Hazardous Area Equipment Market - Forecast(2024 - 2030)
Hazardous Area Equipment Market Overview
Hazardous
Area Equipment Market is analysed to grow at a CAGR of 20.53% during the
forecast 2022-2027 to reach $13.96 billion. Hazardous area equipment refers to
some products that can minimize the damage from the incidents like fire or the
ability to perform optimally in extreme environments. It includes several
products ranging from cable glands and accessories, control panels, buttons, to
lighting, strobe beacons. The demand for hazardous area equipment is driven by
the process industries, where the functions of this equipment are necessary to
continue, despite the high heat or radiation or detrimental substances.
Hazardous area equipment is utilized based on the division or class or zone of
the hazardous areas. With the increasing amount of waste across various parts
of the globe, the availability of dangerous substances exposed in public
without any safety measures is witnessed to remain high. This often carries
potential ignition substances which may harm adversely to the environment. These
factors tend to bring significant growth in the demand of hazardous area
equipment, further driving its market growth.
Report Coverage
The report: “Hazardous Area Equipment Industry Outlook
– Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the
following segments of the Hazardous Area Equipment Market.
By Product: Cable Glands and Accessories,
Industrial Controls, Process Instruments, Strobe Beacons, Lighting, Fire Alarms/Call
Points, Sensors, Bells and Horns, Visual & Audible Combination Units and
Others.
By Connectivity: Wired Connectivity and Wireless
Connectivity.
By End-Use Industry: Oil & Gas, Chemical &
Pharmaceutical, Food & Beverage, Energy & Power, Water & Waste
Treatment, Mining & Metal and Others.
By Geography: North America(U.S., Canada and
Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia, Rest of Europe);
APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South
America(Brazil, Argentina, Rest of Americas); Row (Middle East & Africa).
Key Takeaways
- The growing focus on increasing safety measures across various industries, especially process and cooling industries is analysed to significantly drive the Hazardous Area Equipment Market during the forecast period 2022-2027.
- Cable glands and accessories robotics is analysed to hold highest share 21.47% in 2021 owing to the increasing importance in all the process-oriented industries for the equipment and environmental cabling purposes.
- Oil & Gas industry is expected to hold the highest market share 28.11% in the forecast period owing to the maximum exposure to the hazardous areas which requires majority of the equipment.
- Asia-Pacific is analysed to hold the highest share of 30% in 2021 owing to the availability of various end-use industries with huge adoption of hazardous area equipment.
Global Hazardous Area Equipment Market Share, By Region, 2021 (%)
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Hazardous Area Equipment Market Segment Analysis - By Product
By
Product, the Hazardous Area Equipment Market Report is segmented into Cable
Glands and Accessories, Industrial Controls, Process Instruments, Strobe
Beacons, Lighting, Fire Alarms/Call Points, Sensors, Bells and Horns, Visual
& Audible Combination Units and Others. Cable Glands and Accessories segment
is analysed to hold highest share 21.47% in 2021 owing to the increasing
importance in all the process-oriented industries for the equipment and
environmental cabling purposes. Cable glands are used as cable entry
devices to provide a safe connection of suitable cables to enclosures and maintain the ingress
properties of the installation. In hazardous area classified areas they also
need to maintain the explosion protection of equipment. Different material of
Cable glands are being adopted by the end-use industries as required which is
generally classified in the basis of temperature zones. This wide range of
availability with various end-use applications tend to drive its market growth
among other products.
Hazardous Area Equipment Market Segment Analysis - By End Use Industry
By End-use Industry,
the Hazardous Area Equipment Market Report is segmented into Oil & Gas,
Chemical & Pharmaceutical, Food & Beverage, Energy & Power, Water
& Waste Treatment, Mining & Metal and Others. Oil & Gas sector is
analysed to hold the highest share 28.11% during the forecast period 2022-2027 owing
to the maximum exposure to the hazardous areas which requires majority of the
equipment. Among the various end-use industries equipped with different types
of hazardous area equipment products, Oil & Gas industry is expected to
witness significant market share because there is high risk of fire or
explosion hazards occurring due to presence of flammable gases, combustible
liquid–produced vapours, flammable liquid–produced vapours combustible dusts,
or ignitable fibres/ flying particles present in the air in quantities
sufficient to produce explosive mixtures which may ignite on exposure to
extreme conditions of temperature and pressure. This vast availability of
hazardous areas tend to bring significant growth in the demand of hazardous
area equipment, further driving its market growth across Oil & Gas
Industry.
