North America market for intrinsically safe equipment to increase

Already widely used in Europe, intrinsically safe electrical architecture is expected to enjoy large gains in popularity in the United States, according to a new study by Venture Development Corp. (VDC). According to “European and North American Markets For Intrinsically Safe Equipment,” the North American market for such equipment will grow 6.5% over the next five years. Intrinsically safe products

Already widely used in Europe, intrinsically safe electrical architecture is expected to enjoy large gains in popularity in the United States, according to a new study by Venture Development Corp. (VDC). According to “European and North American Markets For Intrinsically Safe Equipment,” the North American market for such equipment will grow 6.5% over the next five years.

Intrinsically safe products created $191 million in revenue in 2001, but the study predicts that number will grow to $261 million by 2006. Although such an increase would be impressive, the European market already dwarfs that of North America: revenue topped out at $403 million in 2001 and is expected to reach $475 million by 2006.

Intrinsically safe equipment is incapable of releasing sufficient electrical or thermal energy to cause ignition of a hazardous atmosphere in industrial facilities. The study attributes the predicted gain in the North American market to a trend to displacement of explosion-proof protection methods in North America by intrinsic safety methods, which have lower operating costs.

For more information about the study, visit www.vdc-corp.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish