Hazardous Location Motor Starters Market 2022 Trends, Growth Opportunities, Industry Revenue and Business Analysis by Forecast - 2027

Hazardous Location Motor Starters Market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2022 to 2027 are profiled in this report.

Hazardous Location Motor Starters Market is envisaged to record an expansion at the CAGR of 5.26% over the forecast period, 2022 - 2028

Competitive Landscape:

 Eaton Corporation,  Emerson Industrial Automation,  WEG Industries,  Rockwell Automation,  R. Stahl Inc.,  Heatrex Inc,  Schneider Electric,  Siemens,  ABB Group,  GE Industrial Solutions (ABB Group) and Others

Industry News:

- February 2019: Danfoss company demonstrated how its VLT Automation Drive can be used to perform condition monitoring using technologies such as external vibration sensors and load-envelope monitoring. These functions convert the drive into an "intelligent sensor" that detects problems at an early stage and identifies them before they cause downtime.

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Scope of the Report

- Due to technological advancements, the need for integrated servo and brushless explosion-proof motors has increased, due to the growing robotic and automation technologies in industries. Majority of these robotics and automation activities are carried out in potentially explosive atmospheres, which are driving the market.
- Growing demand for instruments used for protection against thermal overload is driving the market as instantaneous over-current is usually the result of fault conditions. Bimetallic overload relay and time overcurrent relay are the motor protection relay used in high voltage area and provide various features, such as short circuit protection, locked rotor protection, etc.

Key Market Trends

Explosion Proof Motor in Coal Production to Drive the Market Growth

- Growing dependency on coal production is triggering the growth of several coal plants in the world, which is driving the market. Eliminating the presence of potential sources of ignition, and providing appropriate equipment, all machinery and electrical equipment inside the enclosed coal storage area or structure are approved for use in hazardous locations. These are provided with spark-proof motors or explosion proof motors, which are assigned a temperature code (T code).

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Asia-Pacific to Witness the Fastest Growth in Future

- The Asia-Pacific motor starters market is expected to observe a substantial growth in the near future, determined by the discovery of new oil and gas reserves in this region.
- A significant number of mergers and acquisitions, in the region, have led to an enormous amount of drilling and exploration activities in hazardous locations. This has further boosted the demand for motors and motor starters in this region.
- Asia-Pacific is likely to emerge as a demand center for soft starters, which are used in the motor for protection. Due to the increasing industrialization, in the region's emerging economies, such as India and China, it is expected that motor starters will experience high growth of the motor starter in various applications.

Highlights about Hazardous Location Motor Starters Market report coverage:

- A complete background analysis, which includes an assessment of the Global Hazardous Location Motor Starters Market.

- Important changes in Hazardous Location Motor Starters Market dynamics

- Hazardous Location Motor Starters Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Hazardous Location Motor Starters Market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Hazardous Location Motor Starters Market industry developments

- Hazardous Location Motor Starters Market shares and strategies of key players

- Emerging niche Hazardous Location Motor Starters Market segments and regional markets

- An objective assessment of the trajectory of the Hazardous Location Motor Starters Market .

- Recommendations to companies for strengthening their foothold in the Hazardous Location Motor Starters Market .

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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