Oil, gas industry dominates the market for hazardous area equipment

Increased legislation has spurred increased sales for hazardous equipment in the oil and gas industry in the EMEA region.

09/10/2013


Three-quarters of revenue in the Europe-Middle East-Africa (EMEA) region from sales of products suitable for use in hazardous areas were from the oil and gas industry in 2012, according to a recent report entitled “Hazardous Area Equipment – EMEA – 2013” from IMS Research, now part of IHS Inc.. 

“Despite the well-known fact that oil and gas is the most important industry for hazardous area equipment, the very high market share it held last year came as a surprise,” said John Morse, senior automation market analyst with IHS. “The 2009 edition of the report also concluded that oil & gas was the leading market for hazardous area equipment accounting for around half of revenues at that time. Therefor the new report suggests that there has been a significant increase in sales to this industry.” 

In particular, the results cite the growing volume of legislation being applied to oil and gas installations as one of the main factors. 

“There is a steady flow of new legislation being introduced,” Morse said. More notably the legislation is being ever more strictly applied, particularly in the lower risk environments where the risk of explosions is minimal e.g. Zone-2. 

“Disasters in oil and gas installations get reported by the global media in seconds and the consequences can be catastrophic for the companies involved,” Morse said. “The result is that site operators are minimizing exposure wherever possible. In situations where there is any risk of explosion, no matter how small, ensuring certificates proving compliance with the relevant hazardous area legislation are logged and readily accessible, just in case.”



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
40 Under 40; Stand-alone medical buildings; NFPA 92; Specialty fire suppression; Applying 90.1 in lighting design
2016 Product of the Year Finalists: Vote now; Data center Q&A; LED codes; Smart buildings
Fire pump power system design: How to design safe, reliable fire pump power service; Water management in commercial buildings; Emergency egress, illumination
Designing generator systems; Using online commissioning tools; Selective coordination best practices
Understanding transfer switch operation; Coordinating protective devices; Analyzing NEC 2014 changes; Cooling data centers
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
click me