Market Trends of Explosion Proof Mobile Communication Devices Industry
This section covers the major market trends shaping the Explosion Proof Mobile Communication Devices Market according to our research experts:
Oil and Gas Industry Expected to Show Significant Growth
- The oil and gas industry nurtures a robust safety culture, even under the most benign circumstances. Governing bodies, such as the US Occupational Health and Safety Administration (OSHA), classifies the oil and gas industry into distinct segments: oil and gas extraction, drilling oil and gas wells, and support activities for oil and gas operations. A worker working on any of these segments is likely to work in hazardous conditions, including exposure to chemicals, risk of fire or explosion, remote locales, and confined spaces such as wells or pipelines and machines.
- Additionally, the increasing demand for crude oil and finished oils, including heating oil and diesel fuel in the automobile, energy, machinery manufacturing, electricity, chemicals, and metallurgy sectors worldwide further boosted the need for more oil and gas exploration processes, indirectly driving the demand for explosion-proof mobile communication devices.
- Communication devices have a crucial role in the industry in terms of enhancing production with real-time data transfer and communication. The increasing adoption of IoT devices in the industry offers a reduction in cost and time of operation. It also improves the safe environment for the offshore workforce.
- In response to this, the US government has laid out some stringent regulations about the policies and safety equipment to be used. These policies included the usage of explosion-proof devices to provide safety. The implementation of safety policies is anticipated to increase the dependence on explosion-proof equipment, indirectly boosting the growth of the global market.
- In May 2020, Wincomm, a medical and industrial computer provider, launched the Explosion Proof Panel PC, WTPE series, built to suit hazardous environments undergoing rigorous testing to ensure safety and top performance offering the best solution for environments with explosion considerations. According to the company, the WTPE works well in oil & gas industry, chemical manufacturing, power generation, distilleries and other hazardous industrial applications.
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North America to Hold the Largest Share
- North America is set to hold a significant position in the global explosion-proof mobile communication devices market over the forecast period, owing to the government's strict regulations, especially in the United States, toward hazard safety measures.
- The regional process industries, especially chemicals, oil and gas, and refining plants, face numerous hazardous situations with the potential to cause massive explosions. For instance, explosions incidents at Tri-Chem Industries in the United States and BP's Texas City Refinery occurred mainly due to a lack of correct and timely information, leading to an inability to act appropriately to arise situations in these hazardous locations.
- The Federal Emergency Management Agency is likely to increase the funding to reduce the number of disasters by taking necessary measures. This may lead to a demand for explosion-proof real-time communication devices, thereby boosting the market growth.
- In response to this, the US government has laid out some stringent regulations about the policies and safety equipment to be used. These policies included the usage of explosion-proof devices to provide safety. Implementing safety policies is anticipated to increase the dependence on explosion-proof equipment, indirectly boosting the growth of the global market.
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