Press release
Global Hazardous Area Equipment Market 2019 Top Dominating Vendors are Siemens, Honeywell, ABB, Rockwell Automation, Eaton, Emerson, R. STAHL Inc., PATLITE Corporation, E2S Warning Signals
Global Hazardous Area Equipment market
Global Hazardous Area Equipment Market is expected to reach USD 36,568.28 Million by 2025 and is projected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The major factors driving the growth of this market are increasing industrial safety measures and technological advancements in led lighting solution. On the other hand time-consuming and expensive inspection and maintenance may hinder the growth of the hazardous area equipment market.
Global Hazardous Area Equipment Market, By Product (Cable Glands and Accessories, Lighting, Barrier Products, Industrial Controls, Display Products, Enclosures, Motors, Strobe Beacons, Sensor), By Connectivity (Wireless, Wired), By Industry (Oil & Gas, Chemical, Marine & Shipbuilding, Power & Energy, Metals & Mining, Pharmaceutical, Food & Beverage, Rubber & Plastics, Water & Waste Treatment, Military & Aerospace), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
The report for global hazardous area equipment market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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
The global hazardous area equipment market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Hazardous area equipment market is dominated by Honeywell International Inc. accounting for a highest market share in 2017, followed by ABB Ltd, Siemens Ag among others.
HONEYWELL INTERNATIONAL, INC.:
Founded in 1906 and headquartered in New Jersey, U.S. Honeywell international Inc. manufactures commercial and consumer products. The company operates in aerospace, home and building technologies, performance materials & technologies and safety & productivity solutions business segments. The company offers its products in different industries including professionals, aerospace, vehicles, buildings, industrial, oil and gas, safety, manufacturing, footwear, vehicles, security and productivity. Hazardous area equipment falls under manufacturing and industrial control category.
Some of the company’s subsidiaries are Honeywell Security (U.S.), UOP LLC (U.S.), RAE Systems (U.S.), Tridium, Inc., Alerton (U.S.), Novar Controls (U.S.) among others. The Company’s principal research and development activities are in the U.S., India, Europe and China. The company operates in United States, Europe and other international regions..
ABB LTD.:
Incorporated in 1999 and headquartered in Zurich, Switzerland. ABB Ltd. is engaged in power and automation business. The company offers its products in four business segments namely electrification, robotics and motion industrial, automation and power grids. The hazardous equipment products are available in electrification segment. The company offers products to aluminum, automotive, buildings, cement, chemical, data centers, food and beverage, life sciences, marine and ports, metal, mining, oil and gas, power distribution, power generation, power transmission, printing, process automation, pulp and paper, railway and solar power & water.
Major Players: Global Hazardous Area Equipment Market
Some of the major players operating in this market are Honeywell International, Inc., ABB Ltd, Rockwell Automation, Inc, Eaton Corporation PLC, Emerson Electric & Co., Patlite Corporation, Potter Signal Co, Qunitex GmbH, Pepperl+Fuchs, Inc., Stahl Ag, Cortem Group, Marechal Electric among others.
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Market Segmentation:
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.
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.
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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