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In 2016, the
construction industry accounted for 25.396% of the world’s total GDP, according
to the World Bank.[1] This
is attributable to a gamut of construction activities happening across the
globe, and the construction industry will continue to surge as it will play a
significant role in fulfilling the sustainable development goals of the United
Nations (UN). The construction sector utilizes air conditioners, which are
categorized as hazardous location explosion proof equipment air conditioners. The
categorization is due to the fact that a construction site is susceptible to
safety incidents, and therefore, special explosion proof air conditioners are
used. The surge in construction activities worldwide will lead to lucrative
growth prospects in the hazardous location air conditioners market, which is
poised to attain an impressive valuation of $436.85m by the end of 2023, as the
market will experience an increment in demand at a CAGR of 2.3% during the
forecast period 2018-2023.
The hazardous location
air conditioners market report titled “Hazardous Location Air Conditioners
Market: By Type (Central Air Conditioner, Dehumidifiers, Ductless Split
Systems, Portables, Packaged Terminal AC, Room, Thru-The Wall, Vertical Units);
By Location ( Class, Division, Group, Zones); By Temperature ( T1, T2, T3,
Others); By End user (Oil and Gas, Food processing, Textiles, Mining, Others)
& By Geography- Forecast (2018-2023)” contains information about the growth
prospects for the vendors in various end-user industries along with the facts,
figures, and statistics that will help one to know the dynamics of the market.
Furthermore, the report also describes the challenges, trends, and
opportunities that will create disruption in the hazardous location air
conditioners market during the forecast period.
Hazardous Location Air
Conditioners Market: Geographical Analysis & Leading Segments
Americas held the
greatest hazardous location air conditioners market share in 2017, and the
regional market was valued to be $107.81m in that year. This is attributable to
the opportunities offered by countries such as Mexico, the U.S., Canada, and
Brazil, where end-user industries such as construction, chemicals, and
manufacturing are making strides. The upcoming years will witness APAC becoming
a prominent hazardous location air conditioners marketplace because of the
growing construction and manufacturing sector. For instance, India is
experiencing impressive growth in the pharmaceutical and oil & gas
industry. According to the Indian Brand Equity Foundation (IBEF), the Indian
pharmaceutical exports were evaluated at $17.27 billion in FY18.[2] Similarly,
the oil & gas industry is poised to grow. These manufacturing sectors that
are booming in India and other countries such as China, Indonesia, Malaysia,
and others will lead to a demand influx in the hazardous location air
conditioners market.
The key application
segment in the hazardous location air conditioners market is found to be the
oil & gas industry, and it will grow at a steady CAGR of 1.89% through 2023.
This is because of the growing demand for energy, which is quite evident from
the fact that the total energy demand will increase from 276 mboe/d in 2015 to
339.4 mboe/d in 2030.[3] A
significant amount of this energy requirement is attributed to the demand for
oil & gas. This will lead to an expansion of the oil & gas industry
worldwide, and there will be an increase in the number of production plants,
which will be incorporated with hazardous location air conditioners, thereby increasing
the hazardous location air conditioners market revenue.
Hazardous Location Air
Conditioners Market: Trends and Growth Drivers
· Aerospace & Defense Sector Creating Demand
Influx –
According to the International Air Transport
Association (IATA), the air transport industry is set to grow, and 39,000
aircraft will be produced by 2027.[4] Subsequently,
there will be a demand influx in the hazardous location air conditioners market
as these aircraft will be equipped with air conditioners.
· The Mining Industry Creating Opportunities –
The global mining industry is progressing
rapidly, and it can be further fathomed by the growing mining
equipment market. According to the
National Mining Association, in 2016, the U.S. alone produced raw materials
worth $74.6 billion.[5] Similarly,
China, India, Russia, Mexico, and a few other countries are mining hubs. These
mining industries are hazardous and need explosion proof air conditioners. The
growing mining industry is creating a sustainable hazardous location air
conditioners marketplace.
Hazardous Location Air
Conditioners Market: Competitive Landscape
Some of the key
companies identified in the hazardous location air conditioners market
intelligence report that are striving to capitalize on the
customer-base are Safeair, Kooltronics, Mattiks, EIC Solutions, Thermal
Edge, and others.
Talk to one of our sales
representatives about the full report by providing your details in the link
below:
https://www.industryarc.com/support.php?id=171
Related Reports:
a) HVAC Equipment Market
https://www.industryarc.com/Report/105/HVAC-Systems-equipment-Market.html
b) Explosion Proof Equipment Market
https://www.industryarc.com/Report/109/Explosion-Proof-Equipment-Systems-Market-Report.html
c) Explosion Proof Equipment in Automation & Control Systems
Market
d) Mechanical
Explosion Proof Equipment Market
What
can you expect from the report?
The hazardous location air
conditioners market report is prepared with the main agenda to cover the
following 20 points:
1. Market Size by
Product Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends &
Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user
Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current & Future
Market Landscape
Analysis
9. Mergers &
Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Frequently
Asked Questions:
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting
data from our database of reports and annual subscription databases. We can
provide the following free customization:
1. Increase the level of
data in the application or end user industry chapter
2. Increase the number
of countries in the geography chapter
3. Find out market
shares for other smaller companies or companies that are of interest to you
4. Company profiles can
be requested based on your interest
5. Patent analysis,
pricing, product analysis, product benchmarking, and value and supply chain
analysis can be requested for a country or end use segment
Any other custom
requirements can be discussed with our team. Drop an e-mail to [email protected] to learn more about our consulting
services.
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proposal, provide your details in the link below:
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Sales
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Email 1:
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About
IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500
reports annually, in various industries such as Agriculture, Automotive,
Automation & Instrumentation, Chemicals and Materials, Energy and Power,
Electronics, Food and Beverages, Information Technology, and Life Sciences and
Healthcare.
References -
[1] https://data.worldbank.org/indicator/nv.ind.totl.zs
[2] https://www.ibef.org/industry/pharmaceutical-india.aspx
[3] https://www.opec.org/opec_web/flipbook/WOO2017/WOO2017/assets/common/downloads/WOO%202017.pdf
[4] https://www.iata.org/whatwedo/Documents/1400_Martin_Harrison_ICF%20IATA%20Paperless%20MRO%20Conference%20Speech.pdf
[5] https://mineralsmakelife.org/economic-growth/