Sarasota, FL -- (SBWIRE) -- 12/11/2018 -- Global Hazardous Area Sensors Market: Overview

The operation of electrical gear in dangerous or hazardous areas has been a significant issue since the beginning of the twentieth century. Due to the need to achieve precision and security in unstable zones and the implementation of governmental rules worldwide, the hazardous area sensors have got a significant lift all through the years. In spite of these sensors' existence for a significant time, the number of key players operating in the hazardous area sensors market is limited. Alternatively, the number of manufacturers providing raw material to suppliers is relatively high.

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Global Hazardous Area Sensors Market: Growth Factors

The major growth driver in the global hazardous area sensors market is the rising intrinsic safety's importance in various manufacturing units, such as paint manufacturers, chemical plants, textile mills, oil refineries, etc. The global development of various end-use industries, such as fertilizer, waste and sewage management, pharmaceutical, chemical, healthcare, is anticipated to contribute to the expansion of the market for hazardous area sensors in the upcoming years. In addition to the increasing prominence of intrinsic safety, the implementation of strict government rules and regulations across the globe has enforced several companies to use hazardous area sensors in their business operations. The U.S., UK, Germany, Canada, Austria, France, Switzerland, and the Netherlands are some countries that have set up ratings, special standards, and certifications for sensor safety. Furthermore, growing exploration to find new gas fields and the rising demand for shale and coal gas is positively impacting this global market's growth.

The financial recession in several countries and the expensive upgrades of the inheritance systems for setting up the latest sensors might limit the expansion of the hazardous area sensors market on a global scale.

Global Hazardous Area Sensors Market: Segmentation

The global hazardous area sensors market is classified into type and application. By type, the market for hazardous area sensors is divided into pressure sensing, gas sensing, current sensing, temperature sensors, and voltage sensing. Based on application, this global market includes fertilizer, waste and sewage management, pharmaceutical, chemical, healthcare, grain storage, mining and metal, oil and gas, power, and others.

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Global Hazardous Area Sensors Market: Regional Analysis

The global hazardous area sensors market is classified into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. The Asia Pacific is likely to lead the market for hazardous area sensors globally in the upcoming years, due to the high economic growth in South Korea and India, the swift growth of different industrial sectors, and the growing significance of intrinsic safety in the majority of industrial verticals. The North American hazardous area sensors market is projected to hold a significant share in the market during the forecast timeframe, owing to the continuous upgrades of the legacy systems and the developments in various industrial sectors, such as healthcare, waste and sewage management, and shale gas exploration. The European region is anticipated to register a sluggish rate of growth in this market, as it is a mature market.

Global Hazardous Area Sensors Market: Competitive Players

Some of the most important market players in the global hazardous area sensors market include Neo Monitors, Servomex Group, Sick AG, Eaton Corporation, ABB Group, Mettler-Toledo International, Honeywell International, Yokogawa Electric Corporation, Siemens, and Endress and Hauser, among others.

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Global Hazardous Area Sensors Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa