(MoneyNewsWire.Net, February 16, 2018 ) Global Explosion Proof Market Overview Explosion Equipment Market is projected to reach $10 billion by 2024, having a CAGR of 9.2 % during the forecast period of 2017 to 2024. Oil and gas industry segment has generated highest revenue in 2016 and expected to grow with highest CAGR for forecasted period.
Browse details of 116 pages research report developed on Global Explosion Proof Equipment Market @ https://www.researchcosmos.com/reports/global-global-explosion-proof-equipment-market-trends-estimation-and-forecast-2024/4362021
Explosion can be defined as extreme uncontrolled impulse in stream on energy. The energy can be mechanical, electrical or nuclear in nature. Various factors are responsible for explosion such as increased pressure, nuclear reactions, leakage of gases and dust. Some products are specifically designed to withstand the explosions and these are known as explosion proof equipments. Explosion proof equipment can be termed as those equipment/devices which have protection means for the isolation of casing, making the casing enough robust that none of the external environmental factors can affect that.
Market Dynamics Increased the adoption of explosion proof equipment in oil & gas industries, exploration of new mining sites and a steep rise in the demand of explosion proof equipment in automation sector are major drivers of the global explosion proof market. Adoption of explosion equipments by manufacturing firms due to extreme manufacturing conditions and stringent safety regulations for hazardous areas are also key drivers of the global explosion proof equipment market. However, lack of standardization, floundering of mineral and mining industries globally are key restrains of the global explosion proof equipment market. The increased demand for integrated explosion proof systems and huge investment in explosion proof equipment market are prime opportunities for the explosion proof equipment market.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/4362021
Market Segmentation The global explosion proof equipment market is segmented based on Industry Vertical, equipment type, applicable system type and region. Industry vertical is further classified as pharmaceuticals, manufacturing, marine, food processing, oil & gas, mining and others. By equipment type, the market is segmented into explosion prevention, explosion segregation and explosion proof equipment. Based on applicable system type, the market is segmented as cable glands, junction boxes and enclosures, lighting systems, material handling systems, automation systems, surveillance and monitoring, signaling systems and others. Regionally the market is segmented as North America, Europe, Asia-Pacific and Rest of World. North American region generated the highest revenue in terms of explosion proof equipment market in 2016, owing to emerging manufacturing industries in the region.
Key market leaders of global explosion proof equipment market are Adalet, Intertek Group Plc, Extronics Ltd, Bartec Group, R. Stahl AG, Pepperl+Fuchs Gmbh, Siemens AG, Rockwell Automation, Inc., Cooper Industries (Eaton), ABB Group, BCom Solutions, Inc., and Honeywell International Inc.
Inquire before buying this report @ https://www.researchcosmos.com/inquire/4362021
EXPLOSION PROOF EQUIPMENT MARKET SEGMENTATION By Industry Vertical Pharmaceutical Manufacturing Marine Mining Food Processing Oil and Gas Others By Applicable System Type Cable Glands Junction Boxes & Enclosures Lifting & Material Handling System Lighting System Automation System Surveillance and Monitoring System Signaling Devices Others By Equipment Type: Explosion proof Explosion Prevention Explosion Segregation By Geography North America Europe Asia-Pacific Rest of World Key Market Players Adalet Intertek Group Plc Extronics Ltd Bartec Group R. Stahl AG Pepperl+Fuchs Gmbh Siemens AG Rockwell Automation, Inc. Cooper Industries (Eaton) ABB Group BCom Solutions, Inc. Honeywell International Inc.
Ask for Customization @ https://www.researchcosmos.com/customization/4362021
About Research Cosmos: Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. Were associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us: Kevin Stewart Sales Manager Research Cosmos www.researchcosmos.com kevin@researchcosmos.com # +1 888 709 8757
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com
|