Hazardous Area Equipment Market 2017
Summary:
Hazardous Area Equipment Market, By Product (Process Instruments, Industrial Controls, Motors, Strobe Beacon, Lighting Products, Sensors), By Connectivity Services (Wired, Wireless), By End-User (Automotive and aerospace, Government and defense, Steel & Metal, Oil & Gas, Chemical & Pharmaceutical, Food & Beverages, Energy & Power, Mining) - Forecast 2023
Key Players
The key players of Global Hazardous Area Equipment Market report include-
- 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)
- STAHL AG (Germany)
- Emerson Electric Co. (US)
The global Hazardous Area Equipment market is expected to grow at USD$ ~8.48 Billion by 2023, at ~7.2% of CAGR between 2017 and 2023.
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Study Objectives of Hazardous Area Equipment System Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Hazardous Area Equipment system market.
- To provide insights about factors affecting the market growth.
- To analyze the Hazardous Area Equipment system market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of Product, Connectivity Service end -users and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Hazardous Area Equipment system market.
Market Synopsis of Hazardous Area Equipment system Market:
Market Scenario:
The Hazardous Area Equipment was valued at USD 6.24 billion in 2016 but it is gaining growth year over year as the work environments are become more challenging. This rapid development in the manufacturing sector is driving the Hazardous Area Equipment Market. The wide usage of cable glands for almost all processes and equipment in the hazardous areas is resulting in the growing demand of these equipment.
The study indicates that the growing focus on increasing safety measures in industries, especially process and cooling industries, is creating a significant demand for flame- and explosion-proof hazardous area equipment such as industrial controls, cable glands, motors, sensors, strobe beacons, lightings, and so on. However, the key factor which is limiting the growth of the hazardous area equipment is that the wireless hazardous area equipment acts as a source of ignition in hazardous areas.
The hazardous area equipment market for the oil & gas industry held the largest market size in 2016 and is expected to grow at the highest CAGR. This market is fueled by the growing application of various hazardous area equipment such as motors, industrial controls, strobe beacons, lighting products
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Table of Contents
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY
3 MARKET DYNAMICS
4 EXECUTIVE SUMMARY
5 MARKET FACTOR ANALYSIS
6 HAZARDOUS AREA EQUIPMENT MARKET
7 COMPANY PROFILES
Continued…….
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