DUBLIN, May 4, 2016 /PRNewswire/ --
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.
In 2015, safety sensors dominated the ESD system market based on components, followed by valves. Safety sensors are used widely in safety systems for different applications such as to sense movement and position, track tooling data, and help integrate automated systems. The market for ESD system based on components the programmable safety systems is expected to grow at a high CAGR during the forecast period. Programmable safety systems are relatively new and developing rapidly. They are flexible to design modifications, highly efficient, easy to install, highly reliable, and highly secure. These advantages of programmable safety systems have triggered the growth of this component in the ESD system market.
Europe accounted for the largest share of this market in 2015. A large-scale production creates the need for more intensive control of a process, especially with regards to its efficiency and safety; and this drives the ESD system market in the European region. The ESD system market in APAC is expected to grow at the highest CAGR between 2016 and 2022.
Key Topics Covered:
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
- 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
- Yokogawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/mffbr9/emergency
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SOURCE Research and Markets