The report for global hazardous area equipment market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Global Hazardous Area Equipment Market By Geography; Product Type (Cable Glands & Accessories, Process Instruments, Industrial Controls, Motors, Strobe Beacons, Lighting Products, Sensors, Bells & Horns, Fire Alarms/Call Points, Speakers & Tone Generators, Visual & Audible Combination Units); Connectivity Service (Wired Connectivity Service, Wireless Connectivity Service); Industry (Oil & Gas, Chemical & Pharmaceutical, Food & Beverage, Energy & Power, Mining) – Industry Trends and Forecast to 2024
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Major Players: Global Hazardous Area Equipment Market
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.
The Global Hazardous Area Equipment Market accounted for USD 7.64 billion in 2016 growing at a CAGR of 6.76% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
A Hazardous Area Equipment are the equipment is stated as an area that has an explosive atmosphere, may have expected to be, such areas require special precautions in order to avoid any ignition sources. Many approaches can be made to avoid destructions out of hazardous areas, such as confining the area; isolating the area reduces the risk of accident.
Major Market Drivers and Restraints:
- Technological advancements in lighting solutions
- Increasing industrial safety measures
- Acts as a source of ignition in hazardous areas
- Time-consuming and expensive inspection and maintenance
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On the basis of product type:- cable glands & accessories, process instruments, industrial controls, motors, strobe beacons, lighting products, sensors, bells & horns, fire alarms/call points, speakers & tone generators, visual & audible combination units.
On the basis of connectivity service:- wired connectivity service, and wireless connectivity service.
On the basis of application:- Oil & gas, chemical & pharmaceutical, food & beverage, energy & power, mining, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
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