Product category:
Industrial Development Agencies and services
News Release from: Venture Development Corp
Edited by the Manufacturingtalk Editorial
Team on 04 May 2007
Wireless intrinsically safe devices
markets
According to Venture Development, the Americas is the largest market for wireline and wireless intrinsically safe devices and equipment.
General wisdom about intrinsically safe devices says that the biggest market for wireline and wireless intrinsically safe devices and equipment is in Europe And in general, this is true; but not always
This article was originally published on Manufacturingtalk on 6 Jan 2004 at 8.00am (UK)
Related stories
Cost-effective assembly system installed
India based Avasarala Automation, has provided cost effective solution for a compressor assembly line for air-conditioner and refrigerator system.
Nickel and cobalt producers buy latest automation
An enhanced automation system has been purchased by the world's leading producer and refiner of cobalt and the world's fifth largest producer of nickel.
In a new market study, Intrinsically Safe Devices: Global Market Assessment, 2nd Edition, Venture Development Corporation (VDC) found the largest geographic market for the wireless intrinsically safe devices is in the Americas.
Explosion-proofing and encapsulation, the Americas region's most popular hazardous area protection methods for wireline devices, simply do not apply to mobile devices.
Try picturing a steel-encased cell phone or two-way radio and at least one reason behind this shift in preferences is apparent.
Further reading
Abac acquires ALUP Kompressoren
As part of a strategic investment in the European industrial market, ABAC, the world's largest manufacturer of compressed air systems, has acquired ALUP Kompressoren GmbH.
Air compressor distributor appointed
ABAC has appointed Eastern Compressors to represent both its ABAC and ALUP brands of high-performance air compressors and associated technology.
Intrinsic safety is just one of the methods used to prevent equipment from causing fires and explosions in areas with hazardous atmospheres, such as explosive gas-air mixtures.
Equipment and wiring is intrinsically safe if it is incapable of releasing sufficient electrical or thermal energy to cause ignition of a hazardous atmosphere in its most ignitable concentration.
VDC found the 2006 worldwide market for the wireline products studied was $1,215.3 million, which with a forecast compound annual growth rate (CAGR) of 6.5% is expected to reach $1,663.8 million in 2011.
In comparison, the 2006 worldwide market for the studied wireless products was found to be much smaller at $271.5 million.
However, the markets for some of these products are expected to have high growth rates, and overall the market for these products is expected to increase at a 9.8% CAGR, reaching $432.7 million in 2011.
Of the products studied, the highest worldwide market growth rate is forecast for intrinsically safe wireless transmitters at 35% per year over the next five years.
For wireline products, the highest forecast growth rate is 9% per year for intrinsically safe distributed/remote I/O.
These products eliminate wiring needs and provide more distributed intelligence.
Use of wireless intrinsically safe transmitters can be particularly cost-effective for remote monitoring, such as for level measurement in tank farms.
An added benefit is the ease of making changes and additions using these products.
The study found the geographic sales distribution for the wireless products to differ considerably from that of the wireline products.
The use of wireline intrinsic safety is well established as a preferred hazardous protection method in the EMEA region, particularly in Europe, and the majority of 2006 worldwide shipments of the wireline products studied were to this region.
The remainder was fairly evenly split between markets in the Americas and Asia-Pacific regions.
• Venture Development Corp: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
