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Research reveals top firms dominating the global hazardous area equipment market

A Hazardous Area Equipment are the equipment  is stated as an area that has an explosive atmosphere, may have expected to be, such areas require special precautions in order to avoid any ignition sources.

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The Global Hazardous Area Equipment Market accounted for USD 7.64 billion in 2016 growing at a CAGR of 6.76% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

This report consists of below pages:

No of pages : 350

No of Figures: 60

No of Tables: 220

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Market Definition: 

Many approaches can be made to avoid destructions out of hazardous areas, such as confining the area; isolating the area reduces the risk of accident.

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Competitive Analysis: 

The report for global hazardous area equipment market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.

The report also measures technology life line curve and market time line to analyze and do more affective investments.

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Major Market Drivers and Restraints:

  • Technological advancements in lighting solutions
  •  Increasing industrial safety measures
  • Acts as a source of ignition in hazardous areas
  • Time-consuming and expensive inspection and maintenance

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Market Segmentation:

The Global Hazardous Area Equipment Market is segmented on the basis of product type cable glands & accessories, process instruments, industrial controls, motors, strobe beacons, lighting products, sensors, bells & horns, fire alarms/call points, speakers & tone generators, visual & audible combination units.

On the basis of connectivity service, the global hazardous area equipment market is segmented into wired connectivity service, and wireless connectivity service.

On the basis of application, the global hazardous area equipment market is segmented into oil & gas, chemical & pharmaceutical, food & beverage, energy & power, mining, and others.

On the basis of geography, the global hazardous area equipment market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

Major Market Competitors: 

Some of the major players of the global oilfield communications market are Hughes Network Systems LLC., ITC Global, Huawei Technologies Co., Ltd., RigNet, Redline Communications, ERF Wireless, Inmarsat plc., Hermes Datacommunications International Ltd, Hughes Network Systems LLC, Halliburton , Harris CapRock, among others.

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