The market is driven by growing safety standards, increasing usage of intrinsically safe equipment in all the hazardous zones, and a high frequency of accidents and explosions
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The intrinsically safe equipment market is forecasted to grow by USD 1.22 billion during 2023-2028, accelerating at a CAGR of 7.08% during the forecast period. The report on the intrinsically safe equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing safety standards, increasing usage of intrinsically safe equipment in all hazardous zones, and high frequency of accidents and explosions.
The intrinsically safe equipment market is segmented as below:
By End-user
- Oil and gas
- Mining
- Power
- Chemical and petrochemical
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the intrinsically safe equipment market covers the following areas:
- Intrinsically safe equipment market sizing
- Intrinsically safe equipment market forecast
- Intrinsically safe equipment market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global intrinsically safe equipment market: ABB Ltd., Banner Engineering Corp., Bayco Products Inc., BEKA associates Ltd., CorDEX Instruments Ltd., Datalink Electronics Ltd., Eaton Corp. Plc, Fluke Corp., G.M.International srl, Kyland Technology Co.Ltd., PCB Piezotronics Inc., Pepperl and Fuchs SE, R Stahl AG, Regulateurs GEORGIN, Rockwell Automation Inc., Schneider Electric SE, Shanghai Chenzhu Instrument Co.Ltd., Siemens AG, Spectris Plc, and SRS Engineering Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is reliability of intrinsically safe equipment."
According to the report, one of the major drivers for this market is the growing safety standards.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Banner Engineering Corp.
- Bayco Products Inc.
- BEKA associates Ltd.
- CorDEX Instruments Ltd.
- Datalink Electronics Ltd.
- Eaton Corp. Plc
- Fluke Corp.
- G.M.International srl
- Kyland Technology Co.Ltd.
- PCB Piezotronics Inc.
- Pepperl and Fuchs SE
- R Stahl AG
- Regulateurs GEORGIN
- Rockwell Automation Inc.
- Schneider Electric SE
- Shanghai Chenzhu Instrument Co.Ltd.
- Siemens AG
- Spectris Plc
- SRS Engineering Corp.
