Emergency Response System Towers Market By Type (Waist Type, Guyed V Type, Others), By Application (Oil & Gas, Marine, Others) - Growth, Future Prospects, And Competitive Landscape, 2019-2027

Rising demand for high security at oilfields to bolster the overall demand

When the transmission line faces a power disruption, time is of the essence. The systems of emergency response must be ready to go. The light tower is an emergency response system tower, an essential part of preparedness for emergency response. ERS as a product provides the manufacturing units with production work, and its deployment ensures minimal power cuts when tower failures occur. Thus, the losses of interruption of the businesses are brought down. The temporary restoration can be attained in two to three days after the collapse of the transmission line tower / s instead of the various weeks compulsory for stable restoration. It is possible to take up the permanent restoration later or concurrently.

Market Synopsis

Oil & Gas to dominate the global market throughout 2027

In terms of application, the oil & gas segment led the global ERS towers market in 2018 by accounting for more than 45%. This is due to the increasing demand for safety at oil & gas refineries and drilling sites. Rising penetration of ERS towers across oil fields in order to comply with safety norms led by several governmental and non-governmental authorities is anticipated to drive the growth of this segment. Furthermore, increasing oil & gas drilling activities, especially in North America and Asia-Pacific, are expected to drive the global ERS towers market. The marine segment held the second-largest share in 2018 and is anticipated to witness considerable growth over the forecast period. Rising governmental support to enhance the overall safety & security in marine applications is expected to drive the growth of this segment.

The Asia Pacific registered a considerable growth rate.

Due to the increasing focus on energy management and technological advances, Asia-Pacific is expected to record a significant growth rate in the ERS towers market over the forecast period. The growing Asia-Pacific oil & gas drilling activities, especially in China, are increasing the need for ERS towers in this region. Major firms like Lindsey are also planning to open their facilities in China for their growing businesses, mainly due to the low manufacturing and labor cost. In addition to China, other countries, viz. Japan is expected to lead the ERS towers market with its primary colocation marketplaces in Osaka, Tokyo, Indonesia, and Nagoya. These countries boost the growth of the market for power connectors. North America dominated the market in 2018 and is anticipated to maintain its dominance throughout the forecast period owing to an established electrical industry as well as a rising focus on the safety and security of the electrical ecosystem. Countries such as U.K. and Germany are anticipated to drive the European ERS towers market.

Some key manufacturers operating in the global power connectors market include SBB, Lindsey, Mannvit Engineering, RodaSpA, SJS Inc., and GAM Industrial Company.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The gaming laptops market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global emergency response system towers market-based on application, type, and geography. Key segments covered in the report are as follows:

Segmentation Type Segment (2017–2027; US$ Bn)

• Waist Type
• Guyed V Type
• Others

 Application Segment (2017–2027; US$ Bn)

• Oil & Gas
• Marine
• Others

 Geography Segment (2017–2027; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Unique data report

• Key growth factors, chimpactlenges, and current trends pertaining to the global market
• Major strategies adopted by market giants
• Qualitative analysis through SWOT and industry chain analyses
• Comprehensive quantitative analysis of key segments and regions

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