News Industry Growth for hazardous area equipment to slow in 2013
A RECENTLY PUBLISHED report from IMS Research, now part of IHS, claims that sales revenue this year of hazardous area equipment in the EMEA region will grow by less than half of what was estimated in 2012, but will then stabilise from 2014 onward. Revenue in 2013 for hazardous area equipment is forecast to reach €2.67bn, growing at 5.2%, just half the rate of 2012, as shown in the graph above. Prospects for next year are predicted to improve when revenue hits €2.91bn, representing growth of 8.9%. By 2016, revenue will amount to €3.4bn, equivalent to a five year compound annual growth rate of 8.4%.
Author of the report, John Morse, noted that the market for hazardous area equipment is highly influ- enced by capital expenditure in the oil and gas indus- try. He said, “Not all orders for any specific project are issued the moment a project is awarded. Orders are scheduled throughout the build, and so have the effect of delaying and smoothing out the demand pattern. “The factors influencing the predicted decline in EMEA growth became clear from interviews conducted during research for the report. During 2011 and 2012, uncertainty of the Euro, the trou- bled economies of some EU countries and politi- cal unrest in parts of the Middle East and North Africa, all resulted in projects being temporarily put on hold. Such factors were forecast to affect orders in 2013, when those projects would nor- mally be in progress.”
Even so, the report concludes that the longer term prospects for hazardous area equipment sales in EMEA look bright. The Euro did not collapse in 2012 and unrest, though still present in some Middle Eastern countries, has not seriously affected world economies. Projects delayed during the latter part of 2012 are predicted to revive during this year, generating the return to greater revenue growth from 2014 to 2016.
www.ihs.com
Improving medical device compliance
RIGEL MEDICAL’S UNI-THERM analyser is being used for improved medical device com- pliance and safety testing at Olympus KeyMed.
Olympus, designer of endoscopy and microscopy products, medical and indus- trial equipment, uses the advanced Uni-Therm for in-ser- vice performance testing of its electrosurgical devices. Twenty Uni-Therm units have been specified to allow automa-
tion of the performance testing of Olympus’s electrosurgical equip- ment. The new testers have enabled engineers working at sites across the UK to accurately mea- sure the performance of each device and complete high fre- quency leakage, high current, power distribution and patient return plate alarm testing. Martin Wallace, head of field service at the Southend-on-Sea- based company, said, “Rigel sup- plies us with a range of high
performance, high quality instru- ments, which provide the engi- neers with convenient, easy to use and accurate testing solutions.
www.rigelmedical.com
In brief...
Zigor is offering the public and educa- tion sectors a discount on its UPS range for the third successive year. Zigor are reducing all their UPS prod- ucts by ten percent to the public sector from 1st May until 30th September with the aim of helping hospitals, schools and councils protect their power.
www.zigor.com/uk
Spelsberg UK has recently moved into a fit for purpose headquarters in Telford. The move will allow Spelsberg to continue its investment in its cus- tomisation services while also doubling the amount of available warehouse space to ensure that lead times are kept to an absolute minimum for nearly all standard parts orders.
Spelsberg’s previous headquarters were also located in Telford, ideally posi- tioned in the midlands for quick delivery across the UK, but with the introduction of new products and continued invest- ment in its CNC customisation and assembly lines, it was felt that the com- pany’s rapid expansion would best be supported with larger facilities.
www.spelsberg.co.uk
Intertek has announced the opening of a new hazardous area competency vali- dation centre in Grangemouth, Scotland, offering CompEx units Ex12 ‘Application Design Engineers’ and Ex11 Mechanical. Intertek’s Talban Sohi said, “We are pleased to open this new competency validation centre in the heart of the oil and gas community. Ensuring staff competen- cy in hazardous locations is key to our clients reducing risk and protecting the integrity of their facilities and operations.”
www.intertek.com
Enter 4
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44