Global Explosion Proof Equipment Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 18, 2018--The “Global Explosion Proof Equipment Market - Segmented by Hazardous Materials/Substance Type, Explosion Proof Equipment Type, Hazardous Zone Classification - Growth, Trends & Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global explosion proof equipment market was valued at USD 4.47 million in 2017 and is expected to reach a value of USD 7.18 million by 2023 at a CAGR of 8.21%, over the forecast period of 2018-2023.
The explosion proof equipment finds its applications in diverse industries, such as aerospace and aircraft maintenance sites, construction sites, HVAC systems, manufacturing and machine processing units, mining fields, and oil & gas extraction fields. Important equipment used in these industries are lighting, surveillance and signaling systems.
Explosion protection equipment is used in a wide range of industry verticals to protect devices and products from various hazardous environments. In the wake of increasing industrial accidents and explosions in mines, regulatory bodies, like OSHA and others, are initiating the implementation of stricter regulations both to ensure worker safety and to prevent damage to the atmosphere.
Ensuring safe handling of hazardous substances in industrial areas has been a significant concern for all the parties involved. Stringent regulations are being discussed by governmental agencies and trade bodies in all major economies. These regulations are centered on the use of explosion-proof equipment in all major industries, with occupation relating to hazardous materials handling. All major electrical product manufacturers have revamped their operations to account for changes in regulations. The oil & mining sector has witnessed tremendous growth due to the identification of substantial reserves in emerging economies.
Companies MentionedAdalet Alloy Industry Co. Ltd Bartec Gmbh Cordex Instruments Extronics Limited G.M. International Srl Intertek Group Marechal Electric Group Pelco Pepperl+Fuchs R. Stahl Rae Systems
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/zvbpgz/global_explosion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180518005246/en/
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PUB: 05/18/2018 07:13 AM/DISC: 05/18/2018 07:13 AM