The emergency shutdown systems market in Europe is expected to grow from US$ 457.43 Mn in 2018 to US$ 762.02 Mn by the year 2027 at a CAGR of 6.0% during the forecast period.
Emergency shutdown systems are mostly deployed in manufacturing, power generation, oil & gas, and several other industries. However, the growth in these sector is likely to drive the Europe emergency shutdown systems market. Major companies such as ABB Ltd, Emerson Electric Co., General Electric Co., Hima Paul Hildebrandt, Honeywell International Inc., National Oilwell Varco, Omron Corporation, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation are also likely to drive the emergency shutdown systems market.
To minimize the impact of emergencies that are typically associated with unregulated flooding, hydrocarbon escape, or fire outbreaks in areas containing hydrocarbons or sectors that may otherwise be risky, Emergency shutdown system (ESD) are designed. Such factors are likely to drive the Europe emergency systems market. Stringent rules and regulation related to safety and environment concern is likely to drive the Europe emergency shutdown systems market.
Europe emergency shutdown system market is expected to grow at a good CAGR during the forecast period. Upcoming oil and gas refining projects are likely to provide the opportunities for emergency shutdown systems market. High design and development cost for SMEs might hamper the emergency shutdown systems market.
Europe Emergency Shutdown Systems Market - Segmentation
Europe Emergency Shutdown Systems Market - By Component
Europe Emergency Shutdown Systems Market - By Control Method
Europe Emergency Shutdown Systems Market - By End User Industry
Europe Emergency Shutdown System Market - By Country
Europe Emergency Shutdown System Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 457.43 Million |
| Market Size by 2027 | US$ 762.02 Million |
| CAGR (2018 - 2027) | 6.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Emergency Shutdown Systems Market is valued at US$ 457.43 Million in 2018, it is projected to reach US$ 762.02 Million by 2027.
As per our report Europe Emergency Shutdown Systems Market, the market size is valued at US$ 457.43 Million in 2018, projecting it to reach US$ 762.02 Million by 2027. This translates to a CAGR of approximately 6.0% during the forecast period.
The Europe 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 Europe Emergency Shutdown Systems Market report:
The Europe Emergency Shutdown Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Emergency Shutdown Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Emergency Shutdown Systems Market value chain can benefit from the information contained in a comprehensive market report.
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