PUBLISHER: TechNavio | PRODUCT CODE: 1074766
PUBLISHER: TechNavio | PRODUCT CODE: 1074766
Technavio has been monitoring the intrinsically safe equipment market and it is poised to grow by $ 1.25 bn during 2022-2026, accelerating at a CAGR of 7.19% during the forecast period. Our 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.
The report offers an up-to-date analysis of the current global 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 the hazardous zones, and a high frequency of accidents and explosions.
The intrinsically safe equipment market analysis includes the end-user segment and geographic landscape.
Technavio's intrinsically safe equipment market is segmented as below:
By End-user
By Geographical Landscape
This study identifies the reliability of intrinsically safe equipment as one of the prime reasons driving the intrinsically safe equipment market growth during the next few years. Also, rising demand for energy, automation, offshore and onshore oil exploration, and investments in research and development activities will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading intrinsically safe equipment market vendors that include 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, Regulators GEORGIAN, Rockwell Automation Inc., Schneider Electric SE, Shanghai Chenzhu Instrument Co.Ltd., Siemens AG, Spectris Plc, and SRS Engineering Corp. Also, the intrinsically safe equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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.
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