emergency Shutdown Systems.
  • Latin America: The Emergency Shutdown Systems market in Latin America is predicted to rise gradually, driven by increased renewable energy usage, particularly hydropower and solar, and initiatives to modernize aging grid infrastructure. The region aims to improve grid stability, reduce power outages, and increase energy efficiency through demand-side management.
  • Middle East and Africa: This region is seeing increased interest in Emergency Shutdown System, particularly in countries with high renewable energy objectives and needing greater grid stability. EMERGENCY SHUTDOWN Systems are viewed as a solution for managing peak demand in fast-developing urban regions while supporting rural electrification efforts.

Emergency Shutdown Systems Market Report Scope:

Attribute

Details

Market Size 2024

USD 2.3 Billion 

Projected Market Size 2034

USD 4.7 Billion

CAGR Growth Rate

8.2%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Control Method - Electrical Fiber Optic, Pneumatic, Hydraulic, and Other Control Methods

By End-User Verticals - Oil and Gas, Refining, Power Generation, Metal and Mining, Paper and Pulp, and Other End-user Verticals

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Control Methods, End-User, and Region.

Segmentation:

By Control Methods:

  • Electrical Fiber Optic
  • Pneumatic
  • Hydraulic
  • Other Control Method

By End-User:

  • Oil and Gas
  • Refining
  • Power Generation
  • Metal and Mining
  • Paper and Pulp
  •  Other End-user Verticals

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Company Profile:

  • ABB Limited*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • 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.

“*” marked represents similar segmentation in other categories in the respective section.

Global Emergency Shutdown Systems Market Key Players

The key players operating the Emergency Shutdown Systems Market include 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, and Siemens AG.

Global Emergency Shutdown Systems Market Key Issues Addressed

  • In May 2022, Emerson unveiled the Top Worx DX PST featuring HART 7 technology. These units offer essential valve data and diagnostic insights, facilitating the digital evolution of process operations. The innovative DX PST integrates with current valves and control setups, empowering operators with crucial valve information, trends, and diagnostics. This cutting-edge Emergency Shutdown Discrete Valve Controller enhances safety and uptime in hazardous environments.
  •  In October 2020, Yokogawa Electric Corporation unveiled ProSafe-RS Lite, a safety integrity level 2 (SIL2) version of its ProSafe series safety instrumented system, slated for release in late January 2021. As a fundamental component of the OpreX Control and Safety System family, ProSafe enhances Yokogawa's safety instrumented systems portfolio, spanning SIL2 to SIL4 risk reduction levels. This expanded range empowers customers with diverse options to match their safety instrumented system needs with installation cost and site SIL requirements. Yokogawa remains dedicated to advancing plant safety by continuously refining the functionality of the ProSafe series.

Global Emergency Shutdown Systems Market Company Profile

  • ABB Limited*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • 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.

“*” marked represents similar segmentation in other categories in the respective section.

Global Emergency Shutdown Systems Market Table of Contents

Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

Market Preview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Control Method
    • Market Snippet, By End-Use Vertical
    • Market Snippet, By Region
  • Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Market Trends
  • Product Launch
  • Merger and Acquisitions
  • Impact Analysis
  • PEST Analysis
  • Porter’s Analysis

Market Segmentation, Control Methods, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Electrical Fiber Optic
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Pneumatic
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Hydraulic
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other Control Methods
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, End-Use Vertical, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Oil and Gas
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Refining
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Power Generation
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Metal and Mining
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Paper and Pulp
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other End-user Verticals
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (USD Bn), By Control Method, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • U.S
      • Canada
  • Asia Pacific
    • Market Size and Forecast (USD Bn), By Control Method, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Europe
    • Market Size and Forecast (USD Bn), By Control Method, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Latin America
    • Market Size and Forecast (USD Bn), By Control Method, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East and Africa
    • Market Size and Forecast (USD Bn), By Control Method, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East and Africa

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
  • 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.

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Emergency Shutdown Systems Market Size was valued at US$ 2.3 billion in 2024 and is expected to grow at a CAGR of 8.2% to reach US$ 4.7 billion by 2034.

The Emergency Shutdown Systems Market is segmented into Control Methods, End-User, and Region.

Factors driving the market include integrating advanced automation technologies, Increasing focus on cyber security, and Rising adoption of IoT for real-time monitoring and response.

The Emergency Shutdown Systems Market's restraints include Government Regulations and high costs.

The Emergency Shutdown Systems Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Emergency Shutdown Systems Market include 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, and Siemens AG.