DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/48cdk8/global_explosion) has announced the addition of the "Global Explosion Proof Equipment Market (2013-2020) - By Protection Types and by Applications" report to their offering.
The global explosion proof equipment market is expected to grow from $2.85bn in 2013 to around $3.57bn by 2018. Out of the various product segments, lighting systems, surveillance and monitoring systems are expected to drive the market with the highest growth rates of around 8.5% and 13.4% globally. In comparison to these segments the overall explosion proof equipment market is only expected to grow at around 4.6%.
Although the major applicable market for Explosion Proof/Protected Electrical Equipment i.e. Mining & Oil & Gas industry have become matured, this equipment has found a new customer base across residential and government facilities, entertainment areas and home appliances.
With new oil reserves found in Brazil, Italy and Greenland, the market for explosion proof/protected electrical equipment will surge due to the environmental sensitivity in these areas.
With the boom in LED market, manufacturers are steering towards interfacing explosion proof technology in LED lighting systems.
The ever expanding market for explosion proof electrical equipment has made the competition fierce. It can be understood with recent acquisitions and collaborations: Eaton Corp. acquires Cooper Crouse-Hinds while Marechal Electric Group joined hands with TECHNOR ITALSMEA S.p.A. to expand its operation in Oil & Gas industry with turnover of around $135 million.
Lighting and signaling systems are the most prominent factor contributing to the growth of explosion protected/proof electrical equipment. With new regulations stirring up for safety standards, explosion proof equipment market in electrical domain will surge in the future.
Scope
By Protection Types
- Explosion Prevention
- Explosion Proof
- Explosion Segregation
By Applications
- Automation Systems
- Lighting
- Material Handling Systems
- Surveillance Systems
- Signaling Systems
Key Topics Covered:
- Explosion Proof Equipment - Market Overview
- Executive Summary
- Explosion Proof Equipment - Market Landscape
- Explosion Proof Equipment - Market Forces
- Explosion Proof Equipment - Strategic Analysis
- Explosion Proof Equipment Market
- Explosion Proof Equipment Market - By Applicable Systems
- Explosion Proof Equipment Market -By End- User Industries
- Global Explosion Proof Equipment Market -Geographic Analysis
- Market Entropy
- Company Profiles
- Adalet (Scott Fetzer Company)
- Alloy Industry Co. Ltd.
- BARTEC GmbH
- Baliga Lighting Equipments Pvt. Ltd.
- Crouse-Hinds (Cooper Industries)
- E2S Warning Signals
- Extronics Ltd.
- Feam SRL
- Intertek Group plc
- J.B. Systems Ltd.
- KH Industries
- Marechal Electric Group
- MHE-Demag (S) Pte Ltd.
- Pelco (by Schneider Electric SA)
- R. STAHL, Inc.
- S.C. UMEB SA
- Specific Systems Ltd.
- thuba EHB Ltd.
- TD Velan OOO.
- Walsall Ltd (PEPPERL+FUCHS)
- Warom Technology, Inc.
For more information visit http://www.researchandmarkets.com/research/48cdk8/global_explosion
