Emergency Shutdown Systems Market 2021 Competitive Insights - ABB Limited, Emerson Electric Company, General Electric Co., Hima Paul Hildebrandt GmbH, Honeywell International Inc

The Emergency Shutdown Systems Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global emergency shutdown systems market was valued at USD 1.42 billion in 2019 and is expected to reach a value of USD 2.57 billion by 2025 at a CAGR of 9.29% over the forecast period of 2020-2025.

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Top Leading Companies of Emergency Shutdown Systems Market are 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, Yokogawa Electric Corporation, Wartsila Oyj Abp, Doedijns Group, Safoco Inc., Winn-Marion Companies, National Oilwell Varco Inc., Ruelco Inc., BWB Controls Inc., Bifold Group Ltd, Versa Products Company Inc., Halliburton Company and others.

Industry News and Updates

January 2018 - Emerson acquired ProSys Inc., a global supplier of software and services. The acquisition is aimed at increasing production and safety for industries, such as chemical, oil and gas, pulp and paper, and refining. The company expects to benefit from the company's differentiated technologies to efficiently handle changing plant states in January 2018.

Key Market Trends

Europe Accounts for a Significant Share in the Market

- Europe is one of the largest markets for emergency shutdown systems (ESD) in the world. A considerable activity in the downstream oil and gas sector and high industrial activity in the region is one of the most prominent drivers for ESD systems market in Europe.

- Europe is one of the most advanced and one of the largest crude oil refiners in the world. As of 2017, the region is responsible for 15% of the global oil refining capacity. The low crude oil situation in the recent past has significantly increased the demand for the expansion of existing refineries and the inception of new projects.

- Also, there has been a considerable exploration activity in countries like the United Kingdom that have led to key discoveries such as Glendronach (by Total). It is estimated that Glendronach is the fifth largest conventional natural gas reserve discovery on the UK Continental Shelf, in the millennium.

Regional Outlook of Emergency Shutdown Systems Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Emergency Shutdown Systems Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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