Hazardous Area Equipment Market Research Report- Global Forecast 2027

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 2027

ID: MRFR/SEM/2448-HCR | February 2021 | Region: Global | 100 pages

Market Overview


In 2016, the Global Hazardous Area Equipment Market had achieved USD 6.24 billion market revenue. Moreover, the global market has predicted to receive a ~7.2% CAGR by the year 2017 to 2023 forecast period. Further, the Hazardous Area Equipment Market has a prediction to increase at USD$ ~8.48 Billion by the end of the year 2023.


The increasing market value over the years can be challenging for the work surrounding the regions. The Hazardous Area Equipment Market has enhanced its growth with the frequent development in the manufacturing sector. Moreover, the Hazardous Area Equipment Industry is increasing its demand due to the requirement over the equipment in the hazardous areas and the cable glands usability for all processes.


The Global Hazardous Area Equipment Market is offering various equipment such as motors, lightings, industrial controls, cable glands, sensors, strobe beacons, and many others to the manufacturers and industrialists. According to the Hazardous Area Equipment Market Report, the global market is in more demand because of the increasing demands over the cooling and process industries' safety measures. In hazardous areas, the wireless equipment can be an ignition source that can be a restraint for the Global Hazardous Area Equipment Market growth.


In 2016, the oil & gas industry had increased the Hazardous Area Equipment Market Size, and in the future, it has predicted to grow the market size and value. The global market has enhanced its growth with various applications across the regions, such as strobe beacons, lighting products, motors, industrial controls, and many others.


The Hazardous Area Equipment Market Report has highlighted the overall global market growth, sizes, and values by the end of the year 2023. Along with that, the COVID-19 impact on Hazardous Area Equipment Market has also been highlighted. The growth and opportunities of the market dynamics have been discussed. Moreover, it has explained the Hazardous Area Equipment Market segment overview in concern to the various regions. Further, it has focused on competitive analysis to understand the market competition across the world.


COVID19 Impact Analysis


The Hazardous Area Equipment Market Trends is hampered due to the COVID 19 outbreak like other marketing sectors. The production and the supply chain have been affected as the workforce; transportations were not available. The product delivery system and the financial aspect also affected the Global Hazardous Area Equipment Market.  Various investors have feared to invest in the Hazardous Area Equipment Market as it was running in loss.


As a result, Hazardous Area Equipment Market Report explains that the global market's key players have adopted various techniques and strategies to enhance the market growth and overcome the pandemic situation. In the present context, the global market has successfully taken its stability over the market and increasing its productivity.


Market Dynamics



  • Major Drivers Of the Market


According to the Hazardous Area Equipment Market Report, the global market is in more demand because of the increasing demands over the cooling and process industries' safety measures. The increasing demand for safety measures equipment is the major driving factor the global market growth. Moreover, the cable glands usability for all processes is another driving factor for the global market's growth.


As a result, the Hazardous Area Equipment Industry is increasing its demand to achieve its goal by the end of the forecast year 2023.



  • Opportunities For the Global Market


The oil & gas industry is increasing the Hazardous Area Equipment Market Size that has brought more opportunities for the global market. Moreover, the Hazardous Area Equipment Companies are increasing the product demands, which have grown the global market to spectacular levels.


According to the Hazardous Area Equipment Market Report Analysis, the global market growth opportunity has been increased with better motors, lightings, industrial controls, cable glands, sensors, and strobe beacons. The manufacturing and selling of the global products will increase the Hazardous Area Equipment Market Trends by including more key players in the global market.



  • Market Restraints


The expensive equipment costs can be a restraint for the Hazardous Area Equipment Market. Moreover, the increasing demands over the equipment may lead to delay in delivery of the product can be other restraints in the global market.     


The Hazardous Area Equipment Market Report Analysis has explained that the key players have taken various ideal measures for overcoming these restraints.



  • Market Growth Challenges


The Hazardous Area Equipment Industry requires more area to operate and manufacture the hazardous area equipment and further generates noises that can be major challenges for the global market. Moreover, meeting all the demands over the equipment in all the regions can be another challenge for the global market.


The key players' collaborative efforts are always helpful for the Hazardous Area Equipment Market to beat these challenges.



  • Cumulative Growth Analysis


In 2016, the Global Hazardous Area Equipment Market had achieved USD 6.24 billion market revenue. Moreover, the global market has predicted to receive a ~7.2% CAGR by the year 2017 to 2023 forecast period. Further, the Hazardous Area Equipment Market has a prediction to increase at USD$ ~8.48 Billion by the end of the year 2023.


Thus, the increasing Hazardous Area Equipment Market Share over the years can be challenging for the work surrounding the regions.


Value Chain Analysis


The global products and services generate more market revenues, so the demand for Hazardous Area Equipment Market should increase. The value chain analysis of the products and services gives a proper understanding of the Hazardous Area Equipment Market Size and its value in the global market. With this knowledge, an accurate prediction over the global market growth can be estimated for the forecast period.


