Press release
Hazardous Area Sensors Market Intrinsic Safety & Rapid Economic & Industrial Growth
These factors determine various existing trends and their impact on market growth. Overall, taking into consideration the various factors affecting the hazardous area sensors market, the report includes a holistic analysis of the global hazardous area sensors market, and provides an estimate of growth for the forecast period 2023.
This report provides strategic analysis of the global hazardous area sensors market, and the growth forecast for the period 2023.
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The scope of the report includes competitive analysis of various market segments based on the types, application industry, and in-depth cross-sectional scrutiny of the hazardous area sensors market across different geographical segments.
Hazardous Area Sensors refer to sensors which have been developed for usage in potentially explosive environments. The growing importance for ‘Intrinsic Safety’ across various industry verticals is primarily driving growth of the hazardous area sensors market.
Additionally, increasing stringency of government legislations and policies across the globe, governing hazardous area certified products, have been compelling users of hazardous area equipment to adhere to strict classification standards and certifications.
This in turn is also steadily boosting growth of the global hazardous area sensors market. Furthermore, the renewed interest in shale gas and ‘coal gas’ has led to growing explorations for gas beds which in turn has aided in increased application of hazardous area sensors.
Considering the positive impacts of the factors mentioned previously, the hazardous area sensors market can be anticipated to grow steadily during the forecast period.
On the basis of types, the hazardous area sensors market has been segmented into gas sensing, pressure sensing, current sensing, voltage sensing and temperature sensors.
The market revenue for hazardous area sensors has been provided in terms of USD million, along with the CAGR for the forecast period from 2023.
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Application industry covered under this report includes power, oil & gas, mining & metal, grain storage, healthcare, chemical, pharmaceutical, waste & sewage management, fertilizer among others.
Each of these segments provide market size and forecast for the period 2015 - 2023, highlighting the key trends influencing and challenging factors for each segment.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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