Global Hazardous Area Equipment Market Outlook to 2025: A Projected $36.56 Billion Opportunity - ResearchAndMarkets.com
Jul. 10, 2018
DUBLIN--(BUSINESS WIRE)--Jul 10, 2018--The "Global Hazardous Area Equipment Market , Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
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.
The major factors driving the growth of this market are increasing industrial safety measures and technological advancements in led lighting solution. On the other hand time-consuming and expensive inspection and maintenance may hinder the growth of the hazardous area equipment market.
The global hazardous area equipment market is segmented based on product into ten notable segments display products, lighting products, barrier products, enclosures, cable glands and accessories, industrial controls, motors strobe beacons, sensors and others. In 2018, cable glands and accessories market is likely to dominate market in the forecast period.
The global hazardous area equipment market is segmented based on connectivity into two notable segments wired and wireless. In 2018, wireless market will dominate the market. It is growing at the highest CAGR in the assessment period.
The global hazardous area equipment market is segmented based on industry into ten notable segments; chemical, food & beverage, marine & shipbuilding, metals & mining, military & aerospace, oil & gas industries, pharmaceutical, power & energy, rubber & plastics, water & waste and others. In 2018, the oil and gas market is estimated to dominate market with highest shares and rising with the highest CAGR.
Companies FeaturedHoneywell International Inc ABB Ltd. Siemens AG Eaton Corporation Plc. Rockwell Automation, Inc. R. Stahl AG Weidmller Interface GmbG & Co. KG Patlite Corporation Hawk International Tomar Electronics Petrel Ltd. Flametron Ab-Co Purge, Llc Cortem S.P.A
For more information about this report visit https://www.researchandmarkets.com/research/qqw7mh/global_hazardous?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180710005947/en/
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Related Topics:Process Industry
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 07/10/2018 02:29 PM/DISC: 07/10/2018 02:28 PM