Press release
Hazardous Area Equipment Global Market Growing at 7.6% CAGR to Hit $13.06 Billion By 2028 | Siemens AG., ABB Ltd., Adalet Inc., Bartec Group., Cortem Group.
Hazardous Area Equipment Market
As per the report, the hazardous area equipment market size has grown strongly in recent years. It will grow from $9.01 billion in 2023 to $9.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The hazardous area equipment market size is expected to see strong growth in the next few years. It will grow to $13.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=9075&type=smp
Rising Demand For Industrial Safety To Drive Market Growth
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. To provide a secure workplace and long-lasting business operations, it serves as a corrective action that is periodically assessed and approved by safety specialists. Hazardous area equipment is installed in hazardous areas to prevent an explosion and ensure the safety of people. Thus, the use of hazardous area equipment for industrial safety will increase the demand for hazardous area equipment. For instance, in July 2022, according to a report shared by the Centers for Disease Control and Prevention, a US-based national public health agency, in 2020, nearly 196,140 accidents involving objects and machinery required time off work owing to their severity and 1,038 American workers lost their lives in work-related car accidents in 2020 (22% of all fatalities). Also, emergency rooms will have treated 1.8 million workers who suffered work-related injuries. Therefore, the rising demand for industrial safety is driving the growth of the hazardous area equipment market.
Technological Advancements Driving Innovation In Hazardous Area Equipment Market
Technological advancements have emerged as a key trend gaining popularity in the hazardous area equipment market. Major companies operating in hazardous area equipment are focused on innovating new technologies to sustain their position in the market. In February 2022, i.safe MOBILE GmbH, a Germany-based manufacturer of mobile communication equipment for use in hazardous areas, launched the IS-TC1A.1, an ex-protected thermal imaging camera. This equipment is designed for predictive maintenance in hazardous areas. Based on Seek Thermal technology, the explosion-proof thermal imaging camera IS-TC1A.1 enables industrial users in risky areas to monitor industrial and maintenance processes and spot danger signs before they become serious. Predictive maintenance aims to save energy costs, improve process dependability, and prevent unscheduled equipment downtime.
The hazardous area equipment market covered in this report is segmented -
1) By Product: Cable Glands And Accessories, Process Instruments, Industrial Controls, Motors, Strobe Beacons, Lighting
2) By Service: Wired, Wireless
3) By Industry: Oil And Gas, Chemical And Pharmaceutical, Food And Beverages, Energy And Power, Mining
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=9075&type=discount
Major companies operating in the hazardous area equipment market report are PATLITE USA Corporation., Eaton Corporation PLC., Rockwell Automation Inc., Emerson Electric Co., Siemens AG., NHP Electric Engineering Products Pty Ltd., Honeywell International Inc., E2S Warning Signals LLC., ABB Ltd., Federal Signal Corporation., Potter Signal Co., R. STAHL AG., Tomar Electronics Inc., Mitsubishi Electric Corporation., Adalet Inc., Bartec Group., Cortem Group., Delvalle Box., Extronics Ltd., G M International Srl., Hawke International., Intertek Group PLC., J B Systems BVBA., KEB America Inc., Marechal Electric Group., Miretti Group., Pepperl+Fuchs GmbH., Phoenix Contact GmbH & Co KG., Raychem RPG., Redapt Ltd., S Tahl AG., Schneider Electric SE., Shenzhen Hengchangda Industry Co Ltd .
Contents of the report:
1. Executive Summary
2. Hazardous Area Equipment Market Report Structure
3. Hazardous Area Equipment Market Trends And Strategies
4. Hazardous Area Equipment Market - Macro Economic Scenario
5. Hazardous Area Equipment Market Size And Growth
…..
27. Hazardous Area Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/hazardous-area-equipment-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hazardous Area Equipment Global Market Growing at 7.6% CAGR to Hit $13.06 Billion By 2028 | Siemens AG., ABB Ltd., Adalet Inc., Bartec Group., Cortem Group. here
News-ID: 3601368 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Hazardous
Hazardous Goods Logistics Market Demand Analysis and Projected huge Growth by 20 …
The latest study released on the Global Hazardous Goods Logistics Market by HTF MI evaluates market size, trend, and forecast to 2030. The Hazardous Goods Logistics market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key…
Hazardous Location Connector Market Ensuring Connectivity in Hazardous Environme …
The global report titled "Hazardous Location Connector Market" is recently added by Infinity Business Insights Market to its vast database. The report offers a fundamental overview of the global Hazardous Location Connector market by examining the current market scenario. It also offers an outline of the competitive scenario in the Hazardous Location Connector sector. The analytical report applies primary and secondary research methodologies. Additionally, the report also offers significant business…
Hazardous Goods Logistics Market : Flammable, Explosive, Radioactive, Bio-hazard …
The hazardous goods logistics market was valued at $200 billion in 2021, and is estimated to reach $382.9 billion by 2031, growing at a CAGR of 7% from 2022 to 2031.
In 2021, Asia-Pacific region is dominating the market in terms of revenue, followed by North America, Europe, and LAMEA. U.S. and China dominated the hazardous goods logistics market during the forecast period. Increased adoption of outsourced logistics services in the…
Labeling hazardous goods
When it comes to hazardous substances, the Globally Harmonized System (GHS) provides guidelines on, for example, label sizes. Warning symbols are black pictograms on a white background, framed by a red rhombus.
FDA, EEC, CLP, ADR, RID, DGR, RoHS, GbV ‒ such abbreviations sound like from a famous track by the German hip-hop band Die Fantastischen Vier, dated 1999. In fact, they indicate instructions in force, directed in particular to…
Hazardous Area Sensors Market - Surging Application of Hazardous Area Sensors in …
The global hazardous area sensors market is characterized by the presence of a few large and experienced players such as Honeywell International Inc., ABB Group, and Siemens AG, which presents a huge barrier to new entrants. These established players already have a stronghold on the global market, with stiff competition between them. Transparency Market Research identifies security threats as the major challenge for all existing players and finds that companies…
Hazardous Area Sensors Market - Surging Application of Hazardous Area Sensors in …
Hazardous Area Sensors Market: Snapshot
The deployment of electrical equipment in potentially hazardous or explosive areas has been a major concern since the beginning of the 20th century. Supported by the need to achieve accuracy and safety in volatile zones and the implementation of government regulations globally, the market for hazardous area sensors has received a significant boost over the years. Fueled by the growing importance of intrinsic safety in many…