Hazardous Area Equipment Market Segment Analysis - By Geography
Asia-Pacific is analysed to be the major region with a share of 30% in 2021 for the Hazardous Area Equipment Market owing to the availability of various end-use industries with huge adoption of hazardous area equipment. With the availability of the world’s largest oil & gas refinery in the world in this region which exists in India tend to possess huge adoption of hazardous area equipment. Moreover, according to World Bank Reports, investments done in manufacturing sector in Asia-Pacific region is highest among other regions. For instance, investment done in Asia-Pacific region accounted for $6.24 trillion in 2020 which is way higher than other regions such as North America which was accounted for $2.51 trillion in 2020. This huge investment in across wide range of manufacturing industries is anticipated to significantly drive the market growth of hazardous area equipment during the forecast period.
Hazardous Area Equipment Market Drivers
Increasing safety concerns across various industries driving the demand of hazardous area equipment
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 many others. Thus the
hazardous area equipment market is expected to grow at a steady rate during the
forecast period. Many industries has witnessed hazardous accidents in last few
years across the globe which has caused huge life loss of high amount of human
resources. This has brought various safety standards and the manufacturing of
various hazardous control equipment. This tend to drive the market growth of
hazardous area equipment during the forecast period. Moreover, with the
increasing number of industries where such equipment plays a vital role is
analysed to drive the growth of the hazardous area equipment market.
Rising government regulations for the manufacturing of various equipment used in hazardous area is propelling the Hazardous Area Equipment Market growth
Rising
government regulations across the globe for the manufacturing of various
hazardous area equipment is analysed to drive its market growth. Different
regulations such as IECEx (International Electrotechnical Commission
System) for hazardous area certification relating to equipment to be used in
potentially explosive atmospheres. ATEX which is an European
Directive which stipulates and certifies equipment intended for hazardous
areas explosive atmospheres to be designed and manufactured to minimize the
occurrence and limit the severity of accidental explosions. CSA, which is an expert source for Ex testing and Ex certification of
explosion-proof equipment used in hazardous locations and potentially explosive
atmospheres across North America. EAC EXTR CU which is
a certificate of conformity for the Russian Customs Union for safety of
equipment for use in explosive atmospheres is mandatory for any electrical
equipment that is to be operated, or installed, in hazardous areas and potentially
explosive atmospheres in these countries and INMETRO which is a certification
body for Brazil to ensure electrical equipment meets requirements for use in
hazardous and potentially explosive atmospheres. These governmental regulations
has driven the manufacturing of several hazardous area equipment of wide range
of materials with high temperature ranges tend to drive its market growth
during the forecast period.
Hazardous Area Equipment Market Challenges
Wireless hazardous area equipment is prone to ignition which is analysed to hamper the Hazardous Area Equipment Market growth
One of the most important factors restraining the
market growth of Hazardous Area Equipment Market across the global is the ongoing
adoption of wireless connectivity equipment due to ongoing adoption of
automation solutions. However, this wireless connectivity hazardous area
equipment is prone to ignition which may lead to huge damages across the
industry. This tends to bring major challenges in its market growth across
various industries. Moreover, factors such as the cost of implementation as
well as the lack of awareness of the various regulations in safety standards
across industries tend to restrain the hazardous area equipment market growth.
Hazardous Area Equipment Industry Outlook
Production Innovation, Acquisitions, Collaboration, and R&D
activities are key strategies adopted by players in the Hazardous Area Equipment Market. In 2020, the market of Hazardous Area Equipment industry outlook has been fragmented by several companies. Hazardous Area Equipment top 10
companies include
- ABB Ltd.
