DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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" report to their offering.
Increased usage of cable glands and accessories across diverse explosion-prone industries is fueling the growth of the hazardous area equipment market
The hazardous area equipment market was valued at USD 6.24 billion in 2016 and is expected to reach USD 8.82 billion by 2022, at a CAGR of 5.74% during the forecast period. Wide usage of cable glands for almost all processes and equipment in hazardous areas is resulting in the growing adoption of cable glands.
Cable glands are greatly influenced by the hazardous area equipment market; these are most widely used products by almost every industry in the modern era and are posing opportunities for the industry players to invest in these products.
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. Thus, the global hazardous area equipment market is expected to witness a steady growth in the coming years. However, the key factor that is limiting the growth of this market is the usage of wireless hazardous area equipment, which may cause ignition on industry premises due to electromagnetic waves emitted by them. Also, high maintenance costs associated with hazardous area equipment act as a restraint for the market to grow further.
The hazardous area equipment market for the oil & gas industry is expected to grow at a high rate during the forecast period
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Hazardous Area Equipment Market, By Product Type
8 Hazardous Area Equipment Market, By Connectivity Service
9 Hazardous Area Equipment Market, By Industry
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- 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
- Potter Electric Signal Company, LLC
- Quintex GmbH
- R. Stahl AG
- Rockwell Automation, Inc.
- Siemens AG
- Tomar Electronics, Inc.
- Werma Signaltechnik GmbH
For more information about this report visit http://www.researchandmarkets.com/research/wdszpx/hazardous_area