Report Detail
North America Emergency Shutdown Systems Market to 2027 - Regional Analysis and Forecasts by Component (Switches, Sensors, Programmable Safety Systems, Safety Valves, Actuators, Others); Control Method (Pneumatic, Electrical, Fiber Optic, Hydraulic); End User Industry (Oil & Gas, Refining, Power Generation, Chemical, and Others); and Country
- RnM3926466 |
- 13 March, 2020 |
- Global |
- 133 Pages |
- The Insight Partners |
- Electronics & Semiconductor
The emergency shutdown systems market in North America is expected to grow from US$ 306.40 Mn in 2018 to US$ 462.57 Mn by the year 2027 at a CAGR of 4.8% during the forecast period. According to the American Chemistry Council’s (ACC) Mid-Year 2019 Chemical Industry Situation and Outlook, the US chemicals industry output is projected to continue its growth in 2019. The growth is attributed to growing vital domestic end-use markets as well as a sustained competitive advantage due to growing supplies of natural gas and natural gas liquids from shale activity prompting new capital investment. The growth in the chemical industry is further expected to provide opportunities to the emergency shutdown system market.
A significant investment in the energy & power sector of the region has also been noticed which is likely to drive the emergency shutdown system market. The US is the largest producer of nuclear power worldwide, accounting for over 30% of global nuclear generation of electricity. As of 2018, the country has ~98 operating nuclear power reactors in across 30 states. Moreover, Mexico is witnessing investment growth in its oil & gas sector. For instance, in May 2019, Mexico’s state oil company, Petróleos Mexicanos announced its plans to build a US$ 7.7 Bn oil refinery.
On the basis of component, the North America emergency shutdown systems market, by component, was led by the safety valves segment in 2018 with a decent share and is expected to continue its dominance during the forecast period, thereby accounting for decent share of the total market by 2027. Safety valves are a part of a safety shutdown valve (SSV) are used for executing emergency shutdown system market. The safety valve upholds a zero-leakage circuit to assure that valve movement does not happen accidentally till the fail-safe signal is received.
The overall North America emergency shutdown systems market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America emergency shutdown systems market. It also provides an overview and forecast for the emergency shutdown systems based on all the segmentation provided with respect to the North America region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the emergency shutdown system industry. Some of the players present in North America emergency shutdown systems market are Siemens AG, ABB Ltd, Honeywell International Inc, among others.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Emergency Shutdown Systems Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 4.5 Premium Insight
5. Emergency Shutdown Systems Market – Key Industry Dynamics
- 5.1 Drivers
- 5.1.1 Rising Oil & Gas prices and Growing upstream activities will Increase the Growth for Emergency Shutdown Systems
- 5.1.2 Consolidation of Industrial Control Systems for Minimize the Catastrophic Accidents
- 5.2 Restraints
- 5.2.1 High Initial Investment for SMEs
- 5.3 Opportunities
- 5.3.1 Integration of IoT-enabled Services Within ESD for Increasing Overall Productivity
- 5.4 Trends
- 5.4.1 Supervisory Control and Data Acquisition (SCADA)
- 5.5 Impact Analysis of Drivers and Restraints
6. Emergency Shutdown System Market – Global Market Analysis
- 6.1 North America Emergency shutdown system Market Forecast and Analysis
7. North America Emergency Shutdown Systems Market– By Component
- 7.1 Overview
- 7.2 North America Emergency Shutdown Systems Market Breakdown, by Component, 2018 & 2027
- 7.3 Switches
- 7.3.1 Overview
- 7.3.2 North America Emergency Shutdown Systems Market for Switches, Revenue and Forecast to 2027 (US$ Mn)
- 7.4 Sensors
- 7.4.1 Overview
- 7.4.2 North America Emergency Shutdown Systems Market for Sensors, Revenue and Forecast to 2027 (US$ Mn)
- 7.5 Programmable Safety Systems
- 7.5.1 Overview
- 7.5.2 North America Emergency Shutdown Systems Market for Programmable Safety Systems, Revenue and Forecast to 2027 (US$ Mn)
- 7.6 Safety Valves
- 7.6.1 Overview
- 7.6.2 North America Emergency Shutdown Systems Market for Safety Valves, Revenue and Forecast to 2027 (US$ Mn)
- 7.7 Actuators
- 7.7.1 Overview
- 7.7.2 North America Emergency Shutdown Systems Market for Actuators, Revenue and Forecast to 2027 (US$ Mn)
- 7.8 Other Components
