Hazardous Area Equipment Global Market – Overview
The global hazardous area equipment market is growing with the rapid pace is mainly due to rise in increasing adoption of safety measures in manufacturing industries, are propelling the hazardous area equipment market growth to the large extent. According to a recent study report published by the Market Research Future, The global market of hazardous area equipment is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017-2023.
Key Players
The prominent players in the Hazardous Area Equipment system Market are –Siemens AG (Germany), NHP Electric Engineering Products (Australia), Honeywell International Inc. (US), PATLITE Corporation (US), Eaton Corporation Plc (US), Rockwell Automation (US), E2S Warning Signals (US), ABB Ltd. (Switzerland), R.STAHL AG (Germany) and Emerson Electric Co. (US) among others.
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Industry News:
March 14, 2018 – Larson Electronics LLC has released a powerful explosion proof strobe light. This company is global provider of industrial lighting. With this light, the company is providing solution of notifying and warning in hazardous locations.
March 19, 2018 – Weststar Associates Limited, an Authorized General Distributor of Mercedes-Benz in the Federal Republic of Nigeria, has launched Atego 1725 fire fighting truck which deals with fire fighting operations along with proven technology to fight with large flammable liquid and gas fires.
09 FEBRUARY 2018 – JT Limited has launched their new CompEx module. This product offers standards and safety requirements of working in Hazardous areas to employees.
23 May 2017– Intertek has launched nanotechnology-based antistatic surface coating that can be helpful in providing protection against damage from UV radiation, field-based control and instrumentation equipment in the oil and gas industries especially in hazardous area.
Hazardous Area Equipment Global Market – Segmentation
The Hazardous Area Equipment Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Product: Lighting Products, Sensors, Fire Alarms/Call Points, Cable Glands & Accessories, Process Instruments, Industrial Controls, Motors, Strobe Beacons, Visual & Audible Combination Units and others.
- Segmentation by Connectivity Service: Wired, Wireless.
- Segmentation by End-User: Automotive & aerospace, Pulp & Paper, Steel & Metal, Oil & Gas, Chemical & Pharmaceutical, Food & Beverages, Energy & Power, Mining among others
- Segmentation by Regions: Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Hazardous Area Equipment Global Market – Regional Analysis
North America is dominating the global hazardous area equipment market with the largest market share due to rapid development in the manufacturing sector is gaining demand in hazardous area equipment market in these region, and is expected to gain growth by 2023. Global hazardous area equipment market in European market is expected to grow at a substantial high CAGR during 2016 to 2023 due to various kind of equipment which are used in hazardous areas that can cause threat or explosion. The Asia Pacific market for hazardous area equipment market is expected to grow at a considerable CAGR (2016-2023).
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Intended Audience
- Raw material providers
- Original equipment manufacturers
- Semiconductor component suppliers
- Hazardous area equipment distributors
- Software solution providers
- Connectivity Service providers for hazardous equipment
- Research institutes and organizations
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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