Global Intrinsically Safe Equipment Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
The "Global
Intrinsically Safe Equipment Market - Segmented by Zone Type (Zone 0,
Zone 1, Zone 2), Class Type (Class1, Class 2, Class 3) & Region -
Growth, Trends & Forecast (2018 - 2023)" report has been
added to ResearchAndMarkets.com's offering.
The global intrinsically safe equipment market was valued at USD 4.47
billion in 2017, and is expected to reach USD 7.18 billion by 2023,
registering a CAGR of 8.21 %, over the forecast period 2018-2023.
Industrial plants and mining refineries have invested time and resources
in safety equipment to protect their workforce and manufacturing units
from any unwanted catastrophic incidences. Organizations like IECEx,
NEC/CEC, and OSHA have played a major role in prescribing safety
standards and operational regulations.
Safety issues have been a key concern in all organizations across the
globe. Industrial plants, oil and gas refineries, oilfield equipment and
services, and other types of facilities all around the world put forth
massive effort and investment to prevent safety issues at all costs,
especially in hazardous areas and classified locations.
The demand from the oil and gas industry, chemical industry, and the
stringent regulations of operations in the industry are the major
reasons for making the United States the largest contributor to North
America's market share. Manufacturing, pharmaceuticals, food & beverage,
and other industries are all dependent on industrial gases for their
seamless operations, keeping the demand afloat. The challenge faced by
this market is that the demand is not regular and depends more on the
end-user needs.
Companies Mentioned
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Pepperl+Fuchs
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R. Stahl
-
Fluke
-
Omega
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Rae Systems
-
Eaton
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Cordex Instruments
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Global Intrinsically Safe Equipment Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Outlook of Intrinsically Safe Equipment Market
For more information about this report visit https://www.researchandmarkets.com/research/ll39bd/global?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180518005228/en/
Copyright Business Wire 2018
Source: Business Wire
(May 18, 2018 - 6:52 AM EDT)
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