To generate Global Hazardous Area Equipment Market research report, certain steps have been followed for collecting, recording and analysing the market data. The report gives thorough investigation of current scenario of the universal market, which takes into account several market dynamics. This market report supports to find out the general market conditions and tendencies. The statistical and numerical data in the report is interpreted with the exploitation of established and advanced tools such as SWOT analysis and Porter’s Five Forces Analysis. The tables, graphs and charts used in whole report gives the clear and better understanding of facts and figures.
Global Hazardous Area Equipment Market is expected to reach USD 36,568.28 Million by 2025 and is projected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Some of the major players operating in this market are Honeywell International, Inc., ABB Ltd, Rockwell Automation, Inc, Eaton Corporation PLC, Emerson Electric & Co., Patlite Corporation, Potter Signal Co, Qunitex GmbH, Pepperl+Fuchs, Inc., Stahl Ag, Cortem Group, Marechal Electric among others.
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Global Hazardous Area Equipment Market, By Product (Cable Glands and Accessories, Lighting, Barrier Products, Industrial Controls, Display Products, Enclosures, Motors, Strobe Beacons, Sensor), By Connectivity (Wireless, Wired), By Industry (Oil & Gas, Chemical, Marine & Shipbuilding, Power & Energy, Metals & Mining, Pharmaceutical, Food & Beverage, Rubber & Plastics, Water & Waste Treatment, Military & Aerospace), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
The major factors driving the growth of this market are increasing industrial safety measures and technological advancements in led lighting solution. On the other hand time-consuming and expensive inspection and maintenance may hinder the growth of the hazardous area equipment market.
The report for global hazardous area equipment market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Drivers and Restraints:
- Technological advancements in lighting solutions
- Increasing industrial safety measures
- Acts as a source of ignition in hazardous areas
- Time-consuming and expensive inspection and maintenance
The global hazardous area equipment market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Hazardous area equipment market is dominated by Honeywell International Inc. accounting for a highest market share in 2017, followed by ABB Ltd, Siemens Ag among others.
HONEYWELL INTERNATIONAL, INC.:
Founded in 1906 and headquartered in New Jersey, U.S. Honeywell international Inc. manufactures commercial and consumer products. The company operates in aerospace, home and building technologies, performance materials & technologies and safety & productivity solutions business segments. The company offers its products in different industries including professionals, aerospace, vehicles, buildings, industrial, oil and gas, safety, manufacturing, footwear, vehicles, security and productivity. Hazardous area equipment falls under manufacturing and industrial control category.
Some of the company’s subsidiaries are Honeywell Security (U.S.), UOP LLC (U.S.), RAE Systems (U.S.), Tridium, Inc., Alerton (U.S.), Novar Controls (U.S.) among others. The Company’s principal research and development activities are in the U.S., India, Europe and China. The company operates in United States, Europe and other international regions..
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Incorporated in 1999 and headquartered in Zurich, Switzerland. ABB Ltd. is engaged in power and automation business. The company offers its products in four business segments namely electrification, robotics and motion industrial, automation and power grids. The hazardous equipment products are available in electrification segment. The company offers products to aluminum, automotive, buildings, cement, chemical, data centers, food and beverage, life sciences, marine and ports, metal, mining, oil and gas, power distribution, power generation, power transmission, printing, process automation, pulp and paper, railway and solar power & water.
Founded in 1847 and headquartered in Munich, Germany. Siemens AG is engaged in the manufacturing, production and supply of systems for power generation, power transmission, and medical diagnosis. It operates through the following segments: power and gas; energy management; building technologies; mobility; digital factory; process industries and drives; healthcare; and financial services. The company offers hazardous area equipment’s through building technologies segment in industrial control product category. The company offers its product and service to aerospace, automotive manufacturing, battery manufacturing, chemical industry, cement, cranes, data centers, food & beverage, glass industry, machinery and plant construction, marine, mining industry, municipalities and DSOS, oil & gas, power utilities, tire industry, transportation and logistics, water industry and wind industry. The company is certified with the quality system ISO 9001, ISO 14001 and OSHAS 18001.
A Hazardous Area Equipment are the equipment is stated as an area that has an explosive atmosphere, may have expected to be, such areas require special precautions in order to avoid any ignition sources. Many approaches can be made to avoid destructions out of hazardous areas, such as confining the area; isolating the area reduces the risk of accident.
On the basis of product type:- cable glands & accessories, process instruments, industrial controls, motors, strobe beacons, lighting products, sensors, bells & horns, fire alarms/call points, speakers & tone generators, visual & audible combination units.
On the basis of connectivity service:- wired connectivity service, and wireless connectivity service.
On the basis of application:- Oil & gas, chemical & pharmaceutical, food & beverage, energy & power, mining, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
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