Europe Emergency Shutdown Systems Market to Witness Vigorous Growth during the Forecast Period
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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.
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Europe Emergency Shutdown System Market-Companies Mentioned
- Siemens AG
- ABB Ltd.
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- National Oilwell Varco, Inc.
- Cameron International Corporation
- OMRON Corporation
- Schneider Electric SE
- Yokogawa Electric Corporation
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 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.
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Europe Emergency Shutdown Systems Market - Segmentation
Europe Emergency Shutdown Systems Market - By Component
- Switches
- Sensors
- Programmable Safety System
- Safety Valves
- Actuators
- Others
Europe Emergency Shutdown Systems Market - By Control Method
- Pneumatic
- Electrical
- Fiber Optic
- Hydraulic
Europe Emergency Shutdown Systems Market - By End User Industry
- Oil & Gas
- Refining
- Power Generation
- Chemical
- Others
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