Emergency Shutdown Systems Market Size 2022-2027

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Global Emergency Shutdown Systems Market Research Report:

According to the latest report by IMARC Group, titled “ Emergency Shutdown Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

” the global emergency shutdown systems market reached a strong growth in 2021.

Emergency shutdown systems are customized control systems that reduce the consequences of emergencies, such as uncontrolled flooding, and ensure safe operations. They are designed with several control methods, including pneumatic, hydraulic, fiber optic, etc., and consist of valves, actuators, field-mounted sensors, safety sensors, emergency stop devices, safety modules, and relays.

Emergency shutdown systems are extensively utilized to minimize the chances of a fire outbreak in hydrocarbon carrying areas and prevent possible explosions. They assist in isolating electrical equipment, closing watertight and fire doors, and shutting and depressurizing system parts. Consequently, emergency shutdown systems find extensive applications across various sectors, such as pharmaceutical, power generation, refining, metal and mining, oil and gas, etc.

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Global Emergency Shutdown Systems Market Trends :

The growing oil and gas industry and the inflating product demand from offshore refineries are primarily driving the global emergency shutdown systems market. In addition to this, the development of Internet of Things (IoT)-integrated systems that provide real-time situation monitoring is further augmenting the market growth. Moreover, the elevating product need in the pharmaceutical sector, on account of the usage of toxic ingredients and heating and cooling agents, is acting as another significant growth-inducing factor. Besides this, the increasing construction of nuclear power plants across countries to meet the rising requirement for energy is anticipated to stimulate the emergency shutdown systems market in the coming years.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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