Dublin, May 27, 2020 (GLOBE NEWSWIRE) -- The "North America Emergency Shutdown Systems Market to 2027 - Regional Analysis and Forecasts by Component; Control Method; End User Industry; and Country" report has been added to ResearchAndMarkets.com's offering.
The emergency shutdown systems market in North America is expected to grow from US$ 306.40 Mn in 2018 to US$ 462.57 Mn by the year 2027 at a CAGR of 4.8% during the forecast period. According to the American Chemistry Council's (ACC) Mid-Year 2019 Chemical Industry Situation and Outlook, the US chemicals industry output is projected to continue its growth in 2019. The growth is attributed to growing vital domestic end-use markets as well as a sustained competitive advantage due to growing supplies of natural gas and natural gas liquids from shale activity prompting new capital investment. The growth in the chemical industry is further expected to provide opportunities to the emergency shutdown system market.
A significant investment in the energy & power sector of the region has also been noticed which is likely to drive the emergency shutdown system market. The US is the largest producer of nuclear power worldwide, accounting for over 30% of global nuclear generation of electricity. As of 2018, the country has ~98 operating nuclear power reactors in across 30 states. Moreover, Mexico is witnessing investment growth in its oil & gas sector. For instance, in May 2019, Mexico's state oil company, Petrleos Mexicanos announced its plans to build a US$ 7.7 Bn oil refinery.
On the basis of component, the North America emergency shutdown systems market, by component, was led by the safety valves segment in 2018 with a decent share and is expected to continue its dominance during the forecast period, thereby accounting for decent share of the total market by 2027. Safety valves are a part of a safety shutdown valve (SSV) are used for executing emergency shutdown system market. The safety valve upholds a zero-leakage circuit to assure that valve movement does not happen accidentally till the fail-safe signal is received.
The overall North America emergency shutdown systems market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America emergency shutdown systems market. It also provides an overview and forecast for the emergency shutdown systems based on all the segmentation provided with respect to the North America region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the emergency shutdown system industry. Some of the players present in North America emergency shutdown systems market are Siemens AG, ABB Ltd, Honeywell International Inc, among others.
Reasons to Buy:
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- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Emergency Shutdown Systems Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insight
5. Emergency Shutdown Systems Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Rising Oil & Gas prices and Growing upstream activities will Increase the Growth for Emergency Shutdown Systems
5.1.2 Consolidation of Industrial Control Systems for Minimize the Catastrophic Accidents
5.2 Restraints
5.2.1 High Initial Investment for SMEs
5.3 Opportunities
5.3.1 Integration of IoT-enabled Services Within ESD for Increasing Overall Productivity
5.4 Trends
5.4.1 Supervisory Control and Data Acquisition (SCADA)
5.5 Impact Analysis of Drivers and Restraints
6. Emergency Shutdown System Market - Global Market Analysis
6.1 North America Emergency shutdown system Market Forecast and Analysis
7. North America Emergency Shutdown Systems Market- By Component
7.1 Overview
7.2 North America Emergency Shutdown Systems Market Breakdown, by Component, 2018 & 2027
7.3 Switches
7.3.1 Overview
7.3.2 North America Emergency Shutdown Systems Market for Switches, Revenue and Forecast to 2027 (US$ Mn)
7.4 Sensors
7.4.1 Overview
7.4.2 North America Emergency Shutdown Systems Market for Sensors, Revenue and Forecast to 2027 (US$ Mn)
7.5 Programmable Safety Systems
7.5.1 Overview
7.5.2 North America Emergency Shutdown Systems Market for Programmable Safety Systems, Revenue and Forecast to 2027 (US$ Mn)
7.6 Safety Valves
7.6.1 Overview
7.6.2 North America Emergency Shutdown Systems Market for Safety Valves, Revenue and Forecast to 2027 (US$ Mn)
7.7 Actuators
7.7.1 Overview
7.7.2 North America Emergency Shutdown Systems Market for Actuators, Revenue and Forecast to 2027 (US$ Mn)
7.8 Other Components
7.8.1 Overview
7.8.2 Emergency Shutdown Systems Market for Other Components, Revenue and Forecast to 2027 (US$ Mn)
8. Emergency Shutdown System Market - By Control Method
8.1 Overview
8.2 North America Emergency Shutdown System Market Breakdown, by Control Method, 2018 and 2027
8.3 Pneumatic
8.3.1 Overview
8.3.2 North America Emergency Shutdown Systems Market for Pneumatic Control, Revenue and Forecast to 2027 (US$ Mn)
8.4 Electrical
8.4.1 Overview
8.4.2 North America Emergency Shutdown Systems Market for Electrical Control, Revenue and Forecast to 2027 (US$ Mn)
8.5 Fibre-optic
8.5.1 Overview
8.5.2 North America Emergency Shutdown Systems Market for Fiber-optic Control, Revenue and Forecast to 2027 (US$ Mn)
8.6 Hydraulic
8.6.1 Overview
8.6.2 North America Emergency Shutdown Systems Market for Hydraulic Control, Revenue and Forecast to 2027 (US$ Mn)
9. North America Emergency Shutdown System Market - By End-User Industry
9.1 Overview
9.2 North America Emergency Shutdown System Market Breakdown, by End-User Industry, 2018 and 2027
9.3 Oil & Gas
9.3.1 Overview
9.3.2 North America Emergency Shutdown System Market for Oil & Gas, Revenue and Forecast to 2027 (US$ Mn)
9.4 Refining
9.4.1 Overview
9.4.2 North America Emergency Shutdown System Market for Refining, Revenue and Forecast to 2027 (US$ Mn)
9.5 Power Generation
9.5.1 Overview
9.5.2 North America Emergency Shutdown System Market for Power Generation, Revenue and Forecast to 2027 (US$ Mn)
9.6 Chemicals
9.6.1 Overview
9.6.2 North America Emergency Shutdown System Market for Chemicals, Revenue and Forecast to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 North America Emergency Shutdown System Market for Other Industries, Revenue and Forecast to 2027 (US$ Mn)
10. North America Emergency Shutdown Systems Market -Country Analysis
10.1 North America Emergency Shutdown System Market, Revenue and Forecast to 2027
10.1.1 Overview
10.1.2 North America Emergency Shutdown System Market Breakdown, by Country
10.1.2.1 US Emergency Shutdown System Market, Revenue and Forecast to 2027 (US$ Mn)
10.1.2.1.1 US Emergency Shutdown System Market Breakdown, by Component
10.1.2.1.2 US Emergency Shutdown System Market Breakdown, by Control Method
10.1.2.1.3 US Emergency Shutdown System Market Breakdown, by End-user industry
10.1.2.2 Canada Emergency Shutdown System Market, Revenue and Forecast to 2027 (US$ Mn)
10.1.2.3 Canada Emergency Shutdown System Market Breakdown, by Component
10.1.2.4 Canada Emergency Shutdown System Market Breakdown, by Control Method
10.1.2.5 Canada Emergency Shutdown System Market Breakdown, by End-user industry
10.1.2.6 Mexico Emergency Shutdown System Market, Revenue and Forecast to 2027 (US$ Mn)
10.1.2.6.1 Mexico Emergency Shutdown System Market Breakdown, by Component
10.1.2.6.2 Mexico Emergency Shutdown System Market Breakdown, by Control Method
10.1.2.6.3 Mexico Emergency Shutdown System Market Breakdown, by End-user Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
13. Appendix
Companies Mentioned
- Siemens AG
- ABB Ltd.
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- National Oilwell Varco, Inc.
- Cameron International Corporation
- OMRON Corporation
- Schneider Electric SE
- Yokogawa Electric Corporation
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