Hazardous Area Equipment Market analysis By Product (Cable Glands and Accessories, Lighting, Barrier Products, Industrial Controls, Display Products, Enclosures, Motors, Strobe Beacons, Sensor), By Connectivity (Wireless, Wired), By Industry and Geography
Pune, India – June 29, 2018 /MarketersMedia/ —
Global Hazardous Area Equipment Market is expected to reach USD 36,568.28 Million by 2025 and is projected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation:
By Product (Cable Glands and Accessories, Lighting, Barrier Products, Industrial Controls, Display Products, Enclosures, Motors, Strobe Beacons, Sensor), By Connectivity (Wireless, Wired), By Industry (Oil & Gas, Chemical, Marine & Shipbuilding, Power & Energy, Metals & Mining, Pharmaceutical, Food & Beverage, Rubber & Plastics, Water & Waste Treatment, Military & Aerospace), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Drivers:
The major factors driving the growth of this market are increasing industrial safety measures and technological advancements in led lighting solution.
INCREASING INDUSTRIAL SAFETY MEASURES
The major factor driving the growth of hazardous area equipment is growing focus on industry safety measures. With the increasing demand of safety measures in various industries such as manufacturing, electrical, construction, mining, chemical, pharmaceutical, power & energy rubber & plastics, water and other industries, the need of hazard area equipment’s is growing exponentially. Common workplace hazards like frayed electrical cords, exposed moving machinery parts, loud noises and vibrations, working from ladders, water spillage or other hazards can cause serious health and safety issues for employees at workplace.
Hazardous area equipment’s are products in which safe operation must be ensured to avoid the risk of equipment damage or personal injury. Linear-position sensors are widely used in all manners of industrial systems. In many cases the occurrence of hazardous events need to be taken into an account. Any ignorance could be serious with expensive equipment being severely damaged and lives being at risk. Proper safety measurements with the help of hazard area equipment’s are necessary to control accidents and prevent loss. Companies such as Proeon Systems Ltd. (U.K.), R STAHL AG (Germany) are engaged in manufacturing hazardous area equipment’s worldwide. Thus, the rising need for safety equipment is anticipated to drive hazardous area equipment over the forecast period.
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TECHNOLOGICAL ADVANCEMENTS IN LED LIGHTING SOLUTION
Technology continues to develop and improve in semiconductor and electronics industry. The innovative advancements made in this field are implementing in a wide variety of electrical components. One such component is LED Lighting. In a harsh or hazardous environment, operating conditions are a constant challenge. Lighting plays a vital role in the safe, efficient, and productive operation of any industrial facility. The factor for the rise of LED lighting in hazardous environments is economic as well as technological advanced. In recent years, the LED lightings have become cost effective because of rapid technological advancement. With the same time these high-performance LED’s have been constantly enhanced and upgraded which offers excellent light yield. Moreover, several LED characteristics are well suited to harsh industrial and hazardous environments.
LED lights are digital controls with low-voltage semiconductor device which makes them well suited to connect with microchip microcontrollers unlike older light sources. Both high voltage and analog LED devices are more easily combined with the sensors and microprocessors that are required to create a smart light system. With the help of IoT, the ability for remote monitoring of LED lights can be achieved where data is gathered to monitor the status of the lighting system. Thus, IoT provides the benefit of early warnings for timely scheduling of maintenance and replacement of lighting fixtures.
Major Players:
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.
Table Of Content
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of Global Hazardous Area Equipment Market
1.4 Currency And Pricing
1.5 Limitation
1.6 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Geographic Scope
2.3 Years Considered For The Study
2.4 Currency And Pricing
2.5 Research Methodology
2.6 Primary Interviews With Key Opinion Leaders
2.7 Secondary Sources
2.8 Assumptions
3 Market Overview
3.1 Drivers
3.1.1 Increasing Industrial Safety Measures
3.1.2 Technological Advancements In Led Lighting Solution
3.2 Restraints
3.2.1 Time-Consuming And Expensive Inspection And Maintenance
3.3 Opportunities:-
3.3.1 Increasing Demand For Low-Cost And High Light Output Per Watt Lighting Solutions
3.4 Challenges
3.4.1 Change In Regulatory Complainces
4 Executive Summary
5 Premium Insights
Continue…
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