The emergency shutdown system market in Asia-Pacific is expected to grow from US$ 356.4 Mn in 2018 to US$ 723.0 Mn by the year 2027 at a CAGR of 8.3% during the forecast period.
Laws and regulations such as the Bureau of Safety and Environmental Enforcement (BSEE) enforce safety and environmental laws for the off-shore oil and gas industry is likely to drive the emergency shutdown system market. The surge in the demand for minimizing hydrocarbon leakages, especially in off-shore oilfield-based projects, is one of the major factors driving the emergency shutdown systems market
Companies are continuously investing in projects relating to improvement of operations and safety at workplaces such as refineries and power generation. Further, with the help of fiber-optic links, the signals are relayed to the Safety Manager in the central control house. Thus, the consolidation of industrial control systems with emergency shutdown systems is driving the growth of the emergency shutdown systems market.
Asia-Pacific emergency shutdown system market is expected to grow at a good CAGR during the forecast period. The region is expected to witness a high growth in water management industry owing to high industrial growth, water scarcity, environment pollution, as well as emerging government regulations and investments. Such initiatives are expected to boost the Emergency Shutdown system market growth in the Asia-Pacific region.
Asia-Pacific Emergency Shutdown System Market–Segmentation
Asia-Pacific Emergency Shutdown System Market By Component
Asia-Pacific Emergency Shutdown System Market By Control Method
Asia-Pacific Emergency Shutdown System Market By End User Industry
Asia-Pacific Emergency Shutdown System Market By Country
Asia-Pacific Emergency Shutdown System Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 356.4 Million |
| Market Size by 2027 | US$ 723.0 Million |
| CAGR (2018 - 2027) | 8.3% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Emergency Shutdown Systems Market is valued at US$ 356.4 Million in 2018, it is projected to reach US$ 723.0 Million by 2027.
As per our report Asia Pacific Emergency Shutdown Systems Market, the market size is valued at US$ 356.4 Million in 2018, projecting it to reach US$ 723.0 Million by 2027. This translates to a CAGR of approximately 8.3% during the forecast period.
The Asia Pacific Emergency Shutdown Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Emergency Shutdown Systems Market report:
The Asia Pacific Emergency Shutdown Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Emergency Shutdown Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Emergency Shutdown Systems Market value chain can benefit from the information contained in a comprehensive market report.
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