Global Explosion Proof Equipment Market Forecast 2016 – 2024

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Global Explosion Proof Equipment Market Forecast
2016 2024
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Summary

• Global Explosion Proof Market Overview
• Explosion Equipment Market is projected to reach
  10 billion by 2024, having a CAGR of 9.2
  during the forecast period of 2017 to 2024. Oil
  and gas industry segment has generated highest
  revenue in 2016 and expected to grow with highest
  CAGR for forecasted period.
• Explosion can be defined as extreme uncontrolled
  impulse in stream on energy. The energy can be
  mechanical, electrical or nuclear in nature.
• Various factors are responsible for explosion
  such as increased pressure, nuclear reactions,
  leakage of gases and dust.
• Some products are specifically designed to
  withstand the explosions and these are known as
  explosion proof equipments.
• Explosion proof equipment can be termed as those
  equipment/devices which have protection means for
  the isolation of casing, making the casing enough
  robust that none of the external environmental
  factors can affect that.

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Market Dynamics

• Increased the adoption of explosion proof
  equipment in oil gas industries, exploration of
  new mining sites and a steep rise in the demand
  of explosion proof equipment in automation sector
  are major drivers of the global explosion proof
  market.
• Adoption of explosion equipments by manufacturing
  firms due to extreme manufacturing conditions and
  stringent safety regulations for hazardous areas
  are also key drivers of the global explosion
  proof equipment market.
• However, lack of standardization, floundering of
  mineral and mining industries globally are key
  restrains of the global explosion proof equipment
  market.
• The increased demand for integrated explosion
  proof systems and huge investment in explosion
  proof equipment market are prime opportunities
  for the explosion proof equipment market.

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Market Segmentation

• The global explosion proof equipment market is
  segmented based on Industry Vertical, equipment
  type, applicable system type and region.
• Industry vertical is further classified as
  pharmaceuticals, manufacturing, marine, food
  processing, oil gas, mining and others.
• By equipment type, the market is segmented into
  explosion prevention, explosion segregation and
  explosion proof equipment.
• Based on applicable system type, the market is
  segmented as cable glands, junction boxes and
  enclosures, lighting systems, material handling
  systems, automation systems, surveillance and
  monitoring, signaling systems and others.
• Regionally the market is segmented as North
  America, Europe, Asia-Pacific and Rest of World.
• North American region generated the highest
  revenue in terms of explosion proof equipment
  market in 2016, owing to emerging manufacturing
  industries in the region.

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• Key market leaders of global explosion proof
  equipment market are
• Adalet
• Intertek Group Plc
• Extronics Ltd
• Bartec Group
• R. Stahl AG
• PepperlFuchs Gmbh
• Siemens AG
• Rockwell Automation, Inc.
• Cooper Industries (Eaton)
• ABB Group
• BCom Solutions,Inc.
• Honeywell International Inc.

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Full Reports
Global Explosion Proof Equipment Market Forecast
2016 2024
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