Intrinsic-safety market growing; using networks/buses

Growth rates for products used in intrinsically safe applications are projected to be much higher in North America than in Europe from 2001 to 2006, according to a new market study, "European and North American Markets for Intrinsically Safe Equipment," by Venture Development Corp. Total shipments delivered to North America are expected to grow at a 6.

12/01/2002


Natick, MA - Growth rates for products used in intrinsically safe applications are projected to be much higher in North America than in Europe from 2001 to 2006, according to a new market study, 'European and North American Markets for Intrinsically Safe Equipment,' by Venture Development Corp.

Total shipments delivered to North America are expected to grow at a 6.5% compound annual growth rate (CAGR) from about $191 million in 2001 to $261 million in 2006. Shipments to the more mature European market are expected to increase by a more modest 3.4% per year from $403 million to $475 million during the same period.

The study found that intrinsic-safety protection is displacing a traditional preference for explosion proofing in North American applications. The study also revealed a significant trend in implementation of intrinsically safe solutions toward the use of intrinsically safe networks/buses.

Projected growth in intrinsically safe network/bus products

Intrinsically safe network/bus interface products

Projected shipment from growth rates 2001 to 2006

Projected shipment from growth rates 2001 to 2006

Europe

North America

Distributed/remote I/O

6.0%

10.0%

Field devices*

8.4%

11.8%

*Includes I/P converters, operator interface displays/monitors/terminals, solenoid valves, and transmitters for flow, level, pressure and temperature.

Source: Control Engineering with data from Venture Development Corp. (Natick, MA), www.vdc-corp.com .





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