Emergency Shutdown Systems Global Market Report 2023: Growth in Industrial Internet of Things (IIOT) Usage to Bolster Growth

DUBLIN, April 26, 2023 /PRNewswire/ -- The "Emergency Shutdown Systems - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Emergency Shutdown Systems Market to Reach $3.1 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Emergency Shutdown Systems estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$3.1 Billion by 2030, growing at a CAGR of 8% over the analysis period 2022-2030. Electrical, one of the segments analyzed in the report, is projected to record a 8.1% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fiber Optics segment is readjusted to a revised 10.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $497.8 Million, While China is Forecast to Grow at 7.4% CAGR

The Emergency Shutdown Systems market in the U.S. is estimated at US$497.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$544.2 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.

Select Competitors (Total 46 Featured) -

• ABB Ltd.
• Emerson Electric Company
• General Electric Company
• HIMA Paul Hildebrandt GmbH
• Honeywell International, Inc.
• Omron Corporation
• Proserv
• Rockwell Automation, Inc.
• Schneider Electric SA
• Siemens AG
• Yokogawa Electric Corporation

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• A Prelude into Emergency Shutdown System Market Dynamics
• Emergency Shutdown Systems - Global Key Competitors Percentage Market Share in 2022 (E)
• Worldwide Market Shares of leading Market Players by Sales Volume: 2018
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Importance for Safety Systems, Particularly in the O&G Sector to Spur Growth
• Growth in Industrial Internet of Things (IIOT) Usage to Bolster Market Growth
• Worldwide IoT Spending (in billions)
• Worldwide Total Number of IoT Connected Installations (in billion): 2015-2025
• Regulatory Measures for Industrial Safety by Several Governments to Support Demand for Emergency Shutdown Systems
• Growing Significance for Industrial Safety Measures to Drive Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/tdqbor

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470 
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716 

Logo:  https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg 

SOURCE Research and Markets