Pune, India -- (SBWIRE) -- 06/25/2018 -- 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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Hazardous Area Equipment Global Market - Competitive Analysis

The market of hazardous area equipment appears to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.

Regional Analysis

The regional analysis of Hazardous Area Equipment Market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. APAC and North America are the major markets for hazardous area equipment. A significant number of prominent oil & gas and mining industries, which are highly prone to explosive environments, are based in North America and APAC. Europe market in 2016, owing to major hazardous area equipment manufacturing companies based out here. This region is expected to grow further in the coming years of the hazardous area equipment market due to the equipment are being used in Hazardous areas is under constant threat of causing an explosion even at the occurrence of slight spark. So, to overcome such risks hazardous area equipment is installed which can inhibit or prevent possibilities of such explosions. This equipment limits/ restricts the explosion thereby reducing the impact of the explosion.

Segments:

The global Hazardous Area Equipment system market has been segmented on the basis of Product, Connectivity Service, end -users and region.

Hazardous Area Equipment System Market by Product:

- Lighting Products
- Sensors
- Fire Alarms/Call Points
- Cable Glands and Accessories
- Process Instruments
- Industrial Controls
- Motors
- Strobe Beacons
- Visual and Audible Combination Units
- Others

Hazardous Area Equipment System Market by Connectivity Service:

- Wired
- Wireless

Hazardous Area Equipment System Market by End-User:

- Automotive and aerospace
- Pulp & Paper
- Steel & Metal
- Oil & Gas
- Chemical & Pharmaceutical
- Food & Beverages
- Energy & Power
- Mining
- Others

Hazardous Area Equipment System Market by Regions:

- North America
- Europe
- APAC
- Rest of the World

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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