Press release
Global hazardous location motor starters market is estimated to grow during the forecast period (2017-2022), key players are Eaton, WEG, Emerson, ABB Group, General Electric, Rockwell Automation Inc., R. Stahl Inc., Heatrex, Schneider Electric, Siemens Lt
They are used for motor disconnecting, across-the-line motor starting, start-stop operations, and motor and line protection, specially designed within the specified KW power output range and are available with or without an isolator to be used in different hazardous zones.
The Global Hazardous Location Motor Starters 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:
Technological advancement
Growing safety measures
Propelling demand for devices used for protection against the thermal overload
However, Manufacturing of Starters to withstand corrosive environments and most unlikely of weather conditions may act as a roadblock to the growth of the Hazardous Location Motor Starters market.
Segmentation
The Hazardous Location Motor Starters market can be segmented based on the type, the application, and the geography.
Segmentation based on type:
Manual Motor Starter
Magnetic Motor Starter
Segmentation based on the application of Hazardous Location Motor Starters is done into the following:
Coal Preparation Plants
Sewage Treatment Plants
Paint Storage Areas
Oil Refineries
Grain Elevators
Chemical Storage and Handling Facilities
Petrochemical Facilities/Oil Rigs
Others
The market can also be segmented based on Geography into North America, Europe, APAC, Middle East and Africa and South America.
Geographic Analysis
The Asia-Pacific motor starters market is expected to observe a substantial growth in the near future, determined by the discovery of new oil & gas reserves in the recent past. A large amount of M&A in the region has led to ahuge amount of drilling and exploration activities in precarious locations. This has further enhanced the demand for motors and motor starters market in this region.
The hazardous location motor starters market in Europe is likely to exhibit a high growth because of the increasing oil & gas prices. In addition, the increased exploration and production E&P activities, swayed by the rising energy demand and stronger signs of economic recovery in the Eurozone after years of the recession of 2009, are all contributing towards this projected growth of the market.
The increasing global demand for energy has led to arise in drilling and in the completion of activities along with the encounter of new oil and gas fields, technological innovation, growing investment and intervention of government, which are helping the market to grow, with agrowing number of hazardous locations (potentially explosive atmosphere). This has enhanced the demand for hazardous location motors and motor starters market in the Middle East and African region. However, economic uncertainties remain and massive dependence on oil for economic growth can have animportant impact on the market coupled with the ongoing encounters in the region can lead to an impact on investments in the region.
North America is a main contributor to the motor starters market due to the utmost drilling activity. The US leads the hazardous location motor starters market in North America.
Key Players
The Global Hazardous Location Motor Starters Sales market entails of different international, regional, and local vendors. The market competition is predicted to grow higher with the increase in technological innovation and M&A activities 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 - Eaton, WEG, Emerson, ABB Group, General Electric, Rockwell Automation Inc., R. Stahl Inc., Heatrex, Schneider Electric, Siemens Ltd.
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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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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
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