The 2023-2028 World Outlook for Process Safety Systems Hardware

The 2023-2028 World Outlook for Process Safety Systems Hardware

This study covers the world outlook for process safety systems hardware across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers process safety systems hardware as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for process safety systems hardware is 3313163. It is for this definition that aggregate latent demand estimates are derived. Process safety systems hardware is specifically defined as follows:

3313163 Aluminum extruded and drawn pipe and tube

33131631 Extruded and drawn aluminum tube

331316311 Hard alloy pipe and tube, 2000 and 7000 series

331316313 Soft alloy pipe and tube, alloys other than 2000 and 7000 series

3313163101 Extruded and drawn aluminum tube, alloys other than 2000 and 7000 series

3313163106 Extruded and drawn aluminum tube, alloys in 2000 and 7000 series

33131631101 Seamless pipe and tube, hard alloy

33131631102 Hard alloy pipe and tube other than seamless

33131631301 Seamless pipe and tube, soft alloy

33131631302 Soft alloy pipe and tube other than seamless