Explosion Proof Equipment market examined in the new market research report
The purpose of the report is to illustrate the state of the market of Explosion Proof Equipment, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026. [Continue reading….]
In industries such as mining, oil & gas, and industrial manufacturing & processing, personnel and equipment operate in a hazardous environment that is conducive to explosion and fire accidents. Thus, the overriding need to protect assets from explosion or fire accident has triggered demand for explosion proof equipment. In wake of rising incidences of explosions at mine sites, industrial accidents at a workplace and consequent loss of assets, companies across industry verticals have recognized the need to deploy state-of-the-art safety solutions including explosion proof equipment. In addition, stringent regulations promoting occupational safety are driving demand for explosion proof equipment worldwide. With perpetually growing energy demands, lookout for new oil & shale reserves in economies like Mexico, Brazil, and the U.S. has magnified investments in oil exploration activities. This, in turn, is driving demand for explosion proof equipment in these countries. All these factors will contribute towards a CAGR of 7.3% over the forecast period from 2018 to 2026.
- Stahl, Adalet, Bartec GmbH, G.M. International SRL, Rae Systems (Honeywell International Inc.), Marechal Electric Group, Pepperl+Fuchs, Alloy Industry Co. Ltd, Siemens AG, Intertek Group, Extronics Limited, and Cordex Instruments among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Explosion Proof Equipment buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
Browse here for the full report with TOC: https://www.credenceresearch.com/report/explosion-proof-equipment-market
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Explosion Proof Equipment contains:
Analysis and forecast of Explosion Proof Equipment market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Explosion Proof Equipment market;
Assessment and forecast of Explosion Proof Equipment market development;
Financial and business profiles of the leading companies in the Explosion Proof Equipment industry.
– Up to date working Explosion Proof Equipment data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Explosion Proof Equipment for the period 2018 to 2026
– Planned Explosion Proof Equipment additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Explosion Proof Equipment projects by region, key countries, and companies
– Details of major planned Explosion Proof Equipment projects in the world up to 2026
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