Press release
Global Electrical Explosion Proof Equipment Market Become Dominant At CAGR Of 3.58% By 2020
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Electrical explosions occur mostly due to sparks and high energy electrical arcs in industries. Electrical explosion proof equipment can prevent an imminent explosion or withstand explosions caused due to electrical sparks, arcs, or heat generated from any electrical apparatus. The global electrical explosion proof equipment market encompasses electrical explosion proof equipment used in both industrial and non-industrial applications.
Technavios analysts forecast the global electrical explosion proof equipment market to grow at a CAGR of 3.58% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global electrical explosion proof equipment market for 2017-2021. To calculate the market size, the report considers new installations, sales, retrofit, and replacement market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Electrical Explosion Proof Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Eaton
Emerson
Pepperl+Fuchs
R. STAHL
WEG
Other prominent vendors
Atex System
China Helon Explosion-proof Electric
Miretti
BARTEC FEAM
VIMEX
Market driver
Preventing loss of workhours due to potential hazards
For a full, detailed list, view our report
Market challenge
Fluctuating prices of raw materials
For a full, detailed list, view our report
Market trend
Rising focus on explosion prevention
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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