Market Overview:
The global emergency shutdown systems market size reached USD 2.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.7 Billion by 2033, exhibiting a growth rate (CAGR) of 7.54% during 2025-2033.
Report Attribute
|
Key Statistics
|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
|
USD 2.4 Billion |
Market Forecast in 2033
|
USD 4.7 Billion |
Market Growth Rate 2025-2033 |
7.54% |
Emergency shutdown systems are specialized control systems designed to minimize the consequences of emergencies, such as uncontrolled flooding, and provide safe operations. They consist of valves, field-mounted sensors, actuators, safety sensors, emergency stop devices, programmable safety systems, safety modules, and relays. These systems are widely used to reduce the chances of possible explosions and an outbreak of fire in hydrocarbon carrying areas and other hazardous areas. Emergency shutdown systems assist in closing watertight and fire doors, isolating electrical equipment and shutting and depressurizing system parts and equipment. They are highly reliable, safe, flexible, accurate, and provide faster response time. As a result, they find extensive application across various industries, such as refining, pharmaceuticals, paper and pulp, power generation, metal and mining, oil and gas.
Emergency Shutdown Systems Market Trends:
Significant growth in the oil and gas industry is one of the key factors creating a positive outlook for the market. Emergency shutdown systems are commonly used to minimize the risk of major incidents and prevent the pressure from bursting through the wellhead. In line with this, the increasing product demand, especially from offshore refineries, is favoring the market growth. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) in emergency shutdown systems to provide real-time monitoring, are boosting the market growth. Additionally, the rapid adoption of emergency shutdown systems in the pharmaceutical industry due to the involvement of toxic ingredients and heating and cooling agents is positively impacting the market growth. Other factors, such as the rising demand for emergency shutdown systems across the power generation industry and the implementation of various government initiatives for workplace safety, are driving the market growth across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global emergency shutdown systems market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on component, control method and industry vertical.
Breakup by Component:
- Switches
- Sensors
- Programmable Safety Systems
- Safety Valves
- Actuators
- Others
Breakup by Control Method:
- Pneumatic
- Electrical
- Fiber Optic
- Hydraulic
- Others
Breakup by Industry Vertical:
- Oil and Gas
- Refining
- Power Generation
- Metal and Mining
- Paper and Pulp
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Emerson Electric Co., General Electric Company, HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Nov Inc., Rockwell Automation Inc, Schneider Electric SE, Siemens Aktiengesellschaft, Versa Products Company Inc., Winn-Marion Companies and Yokogawa Electric Corporation.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Segment Coverage |
Component, Control Method, Industry Vertical, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
ABB Ltd, Emerson Electric Co., General Electric Company, HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Nov Inc., Rockwell Automation Inc, Schneider Electric SE, Siemens Aktiengesellschaft, Versa Products Company Inc., Winn-Marion Companies and Yokogawa Electric Corporation. |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |