Los Angeles, CA -- (SBWire) -- 02/22/2019 --This report focuses on the global Emergency Shutdown System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Emergency Shutdown System development in United States, Europe and China.
The oil & gas application accounted for the largest share among all applications of the ESD system market, followed by the power generation application. Safety is the most critical concern in the oil & gas industry. Lack of proper safety systems in the oil & gas industry may lead to production loss, stress on affected components and systems, and hazards during system restoration. Therefore, the market for ESD systems is expected to grow in the oil& gas application during the forecast period.
In 2017, the global Emergency Shutdown System market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
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The key players covered in this study
ABB Ltd.
Emerson Electric Co.
General Electric Company
Honeywell International Inc.
Schneider Electric SE
Rockwell Automation, Inc.
Siemens AG
Yokogawa Electric Corp.
Omron Corporation
Proserv Ingenious Simplicity
Hima Paul Hildebrandt GmbH
Market segment by Type, the product can be split into
Safety switches
Emergency stop devices
Safety controllers/modules/relays
Safety sensors
Logic solver/programmable safety systems
Valves
Actuators
Market segment by Application, split into
Power generation
Oil & gas
Refining
Chemical
Pharmaceutical
Paper & pulp
Metal & mining
Food & beverages
Water & wastewater
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Emergency Shutdown System Market Current Situation and Growth Forecast to 2025
Emergency Shutdown System Market with Manufacturers, Countries, Type and Application, Forecast to 2025, New Research Report Announced by The QY Research. The report Contain Segmentation, Current Trends, Emerging Challenges, Strategic Alliances.