Market Share of Emergency Shutdown Systems Industry
Growing demand for emergency shutdown systems is driving the huge investments in the industry, to develop new technological products. Owing to this, the companies have started adopting, developing new and differentiated products as their core strategy. Large manufacturers, such as Honeywell, Emerson, Rockwell Automation, ABB, Schneider Electric are aggressively pushing to acquire small tech companies and gain sustainable competitive advantage. Some of the key players in Global Emergency Shutdown Systems Market are ABB, Emerson, Honeywell. Some key developments in the Global Emergency Shutdown Systems Market are,
- Apr 2020 - Emerson acquired leading hydroelectric turbine controls company, American Governor Company. The addition of American Governor Company builds on Emerson's technology capabilities and expertise in the renewable and power industry.
- Nov 2019 - Yokogawa Electric Corporation announced the release of ProSafe-RS R4.05.00, which is an enhanced version of the ProSafe-RS safety instrumented system. The ProSafe-RS is a core product of the OpreX Control and Safety System family offered by the company.
Emergency Shutdown Systems Market Leaders
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General Electric Co
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Siemens AG
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Honeywell International Inc
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ABB Ltd
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Schneider Electric SE
*Disclaimer: Major Players sorted in no particular order
