Explosion Proof Equipment Market Outlook to 2027 Profiling Prominent Players Hubbell, R.STAHL, Extronics, CORTEM, BARTEC, EATON, Emerson Electric, ABB, Rockwell Automation, Siemens
Protection Method Explosion Proof Equipment Market Insights:-
The global explosion proof equipment market by protection method is segmented into explosion prevention, explosion containment, and explosion segregation. Explosion prevetion segment dominates the explosion proof equipment market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. In the explosion prevention method, the intrinsically safety and equipment prevents an explosion by restricting the release of sufficient electrical energy to ignite explosive gases.
Get Sample PDF Brochure at https://www.theinsightpartners.com/sample/TIPTE100000620/?Opr-pK
Geographically, the explosion proof equipment market is segmented into North America, APAC, Europe, MEA, and SAM regions. Europe leads the oilfield communication market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. Increase in the number of ferrous and non-ferrous metal production and processing, petroleum, coal, chemicals, cement, pharmaceuticals, aerospace, passenger and commercial vehicles, rail transportation equipment, industrial equipment, construction equipment, shipbuilding, electronics and telecommunications equipment, electrical power equipment, F&B, paper and textile industries in the region is fueling the explosion proof equipment market in Europe. North America is the second largest market in the explosion proof equipment market. Apart from Europe and North America, APAC remains the third largest geographic segment, as with the support of the government in funding in Asian countries, the explosion proof equipment market in APAC is progressing. Moreover, on a continuous basis, the oil & gas industry of Asia is growing driven by rising demand and investment activities which makes the region to observe a high number of oil & gas projects.
Global Explosion Proof Equipment Market Key Company Profiles:
• ABB Ltd.
• BARTEC GmbH
• CORTEM S.P.A
• EATON Corporation
• Extronics Ltd.
• Emerson Electric Co.
• Hubbell Inc.
• Rockwell Automation, Inc.
• R.STAHL AG
• Siemens AG
Explosion Proof Equipment Market Insights:-
Robust development in the evolution of Oil & gas industry:
The explosion proof equipment play a crucial role in oil & gas industry. The US has huge network of oil rigs in the North American continent as well as globally. This fact has helped propel the market over the years. The processing facilities of oil & gas are unsafe owing to the presence of hazardous compounds during the operations. The explosion proof equipment systems are deployed for preventing the ignition of spark from the electrical equipment. Also, the existence of dangerous compounds in the facilities of oil and gas denote several safety challenges for the workers. For instance, the hydrocarbon processing including ethane, fossil fuels, methane and propane, is a critical process that needs to be carried out under stable atmospheres. However, the processing plants of oil and gas are far from stable pertained to the exposure to hazardous and flammable compounds
Enormous escalation in construction industry:
The construction sector is witnessing a decent growth rate in the recent time. The trend is foreseen to continue over the years, thereby, creating a huge space for industrial and commercial constructions. Governments of various countries are undertaking initiatives with a motive to support the construction industry. The growth in the construction of commercial buildings is anticipated to provide prosperous opportunities to the market to grow in the region thus, positively impacting the explosion proof equipment market.
Ask Any Queries at https://www.theinsightpartners.com/inquiry/TIPTE100000620/?Opr-pK
System Explosion Proof Equipment Market Insights:-
The explosion proof equipment market by the system is further segmented into junction boxes & enclosures, lighting system, monitoring system, signalling devices, automation system, cable glands, hvac systems, and others. Cable galnds dominates the explosion proof equipment market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. The cable glands perform various significant roles in the cable management. Depending upon application or location, the cable glands needs specific quality to suit the environment of the explosion proof equipment market.
Explosion Proof Equipment Industry Insights:-
The explosion proof equipment market by communication network technology is segmented into pharmaceutical, mining, oil & gas, manufacturing, food processing, energy & power, chemical & petrochemical, and others. The explosion proof equipment market by oil & gas segment led the market in 2018 with the maximum market share and is expected to continue its dominance during the forecast period. The explosion proof equipment is widely used in refineries, drilling rigs, maintenance of wire rope hoists for a natural gas liquefaction plants (LNG plants) to prevent occureence of explosions.
Explosion Proof Equipment Market Strategic Insights:-
Market Initiatives was observed as the most adopted strategy in the global explosion proof equipment market. Few of the recent market initiatives are listed below:
2019: ABB Ltd. announced an investment of US$ 150 Mn in Shanghai, China. The investment is aimed to build most advanced, automated and flexible robotics factory. This production line will focus on machine learning, digital and collaborative solutions, and the R & D team will focus on AI research.
2018: Simotics XP Chemstar is a customized solution designed for chemical & petrochemical industries and oil & gas. These are the explosion proof low-voltage motors which are provided with a preconfigured industry-specific option packages customized with requirements of the process industry.
2017: Hubbell has completed an acquisition of Aclara Technologies LLC, which is an affiliate of the Sun Capital Partners, Inc. The acquisition combined Aclara and Hubbell Power Systems’s strength and has offered an opportunity to integrate smart infrastructure solutions and strong customer relationships of Aclara into the portfolio of Hubbell.
2016: MR3000 DMS is one of tailor-made solution, developed for dam monitoring. The integrated OVP (Over Voltage Protection), AC/DC converter, internal battery, and terminals projects MR3000 DMS as a perfect stand-alone unit. Moreover, through Fiber Optic lines, it enable motion recorders to monitor and locate every strong motions on the multiple locations of the dams.
