HOME Top Market Reports Hazardous Area Equipment Market by Product (Cable Glands and Accessories, Industrial Controls, Process Instruments, Strobe Beacons, Lighting, Fire Alarms), Connectivity Service (Wired, and Wireless), Industry, and Geography - Global Forecast to 2022

Hazardous Area Equipment Market by Product (Cable Glands and Accessories, Industrial Controls, Process Instruments, Strobe Beacons, Lighting, Fire Alarms), Connectivity Service (Wired, and Wireless), Industry, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: SE 5205

 

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The hazardous area equipment market was valued at USD 6.24 Billion in 2016 and is estimated to reach USD 8.82 Billion by 2022, at a CAGR of 5.74% during the forecast period. The base year used for this study is 2016, and the forecast period considered is between 2017 and 2022.

The objectives of the study are as follows:

  • To define, describe, and forecast the hazardous area equipment market segmented on the basis of product types, connectivity services, and industries
  • To provide market size estimations with respect to 4 main regions, namely North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To identify and analyze the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the key trends related to products, connectivity services, and industries that shape and influence the market
  • To analyze the market with the help of Porter’s five forces framework, along with the value chain analysis, technology, and market roadmap
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and detail the competitive landscape for the key players
  • To analyze strategic developments such as joint ventures, mergers and acquisitions, product launches and developments, and research and development in the hazardous area equipment market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies

The research methodology used to estimate and forecast the hazardous area equipment begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global hazardous area equipment from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of people holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the figure below:

Hazardous Area Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

The hazardous area equipment ecosystem comprises manufacturers such as Honeywell International Inc. (US), PATLITE Corporation (US), Eaton Corporation Plc (US), Siemens AG (Germany), Emerson Electric Co. (US), NHP Electric Engineering Products (Australia), Rockwell Automation (US), E2S Warning Signals (US), ABB Ltd. (Switzerland), R.STAHL AG (Germany). The end users of these products are from a wide range of industries such as oil & gas, chemical & pharmaceutical, food & beverages, mining, and energy & power.

The Target Audience:

  • Original equipment manufacturers
  • Semiconductor component suppliers
  • Hazardous area equipment distributors and sales firms
  • Software solution providers
  • Service providers for hazardous electrical/nonelectrical equipment
  • End users
  • Research institutes and organizations

“The study answers several questions for the target audiences, primarily which market segments to focus on in the next two to five years for prioritizing the efforts and investments.”

Report Scope:

In this report, the hazardous area equipment has been segmented into the following categories, which have been detailed below:

Hazardous Area Equipment Market, by Product:

  • Cable Glands and Accessories
  • Process Instruments
  • Industrial Controls
  • Motors
  • Strobe Beacons
  • Lighting Products
  • Sensors
  • Fire Alarms/Call Points
  • Speakers and Tone Generators
  • Visual and Audible Combination Units

Hazardous Area Equipment Market, by Connectivity Service:

  • Wired
  • Wireless

Hazardous Area Equipment, by Industry:

  • Oil & Gas
  • Chemical & Pharmaceutical
  • Food & Beverages
  • Energy & Power
  • Mining
  • Others (Pulp & Paper, Water & Wastewater Treatment, and Transportation)

Hazardous Area Equipment, by Geography:

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, Russia, and Others)
  • Asia Pacific (China, Japan, India, South Korea, and Others)
  • Rest of the World

Competitive Landscape: Market share analysis

Company Profiles: Detailed analysis of the major companies present in the hazardous area equipment market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
                    2.1.2.4 Key Industry Insights
    2.2 Secondary and Primary Research
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
                    2.3.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.3.2 Top-Down Approach
                    2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.4 Market Breakdown and Data Triangulation
    2.5 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Significant Market Opportunities in the Hazardous Area Equipment Market
    4.2 Hazardous Area Equipment Analysis, By Product Type
    4.3 Hazardous Area Equipment Analysis, By Connectivity Service
    4.4 Hazardous Area Equipment Analysis, By Industry
    4.5 Hazardous Area Equipment Share, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Industrial Safety Measures
                    5.3.1.2 Technological Advancements in Lighting Solutions
           5.3.2 Restraints
                    5.3.2.1 Wireless Hazardous Area Equipment Acts as A Source of Ignition in Hazardous Areas
                    5.3.2.2 Time-Consuming and Expensive Inspection and Maintenance
           5.3.3 Opportunities
                    5.3.3.1 Increasing Demand for Low-Cost and High Light Output Per Watt Lighting Solutions
           5.3.4 Challenges
                    5.3.4.1 Continuous Amendments in Safety Regulations

