DUBLIN, April 26, 2023 /PRNewswire/ — The “Emergency Shutdown Systems – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.
Global Emergency Shutdown Systems Market to Reach $3.1 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Emergency Shutdown Systems estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$3.1 Billion by 2030, growing at a CAGR of 8% over the analysis period 2022-2030. Electrical, one of the segments analyzed in the report, is projected to record a 8.1% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fiber Optics segment is readjusted to a revised 10.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $497.8 Million, While China is Forecast to Grow at 7.4% CAGR
The Emergency Shutdown Systems market in the U.S. is estimated at US$497.8 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$544.2 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.
Select Competitors (Total 46 Featured) –
- ABB Ltd.
- Emerson Electric Company
- General Electric Company
- HIMA Paul Hildebrandt GmbH
- Honeywell International, Inc.
- Omron Corporation
- Proserv
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Yokogawa Electric Corporation
What`s New for 2023?
- Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- A Prelude into Emergency Shutdown System Market Dynamics
- Emergency Shutdown Systems – Global Key Competitors Percentage Market Share in 2022 (E)
- Worldwide Market Shares of leading Market Players by Sales Volume: 2018
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Importance for Safety Systems, Particularly in the O&G Sector to Spur Growth
- Growth in Industrial Internet of Things (IIOT) Usage to Bolster Market Growth
- Worldwide IoT Spending (in billions)
- Worldwide Total Number of IoT Connected Installations (in billion): 2015-2025
- Regulatory Measures for Industrial Safety by Several Governments to Support Demand for Emergency Shutdown Systems
- Growing Significance for Industrial Safety Measures to Drive Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/tdqbor
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SOURCE Research and Markets
