Report Highlights
- Eastern European markets will experience higher growth rates than those in Western European countries.
- Even higher growth rates are forecast for North American markets where displacement of explosion proofing as a protection method is occurring.
- High market growth rates are forecast for field instruments and distributed/remote I/O with intrinsically safe network/bus interfaces.
- This trend is cutting into and limiting the market growth rates for intrinsic safety barriers, and also field instruments without network/bus interfaces.
- Superior galvanic isolator technology is displacing use of zener diode safety barriers in applications.
- Chemical, oil & gas, petrochemical, and pharmaceutical industries are dominant vertical markets in both Europe and North America. Among these, the pharmaceutical market is forecast as the fastest growing in both regions.
- Gaining acceptance for use of intrinsic safety protection in existing North American facilities is a hard sell. Choosing intrinsic safety is much more likely for new installations or major modernization projects.
- Harmonizing hazardous environment standards and certification procedures between Europe and North American is underway.
- Both the European and North American markets for intrinsic safety barriers are dominated by a handful of European vendors. Currently these same vendors also dominate the markets for intrinsically safe distributed/remote I/O.
- The major industrial control vendors currently buy and resell intrinsically safe distributed/remote I/O from the specialty suppliers. Some of the major industrial control vendors are introducing their own products.
- A multitude of vendors supply field instruments for intrinsically safe applications. However, the leading suppliers overall are the major control system vendors.
Major Report Sections
These include product descriptions, alternative protection methods, hazardous area designation schemes, and approval agencies, industry structure, market sizes, segmentations, and forecasts, user analyses, vendor analysis, strategies and recommendations, and vendor profiles.
Product Categories Analyzed
Products studied are: intrinsically safe distributed/remote I/O; intrinsic safety barriers-galvanic isolators, safety relays/switching amplifiers, and zener diode; field instruments-I/P converters, Namur proximity sensors, operator interface displays/monitors/terminals, solenoid valves, and transmitters (flow meters, level measurement, pressure, and temperature).
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