- 7.8.1 Overview
- 7.8.2 Emergency Shutdown Systems Market for Other Components, Revenue and Forecast to 2027 (US$ Mn)
8. Emergency Shutdown System Market – By Control Method
- 8.1 Overview
- 8.2 North America Emergency Shutdown System Market Breakdown, by Control Method, 2018 and 2027
- 8.3 Pneumatic
- 8.3.1 Overview
- 8.3.2 North America Emergency Shutdown Systems Market for Pneumatic Control, Revenue and Forecast to 2027 (US$ Mn)
- 8.4 Electrical
- 8.4.1 Overview
- 8.4.2 North America Emergency Shutdown Systems Market for Electrical Control, Revenue and Forecast to 2027 (US$ Mn)
- 8.5 Fibre-optic
- 8.5.1 Overview
- 8.5.2 North America Emergency Shutdown Systems Market for Fiber-optic Control, Revenue and Forecast to 2027 (US$ Mn)
- 8.6 Hydraulic
- 8.6.1 Overview
- 8.6.2 North America Emergency Shutdown Systems Market for Hydraulic Control, Revenue and Forecast to 2027 (US$ Mn)
9. North America Emergency Shutdown System Market – By End-User Industry
- 9.1 Overview
- 9.2 North America Emergency Shutdown System Market Breakdown, by End-User Industry, 2018 and 2027
- 9.3 Oil & Gas
- 9.3.1 Overview
- 9.3.2 North America Emergency Shutdown System Market for Oil & Gas, Revenue and Forecast to 2027 (US$ Mn)
- 9.4 Refining
- 9.4.1 Overview
- 9.4.2 North America Emergency Shutdown System Market for Refining, Revenue and Forecast to 2027 (US$ Mn)
- 9.5 Power Generation
- 9.5.1 Overview
- 9.5.2 North America Emergency Shutdown System Market for Power Generation, Revenue and Forecast to 2027 (US$ Mn)
- 9.6 Chemicals
- 9.6.1 Overview
- 9.6.2 North America Emergency Shutdown System Market for Chemicals, Revenue and Forecast to 2027 (US$ Mn)
- 9.7 Others
- 9.7.1 Overview
- 9.7.2 North America Emergency Shutdown System Market for Other Industries, Revenue and Forecast to 2027 (US$ Mn)
10. North America Emergency Shutdown Systems Market -Country Analysis
- 10.1 North America Emergency Shutdown System Market, Revenue and Forecast to 2027
- 10.1.1 Overview
- 10.1.2 North America Emergency Shutdown System Market Breakdown, by Country
- 10.1.2.1 US Emergency Shutdown System Market, Revenue and Forecast to 2027 (US$ Mn)
- 10.1.2.1.1 US Emergency Shutdown System Market Breakdown, by Component
- 10.1.2.1.2 US Emergency Shutdown System Market Breakdown, by Control Method
- 10.1.2.1.3 US Emergency Shutdown System Market Breakdown, by End-user industry
- 10.1.2.2 Canada Emergency Shutdown System Market, Revenue and Forecast to 2027 (US$ Mn)
- 10.1.2.3 Canada Emergency Shutdown System Market Breakdown, by Component
- 10.1.2.4 Canada Emergency Shutdown System Market Breakdown, by Control Method
- 10.1.2.5 Canada Emergency Shutdown System Market Breakdown, by End-user industry
- 10.1.2.6 Mexico Emergency Shutdown System Market, Revenue and Forecast to 2027 (US$ Mn)
- 10.1.2.6.1 Mexico Emergency Shutdown System Market Breakdown, by Component
- 10.1.2.6.2 Mexico Emergency Shutdown System Market Breakdown, by Control Method
- 10.1.2.6.3 Mexico Emergency Shutdown System Market Breakdown, by End-user Industry
11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 11.4 Merger and Acquisition
12. Company Profiles
- 12.1 Siemens AG
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 ABB Ltd.
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Emerson Electric Co.
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 General Electric Company
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Honeywell International Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 National Oilwell Varco, Inc.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Cameron International Corporation
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 OMRON Corporation
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Schneider Electric SE
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Yokogawa Electric Corporation
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
Summary:
Get latest Market Research Reports on North America Emergency Shutdown Systems . Industry analysis & Market Report on North America Emergency Shutdown Systems is a syndicated market report, published as North America Emergency Shutdown Systems Market to 2027 - Regional Analysis and Forecasts by Component (Switches, Sensors, Programmable Safety Systems, Safety Valves, Actuators, Others); Control Method (Pneumatic, Electrical, Fiber Optic, Hydraulic); End User Industry (Oil & Gas, Refining, Power Generation, Chemical, and Others); and Country. It is complete Research Study and Industry Analysis of North America Emergency Shutdown Systems market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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