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© 2017 Global Market Insights, Inc. USA. All Rights Reserved Wooden Decking Market – Global Industry Forecast & Analysis over 2019 - 2025 www.gminsights.com
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A major trend in the emergency shutdown system market is the development of standardized hardware & software integrated systems. The software-based technologies perform extensive safety functions essential for personnel and machinery safety. They also provide high flexibility for maintenance and modifications of systems. The increasing demand for safety and shutdown systems in the oil & gas industry is a major factor, fueling the market growth. The demand for programmable safety systems is increasing due to their low cost, high reliability, and easy installation & maintenance. These devices offer efficient solutions for integrating multiple safety sensors into systems and machines, increasing equipment safety significantly. The implementation of several directives, such as EN 954 and IEC 61508 on industrial security and industrial processes and machine security, will drive the utilization of programmable safety systems. The issue can be overcome by efficient broadband infrastructure in industries. These systems comprise several input and output devices that acquire a large space in production plants, hampering the emergency shutdown system market growth. © 2017 Global Market Insights, Inc. USA. All Rights Reserved Wooden Decking Market Scenario: www.gminsights.com
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The oil & gas industry held the largest market share and is expected to gain high revenues over the forecast period. Controlled emergency procedures aid in crude line safety, leak identification, and leak location detection. Emergency shutdown systems are incorporated in oil & gas refineries to shut down part systems or equipment at hazardous situations. The growing exploration of new oil & gas fields and increased investments in refineries and pipelines in several countries including the U.S., the UAE, and Saudi will drive the market growth. The rising demand for energy due to rapid urbanization in Asian countries including India and China is leading to the rapid development of the utility sector in the region. The growing utility sector in Asia will propel the demand for emergency shutdown systems to ensure maximum safety at the plants. Continue :- © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Request for table of content of this Report @ https://www.gminsights.com/request-toc/upcoming/4270 https://www.gminsights.com/request-toc/upcoming/4270
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© 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/4270 Competitive Analysis: The leading companies operating in the emergency shutdown system market include Schneider Electric, Yokogawa Electric, Kongsberg Maritime, Honeywell International Inc., ABB Ltd, Siemens AG, Rockwell Automation, Sella Controls, Esoteric Automation & Control Technologies, Industrial Automation Systems, and Emerson Electric Co. Regional Analysis: The North America emergency shutdown system market is expected to grow at a high rate over the forecast timeline due to the implementation of high safety standards and government regulations regarding operator safety. The U.S. Chemical Safety Board has implemented stringent regulations for the installation of emergency shutdown systems in all chemical, oil & gas, and power generation industries for human and environment safety.
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Latest Research Report on Wooden Decking Market @ https://www.gminsights.com/industry-analysis/emergency-shutdown-system-market https://www.gminsights.com/industry-analysis/emergency-shutdown-system-market Request for table of content of this research report@ https://www.gminsights.com/request-toc/upcoming/4270 https://www.gminsights.com/request-toc/upcoming/4270 Request for customization: https://www.gminsights.com/roc/4270 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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