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Report: Industrial Fire Safety Equipment Market To Grow 7% By 2020

LONDON — Technavio analysts forecast the global industrial fire safety equipment market to grow at a CAGR of a little over 7 percent during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global industrial fire safety equipment market for 2016-2020. APAC, EMEA and the Americas are the key regions of the market, which have been considered in the scope of the report.

According to Gaurav Mohindru, a lead analyst at Technavio for research on engineering tools, “The Middle East, which has an extensive presence of high-risk industrial sectors like oil and gas production and refining, is incorporating advanced technologies to tackle unforeseen fire and safety hazards. Across the Middle East, countries are integrating drones into their homeland security systems to fight fires and other disasters in high-risk industrial areas. These innovations may be integrated with the conventional industrial firefighting equipment in the near future.”

Technavio analysts highlight the following three factors that are contributing to the growth of the global industrial fire safety equipment market:

  • Outdated infrastructure in oil and gas sector
  • Redefined industrial safety codes and regulations
  • Anticipation of future scenarios using fire protection analysis

Outdated infrastructure in oil and gas sector

The oil and gas industry is considered to be most dangerous and hazardous industry. The history of fire accidents in the industry has shown that careless actions have, many a time, led to catastrophic consequences.

For instance, 27 people were killed and 73 injured in an explosion at Algeria’s Skikda LNG plant in 2004; the cause was a leakage of a large quantity of gas from a cold box exchanger that ignited when it was fed into the boiler.

This accident was in the downstream sector. In the oil and gas industry, the upstream sector, especially offshore drilling sites where many rigs manufactured before the 1970s are still in operation, constitutes the largest source of fires. The major concern thus lies with the downstream sector.

The majority of the oil rigs are in the US, which has more than 3,000 operational rigs with 98% of the machinery being in operation for more than 30 years.

These oil rig platforms are mostly equipped with traditional fire safety systems. After incidents like BP Macondo in 2010, the US government and the Coast Guard made it mandatory to install upgraded fire safety systems. The use of outdated machinery and fire safety systems will increase the demand for new fire safety equipment in the sector, thus boosting the growth of the market.

Redefined industrial safety codes and regulations

The development of new codes is in the process of initiation in many industries to ensure the safety of the work environment. The first step in such a development is conducting rigorous fire protection and operational analysis. The National Fire Protection Association (NFPA) is a US-based agency that coordinates with the community for fire protection to improve the efficiency of firefighters and provides a clear understanding of real-life fire accident scenarios. By doing so, the agency aims to develop the tactics and procedures needed for safe operations during accidents. Most industries like chemical, oil and gas and other prominent process industries are also upgrading their infrastructure with widely-used fire detection and suppression systems.

Anticipation of future scenarios using fire protection analysis

Earlier, a fire safety system in an industrial facility was installed with the primary aim of dealing with accidents after such situations had occurred. They were not designed to meet the future demands or circumstances. The number of equipment installed in a facility were insufficient not only in terms of the size of the facility but also with regard to the potential threats.

Codes relevant to industrial design are now updated based on rigorous and sophisticated testing standards rather than relying on traditional safety procedures.

For instance, the NFPA 2: Hydrogen Technologies Code governs standards for hydrogen equipment that is based on calculated flame hazards, which are caused by the system pressure and volume. The previous NFPA versions had regulations relating to standardized setback distances, which were calculated based on the exposure.

*Original article is from IndDist.com*

Check out HEC Distribution’s line of fire safety equipment today.

Right Product. Great Price. Goals Met.

 

 

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Home Depot, Lowe’s Report Strong Growth To Professional Customers

 

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(FILES)A Home Depot store is seen in this March 28, 2013 photo in Silver Spring, Maryland. Home improvement retailer Home Depot boosted its forecast for the year on August 20, 2013, crediting the recovery in the housing sector for a 17.2 percent jump in quarterly profits. Net earnings for the second quarter ended August 4 came in at $1.8 billion on revenues of $22.5 billion, up from $1.5 billion on revenues of $20.6 billion a year ago. The results translated into per-share profits of $1.24, three cents above analyst forecasts. AFP PHOTO/Jewel SamadJEWEL SAMAD/AFP/Getty Images

Home Depot and Lowe’s — the two largest home improvement centers in the country — say they have increased sales to professional customers by double digits and are targeting them by offering better credit terms, flexible deliveries and on-line transactions. The growth seems to indicate both companies will continue to seek professional (pro) customers and MRO buyers, a direct shot at construction and industrial distributors.