Buy Complete Report at https://www.theinsightpartners.com/buy/TIPTE100000620/?Opr-pK
GLOBAL EXPLOSION PROOF EQUIPMENT MARKET SEGMENTATION
Global Explosion Proof Equipment Market – By Type
• Explosion Prevention
• Explosion Containment
• Explosion Segregation
Global Explosion proof equipment Market - By System
• Junction Boxes & Enclosures
• Lighting System
• Monitoring System
• Signalling Devices
• Automation System
• Cable Glands
• HVAC Systems
Global Explosion proof equipment Market - By Industry
• Oil & Gas
• Food Processing
• Energy & Power
• Chemical & Petrochemical
Global Explosion proof equipment Market - By Geography
• North America
o Rest of Europe
• Asia Pacific (APAC)
o South Korea
o Rest of APAC
• Middle East & Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
• South America (SAM)
o Rest of SAM
Key Benefits to Purchase this Research:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global explosion proof equipment market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global in explosion proof equipment market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Explosion Proof Equipment Market Outlook to 2027 Profiling Prominent Players Hubbell, R.STAHL, Extronics, CORTEM, BARTEC, EATON, Emerson Electric, ABB, Rockwell Automation, Siemens here
News-ID: 1732885 • Views: 464
More Releases from The Insight Partners
Submarine Power Cable Market by 2027 Key Opportunities and Future Demand
What is Submarine Power Cable? The submarine power cables are used for transmission of electricity generated using offshore wind power generating facilities. The ongoing expansion of offshore oil and gas platforms and the rise in deployment of offshore wind farms are contributing towards the growth of the submarine power cable market during the forecast period. Rapid investments from government & private players and stringent regulatory initiatives to integrate an energy-efficient operational
Power-to-gas Market To Boom In Near Future By 2027 Scrutinized In New Research
What is Power-to-gas? The power-to-gas, abbreviated as P2G refers to the concept of storing electricity long term in generation systems to produce fuels for transportation, household, and industry. The growing need to reduce the consumption of natural gas and the production of green hydrogen is contributing to the growth of the power-to-gas market. The European region is likely to witness robust growth during the forecast period owing to the growing demand
Hydrogen Energy Storage Market Volume Forecast and Value Chain Analysis during 2 …
What is Hydrogen Energy Storage? Hydrogen energy storage is the process in which the surplus of energy created by renewables during low energy demand periods is used to power electrolysis. The process helps in increasing the efficiency of sustainable energy supply systems in the electric grid, transportation fuels, and gas pipeline systems. North America is likely to witness high demand for hydrogen energy storage on account of the increasing use of
Metal Biliary Stent Market Strategies and Insight Driven Transformation 2020-202 …
Metal stents in malignant biliary rigidities provide a longer patenting time than exposed metal stents but have a higher migration rate. The risks of using covered metal stent for pancreatitis and cholecystitis appear slightly higher than when using exposed metal stents in malignant biliary strictures. The Metal Biliary Stent market is expected to grow significantly in the coming years, owing to the key factors such as increase in prevalence of diseases
More Releases for Explosion
Explosion-Proof Glass Market, Share, Development forecast to 2024
New report published by Global Info Research which offers insights on the Global Explosion-Proof Glass market. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-explosion-proof-glass-market_p103311.html Global Explosion-Proof Glass Market: Forecast by Type / Application / Region The worldwide market for Explosion-Proof Glass is expected to grow at a CAGR of roughly x% over the next five years, will reach x million US$ in 2024, from x million US$ in 2019, according to
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Explosion-promagnetic starter Market Growth Analysis Report 2018-2023
Global Explosion-promagnetic starter market 2018 by Future Market Reports presents a professional and complete analysis of on the current Industry situation. The Global report includes Explosion-promagnetic starter Revenue, market Share, industry volume, Trends, Growth aspects. It analyses the important factors of the based on present industry situations, demands, business strategies utilized by Explosion-promagnetic starter market players and the future prospects from various angles in detail. Industry analysis is a assessment
Explosion-proFan Blower market 2018-2025, Siemens, Mitsubishi, Toshiba
Global Explosion-proFan Blower market 2018 by ReportsQuest presents a professional and complete analysis of on the current Industry situation. The Global report includes Explosion-proFan Blower Revenue, market Share, industry volume, Trends, Growth aspects. It analyses the important factors of the based on present industry situations, demands, business strategies utilized by Explosion-proFan Blower market players and the future prospects from various angles in detail. Industry analysis is a assessment tool used
Explosion Proof Equipment Market 2017- Eaton, Emerson
Marketreports.biz, recently published a detailed market research study focused on the "Explosion Proof Equipment Market" across the global, regional and country level. The report provides 360° analysis of "Explosion Proof Equipment Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Explosion Proof Equipment industry, and estimates the future trend of Explosion
Particle monitor for areas prone to explosion
In addition to the LasPaC II-I („Inline“) Laser Particle Counter that was launched earlier in 2013, Stauff is now presenting the LPM-II Particle Monitor, another ATEX2 approved measuring device for permanent installation in areas prone to explosion (zone 2 / category 3G) according to EU directive 94/9/EG. This classification was realised through a modified design of the housing and connectors. Hence, the unit meets all the requirements for use