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Ex equipment protects finances and safety
Ex equipment protects not only the safety of human workers in hazardous areas, but also the finances of the operating company, a newly published market research report notes. Explosion Proof Equipment Market: Global Industry Analysis and Opportunity Assessment 2016-2026 from Future Market Insights highlights the dual benefits of ex equipment for hazardous areas. "Today explosion proof equipment is used in almost all industries for the protection of finances as well as lives," the report states. Like other recent reports, the study identifies several major markets for the coming years, including increased adoption of ex equipment in oil and gas industries, new mining exploration, and rising demand for automation applications. It adds that stiffer safety regulations are also leading to greater uptake of ex equipment for hazardous areas in all sectors and industries as companies comply with newly introduced legislation. The report breaks ex equipment down into individual types of equipment, for example ex cable glands, switchgear, surveillance systems, material handling, lifting systems, and power generation and distribution. It also points out the different purposes of explosion proof equipment, from devices that prevent ignition, to enclosures designed to contain a blast if one occurs.read more
LED lighting drives market value in UK
LED lighting is helping to drive the value of the UK lighting market as a whole substantially higher, with AMA Research reporting a 13% annual increase between 2014 and 2015. In a new market survey, Lighting Market Report - UK 2016-2020 Analysis, AMA Research note multiple channels for LED lighting, which is gaining popularity in domestic settings as well as its well established commercial channel. For commercial and industrial users, LED lighting has benefits in hazardous areas, where it can be positioned in remote locations with little need for maintenance access, and provides illumination without high temperatures as might be expected from other types of bulb. Ironically, it is the longevity of LED lighting and other modern, efficient counterparts that poses the greatest threat to the future value of the market. As more bulbs are installed that require little to no maintenance and offer tens of thousands of hours of illumination without needing to be replaced, this could ultimately lead to lower demand for replacements. But the analyst adds: "Underlying trends remain positive in the UK lighting market, and continued growth is predicted as a result of a shift to higher-value LED products and strong growth in the lighting control sector."read more