DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Emergency Shutdown System Market by Components, by Control Method, by Application, and Region - Global Trend and Forecast to 2022" report to their offering.
The overall emergency shutdown (ESD) system market is estimated to reach USD 1,816.0 Million by 2022, at a CAGR of 9.1% between 2016 and 2022. Rising demand for safety systems in the oil & gas industry and implementation of regulatory measures by several governments for industrial safety are important factors driving the ESD system market.
The ESD system market in APAC is expected to grow at the highest CAGR between 2016 and 2022. With growing industrialization in APAC, increasing industrial and machine safety emphasis by the organizations and influence of multinational companies in adoption of safety systems. Moreover, a healthy growth of ESD systems is expected in the oil & gas application with a number of greenfield projects being planned in countries such as Indonesia and Malaysia are driving the demand for ESD systems in the APAC region.
One of the key restraining factors for the growth of this market is complexity of safety designs and lack of awareness regarding standards. Lack of awareness regarding safety standards among end users who adopt safety-instrumented systems and technologies is one of the major restraints. Personnel present on plants and factories are not yet aware about the type of safety devices and standards available to safeguard the machinery and labor. Some of these plants and manufacturers do not have safety experts to determine the possibility of safety devices required in each machine or process.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Control Methods Used in Emergency Shutdown Systems
8 Emergency Shutdown System Market, By Component
9 Emergency Shutdown System Market, By Application
10 Emergency Shutdown System Market, By Geography
11 Competitive Landscape
12 Company Profiles
Companies Mentioned:
- ABB Ltd.
- Emerson Electric Co.
- General Electric Company
- Hima Paul Hildebrandt GmbH
- Honeywell International Inc.
- Omron Corporation
- Proserv Ingenious Simplicity
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
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Yokogawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/q2fb85/emergency
