Global Hazardous Area Equipment Market is expected to reach USD 36,568.28 Million by 2025 and is projected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Drivers: Global Hazardous Area Equipment Market
The major factors driving the growth of this market are increasing industrial safety measures and technological advancements in led lighting solution.
Market Segmentation: Global Hazardous Area Equipment Market
By Product (Cable Glands and Accessories, Lighting, Barrier Products, Industrial Controls, Display Products, Enclosures, Motors, Strobe Beacons, Sensor)
By Connectivity (Wireless, Wired)
By Industry (Oil & Gas, Chemical, Marine & Shipbuilding, Power & Energy, Metals & Mining, Pharmaceutical, Food & Beverage, Rubber & Plastics, Water & Waste Treatment, Military & Aerospace)
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
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Some of the major players operating in this market are:-
- Honeywell International, Inc.,
- ABB Ltd,
- Rockwell Automation, Inc,
- Eaton Corporation PLC,
- Emerson Electric & Co.,
- Patlite Corporation,
- Potter Signal Co,
- Qunitex GmbH,
- Pepperl+Fuchs, Inc.,
- Stahl Ag,
- Cortem Group,
- Marechal Electric among others.
Key Points: The global foam insulation market
Honeywell International, Inc., is going to dominate the global hazardous area equipment market followed by ABB Ltd, Siemens Ag and Eaton Corporation PLC.
- The product segment is dominating the global hazardous area equipment market.
- Oil and gas segment is expected to grow with the highest CAGR of 7.3% in the forecast period 2018 to 2025.
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