- E2S Warning Signals
- Eaton Corporation PLC (Cooper Industries)
- Emerson Electric Co.
- Federal Signal Corporation
- ·Honeywell International, Inc.
- NHP Electrical Engineering Products Pty Ltd.
- Patlite Corporation
- Rockwell Automation, Inc.
- Siemens AG
Recent Developments
- In January 2020, ABB Ltd. launched their new Smart Sensor for rotating machines operating in hazardous areas. It further extends the existing scope of applications for ABB Smart Sensors with a new generation design for powertrains in hazardous areas. Chemical and oil and gas customers can now benefit from cost-efficient condition monitoring in a wide variety of applications.
- In February 2019, Honeywell International, Inc. launched their new Micro Switch series designed for use in household appliances and other hazardous locations where flammable gasses may be present. It is an explosion-proof-rated, snap-action, electromechanically sealed switch designed for applications such as commercial appliances, valves and actuators, commercial refrigeration, ice makers, and HVAC/R (furnace, refrigeration and ventilation).
Relevant Report Titles:
LIST OF TABLES
1.Global Hazardous Area Equipment Market By Product Type Market 2023-2030 ($M)1.1 Cable Glands & Accessories Market 2023-2030 ($M) - Global Industry Research
1.2 Process Instruments Market 2023-2030 ($M) - Global Industry Research
1.3 Industrial Controls Market 2023-2030 ($M) - Global Industry Research
1.4 Motors Market 2023-2030 ($M) - Global Industry Research
1.5 Strobe Beacons Market 2023-2030 ($M) - Global Industry Research
1.6 Lighting Products Market 2023-2030 ($M) - Global Industry Research
1.7 Sensors Market 2023-2030 ($M) - Global Industry Research
1.8 Bells & Horns Market 2023-2030 ($M) - Global Industry Research
1.9 Fire Alarms/Call Points Market 2023-2030 ($M) - Global Industry Research
1.10 Speakers & Tone Generators Market 2023-2030 ($M) - Global Industry Research
1.11 Visual & Audible Combination Units Market 2023-2030 ($M) - Global Industry Research
2.Global Hazardous Area Equipment Market By Connectivity Service Market 2023-2030 ($M)
2.1 Wired Connectivity Service Market 2023-2030 ($M) - Global Industry Research
2.2 Wireless Connectivity Service Market 2023-2030 ($M) - Global Industry Research
3.Global Hazardous Area Equipment Market By Industry Market 2023-2030 ($M)
3.1 Oil & Gas Market 2023-2030 ($M) - Global Industry Research
3.2 Hemical & Pharmaceutical Market 2023-2030 ($M) - Global Industry Research
3.3 Food & Beverage Market 2023-2030 ($M) - Global Industry Research
3.4 Energy & Power Market 2023-2030 ($M) - Global Industry Research
3.5 Mining Market 2023-2030 ($M) - Global Industry Research
4.Global Hazardous Area Equipment Market By Product Type Market 2023-2030 (Volume/Units)
4.1 Cable Glands & Accessories Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Process Instruments Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Industrial Controls Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Motors Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Strobe Beacons Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Lighting Products Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Sensors Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Bells & Horns Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Fire Alarms/Call Points Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 Speakers & Tone Generators Market 2023-2030 (Volume/Units) - Global Industry Research
4.11 Visual & Audible Combination Units Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Hazardous Area Equipment Market By Connectivity Service Market 2023-2030 (Volume/Units)
5.1 Wired Connectivity Service Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Wireless Connectivity Service Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Hazardous Area Equipment Market By Industry Market 2023-2030 (Volume/Units)
6.1 Oil & Gas Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Hemical & Pharmaceutical Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Food & Beverage Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Energy & Power Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Mining Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Hazardous Area Equipment Market By Product Type Market 2023-2030 ($M)
7.1 Cable Glands & Accessories Market 2023-2030 ($M) - Regional Industry Research
7.2 Process Instruments Market 2023-2030 ($M) - Regional Industry Research
7.3 Industrial Controls Market 2023-2030 ($M) - Regional Industry Research
7.4 Motors Market 2023-2030 ($M) - Regional Industry Research
7.5 Strobe Beacons Market 2023-2030 ($M) - Regional Industry Research
