Press release
Hazardous Location Connectors Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2026
The Hazardous Location Connectors Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Hazardous Location Connectors market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Hazardous Location Connectors market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Hazardous Location Connectors market.The hazardous location connectors market was valued at USD 10.6 billion in 2020 and is expected to reach USD 14.54 billion by 2026, and grow at a CAGR of 5.4% over the forecast period (2021-2026).
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Top Leading Companies of Hazardous Location Connectors Market are - American Connectors Inc., Amphenol Industrial Products Group, Thomas & Betts, Texcan, Hubbell-Killark, Steck Connectors, ITT BIW Connector Systems, Crouse-Hinds (Eaton), Emerson Industrial Automation, Vantage Technology and others.
Industry News and Updates:
- May 2019 - ITT BIW Connector Systems showcased Metal-Lok Slimline Wellhead Penetrator, which is a high-utility system that is ideally suited for 300°F (149°C) and 5000 psi service. It is a user-friendly well-head penetrator system with advanced features, like crimp-free high voltage cable connections and BIW’s QuickThread connector engagement.
Key Market Trends:
Oil Refineries to Increase the Growth of Market
- As the demand for crude oil is growing yearly, there is a need of safety equipment, which can prevent any fatality at the hazardous zone in the refineries factories, as some areas of a refinery are inherently dangerous, with levels of explosive gases and chemicals that are potentially present at all times. Explosion-proof parts, such as connectors, can be placed inside an enclosure, which can withstand an internal explosion caused by a spark.
- Thomas & Betts products named mechanical grounding connectors, which are flexible connectors are very effective by properly connecting all metallic non-current carrying equipment at the oil and gas facility, which greatly reduce the potential for electric shock and explosions.
North America to Account for a Major Share
- North America is growing in this market as various government safety standards have made the use of safe connectors compulsory in almost all the industrial sectors. The hazardous connection interface is designed to meet the requirements for ignition protection under a Class 1 Div ll environment according to the American standard NEC 500 (National Electrical Code).
- The United States is having high growth among countries. HARTING’s Han Ex connector series have been certified to the National Electric Code’s NEC 500 standard for use in Class I, Division II hazardous locations, making them available for use across the countries, where metal locking levers lock the connectors and can be released only with a tool, preventing opening by accident in an explosive atmosphere.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Hazardous Location Connectors Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Hazardous Location Connectors Market (%),2016 - 2026
- Hazardous Location Connectors Market Share, By Brand
- Hazardous Location Connectors Market Share, By Company
- Hazardous Location Connectors Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Hazardous Location Connectors Market Value Analysis & Forecast
- Promising Hazardous Location Connectors Development by Major Companies
- Detailed Hazardous Location Connectors Portfolio of the Major Companies
- Major Deals in the Hazardous Location Connectors Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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