Global Industrial Emergency Shutdown Systems Market 2016-2020

Outlook of the global industrial emergency shutdown (ESD) systems market

An emergency shutdown system (ESD) is a safety-instrumented system that protects a manufacturing plant from explosions or leakages. Such systems consist of components like sensors, logic solvers, and final control elements, and are widely utilized in sectors like oil and gas, chemical and petrochemical, and other process-oriented industries. Factors such as the rising exploration activities in the oil and gas industry and the growing pressure from regulatory bodies, such as OSHA, to maintain high standards of safety in plants will aggrandize this market’s growth potential until 2020. Technavio’s market research analyst estimates this market to exhibit an impressive market growth rate of nearly 12% during the predicted period.

In this market research, analysts have estimated factors like the integration of control and safety systems to impel market growth during the forecast period. Recently, it has been observed that the expansion of the oil and gas industry over the last three years has increased the complexity and boosted the need for safety systems. Since these industries have to maintain the quality of products by removing contamination and sulfur, they are increasingly integrating plant safety systems with process control to improve the operators’ visibility into the plant and their reaction time.

End-user segmentation of the industrial ESD systems market

• Oil and gas
• Chemical and petrochemical
• Pharmaceutical
• Water and wastewater
• Pulp and paper