Emergency Shutdown Valves Market – Growth Opportunity and Trends by Technavio

August 25, 2017

LONDON–(BUSINESS WIRE)–#Automation–Technavio’s latest market research report on the global
emergency shutdown valves market provides an analysis of the
most important trends expected to impact the market outlook from
2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.


Emergency shutdown valves witness high demand from end-user industries
due to increasing government regulations on workplace safety and the
need for upgrading end-user facilities to meet these regulations. The
oil and gas and chemical and petrochemical industries are the major
end-user industries of emergency shutdown valves, and the replacement
rates of emergency shutdown valves in this industrial segment are high.

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The top three emerging market trends driving the global emergency
shutdown valves market according to Technavio research analysts
are:

  • Increasing use of remote shutdown valves
  • Increasing use of actuators in emergency shutdown valves
  • Growing awareness to boost implementation of emergency shutdown systems

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Increasing use of remote shutdown valves

Many end-user industries still rely on manual shutdown valves. Owing to
product developments, many vendors are offering remote shutdown valves
that can be controlled remotely. During emergency situations, these can
be easily operated for safeguarding the workplace environment.

Emergency shutdown valves are mainly used in oil and gas, and chemical
and petrochemical industries where they are placed near outlets of tanks
and pipelines.

According to Bharath Kanniappan, a lead analyst at Technavio for automation
research, “The use of remote shutdown valves is expected to
increase, as they are very useful during accidents, such as a fire
hazard, where it is impossible to shut down the valves manually. Owing
to these applications and government regulations on workplace safety,
the demand for remote shutdown valves is expected to increase during the
forecast period.”

Increasing use of actuators in emergency shutdown valves

Actuators are used along with emergency shutdown valves to control the
operation of these valves and increase efficiency. Product developments
within the emergency shutdown valves market have helped in improving the
quality as well as the functioning of these devices. The use of electric
actuators is expected to increase during the forecast period.

These actuators enable digital controls for controlling the valves.
Wireless and Bluetooth capabilities enabled product types help in
controlling the valves remotely. Actuators are available with a
self-contained power source that helps in controlling the operation of
these emergency shutdown valves, even during unexpected power failures
within a plant. Vendors also offer smart actuators that help in
diagnosing and maintaining operations. All these features are expected
to create demand for actuators, as this helps in improving the
efficiency of emergency
shutdown valves.

Growing awareness to boost implementation of emergency shutdown
systems

Many end-user industries are trying to install emergency shutdown
systems that include emergency shutdown valves, DCS, controllers, and
other components. These systems help in keeping the workplace safe, as
these systems are responsible for taking measures to prevent any
accident or catastrophic event.

“Despite technical difficulties in installing emergency shutdown
systems, most end-user industries have started implementing emergency
shutdown systems, as these end-user industries have understood the
importance of implementing these systems with respect to safety,” says
Bharath.

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