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Hazardous Area Equipment Market, By Product Type (Page No. - 50)
    7.1 Introduction
    7.2 Cable Glands & Accessories
    7.3 Process Instruments
    7.4 Industrial Controls
    7.5 Motors
    7.6 Strobe Beacons
    7.7 Lighting Products
    7.8 Sensors
    7.9 Bells & Horns
    7.10 Fire Alarms/Call Points
    7.11 Speakers & Tone Generators
    7.12 Visual & Audible Combination Units

8 Hazardous Area Equipment Market, By Connectivity Service (Page No. - 76)
    8.1 Introduction
    8.2 Wired Connectivity Service
    8.3 Wireless Connectivity Service

9 Hazardous Area Equipment Market, By Industry (Page No. - 80)
    9.1 Introduction
    9.2 Oil & Gas
    9.3 Hemical & Pharmaceutical
    9.4 Food & Beverage
    9.5 Energy & Power
    9.6 Mining
    9.7 Others

10 Geographic Analysis (Page No. - 105)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Russia
             10.3.2 Germany
             10.3.3 U.K.
             10.3.4 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 South Korea
             10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
             10.5.1 Middle East & Africa
             10.5.2 Latin America

11 Competitive Landscape (Page No. - 119)
     11.1 Overview
     11.2 Market Ranking Analysis
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches/Developments
             11.3.2 Agreements, Partnerships, and Expansions
             11.3.3 Mergers & Acquisitions
     11.4 Vendor Dive Overview
             11.4.1 Vanguards (Leaders)
             11.4.2 Dynamic
             11.4.3 Innovators
             11.4.4 Emerging
     11.5 Business Strategies Adopted By the Major Players in the Market
     11.6 Analysis of Product Portfolio of Major Players in the Market

Top 25 Companies Analyzed for This Study are – Siemens Ag; Honeywell International, Inc.; ABB Ltd.; Rockwell Automation, Inc.; Eaton Corporation PLC; Emerson Electric & Co.; R. Stahl Ag; Patlite Corporation; E2S Warning Signals; NHP Electrical Engineering Products Pty. Ltd.; Werma Signaltek; Federal Signal Corporation; Potter Signal Co.; Qunitex GmbH; Tomar Electronics; Pepperl+Fuchs, Inc.; Extronics Ltd.; Pelco; Hawke International; Cortem Group; Mhe Demag (S) Pte Ltd.; Marechal Electric; Jb Systems; Petrel Ltd.; and Industratech

12 Company Profile (Page No. - 128)
     12.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     12.2 Siemens AG
     12.3 Honeywell International, Inc.
     12.4 ABB Ltd.
     12.5 Rockwell Automation, Inc.
     12.6 Eaton Corporation PLC (Cooper Industries)
     12.7 Emerson Electric Co.
     12.8 Patlite Corporation
     12.9 R. Stahl AG
     12.10 E2S Warning Signals
     12.11 NHP Electrical Engineering Products Pty Ltd.
     12.12 Key Innovators
             12.12.1 Werma Signaltechnik GmbH
             12.12.2 Federal Signal Corporation
             12.12.3 Potter Electric Signal Company, LLC
             12.12.4 Tomar Electronics, Inc.
             12.12.5 Quintex GmbH
*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 160)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (65 Tables)

