Explosion Proof Mobile Communication Devices Market 2019 to Expand at a CAGR of 7.8% by 2023: Analysis by Top Manufacturers, Product Type, Focused Application

Report Title – Global Explosion Proof Mobile Communication Devices Market – Segmented by Products, Industry, and Region – Growth, Trends, and Forecast (2019 – 2023)

“Explosion Proof Mobile Communication Devices Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Explosion Proof Mobile Communication Devices Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.

Top Listed Players in Explosion Proof Mobile Communication Devices Market Research Report 2019-2023:

BARTEC Group
Ecom instruments
Airacom Ltd.
Emerson Process Management
Panasonic Corp
JFE Engineering Corp
Intermec
Ningbo Joiwo explosion proof technology Co., Ltd
Yuyao Xianglong Communication Industrial Co., Ltd

Explosion Proof Mobile Communication Devices market reports provide a comprehensive overview of the worldwide market size and share. Explosion Proof Mobile Communication Devices market data reports also provide a 5-year historic, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization.

Overview of Explosion Proof Mobile Communication Devices Market Report:

Global Explosion Proof Mobile Communication Devices Market is expected to register a CAGR of 7.80%, during the forecast period (2019-2023). The scope of the report is limited to Type of products offered by major players, which involves Asset Tags, Wearable Tags, Wireless Sensors. While the Technology considered in the scope of the report include RFID, Wi-Fi, ZigBee.

Safe communications are one of the most critical areas for businesses operating in hazardous areas. Inherently, these companies need access to information and remain constantly informed on avoiding dangers of explosions and catastrophes, due to the complexity of operations involved. Explosions can be devastating and cause huge losses of life, property, and capital, and damage the environment. Oil refineries, petrochemical plants, mining quarries, chemical factories, and corn mills are prone to high risks, due to the presence of highly inflammable substances in large quantities. They need to be constantly monitored, to ensure safety and productivity. Explosion proof communication devices may be used to transmit images, data, and voice to monitor and control such places.

Government Rules and Regulations on the Use of Safe Equipment in Hazardous Places

Ensuring safe handling of hazardous substances in industrial areas has been a major concern for all the parties involved in the same. In the wake of industrial explosions in the oil and mining sector, governmental agencies and trade bodies of all major economies have discussed the need for stringent regulations. These regulations are centered on the use of explosion proof equipment in all major industries. All the major electrical product manufacturers have revamped their operations to account for these changes in regulations. As the oil and mining sector has witnessed a tremendous growth due to identification of substantial reserves in emerging countries, the explosion proof equipment market is expected to record high growth rates in this sector. A regulation is usually imposed by a governmental agency and trade units have to comply with them. The Dangerous substances and Explosive Atmospheres Regulation (DSEAR) has been commissioned in the United Kingdom to prescribe safety regulations for industrial areas that have a potentially hazardous environment.

Oil and Gas Industry One of the Primary Recipients of Explosion Proof Mobile Communication Devices Market.

The country is the leading global exporter of oil and second largest producer in the world. More than 90% of the country a budget revenues come from petroleum sector. These huge oil production capabilities are the major drivers of the global explosion proof equipment market. In Apr 2010, the largest accidental marine oil spill in the history of the petroleum industry, commonly referred to as the Deepwater Horizon oil spill, occurred in the Gulf of Mexico on the British Petroleum operated Macondo Prospect. In this accident, eleven people went missing and were never found. The US Government estimated the total spillage was at 4.9 million barrels (US 210 million gallons; 780,000 m3). This massive oil spill affected the health, economy, and environment in a very severe way. The US government has laid out some stringent regulations about the policies and safety equipment to be used. These policies included the usage of explosion proof devices, to provide safety. The implementation of safety policies is anticipated to increase the dependence on explosion proof equipment, indirectly boosting the growth of the global market.

North America Expected to Have One of the Highest Growth Compared to Other Regions

The continuous efforts in this region to explore new mineral sites are driving demand for explosion proof communication devices. The United States is one of the largest oil producing nations in the world. As of 2015, petroleum and natural gas were the two largest sources of energy in the United States, contributing to over 60% of the energy consumption. The country currently generates about 9.2 million barrels of oil a day, about half of which is shale production. In addition, the congress recently lifted 40-year old oil export ban, which is expected to boost the US oil industry, thereby driving the demand for explosion proof communication devices in the country. Moreover, with the incidences of industrial explosions increasing in the recent times, US safety organizations are trying to implement the regulations strictly, contributing to the increased sales of explosion proof communication devices.

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Post time: Aug-21-2019
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