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Shale Gas Opportunities Set the Market Ablaze
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North America is vigorously expanding its oil and gas and mining sectors. The shale gas boom has set the market ablaze, calling for increased explosion proof motors in downstream applications. The total North American explosion proof motors market revenue is expected to increase during the forecast period, but there are major restraints to the market that could slow this growth. Both key market drivers and restraints are discussed in this research service, along with forecasts. The market is further examined at the product segment level, which includes low-voltage and medium-voltage explosion proof motors. In addition, the analysis covers eight major end-user segments. The base year is 2011 and forecasts run through 2018.
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