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Insights on the Intrinsically Safe Equipment Global Market to 2027 - Featuring Eaton, Fluke and Omega Engineering Among Others - ResearchAndMarkets.com

·2-min read

The "Intrinsically Safe Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 8th edition of this report. The 139-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Intrinsically Safe Equipment Market to Reach $8.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Intrinsically Safe Equipment estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$8.1 Billion by 2027, growing at a CAGR of 7% over the period 2020-2027.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 10.6% CAGR

The Intrinsically Safe Equipment market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 10.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Competitors identified in this market include, among others:

  • CorDEX Instruments Ltd.

  • Eaton Corporation PLC

  • Fluke Corporation

  • Omega Engineering, Inc.

  • Pepperl+Fuchs GmbH

  • R. Stahl AG

  • RAE Systems, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Intrinsically Safe Equipment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/tefles

View source version on businesswire.com: https://www.businesswire.com/news/home/20210120005474/en/

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