Table of Contents
The global explosion protection equipment market which encompasses products which can be categorized as intrinsically safe, explosion proof or explosion containable and explosion segregated is growing at a healthy growth rate of 9.4% during 2013 – 2018. The overall market size currently stands at $3.45bn in 2013, which is 10.8% increase over the revenues from 2012.
IndustryARC expects the market size to cross the $5bn mark in 2017 and continue to increase to $5.41bn in 2018.
The report discusses the different protection principles along with the different standards and certifications present in the market for products being manufactured. The market has been analyzed based on the flammable substances and explosive characteristics areas too. Importantly, 11 key product segments were identified and analyzed in the report. These include cable glands, power generation and distribution systems, junction boxes and enclosures, lifting systems, material handling systems, panel boards, switches and sockets, surveillance and monitoring systems, signaling systems and switchgears. IndustryARC is of the opinion that surveillance systems and lighting systems have the fastest growth rate among all the product segments with rates of around xx% and xx% respectively for the forecast period 2013 – 2018.
Explosion proof equipment are used in almost all industry verticals like pharmaceuticals, chemicals, textiles, grain processing, oil and gas, petrochemicals etc for the protection of different types of machinery. The market was also thus analyzed on these key end user verticals in the report. The waste management and construction industry are the two fastest growing end user verticals according to IndustryARC with growth rates of around xx% and xx% respectively. Emerging markets in Asia Pacific and Middle East are expected to be the major contributors due to increased construction activity, manufacturing and toxic waste treatment necessities. The market has also been analyzed based on the key geographic regions like North America, South America, Europe, Asia Pacific, Middle East and Africa. Each of these regions has been
further segmented by the key countries contributing to the market revenues. xx and South xx are the fastest growing geographic regions with growth rates of around xx% and xx% respectively.
With respect to countries China, Mexico and Brazil are the xx xx xx markets with xx year over year rates of xx%, xx% and xx% respectively for the period 2013 – 2018.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
Malaysia is one of the few developing countries in the Asia pacific region which has used its abundant natural resources to grow sustainably. From being a major exporter of raw materials the country has ...
Angola is one of the fastest growing and most promising economies in Africa. Angola's high GDP growth is driven by high international oil prices. However, the worldwide slump in oil prices has affected ...
“Leak detection market for oil and gas expected to grow at a significant rate between 2016 and 2022” The leak detection market for oil and gas was valued at 2.10 billion in 2015 and is expected to ...