Industrial emergency shutdown systems are used in the petrochemical and chemical, gas and oil, and other industries as a safety instrument system to protect the manufacturing plant from leakage or explosion. The system is used to activate curative output so that hazardous consequences can be alleviated. In any type of process abnormality, the industrial emergency shutdown systems are the ultimate option for protection in the industrial unit. These systems are connected to sensors with PLCs to form a safety loop. The industrial emergency shutdown systems are used to shut down or halt a plant when hazardous situations like uncontrolled flooding, hydrocarbon escape etc. take place. The number of end users in the industrial emergency shutdown systems market comes from heavy industries like oil and gas where major units like production, manufacturing, and hazardous operation processes take place. Industries occupy major part in the industrial emergency shutdown systems market where safety is the prime concern.

Industrial Emergency Shutdown Systems Market: Market Dynamics

Rise in the number of accidents in the industry works and the number of hazardous explosions has grown the demand in the industrial emergency shutdown systems market.  Growing number of projects for sophisticated plants and processes has been a driving factor for the growth of industrial emergency shutdown systems armlet. Rapid expansion of industries like gas and oil has been driving the growth of industrial emergency shutdown systems market. Government regulations towards use of hazardous products and the rising safety norms have been the restraining factors towards the growth of the industrial emergency shutdown systems market.

High cost of the system and extra cost to the manufacturers in maintenance has become a restraint to the growth of industrial emergency shutdown systems market.

Also, rise in popularity of industrial IoT and demanding programmable safety systems in industrial emergency shutdown systems is a platform for growth of opportunities in the market.

Industrial Emergency Shutdown Systems Market: Market Segmentation

The industrial emergency shutdown systems market can be segmented on the basis of product type, end user, and region.

On the basis of product type, the industrial emergency shutdown systems market can be segmented into:-

  • Safety controllers/modules/relays
  • Safety switches
  • Logic solver/programmable safety systems
  • Emergency stop devices
  • Actuators
  • Safety sensors
  • Valves

On the basis of end user, the industrial emergency shutdown systems market can be segmented into:-

  • Refining
  • Pharmaceutical
  • Water & wastewater
  • Metal & mining
  • Power generation
  • Chemical
  • Oil & gas
  • Food & beverages
  • Paper & pulp

Industrial Emergency Shutdown Systems Market: Regional Outlook

The industrial emergency shutdown systems market can be segmented on the basis of geography into seven main regions as North America, APEJ, MEA, Western Europe, Latin America, Eastern Europe and Japan. North America is the leading vendor in the industrial emergency shutdown systems market due to highest volume occupied by the manufacturers in the region as the safety concerns are high by the government policies in countries like U.S and Canada. Demand in Western and Eastern Europe is also increasing due to rising industrialization in the region and is expected to rise in the forecast period. Asia Pacific is also slowly rising in the industrial emergency shutdown systems market in the countries like India and China and is expected to rise in the forecast period. The countries like New Zealand and Australia have limited networks in the market and is expected to grow in the forecast period. In the Middle East and Africa region, market is high in demand due to the government policies in countries like Brazil over safety issues.

Industrial Emergency Shutdown Systems Market: Key Players

The prominent players in the industrial emergency shutdown systems market are:-

  • Honeywell International
  • Tyco International
  • Norgren
  • Yokogawa Electric
  • Rockwell Automation
  • Esoterica Automation
  • HIMA Paul Hildebrandt
  • Johnson Controls
  • Schneider Electric
  • Siemens Int.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Industrial Emergency Shutdown Systems Market

Pre Book