Distributors should note the steps that these two giant companies are taking to capture a higher share of the pro construction market. Both are adding products to their pro business lines as well offering a number of new services, making it easier for their pro customers to order and receive supplies.

“We continue to strengthen our pro business, driving comps well above the company average, by further advancing our products and services offering to better serve the pro customer,” said Lowe’s COO Ricky Damron during the company’s Q1 earnings conference call.

Lowe’s has been developing an omni-channel approach to serve its pro customers. One of those strategies is using Account Executive Pro Services (AEPs). AEPs work with larger regional customers to have them order and replace products across multiple geographies and locations.

“Our AEPs are a key component of our strategy to grow our business with larger pro customers,” Damron said during the earnings call.

Lowe’s has more than 180 Pro outside representatives in the field and says it has experienced great success with the program as grows sales in AEP comp sales. The company expects to add more AEPs to create additional opportunities to reach pro customers.

Damron also says that Lowe’s is using a targeted marketing approach aimed at the professional customer and conducting special buying events for them to drive awareness and generate new business.

“We have been pleased with these results in driving both incremental purchases with existing pro customers and increasing relationships with new customers,” Damron said.

Meanwhile, Home Depot has taken several steps to grow its pro business and sales to that segment are reported to be outpacing the company’s average.

The company is offering pros private label cards that have extended terms, special return policies and other steps that are leading to a substantial number of new accounts, higher than what HD had originally anticipated.

Home Depot also recently designed and tested a pilot plan to deliver products faster and more efficiently to pro customers. The company says that it was encouraged with initial sales and it has since expanded into additional markets such as Atlanta, GA.

“We saw a pretty substantial increase in the customer option to choose delivery and we’re seeing double-digit growth,” said Craig Menear, chairman, CEO and president of Home Depot in a call with analysts following release of the company’s Q1 earnings.

The company offers flexible delivery to contractors seven days a week and next day delivery on in-stock items. It also offers contractors the ability to order on line and pick up orders in two hours, as well as beneficial credit terms and fuel discounts.

Menear also said Home Depot expects to see more growth in MRO sales due to its acquisition of Interline Brands, one of the largest industrial distributors in the country.

“The Interline integration is progressing nicely,” he told financial analysts. “We continue to move forward on a number of exciting sales driven initiatives, and we have outlined a path to truly realize the value of the Interline acquisition and the total pro opportunity over the next 18-to-24 months.”

Home Depot acquired Interline Brands last July for $1.63 billion. The acquisition was designed to help HD sell more supplies to customers in the building and maintenance profession. The company is pleased with the collaboration within its sales organization as they jointly attack end user professional markets.

Home Depot says it currently has a small percentage of sales in building and maintenance and Menear said “we think there’s lots of opportunity to grow.”

After releasing its quarterly results, Home Depot raised its fiscal 2016 sales guidance and now expects sales will be up approximately 6.3 percent and comp sales will be up approximately 4.9 percent.

Lowes’ RONA Acquisition Approved

In addition, Lowe’s is expanding its reach and has has received regulatory approval for its huge $2.3 billion purchase of RONA, its large competitor in Canada.

In Mid-May, Lowe’s received approval from Canadian regulatory authorities for its $2.3 billion acquisition of large competitor RONA, a leader in Canada’s home improvement and renovation retail market. The transaction was approved by RONA’s shareholders in March, but was subject to approval by regulators in the U.S. and Canada.

RONA, with its headquarters in Boucherville, Quebec, has approximately 500 corporate and independent affiliate dealer stores and nine hardware and construction material distribution centers. The company has more than 17,000 employees in corporate stores and over 5,000 employees in the stores of its independent affiliate dealers.

