Global Hazardous Location Connectors Market - By Class (Class I, Class II, Class III), Hazardous Zones (Zone 0, Zone 1, Zone 2), Applications (Food and Beverage Processing, Oil and Gas Production, Oil Refineries, Petrochemical Refineries, Pharmaceutical Manufacturing, Wastewater Treatment Facilities), Geography, Trends, Forecast - (2017 - 2022)

Published - Jan 2017 | Category - Automobile & Transportation | No. of Pages - 104 | Published By - Mordor Intelligence

Report Highlights

The Global Hazardous Location Connectors market is valued at USD 11.30 billion in 2016 and is expected to reach a value of USD 15.33 billion by the end of 2022, growing at a projected CAGR of 5.22% during the forecast period of 2017 - 2022. The various government safety standards have made the use of hazardous environment  safe connectors compulsory in almost all the industrial sectors. As per these safety standards, we have the hazardous location safety connectors that are explosion or flame-proof as well as corrosion resistant. These connectors provide protection to the industrial equipment and to the personnel. Moreover, they prevent the occurrence of major accidents in the hazardous areas. Thus, knowing all the parameters, which can guide us in choosing the right kind of hazardous location connector is critically important, in order to avoid the risk of explosion or fire due to ignitable gases, dust or vapors.

The global hazardous location connectors market is broadly segmented based on class, hazardous zones, applications, end-users and geography. On the classification of class, the hazardous location connectors market are divided into class I, class II and class III. Similarly, based on the hazardous zones, the market is segmented into zone 0, zone 1 and zone 2. Further, on the classification of applications, the market segments are oil refineries, petrochemical refineries, pulp & paper mills, food & beverage processing, oil & gas production, pharmaceutical manufacturing, wastewater treatment facilities and others.

Some of the key market players mentioned in the report are American Connectors, Inc., Steck Connections, Thomas & Betts, Texcan, Hubbell-Killark and more.

Drivers

The key factors contributing to the growth of global hazardous location connectors market are rising industrial safety measures, increasing applications in the industrial sector and reducing costs and growing awareness among industry personnel.

Challenges

The complexity of standards and product installation and maintenance costs are the key challenges for the hazardous location connectors market.

What the report offers

Market definition for the global hazardous location connectors market, along with identification of key drivers and restraints.

Market analysis for the global hazardous location connectors market, with region-specific assessments.

Identification of factors instrumental in changing the market scenario, offering prospective opportunities and identifying  key companies that can influence the market on both the  global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.

Identification and analysis of the macro and micro factors that affect the global hazardous location connectors market on both global and regional front.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

 

 

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