The Global Explosion-proof Electric Actuators Market is expected to witness growth during the period 2013-2018, growing at a CAGR of 6.2 percent.
London, 06 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Explosion-proof Electric Motors and Actuators Market 2014-2018. The emergence of smart electric systems is one of the predominant emerging trends in the market. Also, the rise in infrastructure development with the need for better power generation and sewage management is resulting in higher demand for explosion-proof equipment.
Electrical motors and actuators are an integral part of the Process Equipment industry, and are employed in pumps, compressors, and valves in order to drive and control the flow of the medium throughout the process line. The Global Explosion-proof Electric Motors Market is classified into two product segments:
- Low-voltage Motors
- Medium-voltage Motors
One of the major drivers in this market is the expansion of shale resources in North America and Australia,” says Faisal Ghaus, Vice President of TechNavio Research.
“As explosion-proof electric motors and actuators are mainly used in the Oil and Gas industry, the tapping of shale resources across the world is expected to have a positive impact on the growth of the market over the next few years.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
