SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Remote Firing Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 6; Released: April 2021 Executive Pool: 422 Companies: 17 - Players covered include Austin Powder Company; BlasterOne EOD Equipment, Inc.; Detnet South Africa (Pty) Ltd.; DynITEC GmbH; IDEAL Industrial Explosives Ltd.; MAS Zengrange Ltd.; Orica Mining Services; Solar Industries India Ltd.; TAMAR Explosives and Others. Coverage: All major geographies and key segments Segments: Application (Mining & Quarrying, Road Construction, Construction, Military); Initiating Devices (Detonators, Initiation Systems) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Remote Firing Systems Market to Reach $557.1 Million by 2026Amid the COVID-19 crisis, the global market for Remote Firing Systems estimated at US$478 Million in the year 2020, is projected to reach a revised size of US$557.1 Million by 2026, growing at a CAGR of 2.5% over the analysis period. Detonators, one of the segments analyzed in the report, is projected to record a 2.8% CAGR and reach US$387.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Initiation Systems segment is readjusted to a revised 1.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $145.6 Million in 2021, While China is Forecast to Reach $97.5 Million by 2026The Remote Firing Systems market in the U.S. is estimated at US$145.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$97.5 Million by the year 2026 trailing a CAGR of 2.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 1.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR. More
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SOURCE Global Industry Analysts, Inc.