North America Emergency Shutdown Systems Market

Historic Data: 2016-2017   |   Base Year: 2018   |   Forecast Period: 2019-2027

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


No. of Pages: 133    |    Report Code: TIPRE00009213    |    Category: Electronics and Semiconductor

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North America Emergency Shutdown Systems Market

The emergency shutdown systems market in North America is expected to grow from US$ 306.40Mn in 2018 to US$ 462.57 Mn by the year 2027 at a CAGR of 4.8% during the forecast period.

 

The increased demand from regional authorities for higher safety in countries such as the US and Canada encourages the growth of the emergency shutdown systems market.

 

It is anticipated that rising oil and gas prices and growing upstream activities will increase the growth for emergency shutdown systems market, especially from off-shore establishments as the demand for ESD systems comes from midstream, upstream, and downstream oil refinery activities. Laws and regulations such as the Bureau of Safety and Environmental Enforcement (BSEE) enforce safety and environmental laws for the off-shore oil and gas industry in the US, among others. However, limited penetration across SMEs in emerging economies and narrow scope for cross vertical standardization might hamper the emergency shutdown systems market growth during the forecast period. One of the latest trends impacting emergency shutdown systems market growth is the automated industrial control system.

 

North America emergency shutdown system market is expected to grow at a good CAGR during the forecast period. The surge in the demand for minimizing hydrocarbon leakages, especially in off-shore oilfield-based projects, is one of the major factors driving the emergency shutdown systems market.

 

Mexico Emergency Shutdown System Market Revenue and Forecasts to 2027 (US$ Mn)

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North America Emergency Shutdown Systems Strategic Insights

Strategic insights for the North America Emergency Shutdown Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Emergency Shutdown Systems Report Scope

Report Attribute Details
Market size in 2018 US$ 306.40 Million
Market Size by 2027 US$ 462.57 Million
Global CAGR (2018 - 2027) 4.8%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Component
  • Switches
  • Sensors
  • Programmable Safety Systems
  • Safety Valves
  • Actuators
By Control Method
  • Pneumatic
  • Electrical
  • Fiber Optic
  • Hydraulic
By End User Industry
  • Oil & Gas
  • Refining
  • Power Generation
  • Chemical
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Siemens AG
  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Company
  • Honeywell International Inc.
  • National Oilwell Varco, Inc.
  • Cameron International Corporation
  • OMRON Corporation
  • Schneider Electric SE
  • Yokogawa Electric Corporation
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    North America Emergency Shutdown Systems Regional Insights

    The geographic scope of the North America Emergency Shutdown Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    North America Emergency Shutdown System Market–Segmentation

     

    North America Emergency Shutdown System Market By Component

    • Switches
    • Sensors
    • Programmable Safety System
    • Safety Valves
    • Actuators
    • Others

    North America Emergency Shutdown System Market By Control Method

    • Pneumatic
    • Electrical
    • Fiber Optic
    • Hydraulic

    North America Emergency Shutdown System Market By End User Industry

    • Oil & Gas
    • Refining
    • Power Generation
    • Chemical
    • Others

    North America Emergency Shutdown System Market By Country

    • US
    • Canada
    • Mexico

    North America Emergency Shutdown System Market-Companies Mentioned

    • Siemens AG
    • ABB Ltd.
    • Emerson Electric Co.
    • General Electric Company
    • Honeywell International Inc.
    • National Oilwell Varco, Inc.
    • Cameron International Corporation
    • OMRON Corporation
    • Schneider Electric SE
    • Yokogawa Electric Corporation

    The List of Companies - North America Emergency Shutdown Systems Market

    The List of Companies - North America Emergency Shudown System Market

    1. Siemens AG
    2. ABB Ltd.
    3. Emerson Electric Co.
    4. General Electric Company
    5. Honeywell International Inc.
    6. National Oilwell Varco, Inc.
    7. Cameron International Corporation
    8. OMRON Corporation
    9. Schneider Electric SE
    10. Yokogawa Electric Corporation
    Frequently Asked Questions
    How big is the North America Emergency Shutdown Systems Market?

    The North America Emergency Shutdown Systems Market is valued at US$ 306.40 Million in 2018, it is projected to reach US$ 462.57 Million by 2027.

    What is the CAGR for North America Emergency Shutdown Systems Market by (2018 - 2027)?

    As per our report North America Emergency Shutdown Systems Market, the market size is valued at US$ 306.40 Million in 2018, projecting it to reach US$ 462.57 Million by 2027. This translates to a CAGR of approximately 4.8% during the forecast period.

    What segments are covered in this report?

    The North America Emergency Shutdown Systems Market report typically cover these key segments-

    • Component (Switches, Sensors, Programmable Safety Systems, Safety Valves, Actuators)
    • Control Method (Pneumatic, Electrical, Fiber Optic, Hydraulic)
    • End User Industry (Oil & Gas, Refining, Power Generation, Chemical)

    What is the historic period, base year, and forecast period taken for North America Emergency Shutdown Systems Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Emergency Shutdown Systems Market report:

  • Historic Period : 2016-2017
  • Base Year : 2018
  • Forecast Period : 2019-2027
  • Who are the major players in North America Emergency Shutdown Systems Market?

    The North America Emergency Shutdown Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Siemens AG
  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Company
  • Honeywell International Inc.
  • National Oilwell Varco, Inc.
  • Cameron International Corporation
  • OMRON Corporation
  • Schneider Electric SE
  • Yokogawa Electric Corporation
  • Who should buy this report?

    The North America Emergency Shutdown Systems Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Emergency Shutdown Systems Market value chain can benefit from the information contained in a comprehensive market report.