Global hazardous location thermostats market is estimated to grow during the forecast period (2017-2022), key players are Pentair Ltd., R. Stahl Inc., Johnson Controls Inc., Honeywell International Inc., and Schneider Electric SA

Thermostat is a device which can sense and maintain a system at a constant temperature by switching the gadgets/devices on or off when required. It is a component of a control system. It assists as a control unit to cool or heat the system or a component of air conditioners or heaters.

Thermostats that are particularly designed for hazardous location temperature control are known as hazardous location thermostats. It controls the cooling, heating, or ventilation systems with an adjustable knob for easy and convenient adjustments.

The Global Hazardous Location Thermostats Market was found to value at USD XX.XX million in 2016 and it is estimated that it'll reach USD XX million by 2022, at a CAGR of XX%% during the forecast period, 2017 to 2022.

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Market Dynamics

The analysis of the market shows that the major drivers of the growth in the market are expected to be:

Rapid technological advancement
Increase in applications in the industrial sector
Growing safety measures

However, cost of installation may act as a roadblock to the growth of the Hazardous Location Thermostats market.

Segmentation

The Hazardous Location Thermostats market can be segmented based on the type, the application, zone, class and the geography.

Segmentation based on type:
Line-voltage thermostats
Low-voltage thermostats

Segmentation by Zone:
Zone 0
Zone 1
Zone 2

Segmentation by Class:
Class I
Class II
Class III

Segmentation based on the application of Hazardous Location Thermostats is done into the following:
Oil refineries
Grain elevators
Munitions plants
Hospital operating rooms
Coal mines
Other

The market can also be segmented based on Geography into North America, Europe, APAC, Middle East and Africa and South America.

Geographic Analysis

The economic crisis of 2008 hit hard the Eurozone. It impacted the investments and afterwards the market for thermostats. However, major economies are in progress to returning to pre-crisis levels, the economic activity is yet to get back. The thermostats market will observe moderate growth over the prediction period.

APAC market with some of the major economies like India, Japan, and China, has a huge potential for the players in thermostats market. The growing manufacturing sector and the growth in energy demand will lead to new investments and development in energy, manufacturing, and mining industries. This will lead to a healthy demand for thermostats in the APAC region.

After the recession of 2008, improvements in economic conditions and increase in investments in shale gas exploration accompanied by growing manufacturing sector will spur the market for thermostats in North America.

MENA being the world's chief hub for oil and gas sector, has anenormous potential for thermostats market. While, regional conflicts may weaken the growth, the existence of the some of the world's biggest firms in the sector will spur the investment towards this market.

Brazil and Mexico are the chief markets in Latin America, with the majority of the revenues being made by these countries. Growing oil & gas sector, in addition to shale gas opportunities will bring about increase in demand for thermostats in the region.

Key Players

The Global Hazardous Location Thermostats market entails of different international, regional, and local vendors. The competition is projected to grow higher with increasing innovations and M&A events in the future. Moreover, many local and regional vendors are offering specific application products for diverse end-users. The new vendor entrants in the market are finding it difficult to compete with the international vendors based on quality, reliability, and innovations in technology.

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Leading vendors in the market are - Pentair Ltd., R. Stahl, Inc., Johnson Controls, Inc., Honeywell International, Inc., Schneider Electric SA, Watlow Electric Manufacturing Company, Emerson Industrial Automation. Tempco Electric Heater Corporation, Indeeco, ABB Ltd

Report Contents Regional Analysis Report Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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