Explosion Proof Equipment Market – Forecast to 2025 With Covid-19 Impact Analysis - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Explosion Proof Equipment Market – Forecast to 2025 With Covid-19 Impact Analysis

Description:

The global explosion proof equipment market size is projected to grow from USD 7.4billion in 2020 to USD 9.9billion by 2025, at a CAGR of 5.9% from 2020 to 2025. Factorssuch as the increasing industrial safety measures and rising Energy Requirements are expected to fuel the growth of the explosion proof equipment industry. – PowerPoint PPT presentation

Number of Views:3
Date added: 24 June 2020
Slides: 8
Provided by: ctom7000

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Explosion Proof Equipment Market – Forecast to 2025 With Covid-19 Impact Analysis


1
MarketsandMarkets Presents

Explosion Proof Equipment Market Forecast to
2025 With Covid-19 Impact Analysis Explosion
Proof Equipment Market by Product (Cable Glands
Accessories, Industrial Controls, Process
Instruments, Sensors, and Signaling Devices),
Connectivity Service, Zone Classification,
Industry, and Geography Global Forecast to
2025 https//www.marketsandmarkets.com/Market-Rep
orts/explosion-proof-equipment-market-108397700.ht
ml
2
The global explosion proof equipment market size
is projected to grow from USD 7.4billion in 2020
to USD 9.9billion by 2025, at a CAGR of 5.9 from
2020 to 2025. Factorssuch as the increasing
industrial safety measures and rising Energy
Requirements are expected to fuel the growth of
the explosion proof equipment industry. Browse 10
1 market data Tables and 33 Figures spread
through 164 Pages and in-depth TOC on "Explosion
Proof Equipment Market Global Forecast to 2025"
3
By product type, the cable glands accessories
segment holds the largestshare of the explosion
proof equipment market.Cable glands accessories
are increasingly being used for mechanical
retention, strain relief, and earth continuity.
Cable glands come with different protection
types, such as inner and outer sheath seal with
armor clamp for steel wire, steel tape, screened
or braided cables, and lead sheathed cables. The
pioneers in manufacturing cable glands and
related accessories for explosion proof equipment
include Eaton Corporation Plc (Ireland), Hawke
International (UK), and Emerson Electric Co.
(US). Ask PDF Brochure https//www.marketsandmar
kets.com/pdfdownloadNew.asp?id108397700 Based
on connectivity service, the wireless
connectivity services segment is projected to
grow at a higher growth rate as compared to the
wired connectivity services segment during the
forecast period. The growth of the wireless
services segment can be attributed to its lower
installation cost, the requirement for cable-free
operations, and reduction in space occupied and
weight. Wireless devices can minimize the number
of devices installed, such as cabling and other
installation equipment leading to low
installation expenditure and low labor costs.
4
For example,the wireless fire alarm system is an
effective alternative to traditional wired fire
alarm systems across end-use industries, ranging
from oil gas to mining and pulp paper. They
make use of secure, license-free radio
communications to interconnect the sensors and
devices such as detectors and call points with
controllers. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id108397700 The major players in
the explosion proof equipmentmarket are Siemens
(Germany), Honeywell International, Inc. (US),
ABB Ltd. (Switzerland), Rockwell Automation, Inc.
(US), and Eaton Corporation Plc (Ireland).
5
The Rest of the World is expected to grow at the
highest CAGR during the forecast period, due to
the presence of the worlds largest oil gas
production, mining, and energy power
industries, which are highly prone to explosions
in the region. The rising demand for protection
in the oil gas industry led the manufacturers
to certify their products for use in explosive
atmospheres.
6
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations early to the market
by providing them research ahead of the
curve. MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of markets.
7
Contact Us
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 For More
Info https//www.marketsandmarkets.com/PressRelea
ses/explosion-proof-equipment.asp
About PowerShow.com