The Hazardous Area Equipment Market Report Analysis highlights that various industrialists, specifically cooling and process industries are in need of this hazardous equipment, which is expected to grow the market potentiality in the upcoming years.


Segment Overview



  • By-Products:


The Global Hazardous Area Equipment Market is classified into Industrial Controls, Motors, Strobe Beacons, Visual and Audible Combination Units, Cable Glands and Accessories, Process Instruments, Lighting Products, Sensors, Fire Alarms or Call Points, and others based on the product segmentation.


Varieties of the products have different quality, and the Hazardous Area Equipment Industry is useful for these product verities.



  • By services:


The Global Hazardous Area Equipment Market is classified into wired and Wireless based on the services classification.


The Hazardous Area Equipment Market Report explains that this two-service classification contributes to the overall market growth according to the companies’ requirement over the services.



  • By End-user:


The Hazardous Area Equipment Market is classified into Oil & Gas, Mining, Chemical & Pharmaceutical, Food & Beverages, Automotive and aerospace, Pulp & Paper, Steel & Metal, Energy & Power, and others based on the end-user segmentation.


Hence, the Hazardous Area Equipment Market Size is increasing across the regions with this end-users help.


Regional Analysis


Based on the regional classification, various parts of the world are well aware of the Hazardous Area Equipment Market Trends. The significant regions are Europe, Asia-Pacific, the Americas, and the rest of the world.


During the forecast period, North America and Asia-Pacific are the two regions that are playing an important role in enhancing the Hazardous Area Equipment Market growth. In the future, the global market has aimed to spread its products and services to all the regions remotes parts with the help of more key players.


Competitive Landscape of the Market


The key market players for the Global Hazardous Area Equipment Market are:



  • PATLITE Corporation (US),

  • Eaton Corporation Plc (US),

  • Rockwell Automation (US),

  • Emerson Electric Co. (US),

  • Siemens AG (Germany),

  • NHP Electric Engineering Products (Australia),

  • Honeywell International Inc. (US),

  • E2S Warning Signals (US),

  • ABB Ltd. (Switzerland),

  • STAHL AG (Germany).


For promoting the Hazardous Area Equipment Industry, all the above key players are implying various strategic initiatives.


Recent Developments



  • The global market has predicted to receive a ~7.2% CAGR by the year 2017 to 2023 forecast period. Further, the Hazardous Area Equipment Market has a prediction to increase at USD$ ~8.48 Billion by the end of the year 2023.


Report Overview


The Hazardous Area Equipment Market report has covered market overview, market dynamics, and market segmentations to highlight its services, productions, and functionality in the market. Analysis based upon COVID 19 has been discussed to understand the impact on the global market. Explanation on the value chain analysis has been explained to understand the global markets sizes and values across the regions. Further, Hazardous Area Equipment Market’s regional analysis, competitive landscape analysis, and recent developments have been discussed to highlight the potential in terms of its revenue hike across the regions and competitions.


Segmentation table:


By-Products:



  • Industrial Controls

  • Motors

  • Strobe Beacons

  • Visual and Audible Combination Units

  • Cable Glands and Accessories

  • Process Instruments

  • Lighting Products

  • Sensors

  • Fire Alarms or Call Points

  • Others


By Services:



  • Wired

  • Wireless


By End-users:



  • Oil & Gas

  • Mining

  • Chemical & Pharmaceutical

  • Food & Beverages

  • Automotive and aerospace

  • Pulp & Paper

  • Steel & Metal

  • Energy & Power

  • others



Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :


The renewed policies related to safety are expected to motivate the market in the forecast period.

The revenue worth USD 8.48 Billion is predicted to be gained by 2023 at 7.2% of CAGR.

NHP Electric Engineering Products (Australia), Siemens AG (Germany), Honeywell International Inc. (US), PATLITE Corporation (US) and Eaton Corporation Plc (US) are competing in the market.

The limited budgetary availability for purchase of the equipment is expected to restrict the market.

The APAC and the North American region are expected to drive the market in the forecast period.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE:
1.3.1 GLOBAL HAZARDOUS AREA EQUIPMENT MARKET: BY PRODUCT

