Press release
Hazardous Area Equipment Market 2023 : By Top Leaders Analysis, Segments And Forecast 2032 | ABB Ltd., STAHL AG, Rockwell Automation, Emerson Electric Co., Siemens AG
Hazardous Area Equipment Market Trends
As per the hazardous area equipment market report by The Business Research Company, Rising demand for industrial safety is expected to propel the growth of the hazardous area equipment market going forward. Industrial safety refers to a collection of safety procedures, guidelines, and rules to safeguard the environment, workplace, and workers from danger.
The global hazardous area equipment market size is expected to grow from $8.35 billion in 2022 to $9.00 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hazardous area equipment market size is expected to reach $11.92 billion in 2027 at a CAGR of 7.3%.
Read More On The Hazardous Area Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/hazardous-area-equipment-global-market-report
Major competitors in the hazardous area equipment market include PATLITE Corporation, Eaton Corporation PLC., Rockwell Automation, Emerson Electric Co., Siemens AG, NHP Electric Engineering Products, Honeywell International Inc., E2S Warning Signals, ABB Ltd., STAHL AG, Federal Signal Corporation, Potter Signal Co., Tomar Electronics Inc., WERMA Signaltechnik GmbH + Co. KG, and Mitsubishi Electric Corporation.
The Hazardous Area Equipment market is segmented -
By Product: Cable Glands And Accessories, Process Instruments, Industrial Controls, Motors, Strobe Beacons, Lighting
By Service: Wired, Wireless
By Industry: Oil And Gas, Chemical And Pharmaceutical, Food And Beverages, Energy And Power, Mining
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hazardous Area Equipment market.
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Hazardous area equipment refers to the electrical equipment that is used within hazardous areas that have an operational temperature band or limit. Hazardous area equipment is installed in hazardous areas to prevent an explosion and ensure the safety of people
The Table Of Content For The Hazardous Area Equipment Market Include:
1. Executive Summary
2. Hazardous Area Equipment Market Characteristics
3. Hazardous Area Equipment Market Trends And Strategies
4. Hazardous Area Equipment Market - Macro Economic Scenario
5. Hazardous Area Equipment Market Size And Growth
……
26. Africa Hazardous Area Equipment Market
27. Hazardous Area Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hazardous Area Equipment Market
29. Hazardous Area Equipment Market Future Outlook and Potential Analysis
30. Appendix
The "Global Hazardous Area Equipment Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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