7.6 Lighting Products Market 2023-2030 ($M) - Regional Industry Research
7.7 Sensors Market 2023-2030 ($M) - Regional Industry Research
7.8 Bells & Horns Market 2023-2030 ($M) - Regional Industry Research
7.9 Fire Alarms/Call Points Market 2023-2030 ($M) - Regional Industry Research
7.10 Speakers & Tone Generators Market 2023-2030 ($M) - Regional Industry Research
7.11 Visual & Audible Combination Units Market 2023-2030 ($M) - Regional Industry Research
8.North America Hazardous Area Equipment Market By Connectivity Service Market 2023-2030 ($M)
8.1 Wired Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
8.2 Wireless Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
9.North America Hazardous Area Equipment Market By Industry Market 2023-2030 ($M)
9.1 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
9.2 Hemical & Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
9.3 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
9.4 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
9.5 Mining Market 2023-2030 ($M) - Regional Industry Research
10.South America Hazardous Area Equipment Market By Product Type Market 2023-2030 ($M)
10.1 Cable Glands & Accessories Market 2023-2030 ($M) - Regional Industry Research
10.2 Process Instruments Market 2023-2030 ($M) - Regional Industry Research
10.3 Industrial Controls Market 2023-2030 ($M) - Regional Industry Research
10.4 Motors Market 2023-2030 ($M) - Regional Industry Research
10.5 Strobe Beacons Market 2023-2030 ($M) - Regional Industry Research
10.6 Lighting Products Market 2023-2030 ($M) - Regional Industry Research
10.7 Sensors Market 2023-2030 ($M) - Regional Industry Research
10.8 Bells & Horns Market 2023-2030 ($M) - Regional Industry Research
10.9 Fire Alarms/Call Points Market 2023-2030 ($M) - Regional Industry Research
10.10 Speakers & Tone Generators Market 2023-2030 ($M) - Regional Industry Research
10.11 Visual & Audible Combination Units Market 2023-2030 ($M) - Regional Industry Research
11.South America Hazardous Area Equipment Market By Connectivity Service Market 2023-2030 ($M)
11.1 Wired Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
11.2 Wireless Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
12.South America Hazardous Area Equipment Market By Industry Market 2023-2030 ($M)
12.1 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
12.2 Hemical & Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
12.3 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
12.4 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
12.5 Mining Market 2023-2030 ($M) - Regional Industry Research
13.Europe Hazardous Area Equipment Market By Product Type Market 2023-2030 ($M)
13.1 Cable Glands & Accessories Market 2023-2030 ($M) - Regional Industry Research
13.2 Process Instruments Market 2023-2030 ($M) - Regional Industry Research
13.3 Industrial Controls Market 2023-2030 ($M) - Regional Industry Research
13.4 Motors Market 2023-2030 ($M) - Regional Industry Research
13.5 Strobe Beacons Market 2023-2030 ($M) - Regional Industry Research
13.6 Lighting Products Market 2023-2030 ($M) - Regional Industry Research
13.7 Sensors Market 2023-2030 ($M) - Regional Industry Research
13.8 Bells & Horns Market 2023-2030 ($M) - Regional Industry Research
13.9 Fire Alarms/Call Points Market 2023-2030 ($M) - Regional Industry Research
13.10 Speakers & Tone Generators Market 2023-2030 ($M) - Regional Industry Research
13.11 Visual & Audible Combination Units Market 2023-2030 ($M) - Regional Industry Research
14.Europe Hazardous Area Equipment Market By Connectivity Service Market 2023-2030 ($M)
14.1 Wired Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
14.2 Wireless Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
15.Europe Hazardous Area Equipment Market By Industry Market 2023-2030 ($M)
15.1 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
15.2 Hemical & Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
15.3 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
15.4 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
15.5 Mining Market 2023-2030 ($M) - Regional Industry Research
16.APAC Hazardous Area Equipment Market By Product Type Market 2023-2030 ($M)
16.1 Cable Glands & Accessories Market 2023-2030 ($M) - Regional Industry Research
16.2 Process Instruments Market 2023-2030 ($M) - Regional Industry Research
16.3 Industrial Controls Market 2023-2030 ($M) - Regional Industry Research
16.4 Motors Market 2023-2030 ($M) - Regional Industry Research
16.5 Strobe Beacons Market 2023-2030 ($M) - Regional Industry Research
16.6 Lighting Products Market 2023-2030 ($M) - Regional Industry Research
