Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Emergency Shutdown System Market to reach USD 3680.8 million by the end of 2029.

Global Emergency Shutdown System Market Size study & Forecast, by Control Method (Electrical, Fiber Optic, Pneumatic, Hydraulic and Other Control Methods), End-user Vertical (Oil & Gas, Refining, Power Generation, Metal and Mining, Paper and Pulp and Other End-user Verticals) and Regional Analysis, 2022-2029

Product Code: EESC-59779350
Publish Date: 25-01-2023
Page: 200

Global Emergency Shutdown System Market is valued at approximately USD 1808.4 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.29% over the forecast period 2022-2029. Emergency Shutdown System ensures to control the process equipment which required to switch processes to safe mode. The Emergency Shutdown System market is expanding because of factors such as stringent regulatory policies for industrial safety and growing large-scale production projects due to the oil and gas industry expansion. This market is dominated by General Electric Co, Siemens AG, Honeywell International Inc, ABB Ltd, and Schneider Electric SE.

The increasing number of accidents in industrial plants and the number of dangerous explosions is increasing the demand in the market for industrial emergency shutdown systems. An increase in demanding equipment and process projects is driving the growth of industrial emergency control/shutdown systems. The government has induced the stringent regulatory policies for the industrial safety in order to reduce the mishappening in the industry which can harm worker as well as the environment. This market is expected to see high growth in the forthcoming years due to the rapid expansion of industries such as gas and oil are fueling the growth of the industrial emergency stop system market. For example, as per the India Brand equity Foundation report, India has planned about commercializing 50% of its SPR (Strategic Oil Reserves) to gain finances and develop additional storage tanks to offset rising oil prices and ONGC released a plan to invest around US$4 billion in FY2022-25 to step up exploration activities in India in May 2022. Moreover, the increased adoption of industrial control systems with advanced technologies is expected to have multiple opportunities to grow further. However, the high initial and maintenance costs of the Emergency Shutdown System stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Emergency Shutdown System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the dominance of branded products and the region’s increasing technological advancement and growth of businesses such as Oil and Gas production. According to the United Kingdom, Extractive Industries Transparency Initiative (UKEITI), between 2014 and 2019, UKCS oil and gas production increased by 19%. This was down 4% in 2020, driven by large incremental projects in existing fields and the start-up of nearly 40 new fields. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors, increasing adoption of highly technical industrial control systems in multiple end-user industries is expected to drive the adoption of emergency shutdown systems among large and small businesses in the region.

Major market player included in this report are:
Siemens AG
Schneider Electric SE
Emerson Electric Company
General Electric Co.
Omron Corporation
Proserv UK Ltd.
Hima Paul Hildebrandt GmbH
Honeywell International Inc.
ABB Limited
Rockwell Automation, Inc.
Recent Developments in the Market:
 In April 2020 – Emerson acquires the American Governor Company, a leader in hydroelectric turbine controls system. The American Governor Company builds on Emerson’s technical capabilities and proficiency in the renewable energy and energy industries.
 In November 2019 – Yokogawa Electric Corporation proclaimed the release of ProSafe-RS R4.05.00, an upgraded version of the safety instrumented system ProSafe-RS. ProSafe-RS is the core product of his OpreX family of control and safety systems provided by the company.

Global Emergency Shutdown System Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Control Method, End User Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Control Method:
Fiber Optic
Other Control Methods
By End-user Vertical:
Oil and Gas
Power Generation
Metal and Mining
Paper and Pulp
Other End-user Verticals

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Emergency Shutdown System Market, by Region, 2019-2029 (USD Million)
1.2.2. Emergency Shutdown System Market, by Control Method, 2019-2029 (USD Million)
1.2.3. Emergency Shutdown System Market, by End User Vertical, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Emergency Shutdown System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Emergency Shutdown System Market Dynamics
3.1. Emergency Shutdown System Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Stringent Regulatory Policies for Industrial Safety Growing Large-scale Production Projects due to Expansion of the Oil and Gas Industry
3.1.2. Market Challenges High Initial and Maintenance Costs
3.1.3. Market Opportunities Increased Adoption of Industrial Control Systems With Advanced Technologies
Chapter 4. Global Emergency Shutdown System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Emergency Shutdown System Market, by Control Method
6.1. Market Snapshot
6.2. Global Emergency Shutdown System Market by Control Method, Performance – Potential Analysis
6.3. Global Emergency Shutdown System Market Estimates & Forecasts by Control Method 2019-2029 (USD Million)
6.4. Emergency Shutdown System Market, Sub Segment Analysis
6.4.1. Electrical
6.4.2. Fiber Optic
6.4.3. Pneumatic
6.4.4. Hydraulic
6.4.5. Other Control Methods
Chapter 7. Global Emergency Shutdown System Market, by End User Vertical
7.1. Market Snapshot
7.2. Global Emergency Shutdown System Market by End User Vertical, Performance – Potential Analysis
7.3. Global Emergency Shutdown System Market Estimates & Forecasts by End User Vertical 2019-2029 (USD Million)
7.4. Emergency Shutdown System Market, Sub Segment Analysis
7.4.1. Oil and Gas
7.4.2. Refining
7.4.3. Power Generation
7.4.4. Metal and Mining
7.4.5. Paper and Pulp
7.4.6. Other End-user Verticals
Chapter 8. Global Emergency Shutdown System Market, Regional Analysis
8.1. Emergency Shutdown System Market, Regional Market Snapshot
8.2. North America Emergency Shutdown System Market
8.2.1. U.S. Emergency Shutdown System Market Control Method breakdown estimates & forecasts, 2019-2029 End User Vertical breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Emergency Shutdown System Market
8.3. Europe Emergency Shutdown System Market Snapshot
8.3.1. U.K. Emergency Shutdown System Market
8.3.2. Germany Emergency Shutdown System Market
8.3.3. France Emergency Shutdown System Market
8.3.4. Spain Emergency Shutdown System Market
8.3.5. Italy Emergency Shutdown System Market
8.3.6. Rest of Europe Emergency Shutdown System Market
8.4. Asia-Pacific Emergency Shutdown System Market Snapshot
8.4.1. China Emergency Shutdown System Market
8.4.2. India Emergency Shutdown System Market
8.4.3. Japan Emergency Shutdown System Market
8.4.4. Australia Emergency Shutdown System Market
8.4.5. South Korea Emergency Shutdown System Market
8.4.6. Rest of Asia Pacific Emergency Shutdown System Market
8.5. Latin America Emergency Shutdown System Market Snapshot
8.5.1. Brazil Emergency Shutdown System Market
8.5.2. Mexico Emergency Shutdown System Market
8.5.3. Rest of Latin America Emergency Shutdown System Market
8.6. Rest of The World Emergency Shutdown System Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Siemens AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Schneider Electric SE
9.2.3. Emerson Electric Company
9.2.4. General Electric Co.
9.2.5. Omron Corporation
9.2.6. Proserv UK Ltd.
9.2.7. Hima Paul Hildebrandt GmbH
9.2.8. Honeywell International Inc
9.2.9. ABB Limited
9.2.10. Rockwell Automation, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now