openPR Logo
Press release

Emergency Shutdown System Market 2020: Development, Opportunity, Growth by Top Key Players ABB, Emerson Electric, General Electric, Hima Paul Hildebrandt, Honeywell International, National Oilwell Varco, Omron Corpo

12-21-2020 11:50 AM CET | Logistics & Transport

Press release from: Premium Market Insights

EV Powertrain Market to 2027 - Premium Market Insights

EV Powertrain Market to 2027 - Premium Market Insights

The increasing industrial applications and manufacturing processes, there has been a surge in the number of global catastrophic accidents. As per the Global Wellness Institute, there were 313 million work-related accidents and 2.3 million work-related deaths in 2016 across the world. The consolidation of industrial control systems with emergency shutdown systems leads to control room modernization, enhances efficiency, and reduces accidents. Companies are continuously investing in projects relating to improvement of operations and safety at workplaces such as refineries and power generation.

Get Sample Copy of this Report @ https://www.premiummarketinsights.com/sample/TIP00012536?vin

Safety Manager receives and transmits signals from local control houses to the central control house. At the local control houses, Safety Manager interfaces with existing emergency shutdown systems on the basis of relay logic. Further, with the help of fiber-optic links, the signals are relayed to the Safety Manager in the central control house. Thus, the consolidation of industrial control systems with emergency shutdown systems is driving the growth of the market. Thus, expected to create new opportunities for the global emergency shutdown system market during the forecasted period and offer future growth opportunities for market players operating in the global emergency shutdown system market.

The global emergency shutdown system market is anticipated to witness impressive growth during the forecast period, owing to the adoption of electrically controlled emergency shutdown system across the world. During the forecast period of 2019 to 2027, electrical control method is expected to drive the demand for emergency shutdown system worldwide. Through an electrical emergency shutdown system, the electrical signal is detected, and a necessary action is taken at the beginning of hazard and automatic hazard termination. The electrically controlled systems function in accordance with alarms, interlocks and trips, emergency shutdown, and process control systems. The integration of emergency shutdown systems with IoT is one of the biggest opportunities for the market as IoT connects the physical world to the internet using sensors, collects data via sensors, and analyses the collected data and provides a deeper insight and is projected to offer ample growth opportunities for the players operating in the emergency shutdown system market during the forecast period of 2019 to 2027.

Significant market initiatives have been taken by some of the leading companies in emergency shutdown system market by getting involved in partnering with the clients, winning significant contracts, and also expanding their production capabilities. For instance, in 2019, Honeywell UOP’s advanced heavy oil processing technology was selected byPetro China Guangdong Petrochemical Company, to offer solution for the scale and complexity of PetroChina’s operations. In the same year, Yokogawa announced a new version of ProSafe-RS safety instrumented system. This new system comprises of advanced function which speeds up system software upgrades as well as a new function which prevent the system from operator errors. Furthermore, Emerson announced the acquisition of General Electric’s Intelligent Platforms business, which includes programmable logic controller (PLC) technologies and enables Emerson to expand its foothold across machine control and discrete applications. These strategic initiatives are further expected to provide a significant opportunities for emergency shutdown system market growth in the coming years.

The major players operating in the market for emergency shutdown system market include ABB Ltd, Emerson Electric Co., General Electric Co., Hima Paul Hildebrandt, Honeywell International Inc., National Oilwell Varco, Omron Corporation, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation among others.

Interested in purchasing this Report? Click here @ https://www.premiummarketinsights.com/buy/TIP00012536?vin

The report segments the global emergency shutdown system market as follows:

Global Emergency Shutdown System Market – By Component

Switches
Sensors
Programmable Safety Systems
Safety Valves, Actuators
Others
Global Emergency Shutdown System Market – By Control Method

Pneumatic
Electrical
Fiber Optic
Hydraulic
Global Emergency Shutdown System Market – By End-User Industry

Oil & Gas
Refining
Power Generation
Chemical
Others
Global Emergency Shutdown System Market – By Geography

North America
US
Canada
Mexico
Europe
France
Germany
Italy
Russia
UK
Rest of Europe
APAC
China
India
Japan
Australia
South Korea
Rest of APAC
MEA
Saudi Arabia
UAE
South Africa
Rest of MEA
SAM
Brazil
Argentina
Rest of SAM

Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com

About Premium Market Insights:

Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Emergency Shutdown System Market 2020: Development, Opportunity, Growth by Top Key Players ABB, Emerson Electric, General Electric, Hima Paul Hildebrandt, Honeywell International, National Oilwell Varco, Omron Corpo here

News-ID: 2214110 • Views: 523

More Releases from Premium Market Insights

Business Jet MRO Market Segmentation, Technological Advancement, Growth Overview …
Business Jet MRO market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making. Global Business Jet MRO (RMS) Market Report 2020 - Market Size, Share, Price, Trend and Forecast is a professional
Offline Meal Kit Delivery Service Market Report 2020 - Blue Apron, Hello Fresh, …
Offline Meal Kit Delivery Service market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making. Global Offline Meal Kit Delivery Service (RMS) Market Report 2020 - Market Size, Share, Price, Trend and
Robotic Milking Systems Market Report 2020 - DeLaval, GEA, Lely, Hokofarm, SA Ch …
Robotic Milking Systems market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making. Global Robotic Milking Systems (RMS) Market Report 2020 - Market Size, Share, Price, Trend and Forecast is a professional
Food Service Management Software Market Drivers, Revenue, Application and Indust …
The food service management software system is designed with the capabilities and capabilities to manage and assist restaurants and bars. Food service management software enables purchase, inventory management, receipt, and recipe management of public and private food service operations. In addition, restaurants process large amounts of cash and credit transactions, so restaurant service management software makes life easier by tracking all business sales data to the last penny. Get a sample

All 5 Releases


More Releases for Electric

Electric Motors vehicles
Electric Car Batteries- Reuse and Recycling: There are several advantages to operating an electric vehicle (EV). Electric Vehicles pump fewer CO2 into the environment and less noise pollution in communities. When competition pushes down battery costs, they are also becoming more available to middle- and low-income consumers and policymakers are adopting national and local policies aimed at promoting EV production. It is extremely relevant when it comes to their batteries, which usually
New Electric Wheelchair
The wheelchair is controlled by a motor. With safety light. Convenient to use at night. Freely adjusting the backrest angle is more comfortable for the user. The average driving speed is 1-6km/h. The marketplace was wholly developed by the Jiangsu Medwish Network Technology Co., Ltd., a private corporation based in Jiangsu, China. Through substantial previous international B2B e-commerce field experience, Jiangsu Medwish is dedicated to establishing a globally recognized framework and
Global Electric Truck Market
Global Electric Truck Market – Industry Analysis and Forecast (2018-2026) – by Electric, Truck, Application Type and Region. Global Electric Truck Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Major driving factors of the Electric Truck Market the trucking industry is in the stages of a technological changes, with a particular focus
India pushes Electric Vehicles
The Indian government’s recent tweaking of the licensing policy for Electric Vehicles (EV) promises to address the infrastructure obstacle holding back the sector. The setting up of EV charging stations by the government would no longer require a license from the Ministry, paving the way for the faster construction of these stations. Earlier this year, Ola – the cab firm – initiated ‘Mission: Electric’ with plans to put 10,000 electric auto-rickshaws and
Folding Electric Bicycle
In this report, the global Folding Electric Bicycle market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Electric Bicycle in these regions, from 2012 to 2022
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in