Press release
Hazardous Area Equipment Market on Track for Strong Growth, Estimated to Grow at 6.9% CAGR Through 2029
Hazardous Area Equipment
What Is the Expected CAGR for the Hazardous Area Equipment Market Through 2025?
The market for hazardous area equipment has seen significant expansion lately, with its valuation predicted to rise from $9.57 billion in 2024 to $10.1 billion in 2025, marking a compound annual growth rate (CAGR) of 5.5%. Factors contributing to growth during this historic period include industrial and manufacturing development, rigorous safety rules, international trade and globalization, energy prospecting and mining, along with heightened emphasis on the safety of workers.
What's the Projected Size of the Global Hazardous Area Equipment Market by 2029?
The market size for equipment in hazardous areas is projected to experience robust growth in the coming years, reaching $13.19 billion by 2029 with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this growth over the forecast period include a worldwide shift towards renewable energy, the need for modular solutions, industrial system cybersecurity, the appearance of new hazardous substances, as well as changes in regulations and compliance standards. Notable trends within the forecast period include the integration of IoT, automation in hazardous regions, a rise in the use of LED lighting, tailoring of solutions, as well as training and certification programs and the creation of intrinsically safe technologies.
View the full report here:
https://www.thebusinessresearchcompany.com/report/hazardous-area-equipment-global-market-report
Top Growth Drivers in the Hazardous Area Equipment Industry: What's Accelerating the Market?
The growth of the hazardous area equipment market is anticipated to surge due to the escalating requirement for industrial safety. Industrial safety encompasses a set of rules, preventative measures, and protocols to protect the environment and workers from harm. It acts as remedial action that is periodically evaluated and sanctioned by safety professionals. To avoid explosions and maintain the safety of people, hazardous area equipment is utilized in risk-prone areas. Consequently, the employment of hazardous area equipment for industrial safety will propel its demand. In December 2023, the Bureau of Labor Statistics, a governmental agency in the United States, reported a worrisome rise in fatal work injuries. Fatalities increased by 5.7% from 5,190 in 2021 to 5,486 in 2022, thereby indicating a growing incidence of industrial accidents. As a result, the mounting need for industrial safety is catalyzing the expansion of the hazardous area equipment market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9075&type=smp
Which Emerging Trends Are Transforming the Hazardous Area Equipment Market in 2025?
The rise of technological advancements stands out as a significant trend in the hazardous area equipment market. Many big players in this sector are concentrating on technological innovations to maintain their market standing. In February 2022, i.safe MOBILE GmbH, a mobile communication equipment manufacturer based in Germany for hazardous locations, unveiled the IS-TC1A.1, an ex-protected thermal imaging camera. This device is made to aid predictive maintenance in dangerous areas. Built with Seek Thermal technology, the explosion-proof thermal imaging camera IS-TC1A.1 gives industrial operators in high-risk zones the ability to oversee industrial and maintenance procedures, and pinpoint potential issues before they exacerbate. The main goal of predictive maintenance is to reduce energy costs, boost reliable processes, and avoid unplanned equipment shutdowns.
What Are the Main Segments in the Hazardous Area Equipment Market?
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
Subsegments:
1) By Cable Glands And Accessories: Ex d Cable Glands, Ex e Cable Glands, Junction Boxes
2) By Process Instruments: Pressure Sensors, Temperature Sensors, Flow Meters
3) By Industrial Controls: Control Panels, PLCs (Programmable Logic Controllers), Safety Relays
4) By Motors: Explosion-Proof Motors, Variable Frequency Drives (VFDs)
5) By Strobe Beacons: LED Strobe Beacons, Xenon Strobe Beacons
6) By Lighting: LED Hazardous Area Lights, Fluorescent Hazardous Area Lights, High-Intensity Discharge (HID) Lights
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9075&type=smp
Which Top Companies are Driving Growth in the Hazardous Area Equipment Market?
Major companies operating in the hazardous area equipment market include 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., 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
Which Regions Will Dominate the Hazardous Area Equipment Market Through 2029?
North America was the largest region in the hazardous area equipment in 2024. The regions covered in the hazardous area equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9075
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with 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.
Reach out to us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
The Business Research Company, with over 17,500+ reports across 27 industries and 60+ geographies, backed by 1,500,000 datasets and insights from industry leaders, offers comprehensive market intelligence through its flagship product, the Global Market Model (GMM), delivering updated forecasts for informed decision-making.
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 Market on Track for Strong Growth, Estimated to Grow at 6.9% CAGR Through 2029 here
News-ID: 4258404 • 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…