Lowe’s has 42 stores in Canada and virtually no presence in Quebec, a province that accounts for about 23 percent of the country’s population. RONA has a dominating presence as the home improvement market retailer.in Quebec.

Lowe’s had attempted to buy RONA four years ago, but the deal failed to go through, largely because of political backlash in Quebec.

 

*Originally posted on IndDist.com*

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U.S. Industrial, Manufacturing Output Rebound In April

Industrial production increased 0.7 percent in April after decreasing in the previous two months. Manufacturing output rose 0.3 percent after declining the same amount in March. The index for utilities jumped 5.8 percent in April, as the demand for electricity and natural gas returned to a more normal level after being suppressed by warmer-than-usual weather in March. Mining production fell 2.3 percent in April, and it has decreased more than 1 1/2 percent per month, on average, over the past eight months. At 104.1 percent of its 2012 average, total industrial production in April was 1.1 percent below its year-earlier level. Capacity utilization for the industrial sector increased 0.5 percentage point in April to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972–2015) average.

Market Groups

The indexes for all major market groups either increased or were unchanged in April. The rise in the output of utilities contributed significantly to gains in the indexes for consumer goods, business supplies, and materials through their energy components. Among consumer goods, the output of durables rose 1.3 percent, and the production of non-energy nondurables moved up 0.3 percent. The increase for non-energy nondurables reflected gains for foods and tobacco and for chemical products that were partly offset by decreases for clothing and paper. The production of business equipment advanced 0.8 percent, mostly because of a sizable increase for industrial and other equipment. The indexes for defense and space equipment, construction supplies, and non-energy business supplies were little changed. The output of non-energy materials moved up 0.1 percent as a result of an increase in its durable component; the production of nondurable materials edged down.

Industry Groups

Manufacturing output increased 0.3 percent in April. The production of durables rose 0.6 percent; the largest gains were recorded by machinery and by motor vehicles and parts, with increases of about 2 1/2 percent and 1 1/4 percent, respectively. Only a few durable goods industries posted declines, with the largest, about 1 1/4 percent, for primary metals. The output of nondurable manufacturing was unchanged in April, as gains in the indexes for food, beverage, and tobacco products and for plastics and rubber products offset declines for nearly all of the other industries. The output of other manufacturing (publishing and logging) declined 0.4 percent.

The drop of 2.3 percent for mining in April reflected substantial cutbacks in oil and natural gas extraction as well as reductions in coal mining and in oil and gas well drilling and servicing. The index for coal mining has fallen nearly 40 percent over the past 12 months. The increase of 5.8 percent in the output of utilities was its largest since February 2007, when it leapt 6.2 percent. In April, electric utilities and natural gas utilities expanded 5.4 percent and 9.3 percent, respectively.

Capacity utilization for manufacturing increased 0.2 percentage point in April to 75.3 percent, a rate that is 3.2 percentage points below its long-run average. The operating rate for durables increased 0.4 percentage point, while the rates for nondurables and other manufacturing (publishing and logging) edged down. The operating rate for mining dropped to 72.5 percent, the lowest rate over the history of this series, while capacity utilization for utilities jumped 4.2 percentage points to 78.6 percent.

 

Original article posted at IndDist.com.

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Amazon Doubles U.S. Cargo Plane Fleet

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Amazon.com is doubling its fleet of U.S. cargo planes as it continues to expand its internal shipping operations.

The Wall Street Journal reports that the e-commerce giant reached an agreement to lease 20 Boeing 767 jets from Atlas Air Worldwide.

Atlas Air Inc. crew will operate the 20 planes for Amazon — and provide maintenance and insurance — for a period of seven years. The Journal added that the agreement also could include leases of planes alone from fellow Atlas subsidiary Titan Aviation.

Atlas said Amazon would receive warrants to acquire up to 30 percent of the company — 20 percent in the first five years and 10 percent over seven — at which point Amazon could also take a seat on the Atlas board.

