The infographic below contains key findings from our analysis of the emergency shutdown valves market
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Overview of the global emergency shutdown valves market
OSHA, Underwriters Laboratories, Environmental Protection Agency (EPA) are some of the regulatory bodies that are strictly imposing regulations on industrial facilities in regions such as European and North American countries to protect the workplace safety and environmental safety. Technavio’s market research report identifies that the increasing emphasis on the government regulations of workplace safety will be one of the primary growth drivers for the global emergency shutdown valves market till 2021. This, in turn, will compel manufacturers to replace and upgrade their existing facilities by installing emergency shutdown valves. A chemical manufacturing plant in Attleboro, the US, experienced leakage of gallons of hydrochloric acid. Such incidents prove the necessity of emergency shutdown valves in the end-user industries. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 4% by 2021.
The increasing use of remote shutdown valves is one of the key trends that will propel the growth prospects for the global emergency shutdown valves market during the predicted period. During accidents such as fire hazard, it is impossible to shut down the valves manually. This compelled manufacturers to come up with remote shutdown valve product types that can overcome such issues.
Competitive landscape and key vendors
The emergency shutdown valves market is fragmented and comprises of many vendors. These players are offering emergency shutdown valves and services at a competitive price. Market concentration, product differentiation, profitability, and degree of innovative solutions will strengthen the competitive environment of the market.
Key vendors in this market are -
- Cameron
- Emerson
- Flowserve
- General Electric
- Metso
Other prominent vendors in the market include J Flow Controls, Rico, Winn-Marion, Pekos valves, MIR VALVE, PFF, Accord, DERVOS VALVES, AMOT, and MOGAS.
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Segmentation by end-user and analysis of the emergency shutdown valves market
- Oil and gas
- Power
- Water and wastewater
- Chemical and petrochemical industry
- Pharmaceutical industry
The oil and gas industry is the major end-user industry for emergency shutdown valves. The oil and gas industry accounted for the majority market share during 2016 due to the increasing number of vehicles in APAC. This, in turn, will boost the demand for fuel. The rising investments in this industrial segment will boost the adoption of emergency shutdown valves for safety measures.
Segmentation by geography and analysis of the emergency shutdown valves market
- Americas
- APAC
- EMEA
The major end-user industries in EMEA are oil and gas, chemical, and food and beverage industries. The Middle East is the major revenue generator in EMEA. Countries such as Iran and Saudi Arabia are making efforts to maintain their global volume market share by focusing on the production of oil. This, in turn, will fuel the demand for emergency shutdown valves in the region during the forecasted period.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global emergency shutdown valves market?
- What are the key market trends impacting the growth of the global emergency shutdown valves market?
- What are the challenges to market growth?
- Who are the key vendors in the global emergency shutdown valves market?
- What are the market opportunities and threats faced by the vendors in the global emergency shutdown valves market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global emergency shutdown valves market?
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