According to a new report published by Allied Market Research, titled, “Explosion Proof Equipment Market by Industry Vertical, Applicable System, Protection Method, Geography – Global Opportunity Analysis and Industry Forecasts, 2014 – 2022,”
The global explosion proof equipment market is estimated to reach $8,217 million, registering a significant CAGR of 9.3% during 2016 to 2022.
North America is expected to dominate the global market throughout the analysis period, registering a notable CAGR of 8.4%.
Download Sample PDF(300+ Pages):https://www.alliedmarketresearch.com/request-sample/1728
The explosion-prone industries based out in North America need to comply with the NEC standard, which defines the design and development of equipment on the basis of class, division, and group system. Similarly, ATEX or IEC standards are followed in Europe, which segregates an area on the basis of zone.
These systems follow a similar modus operandi, and demarcate hazardous areas that are prone to explosive materials apart from assigning the category of equipment that need to be used in such locations. An ATEX-compatible HVAC system offered by Intertek ensures high safety of labor and automatic climate control system. The system is best suited for oil & gas refineries, petrochemical, and manufacturing plants, as it regulates the atmospheric pressure to prevent the entry of dust or gas.
Get detailed COVID-19 impact analysis on the Explosion Proof Equipment Market:https://www.alliedmarketresearch.com/request-for-customization/1728?reqfor=covid
After a massive success of other ignition-resistant products, Larson Electronics launched an explosion-proof analog camera in September 2016 for use in a vessel or tanker to monitor internal operations. The camera features an infrared LED range that assures nocturnal visibility and remote maneuverability from a control room, to save time and money apart from providing safety at workstations.
Market players have focused on adopting various strategies, such as product launch, acquisition, and product expansion, among others to expand their market outreach. For instance, in August 2016, R. Stahl AG, an explosion-protected products specialist, launched an Ethernet connectivity with remote I/O system, ideal for Zone 1 and Zone 2 hazardous locations. This system ensures reliability of data transfer in an ignition-prone environment.
Interested in Procure Data? Visit:https://www.alliedmarketresearch.com/explosion-proof-equipment-market/purchase-options
The key market players profiled in the report include ABB Group, Rockwell Automation Inc., R. Stahl AG, BARTEC Group, Adalet, Siemens AG, Intertek Group Plc, Pepperl + Fuchs GmbH, and Cooper Industries (Eaton).
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
