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Hazardous Area Equipment Global Market - OverviewThe 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.
Hazardous Area Equipment Market - Segmentation
The analysis has been segmented into four key dynamics for the better scope: -
• By Product: Process Instruments, Industrial Controls, Motors, Strobe Beacon, Lighting Products, and Sensors among others.
• By Connectivity Services: Wired and Wireless
• By End-user: Automotive & Aerospace, Government & Defense, Steel & Metal, Oil & Gas, Chemical & Pharmaceutical, Food & Beverages, Energy & Power, Mining and others.
• By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World.
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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.
Hazardous Area Equipment Market - Regional Analysis
Globally, Europe being a leading player in the automation accounts for the largest market for hazardous area equipment. Factors such as the flourishing manufacturing sector drive the market growth in the region. Implementation of the legislation governing the hazardous area equipment requirements in Europe such as Machinery Directive 2006/45/EU supports the growth of the market in the region.
The North American region is another lucrative and substantially large market for hazardous area equipment. The growing uptake of advanced technologies alongside the growing demand for safety features drive the growth of the regional market. Industries in this region create opportunities for the market to grow colossally during the assessment period. The US accounts for the largest market in the region. Also, the presence of prominent players is a key driving force behind the growth of the regional market.
The Asia Pacific is emerging as a profitable market for hazardous area equipment due to continuous growth in technologies and the presence of several manufacturers. China is one of the significant markets in the region. Increasing awareness about technological developments is a key driving force driving the demand in the APAC market.
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.
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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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 88898668