Table 1 Hazardous Area Equipment Size, By Product Type, 2014–2022 (USD Million)
Table 2 Hazardous Area Equipment Size, By Product Type, 2014–2022 (Thousand Units)
Table 3 Cable Glands & Accessories Market Size, By Industry, 2014–2022 (USD Million)
Table 4 Cable Glands & Accessories Market Size, By Industry, 2014–2022 (Thousand Units)
Table 5 Process Instrument Product Market Size, By Industry, 2014–2022 (USD Million)
Table 6 Process Instrument Product Market Size, By Industry, 2014–2022 (Thousand Units)
Table 7 Industrial Controls Market Size, By Industry, 2014–2022 (USD Million)
Table 8 Industrial Controls Market Size, By Industry, 2014–2022 (Thousand Units)
Table 9 Motors Market Size, By Industry, 2014–2022 (USD Million)
Table 10 Motors Market Size, By Industry, 2014–2022 (Thousand Units)
Table 11 Strobe Beacons Market Size, By Industry, 2014–2022 (USD Million)
Table 12 Strobe Beacons Market Size, By Industry, 2014–2022 (Thousand Units)
Table 13 Lighting Products Market Size, By Industry, 2014–2022 (USD Million)
Table 14 Lighting Products Market Size, By Industry, 2014–2022 (Thousand Units)
Table 15 Sensors Market Size, By Industry, 2014–2022 (USD Million)
Table 16 Sensors Market Size, By Industry, 2014–2022 (Thousand Units)
Table 17 Bells & Horns Market Size, By Industry, 2014–2022 (USD Million)
Table 18 Bells & Horns Market Size, By Industry, 2014–2022 (Thousand Units)
Table 19 Fire Alarms/Call Points Market Size, By Industry, 2014–2022 (USD Million)
Table 20 Fire Alarms/Call Points Market Size, By Industry, 2014–2022 (Thousand Units)
Table 21 Speakers & Tone Generators Market Size, By Industry, 2014–2022 (USD Million)
Table 22 Speakers & Tone Generators Market Size, By Industry, 2014–2022 (Thousand Units)
Table 23 Visual & Audible Combination Units Market Size, By Industry, 2014–2022 (USD Million)
Table 24 Visual & Audible Combination Units Market Size, By Industry, 2014–2022 (Thousand Units)
Table 25 Market Size, By Connectivity Service, 2014–2022 (USD Million)
Table 26 Hazardous Area Equipment, By Industry, 2014–2022 (USD Million)
Table 27 Market for Oil & Gas Industry, By Region, 2014–2022 (USD Million)
Table 28 North America; Hazardous Area Equipment for Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 29 Europe: Market for Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 30 Asia-Pacific: Hazardous Area Equipment for Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 31 RoW: Market for Oil & Gas Industry, By Region, 2014–2022 (USD Million)
Table 32 Hazardous Area Equipment for Chemical & Pharmaceutical Industry, By Region, 2014–2022 (USD Million)
Table 33 North America: Market for Chemical & Pharmaceutical Industry, By Country, 2014–2022 (USD Million)
Table 34 Europe: Hazardous Area Equipment for Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 35 Asia-Pacific: Market for Chemical & Pharmaceutical Industry, By Country, 2014–2022 (USD Million)
Table 36 RoW: Hazardous Area Equipment for Chemical & Pharmaceutical Industry, By Region, 2014–2022 (USD Million)
Table 37 Market for Food & Beverage Industry, By Region, 2014–2022 (USD Million)
Table 38 North America: Hazardous Area Equipment for Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 39 Europe:  Market for Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 40 Asia-Pacific: Hazardous Area Equipment for Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 41 RoW:  Market for Food & Beverage Industry, By Region, 2014–2022 (USD Million)
Table 42 Hazardous Area Equipment for the Energy & Power Industry, By Region, 2014–2022 (USD Million)
Table 43 North America: Market for Energy & Power Industry, By Country, 2014–2022 (USD Million)
Table 44 Europe: Hazardous Area Equipment for Energy & Power Industry, By Country, 2014–2022 (USD Million)
Table 45 Asia-Pacific: Hazardous Area Equipment Market for Energy & Power Industry, By Country, 2014–2022 (USD Million)
Table 46 RoW: Hazardous Area Equipment for Energy & Power Industry, By Region, 2014–2022 (USD Million)
Table 47  Market for Mining Industry, By Region, 2014–2022 (USD Million)
Table 48 North America: Hazardous Area Equipment for Mining Industry, By Country, 2014–2022 (USD Million)
Table 49 Europe: Market for Mining Industry, By Country, 2014–2022 (USD Million)
Table 50 Asia-Pacific: Hazardous Area Equipment  for Mining Industry, By Country, 2014–2022 (USD Million)
Table 51 RoW: Hazardous Area Equipment Market for Mining Industry, By Region, 2013–2022 (USD Million)
Table 52 Market for Other Industries, By Region, 2014–2022 (USD Million)
Table 53 North America: Hazardous Area Equipment for Other Industries, By Country, 2014–2022 (USD Million)
Table 54 Europe: Hazardous Area Equipment Market for Other Industries, By Country, 2014–2022 (USD Million)
Table 55 Asia-Pacific: Hazardous Area Equipment for Other Industries, By Country, 2014–2022 (USD Million)
Table 56 RoW:  Market for Other Industries, By Region, 2013–2022 (USD Million)
Table 57 Market, By Region, 2014–2022 (USD Million)
Table 58 North America: Hazardous Area Equipment , By Country, 2014–2022 (USD Million)
Table 59 Europe: Hazardous Area Equipment Market Size, By Country, 2014–2022 (USD Million)
Table 60 Asia-Pacific: Market Size, By Country, 2014–2022 (USD Million)
Table 61 RoW: Market Size, By Region, 2014–2022 (USD Million)
Table 62 Market Ranking Analysis in the Market, 2016
Table 63 New Product Launches/Developments, 2016
Table 64 Agreements, Partnerships, and Expansions, 2014–2016
Table 65 Mergers & Acquisitions, 2016


