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.
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 . | ||
