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Global hazardous location motors market is estimated to grow during the forecast period (2017-2022), key players are ABB Group, Brook Crompton, Stainless Motors, GE Industrial Solutions, Dietz Electric, Bluffton Motors Works, and WEG Industries

02-08-2019 10:18 PM CET | Logistics & Transport

Press release from: Kenneth Research

Global hazardous location motors market is estimated to grow

Hazardous location motors are used in areas where concentrations of vapor, dust and flammable gases are high. Justifiably, this environment possesses serious threats because even small sparks or high temperatures surfaces can ignite the harmful substances and cause ablast.

The explosion-proof motors contain all the features used in the most dangerous areas where wash-down tolerance, cleanliness, and safety for hazardous vapours, liquids, or dust exist. Not only does this solve the motion control requirements of the application but also operates safely without any scope for a risky event.

The Global Hazardous Location Motors 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
Increasein demand for energy efficient motors
Growing safety measures
However, the factor thatmay act as a roadblock to the growth of the Hazardous Location Motors market is designing and manufacturing motors that
Fullyinvolve an internal explosion, without bursting and erupting it
Do not escape hot gases from the enclosure

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

Segmentation based on type:

Explosion-proof general-purpose motors
Explosion-proof pump motors
Drill rig duty motors
Explosion-proof inverter duty motors
Explosion-proof severe duty motors
Others

Segmentation by Zone:
Zone 0
Zone 20
Zone 1
Zone 21
Zone 2
Zone 22

Segmentation by Class:
Class I
Class II
Class III

Segmentation based on the application of Hazardous Location Motors is done into the following:
Petroleum Refining Plants
Spray Painting and Finishing Areas
Dry Cleaning Facilities
Fire Work Plants
Utility Gas Plants
Other

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

Geographic Analysis

Emergence of Argentina as a potential superpower in shale oilwith the second largest reserves after China and the fourth largest globally has led to growth in the hazardous location motors market. With an increase in drilling activities and discovery ofnew hydrocarbon reserves has led to a huge demand for the motors in Latin America.Rapid industrialization and stringent rules & regulations put down due to safety reasons, and the developing economies like India, China and Japan make APAC one of the fastest growing markets.

Due to the growth in demand for oil & gas, the exploration of oil and gas fields has seen a rise, which has next led to stringent laws and regulations put down towards product usage and safety in hazardous locations. The above-mentioned factors have led to the incredible growth of hazardous location motors market in the European region.

Although many key oil companies have lowered their capital expenditure, the national oil companies in the MENA region have not yet shown any signals ofslashing the investments because the growing importance for safety makes the market a huge potential for hazardous motors globally.

Buy Now @ https://www.kennethresearch.com/report-purchase-id-10064144

Key Players

The Global Hazardous Location Motors 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.

Leading vendors in the market are - ABB Group, Brook Crompton, Stainless Motors, GE Industrial Solutions, Dietz Electric, Bluffton Motors Works, WEG Industries, Emerson Industrial Automation, Nidec Motor Corporation, Rockwell Automation, Heatrex, Kollmorgen Corporation

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

Read More @ https://www.kennethresearch.com/report-details/global-hazardous-location-motors-market/10064144

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: David
Email: sales@kennethresearch.com
Phone: +1 313 462 0609

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