List of Figures (71 Figures)

Figure 1 Hazardous Area Equipment Market: Process Flow of Market Size Estimation
Figure 2 Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Hazardous Area Equipment Size: Value & Volume, 2014–2022
Figure 7 Hazardous Area Equipment Share (Value), By Product Type, 2014–2022
Figure 8 Hazardous Area Equipment Market, By Connectivity Service, 2016 (USD Million)
Figure 9 Hazardous Area Equipment Ranking Analysis, By Industry, 2016
Figure 10 RoW Accounted for the Largest Share of the Market in 2016
Figure 11 Hazardous Area Equipment Market Expected to Have Attractive Opportunities Between 2017 and 2022
Figure 12 The Cable Glands & Accessories Segment to Lead the Market Between 2017 and 2022
Figure 13 Wireless Connectivity Service to Hold A Larger Share of the Hazardous Area Equipment Market By 2022
Figure 14 The Oil & Gas Segment Held the Largest Market Size of the Global Market in 2016
Figure 15 Middle East & Africa Held the Largest Share of the Hazardous Area Equipment Market in 2016
Figure 16 Growing Focus on Safety Measures in Industries Expected to Propel the Growth of the Hazardous Area Equipment Market
Figure 17 Value Chain Analysis: Major Value is Added During the Raw Material Selection and Software Interfacing & Hardware Installation Stages
Figure 18 Hazardous Area Equipment Market: Porter’s Five Forces Analysis, 2016
Figure 19 Porter’s Five Forces Analysis of the Hazardous Area Equipment Market
Figure 20 Medium Impact of Threat of New Entrants Due to Less R&D Expenditure
Figure 21 High Impact of Threat of New Substitutes Because of High Substitute Product Quality
Figure 22 Medium Impact of Bargaining Power of Suppliers Due to the Brand Equity of Suppliers
Figure 23 High Impact of Bargaining Power of Buyers Due to Presence of Several Buyers in the Market
Figure 24 High Impact of Intensity of Competitive Rivalry Due to A Number of Large Firms and Several New Product Launches
Figure 25 Market Segmentation, By Product Type
Figure 26 Cable Glands & Accessories to Lead the Market in Terms of Value, During the Forecast Period
Figure 27 Global Hazardous Area Equipment Market Share (Volume), By Product, 2016
Figure 28 Oil & Gas Industry Found the Largest Application for Cable Glands & Accessories in Hazardous Areas in 2016
Figure 29 Oil & Gas Industry to Be the Largest Application for Process Instruments in Hazardous Areas in 2016
Figure 30 Oil & Gas Industry to Lead the Market for Industrial Controls in Hazardous Areas During the Forecast Period
Figure 31 Motors Market Size, 2016 vs 2022 (USD Million & Thousand Units)
Figure 32 Strobe Beacons Accounted for the Largest Demand in the Oil & Gas Industry in 2016
Figure 33 Lighting Products Found Maximum Application in the Oil & Gas Industry in 2016
Figure 34 Oil & Gas Industry to Be the Largest End-Use Industry Lighting Products in Hazardous Areas, in Terms of Volume, During the Forecast Period
Figure 35 Oil & Gas Industry Dominated the Market for Bells & Horns in 2016
Figure 36 Speakers & Tone Generators Market Size, 2016 (USD Million & Thousand Units)
Figure 37 Hazardous Area Equipment, By Connectivity Service
Figure 38 Wireless Services to Hold the Largest Size of the Hazardous Area Equipment Market By 2022
Figure 39 Hazardous Area Equipment, By Industry
Figure 40 Oil & Gas Industry to Lead the Market During the Forecast Period
Figure 41 RoW Held the Largest Share of the Hazardous Area Equipment for the Oil & Gas Industry in 2016
Figure 42 Europe Led the Chemical & Pharmaceutical Industry in the Market in 2016
Figure 43 U.S. Held the Largest Share of the North American Hazardous Area Equipment for the Chemical & Pharmaceutical Industry in 2016
Figure 44 Germany is Projected to Lead the European Market for the Chemical & Pharmaceutical Industry During the Forecast Period
Figure 45 North America Held the Largest Share of the Hazardous Area Equipment for the Food & Beverage Industry in 2016
Figure 46 U.S. Held the Largest Share of the North American Market for the Food & Beverage Industry in 2016
Figure 47 Asia-Pacific is Projected to Lead the Hazardous Area Equipment for the Energy & Power Industry Between 2017 and 2022
Figure 48 U.S. Led the North American Hazardous Area Equipment Market for Mining Industry in 2016
Figure 49 North America to Lead the Hazardous Area Equipment for Other Industries During the Forecast Period
Figure 50 Hazardous Area Equipment Market, By Geography
Figure 51 RoW is Projected to Lead the Hazardous Area Equipment in Terms of Value During the Forecast Period
Figure 52 North America: Hazardous Area Equipment Market Snapshot
Figure 53 The U.S. Held the Largest Share of the North American Hazardous Area Equipment in 2016
Figure 54 Europe: Hazardous Area Equipment Market Snapshot
Figure 55 Germany is Estimated to Account for the Largest Market for Hazardous Area Equipment in Europe Through 2022
Figure 56 Hazardous Area Equipment Market Snapshot in Asia-Pacific in 2016
Figure 57 China to Be the Leading Market for Hazardous Area Equipment in Asia-Pacific Till 2022
Figure 58 Middle East & Africa to Be the Leading Market for the Overall Hazardous Area Equipment Till 2022
Figure 59 Companies Adopted New Product Launches as the Key Growth Strategy Between 2014 and 2016
Figure 60 Market Evolution Framework – New Product Launches/Developments Fueled Growth and Innovations in the Hazardous Area Equipment Between 2014 and 2016
Figure 61 Battle for Market Share: New Product Launches/Developments Was the Key Growth Strategy, 2014–2016
Figure 62 Dive Chart
Figure 63 Geographic Revenue Mix of Top 5 Players
Figure 64 Siemens AG: Company Snapshot
Figure 65 Honeywell International, Inc.: Company Snapshot
Figure 66 ABB Ltd.: Company Snapshot
Figure 67 Rockwell Automation, Inc.: Company Snapshot
Figure 68 Eaton Corporation PLC: Company Snapshot
Figure 69 Emerson Electric Co.: Company Snapshot
Figure 70 R. Stahl AG: Company Snapshot
Figure 71 Federal Signal Corporation: Company Snapshot

