Americas oil & gas PPE market: Shale gas revolution increasing demand in the industry
Analysis of the Americas Oil and Gas Personal Protective Equipment Market - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-23 21:42:01
Participants in the Americas oil and gas PPE market range from small companies that focus on a single type of equipment to a few large multinational corporations that manufacture and supply a wide range of sophisticated safety products.The oil and gas industry looks for customized PPE solutions that are integrated with superior service benefits. The recent shale gas revolution promoted heavy investments in the oil and gas industry and have impacted the PPE market demand in North America.The Central and South American market is also moving in the same direction, creating huge opportunities for PPE. The increasing number of greenfield projects in the refining activity has advanced the downstream oil and gas industry.High growth in the oil and gas industry has heavily attracted PPE market attention, with a large number of suppliers specializing in product specifications that meet the needs of the industry.Product differentiation and the establishment of broad distribution networks that offer proximity to customers are expected to be key competitive factors throughout the forecast period.Booming industry outlook and safety awareness and regulations drive revenue growth. Some political and legal pressures on oil and gas corporations threaten revenue growth.The protective clothing, gas detectors, and fall protection product markets will likely exhibit the highest future growth.
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