Global Industrial Emergency Shutdown Systems Market 2016-2020

February 10, 2016
SKU:
IRTNTR8697
This industry research report presents a detailed segmentation of the global industrial emergency shutdown (ESD) systems market by end users (oil and gas, chemical and petrochemical, pharmaceutical, water and wastewater, pulp and paper, and others) and by geography (Americas, APAC, and EMEA). The key vendors analyzed in this market research are ABB, Rockwell Automation, Schneider Electric, and Yokogawa Electric.

Outlook of the global industrial emergency shutdown (ESD) systems market

An emergency shutdown system (ESD) is a safety-instrumented system that protects a manufacturing plant from explosions or leakages. Such systems consist of components like sensors, logic solvers, and final control elements, and are widely utilized in sectors like oil and gas, chemical and petrochemical, and other process-oriented industries. Factors such as the rising exploration activities in the oil and gas industry and the growing pressure from regulatory bodies, such as OSHA, to maintain high standards of safety in plants will aggrandize this market’s growth potential until 2020. Technavio’s market research analyst estimates this market to exhibit an impressive market growth rate of nearly 12% during the predicted period.

In this market research, analysts have estimated factors like the integration of control and safety systems to impel market growth during the forecast period. Recently, it has been observed that the expansion of the oil and gas industry over the last three years has increased the complexity and boosted the need for safety systems. Since these industries have to maintain the quality of products by removing contamination and sulfur, they are increasingly integrating plant safety systems with process control to improve the operators’ visibility into the plant and their reaction time.

End-user segmentation of the industrial ESD systems market

  • Oil and gas
  • Chemical and petrochemical
  • Pharmaceutical
  • Water and wastewater
  • Pulp and paper

According to this segmentation analysis, the oil and gas segment will be the largest market segment during the forecast period and will grow at a CAGR of more than 12% during the forecast period. Eminent factors such as the extensive exploration of new oil and gas fields and augmented investments in pipelines and refineries in regions like the Americas, MEA, and APAC will lead to the strong growth of this market segment during the estimated period.

Geographical segmentation of the industrial ESD systems market

  • Americas
  • APAC
  • EMEA

Geographically, the EMEA region will be the largest market for industrial ESD systems during the forecast period and will account for an impressive market share of more than 42% by 2020. The retrofitting of water plants for supplying clean and healthy water in Western Europe is a major factor that will spur the prospects for market growth in this region. Furthermore, the presence of top chemical producing companies such as BASF in Europe will also aid in the growth of this market until 2020.

Competitive landscape and key vendors 

This market is highly competitive as vendors like ABB, Rockwell Automation, and Schneider Electric account for a major share of the total market revenue. Strategies like joint ventures and M&As will revolutionize the market with better offerings and services in the future.

Top vendors in the market are -

  • ABB
  • Rockwell Automation
  • Schneider Electric
  • Yokogawa Electric

Other prominent vendors are Emerson Process Management, Esoterica Automation, General Electric, HIMA Paul Hildebrandt, Honeywell, Johnson Controls, Norgren, OMRON, Siemens, and Tyco.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global industrial ESD systems market?
  • What are the key market trends impacting the growth of the industrial ESD systems market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the industrial ESD systems market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global industrial ESD systems market?

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