The hazardous area equipment market was valued at USD 6.24 Billion in 2016 and is expected to reach USD 8.82 Billion by 2022, at a CAGR of 5.74% during the forecast period. The growth of this market is being propelled by the growing focus on industry safety measures and rise in the usage of LED lighting solutions for hazardous and safe areas.

The market for hazardous area equipment has been segmented into product types, connectivity services, industries, and geographical regions. Cable glands and accessories have been accounting for a significant share of the hazardous area equipment market since last few years, owing to the increasing importance in all the process-oriented industries for the equipment and environmental cabling purposes.

The oil & gas industry accounted for the largest share of the overall hazardous area equipment. The hazardous area equipment for the oil & gas industry is expected to grow at a high rate between 2017 and 2022. The need for high-performance hazardous area equipment that can operate efficiently in a variety of challenging environ­ments is driving the demand for these products in the oil & gas industry.

The wireless connectivity services segment is expected to hold a major market share during the forecast period. The growth of the wireless services segment is especially attributed to its lower installation cost, cablefree environment, requirement of reduction in space and weight, and so on.

The growing focus on increasing safety measures in industries, especially process and cooling industries, is creating a significant demand for flame- and explosion-proof hazardous area equipment such as industrial controls, cable glands, motors, sensors, strobe beacons, lightings, and so on. Thus, the hazardous area equipment market is expected to grow at a steady rate in the next five years. However, the key factor which is limiting the growth of the hazardous area equipment is that the wireless hazardous area equipment act as a source of ignition in hazardous areas. In addition, manufacturing hazardous area equipment that can operate in wide areas and overcome noise is the key challenges for the industry players.

In 2016, RoW accounted for the largest share of the global hazardous area equipment market. In addition, the presence of major industries, such as oil & gas (offshore and onshore) and mining, is driving the demand for hazardous area equipment in the region. North America accounted for the second-largest share of the hazardous area equipment.

Hazardous Area Equipment Market

This report describes the drivers, restraints, opportunities, and challenges pertaining to the hazardous area equipment market. In addition, it analyzes the current scenario and forecasts the market size till 2022, including the market segmentation based on product type, connectivity service, industry, and geography.

Some of the key players in the hazardous area equipment market include Honeywell International, Inc. (US), PATLITE Corporation (US), Eaton Corporation Plc (US), Siemens AG (Germany), Emerson Electric Co. (US), NHP Electric Engineering Products (Australia), Rockwell Automation (US), E2S Warning Signals (US), ABB Ltd. (Switzerland), and R.STAHL AG. (Germany).

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