16.7 Sensors Market 2023-2030 ($M) - Regional Industry Research
16.8 Bells & Horns Market 2023-2030 ($M) - Regional Industry Research
16.9 Fire Alarms/Call Points Market 2023-2030 ($M) - Regional Industry Research
16.10 Speakers & Tone Generators Market 2023-2030 ($M) - Regional Industry Research
16.11 Visual & Audible Combination Units Market 2023-2030 ($M) - Regional Industry Research
17.APAC Hazardous Area Equipment Market By Connectivity Service Market 2023-2030 ($M)
17.1 Wired Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
17.2 Wireless Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
18.APAC Hazardous Area Equipment Market By Industry Market 2023-2030 ($M)
18.1 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
18.2 Hemical & Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
18.3 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
18.4 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
18.5 Mining Market 2023-2030 ($M) - Regional Industry Research
19.MENA Hazardous Area Equipment Market By Product Type Market 2023-2030 ($M)
19.1 Cable Glands & Accessories Market 2023-2030 ($M) - Regional Industry Research
19.2 Process Instruments Market 2023-2030 ($M) - Regional Industry Research
19.3 Industrial Controls Market 2023-2030 ($M) - Regional Industry Research
19.4 Motors Market 2023-2030 ($M) - Regional Industry Research
19.5 Strobe Beacons Market 2023-2030 ($M) - Regional Industry Research
19.6 Lighting Products Market 2023-2030 ($M) - Regional Industry Research
19.7 Sensors Market 2023-2030 ($M) - Regional Industry Research
19.8 Bells & Horns Market 2023-2030 ($M) - Regional Industry Research
19.9 Fire Alarms/Call Points Market 2023-2030 ($M) - Regional Industry Research
19.10 Speakers & Tone Generators Market 2023-2030 ($M) - Regional Industry Research
19.11 Visual & Audible Combination Units Market 2023-2030 ($M) - Regional Industry Research
20.MENA Hazardous Area Equipment Market By Connectivity Service Market 2023-2030 ($M)
20.1 Wired Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
20.2 Wireless Connectivity Service Market 2023-2030 ($M) - Regional Industry Research
21.MENA Hazardous Area Equipment Market By Industry Market 2023-2030 ($M)
21.1 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
21.2 Hemical & Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
21.3 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
21.4 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
21.5 Mining Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Hazardous Area Equipment Market Revenue, 2023-2030 ($M)2.Canada Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
3.Mexico Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
4.Brazil Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
5.Argentina Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
6.Peru Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
7.Colombia Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
8.Chile Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
9.Rest of South America Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
10.UK Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
11.Germany Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
12.France Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
13.Italy Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
14.Spain Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
15.Rest of Europe Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
16.China Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
17.India Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
18.Japan Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
19.South Korea Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
20.South Africa Hazardous Area Equipment Market Revenue, 2023-2030 ($M)
21.North America Hazardous Area Equipment By Application
22.South America Hazardous Area Equipment By Application
23.Europe Hazardous Area Equipment By Application
24.APAC Hazardous Area Equipment By Application
25.MENA Hazardous Area Equipment By Application
26.Siemens AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.ABB Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Eaton Corporation PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Emerson Electric Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Patlite Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.R. Stahl AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.E2S Warning Signals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.NHP Electrical Engineering Products Pty Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Key Innovators, Sales /Revenue, 2015-2018 ($Mn/$Bn)