The deal follows an agreement earlier this year for Amazon tolease 20 767 jets from Air Transport Services Group and operate out of a former DHL hub in Wilmington, Ohio. Amazon officials told the Journal that that additional planes would bolster rapid delivery of products to its Prime customers.

Amazon, which dealt with delivery delays among its conventional parcel contractors, took numerous steps in recent months to assume additional control over its transportation network.

The company bought thousands of truck trailers for its U.S. shipping network and took over a French parcel company last year, and recent reports said Amazon officials discussed thepurchase of a financially troubled airport in Germany.

Amazon also made initial forays into the ocean-borne cargo market — a step toward the reported launch of a global supply chain platform. Eventually, analysts believe Amazon could begin competing directly with conventional delivery companies.

 

  • Article originally posted at http://www.inddist.com/news/2016/05/amazon-doubles-us-cargo-plane-fleet.
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March U.S. Non-Res Construction Up 1.6% From 2015

Non-residential construction starts increased 18 percent from February to March in the U.S., according to a new report (see below) from construction data provider CMD. March’s new construction total, $28.5 billion, was 1.6 percent higher than March 2015.

Year-to-date starts have increased 9.8 percent compared to January-to-March in 2015. In addition, year-over-year employment in construction in March increased 4.7 percent, two-and-a-half times as fast for all jobs in the economy.

Among the major type-of-structure categories, commercial and heavy engineering increased 11.3 and 20.7 percent respectively, and institutional starts increased by 27.2 percent. Comparing March 2016 to March 2015, institutional starts have seen the biggest increase, by 37 percent.

imageAdditionally, the jobless rate in construction in March was 8.7 percent, decreasing from 9.5 percent in March of 2015.

 

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Don’t put off your solar power investments, there’s money to be saved

If you continue putting off your investment in solar power your potential energy and money savings are virtually guaranteed to eventually get eclipsed by your utility bills.

imageGranted, cost efficiency has long been one of the most challenging impediments standing in the way of solar panel kits achieving mainstream feasibility, but the solar energy industry is enjoying some exceptional technological breakthroughs bolstered by increased investor and government support.

Solar power technology was basically in a holding pattern in the decades leading up to just the last few years, failing to offer consumers much at all in the way of proper incentive, falling drastically short of providing a reliable, day-to-day and efficient means of harnessing a sufficient amount of the sun’s energy gifting rays. Unfortunately, this cast a stigma on the solar power industry, contributing to a deficiency in manufacturer interests and investor confidence. However, our solar-energy development technology is now surging forward at an unprecedented pace. In fact, solar power is the most rapidly developing power-generation technology around the globe!

Solar energy researchers and manufacturers are now able to see further into a very sunny future because of the shoulders of the solar-energy giants upon which they stand. Now, each new development promotes the exponential growth rate of solar energy technology capabilities. This progressive development equates to more powerful solar panel equipment accompanied by consistent improvements in efficiency and reliability. And it’s these elements that have a major impact on the cost of solar panel kits.

This means that you can now pay less and get more. For example, the power output demonstrated by imagethe most recent generation of solar technology demonstrated an annual average increase of 60 percent, boasting an improvement of 118 percent from 2009’s output.

Furthermore, you’re afforded an even greater degree of confidence in your investment through increased government involvement, incentives, legislature and even law. A prime example of this was established in 2011 when the California State Senate passed into law the monumental Renewables Portfolio Standard (RPS) or the 33 percent RPS law. This law mandates that all California electric utilities will provide at least a third of their electricity from clean, secure, renewable sources, such as the wind and sun by the year 2020. This is exceptional news even if you’re not a California resident because such an influential state has now set precedence and created a model for other states to adopt, creating a down-hill momentum so to speak.

As new accomplishments continue to break through once unfathomable boundaries throughout the solar-technology industry, your options for different solar panel kits continue to grow along with them. In addition, it’s essential to keep in mind that a key element regarding solar power kits is front-end expenses versus. This is an ideal opportunity to spend more now to save and even earn more later.

Let HEC Distribution source your projects at great competitive prices!

Right Products. Great Price. Goals Met.