Global Hazardous Area Equipment Market Segments 2024, Forecast To 2033
5 Mar, 2024
The hazardous area equipment market has demonstrated strong growth, progressing from $9.01 billion in 2023 to $9.74 billion in 2024, with an 8.0% CAGR. Growth drivers include industrialization, stringent safety regulations, globalization, energy exploration and extraction, and increased focus on worker safety. Moving forward, the market is expected to see strong growth, reaching $13.06 billion in 2028 with a 7.6% CAGR. Factors contributing to this growth include the global shift towards renewable energy, demand for modular solutions, focus on cybersecurity in industrial systems, and regulatory changes and compliance standards.
Global Hazardous Area Equipment Market Key Driver
The hazardous area equipment market is witnessing growth propelled by the rising demand for industrial safety. Industrial safety measures are crucial for safeguarding workplaces and workers, and hazardous area equipment plays a vital role in preventing explosions. Data from the Centers for Disease Control and Prevention underscores the need for industrial safety, with numerous accidents and fatalities reported in 2020.
Get A Free Sample Of The Global Hazardous Area Equipment Market ReportGlobal Hazardous Area Equipment Market Segments
The hazardous area equipment market covered in this report is segmented –
1) By Product: Cable Glands And Accessories, Process Instruments, Industrial Controls, Motors, Strobe Beacons, Lighting
2) By Service: Wired, Wireless
3) By Industry: Oil And Gas, Chemical And Pharmaceutical, Food And Beverages, Energy And Power, Mining
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the hazardous area equipment in 2023. The regions covered in the hazardous area equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Hazardous Area Equipment Industry Players
PATLITE USA Corporation.; Eaton Corporation PLC.; Rockwell Automation Inc.; Emerson Electric Co.; Siemens AG.; NHP Electric Engineering Products Pty Ltd.; Honeywell International Inc.; E2S Warning Signals LLC.; ABB Ltd.; Federal Signal Corporation.; Potter Signal Co.; R. STAHL AG.; Tomar Electronics Inc.; Mitsubishi Electric Corporation.; Adalet Inc.; Bartec Group.; Cortem Group.; Delvalle Box.; Extronics Ltd.; G M International Srl.; Hawke International.; Intertek Group PLC.; J B Systems BVBA.; KEB America Inc.; Marechal Electric Group.; Miretti Group.; Pepperl+Fuchs GmbH.; Phoenix Contact GmbH & Co KG.; Raychem RPG.; Redapt Ltd.; S Tahl AG.; Schneider Electric SE.; Shenzhen Hengchangda Industry Co Ltd
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AIOps Hazardous Area Equipment Market Overview
Hazardous area equipment refers to the electrical equipment that is used within hazardous areas that have an operational temperature band or limit. Hazardous area equipment is installed in hazardous areas to prevent an explosion and ensure the safety of people
Hazardous Area Equipment Global Market Report 2023 provides data on the global hazardous area equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hazardous area equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.