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Emergency Shutdown Systems market expected to grow at 7.2% CAGR by 2025 | Honeywell International Inc., Kongsberg Maritime, Emerson Electric Co., and ABB, Ltd.
Emergency Shutdown Systems market
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The key players of the emergency shutdown systems market include Siemens AG, Schneider Electric SE, Rockwell Automation, Johnson Controls, Inc., General Electric Co., Honeywell International Inc., Kongsberg Maritime, Emerson Electric Co., and ABB, Ltd.
Recovering the prices of oil & gas and rising upstream activities are anticipated to grow the demand for emergency shutdown systems and mainly from offshore businesses. The demand for emergency shutdown systems from upstream, midstream and downstream activities are taken into account under the oil & gas industries. The government regulations such as the Bureau of Safety and Environmental Enforcement (BSEE) that enforce environmental and safety protection regulations for oil and natural gas industry in the US also plays a vital role in the market. The emergency shutdown system reduces the risk of a major incident, temperature of the line and pressure. The rising demand for safety and shutdown systems in the oil & gas industry is the major factor boosting the growth of the emergency shutdown systems market.
For More Information get A full report of Emergency Shutdown Systems is available at: https://www.omrglobal.com/industry-reports/emergency-shutdown-systems-market
The new techniques decrease the environmental burden of coal-fired power plants and offer larger efficiencies along with the better conversion of heat to electrical energy, accordingly emergency shutdown systems are anticipated to change. This growing demand for green energy has led to the beginning of new projects for renewable power generation, thus the power generation applications are anticipated to fuel the growth of the emergency shutdown market.
Global Emergency Shutdown Systems Market- Segmentation
By Component
• Safety Switches
• Safety Sensors
• Safety Valves
• Actuators
• Emergency Stop Devices
• Safety Controllers
• Programmable Safety Systems
By Application
• Oil & Gas
• Pharmaceutical
• Power Generation
• Chemical
• Food & Beverages
• Metal & Mining
• Others
Global Emergency Shutdown Systems Market – Segment by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
Rest of Europe
• Asia-Pacific
• China
• Japan
• India
Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.
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Source: Global Emergency Shutdown Systems Market
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