Global Industrial Emergency Shutdown Systems Systems Market to grow at a CAGR of 11.95% during the period 2016 - 2020; Finds New Report

Report forecast the global industrial ESD systems market to grow at a CAGR of 11.95% during the period 2016-2020.

An ESD (emergency shutdown) system is a safety-instrumented system that protects a manufacturing plant from explosions or leakages in oil and gas, chemical and petrochemical, and other industries. It activates the curative outputs to alleviate the hazardous consequences.

ESD valves are the ultimate protection option for any process abnormality. In advanced systems, ESD systems are connected to a PLC with sensors that form a safety loop.

The report covers the present scenario and the growth prospects of the global industrial ESD systems market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of ESD systems, which includes installation and integration.

The market is divided into the following segments based on end-user:

• Oil and gas
• Chemical and petrochemical
• Pharmaceutical
• Water and waste water
• Pulp and paper
• others

According to the report, rapid industrial development and urbanization have boosted the demand for energy and exploration activities worldwide. Norway, the UK, the Netherlands, and Russia have increased their exploration activities over the years to meet growing energy needs. Large oil exploration companies and oil and gas exporting countries such as Russia, Saudi Arabia, Iraq, and Venezuela are taking this opportunity to enhance their revenues and market share.

Further, the report states that the low-cost alternative of implementing shutdown valves or actuators can also perform same functions as ESD systems. The market for industrial valves and actuators is thus improving owing to their cost saving attributes.

Global Industrial ESD Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Industrial ESD Systems Market: ABB, Rockwell Automation, Schneider Electric and Yokogawa Electric.

Other Prominent Vendors in the market are: Emerson Process Management, Esoterica Automation, General Electric, HIMA Paul Hildebrandt, Honeywell International, Johnson Controls, Norgren, OMRON, Siemens and Tyco International.

Market driver

• Growing exploration activities in oil and gas industry
• For a full, detailed list, view our report

Market challenge

• Availability of low-cost alternatives
• For a full, detailed list, view our report

Market trend

• Increased use of analytics
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this 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 key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 46 pages and 24 Exhibit “Global Industrial Emergency Shutdown Systems Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by end-users, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key takeaways, Appendix.

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