Hazardous Area Equipment Market

Siemens AG (Germany) znd Honeywell International Inc. (US) are Two of the Key Players in the Hazardous Area Equipment Market

Hazardous locations have high potential for explosions due to flammable gases, combustible liquid-produced vapors, and dust. Hence, choosing the right electrical and non-electrical devices is necessary to mitigate the chances of accidents. The equipment is designed to meet the requirements of various industry applications, including, oil and gas, chemical & pharmaceutical, food & beverages, transportation, mining, and others. The hazardous area equipment market is expected to be valued at USD 8.82 Billion by 2022, growing at a CAGR of 5.74% between 2017 and 2022. The growing focus on increasing safety measures in industries, especially process and cooling, is creating a good demand for flame- and explosion-proof hazardous area equipment such as motors, cable glands, industrial controls, horns, strobe beacons, lighting, and so on.

Siemens AG (Germany) and Honeywell International Inc. (US) are two of the key players in the hazardous area equipment market (audible and visual). Siemens AG (Germany) has a strong presence in the market; it offers a wide range of hazardous area equipment, including motors, sensors, cable glands, beacons, lighting products, alarms, and horns. Apart from a wide hazardous area equipment product portfolio, the company’s strong brand image and diversified customer base are some of the other factors that have helped it gain a significant position in the hazardous area equipment market. Honeywell’s strong position in this market can be attributed to its broad portfolio of hazardous area equipment, comprising fire and gas detectors, video surveillance systems, and voice-enabled workflow solutions. The other companies operating in the hazardous area equipment market include PATLITE Corporation (US), Eaton Corporation Plc (US), Emerson Electric Co. (US), NHP Electric Engineering Products (Australia), Rockwell Automation (US), E2S Warning Signals (US), ABB Ltd. (Switzerland), and R.STAHL AG (Germany).

The major players have primarily adopted the strategy of new product launches and offerings to strengthen their product portfolio and to expand their offerings to newer clients. For instance, in 2016, PATLITE introduced a 40 mm visual signal tower-PHE-3FB2, which can be connected to the port (RS-232C) on a programmed personal computer to control the continuous flashing and alarm functions on the tower. In the same year, R. STAHLAG introduced new-generation flexible LED floodlights for Zone 1, 21, 2, and 22 hazardous areas.

The hazardous area equipment market also witnessed various expansions, acquisitions, and agreements by the key players between 2014 and 2017. For instance, in 2016, Rockwell Automation acquired Automation Control Products (US)-a global leader in the automation industry that offers full-feature centralized thin client and remote desktop server management software. On the other hand, in 2015, Eaton Corporation Plc acquired Oxalis Group Ltd.-a UK-based manufacturer of closed-circuit TV camera stations, public address/general alarm systems, and other electrical products for the hazardous area, marine, and industrial communications markets. The acquisition strengthens the company’s portfolio in the segment of hazardous area equipment.

Related 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

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Report Code
SE 5205
Published ON
Apr, 2017
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