The overall emergency shutdown (ESD) system market is expected to reach USD 1,816 million by 2022, at a CAGR of 9.1% between 2016 and 2022 driven by rising demand for safety systems in the oil & gas industry is an important factor driving the ESD system market.
Complete report on worldwide emergency shutdown (ESD) system market spread across 165 pages, profiling more than 11 companies and supported with 69 tables and 60 figures is now available at http://www.rnrmarketresearch.com/emergency-shutdown-system-market-by-components-switches-sensors-programmable-safety-systems-safety-valves-actuators-by-control-method-pneumatic-electrical-fiber-optic-radio-telemetry-by-application-and-st-to-2022-market-report.html .
The demand for energy is growing because of economic and industrial development in different countries, and oil & gas are the major sources of energy due to which large investments in these sources have been rising across the globe. Moreover, these systems reused to minimize the consequences of emergency situations related to typically uncontrolled flooding, escape of hydrocarbons, or outbreak of fire in hydrocarbon carrying areas in the oil & gas application.
The market for the power generation application is estimated to grow at a high CAGR during the forecast period. New techniques reduce the environmental burden of coal-fired power plants and allow higher efficiencies with a better conversion of heat to electrical energy; accordingly, related ESD systems are also expected to change. The rising demand for green energy has resulted into outset of new projects for renewable power generation; therefore, the market for the power generation application is expected to grow rapidly during the forecast period.
The market in APAC is expected to grow at a high CAGR between 2016 and 2022. With developing industrialization in APAC, increasing industrial and machine safety emphasis by the organizations and influence of multinational companies in adoption of safety systems are driving the demand for ESD systems in the APAC region. A healthy growth of ESD systems is expected in the oil & gas application with a number of green field projects being planned in countries such as Indonesia and Malaysia. Some of the major players of ESD system in APAC are Yokogawa Electric Corporation (Japan) and OMRON Corporation (Japan).
The key players in ESD system this market are Rockwell Automation (U.S.), Schneider Electric SE (France), Emerson Electric Company (U.S.), Siemens AG (Germany), Honeywell International, ABB Ltd. (Switzerland), General Electric Company, Yokogawa Electric Corporation, OMRON Corporation, and HIMA Paul Hildebrandt GmbH (Germany). Ask for the discount before order a copy of Emergency Shutdown System Market by Components (Switches, Sensors, Programmable Safety Systems, Safety Valves, Actuators), by Control Method (Pneumatic, Electrical, Fiber optic, Radio Telemetry), by Application, and Region - Global Trend and Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=536748 .
Breakup of profile of primary participants for the report is given below:
By Company Type – Tier 1 – 45%, Tier 2 – 25%, and Tier 3 – 30%
By Designation – C-Level – 45% and Manager Level – 55%
By Region – North America - 20%, Europe – 25%, APAC – 40%, and RoW – 15%
On a related note, another research on Energy Harvesting System Market Global Forecast to 2022 says, the market is expected to grow at a CAGR of 19.6% during the forecast period between 2016 and 2022. Building & home automation expected to hold the largest market share during the forecast period. The Americas expected to hold the largest market share during the forecast period. The geographic segmentation categorizes the main regions of the world into The Americas, Europe, Asia-Pacific (APAC), and RoW. Companies like ABB Limited, Arveni, Convergence Wireless, Cymbet Corporation, EnOcean GmbH, Fujitsu Limited, GreenPeak Technologies B.V., Honeywell International Inc., Microchip Technology Inc., STMicroelectronics N.V. and Texas Instrument Incorporated have been profiled in this 179 pages research report available at http://www.rnrmarketresearch.com/energy-harvesting-market-global-forecast-analysis-2012-2017-by-technology-application-geography-market-report.html .
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