1.3.2 GLOBAL HAZARDOUS AREA EQUIPMENT MARKET: BY CONNECTIVITY SERVICE

1.3.3 GLOBAL HAZARDOUS AREA EQUIPMENT MARKET: BY END USER

1.3.4 GLOBAL HAZARDOUS AREA EQUIPMENT MARKET: BY REGION
2 RESEARCH METHODOLOGY

2.1 RESEARCH CONNECTIVITY SERVICE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 HAZARDOUS AREA EQUIPMENT MARKET

6.1 INTRODUCTION

6.2 MARKET STATISTICS
6.2.1 BY PRODUCT
6.2.1.1 LIGHTING PRODUCTS

6.2.1.2 SENSORS

6.2.1.3 FIRE ALARMS/CALL POINTS

6.2.1.4 CABLE GLANDS AND ACCESSORIES

6.2.1.5 PROCESS INSTRUMENTS

6.2.1.6 INDUSTRIAL CONTROLS

6.2.1.7 STROBE BEACONS

6.2.1.8 VISUAL AND AUDIBLE COMBINATION UNITS

6.2.1.9 OTHERS
6.2.2 BY CONNECTIVITY SERVICE
6.2.2.1 WIRED

6.2.2.2 WIRELESS

6.2.2.3 OTHERS


6.2.3 BY END-USER
6.2.3.1 AEROSPACE & DEFENSE

6.2.3.2 PULP & PAPER

6.2.3.3 STEEL & METAL

6.2.3.4 TRANSPORTATIONS

6.2.3.5 FOOD & BEVERAGES

6.2.3.6 CHEMICAL & PHARMACEUTICAL

6.2.3.7 ENERGY & POWER

6.2.3.8 GOVERNMENT

6.2.3.9 OTHERS

6.2.4 BY REGION
6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPANY PROFILES

7.1 SIEMENS AG (GERMANY)

7.2 NHP ELECTRIC ENGINEERING PRODUCTS (AUSTRALIA)

7.3 HONEYWELL INTERNATIONAL INC. (US)

7.4 PATLITE CORPORATION (US)

7.5 EATON CORPORATION PLC (US)

7.6 ROCKWELL AUTOMATION (US)

7.7 E2S WARNING SIGNALS (US)

7.8 ABB LTD. (SWITZERLAND)

7.9 R.STAHL AG (GERMANY)

7.10 EMERSON ELECTRIC CO. (US)

7.11 OTHERS


LIST OF TABLES

TABLE 1 HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT

TABLE 2 HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE

TABLE 3 HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER

TABLE 4 HAZARDOUS AREA EQUIPMENT MARKET, BY REGIONS

TABLE 5 NORTH AMERICA HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT

TABLE 6 NORTH AMERICA HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE

TABLE 7 NORTH AMERICA HAZARDOUS AREA EQUIPMENT MARKET, BY END USER

TABLE 8 NORTH AMERICA HAZARDOUS AREA EQUIPMENT MARKET, BY REGION

TABLE 9 EUROPE HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT

TABLE 10 EUROPE HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE

TABLE 11 EUROPE HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER

TABLE 12 EUROPE HAZARDOUS AREA EQUIPMENT MARKET, BY REGION

TABLE 13 U.K. HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT

TABLE 14 U.K. HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE

TABLE 15 U.K. HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER

TABLE 16 U.K. HAZARDOUS AREA EQUIPMENT MARKET, BY REGION

TABLE 17 ASIA-PACIFIC HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT

TABLE 18 ASIA-PACIFIC HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE

TABLE 19 ASIA-PACIFIC HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER

TABLE 20 ASIA-PACIFIC HAZARDOUS AREA EQUIPMENT MARKET, BY REGION

TABLE 21 REST OF WORLD HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT

TABLE 22 REST OF WORLD HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE

TABLE 23 REST OF WORLD HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER

TABLE 24 REST OF WORLD HAZARDOUS AREA EQUIPMENT MARKET, BY REGION
LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 HAZARDOUS AREA EQUIPMENT MARKET: BY PRODUCT (%)

FIGURE 3 HAZARDOUS AREA EQUIPMENT MARKET: BY CONNECTIVITY SERVICE (%)

FIGURE 4 HAZARDOUS AREA EQUIPMENT MARKET: BY END-USER (%)

FIGURE 5 HAZARDOUS AREA EQUIPMENT MARKET: BY REGION (%)

FIGURE 6 NORTH AMERICA HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT (%)

FIGURE 7 NORTH AMERICA HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE (%)

FIGURE 8 NORTH AMERICA HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER (%)

FIGURE 9 NORTH AMERICA HAZARDOUS AREA EQUIPMENT MARKET, BY REGION (%)

FIGURE 10 EUROPE HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT (%)

FIGURE 11 EUROPE HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE (%)

FIGURE 12 EUROPE HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER (%)

FIGURE 13 EUROPE HAZARDOUS AREA EQUIPMENT MARKET, BY REGION (%)

FIGURE 14 ASIA-PACIFIC HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT (%)

FIGURE 15 ASIA-PACIFIC HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE (%)

FIGURE 16 ASIA-PACIFIC HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER (%)

FIGURE 17 ASIA-PACIFIC HAZARDOUS AREA EQUIPMENT MARKET, BY REGION (%)

FIGURE 18 ROW HAZARDOUS AREA EQUIPMENT MARKET, BY PRODUCT (%)

FIGURE 19 ROW HAZARDOUS AREA EQUIPMENT MARKET, BY CONNECTIVITY SERVICE (%)

FIGURE 20 ROW HAZARDOUS AREA EQUIPMENT MARKET, BY END-USER (%)

FIGURE 21 ROW HAZARDOUS AREA EQUIPMENT MARKET, BY REGION (%)