Focusing on Siemens Ag, Honeywell International, Inc., ABB Ltd, Rockwell Automation, Inc., Eaton Corporation PLC
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The Global Hazardous Area Equipment Market accounted for USD 7.64 billion in 2016 growing at a CAGR of 6.76% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Hazardous Area Equipment Market By Geography; 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); Connectivity Service (Wired Connectivity Service, Wireless Connectivity Service); Industry (Oil & Gas, Chemical & Pharmaceutical, Food & Beverage, Energy & Power, Mining) – Industry Trends and Forecast to 2024
Major Market Competitors:
- Siemens Ag;
- Honeywell International, Inc.,
- ABB Ltd,
- Rockwell Automation, Inc.,
- Eaton Corporation PLC,
- Emerson Electric & Co., R. Stahl Ag,
- Patlite Corporation,
- E2S Warning Signals,
- NHP Electrical Engineering Products Pty. Ltd.,
- Werma Signaltek,
- Federal Signal Corporation,
- Potter Signal Co.,
- Qunitex GmbH,
- Tomar Electronics,
- Pepperl+Fuchs, Inc.,
- Extronics Ltd.,
- Hawke International,
- Cortem Group,
- Mhe Demag (S) Pte Ltd.,
- Marechal Electric,
- Jb Systems, Petrel Ltd.,
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
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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.
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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. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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