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Hazardous Area Equipment Market by Product (Cable Glands & Accessories, Measurement Devices, Control Products, Alarm Systems, Motors, Lighting Products), Industry (Oil & Gas, Chemical & Pharmaceutical, Food & Beverage), Region - Forecast to 2028

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    Report

  • 188 Pages
  • December 2022
  • Region: Global
  • Markets and Markets
  • ID: 5707277
Description Jump to:

The hazardous area equipment market is projected to grow from USD 10.5 billion in 2023 to USD 14.1 billion in 2028; it is expected to grow at a CAGR of 6.1%  during the forecasted period. Hazardous area equipment is mainly used in industrial applications as a part of the emergency management system and as intrinsic safe equipment to protect the workplace. 

Market for control products is expected to grow at highest CAGR during the forecasted period

The hazardous area equipment market is segmented into six types of products cable glands & accessories, measurement devices, control products, alarm systems, motors, and lighting products. Control products mainly considered are solid state relays, surge protection, enclosures, signal conditioners, and power supplies. The key functions of control products are to effectively control power and protect circuits in explosive, wet, and corrosive environments.

Hazardous area equipment market for oil & gas industry is expected to grow at the highest CAGR during the forecasted period

Oil & gas is the major Industry of hazardous area equipment since any damage to assets due to an explosion can lead to a high financial loss. The environment in the oil & gas industry is highly prone to explosives, and the use of equipment in this environment needs to be explosive-protected with all the necessary built-in safety standards. These standards need to be taken by installing effective and efficient hazardous area equipment such as measurement devices, control products, lighting products, strobe beacons, etc. that maintain safety standards and allow the smooth functioning of processes in the oil & gas industry.

Market for North America is to grow at the highest CAGR during the forecasted period

The hazardous area equipment market is expected to grow at the highest CAGR in the North American region. The fastest growth of the hazardous area equipment market in North America can be attributed to the presence of leading market players such as Rockwell (US), Honeywell (US), and Emerson (US), Also, many companies are focusing on the exploration and production of oil & gas assets in the region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the hazardous area equipment market space. The break-up of primary participants for the report has been shown below:

  • By Company Type: Tier 1 - 50%, Tier 2 - 35%, and Tier 3 - 15%
  • By Designation: C-level Executives - 40%, Directors - 35%, Others - 25%
  • By Region: North America - 34%, Asia Pacific - 31%, Europe - 23%, and RoW - 12%    

The report profiles key players in the hazardous area equipment market with their respective market ranking analysis. Prominent players profiled in this report are ABB Ltd. (Switzerland), Siemens AG (Germany), Eaton Corporation (Ireland), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), Patlite Corporation (Japan), R. STAHL AG (Germany).

Research Coverage:

This research report categorizes the hazardous area equipment market on the basis of Product type,  Industry, and Geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the hazardous area equipment market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the hazardous area equipment ecosystem.

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hazardous area equipment market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Hazardous Area Equipment Market: Segmentation
1.3.2 Geographic Scope
Figure 2 Hazardous Area Equipment Market: Geographic Segmentation
1.3.3 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 3 Hazardous Area Equipment Market: Research Design
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 List of Key Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews with Experts
2.1.3.2 List of Key Primary Interview Participants
2.1.3.3 Breakdown of Primaries
2.1.3.4 Key Data from Primary Sources
2.1.3.5 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Share by Bottom-Up Analysis (Demand Side)
Figure 4 Hazardous Area Equipment Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
Figure 5 Market: Top-Down Approach
Figure 6 Market: Supply-Side Analysis
2.3 Market Breakdown and Data Triangulation
Figure 7 Data Triangulation
2.4 Research Assumptions

3 Executive Summary
Figure 8 By Product, Control Products Segment to Register Highest CAGR During Forecast Period
Figure 9 By Industry, Oil & Gas Segment to Offer Significant Growth Opportunities from 2023 to 2028
Figure 10 North America Estimated to Account for Largest Market Share in 2022

4 Premium Insights
4.1 Attractive Growth Opportunities for Players in Hazardous Area Equipment Market
Figure 11 Rising Government Regulations for Safety in Hazardous Environments of Critical Industries to Boost Market Growth
4.2 Market, by Product
Figure 12 Cable Glands & Accessories Segment to Hold Largest Market Size During Forecast Period
4.3 Hazardous Area Market in North America, by Industry and Country
Figure 13 Oil & Gas and US to Account for Largest Market Shares in North America in 2028
4.4 Market, by Country
Figure 14 US to Hold Largest Size of Market in 2028

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 Hazardous Area Equipment Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rapid Growth in Industrialization and Manufacturing Sector
5.2.1.2 Rising Government Regulations for Implementing Safety Measures in Hazardous Industrial Environments
5.2.1.3 Adoption of Technologically Advanced Led Light Fixtures Over Conventional Lighting Solutions in Hazardous Areas
Table 1 Factors Supporting Adoption of Led Lighting Solutions
Figure 16 Market Drivers: Impact Analysis
5.2.2 Restraints
5.2.2.1 High Initial Cost Associated with Deployment of Hazardous Area Equipment
5.2.2.2 Poor Classification of Hazardous Areas Leads to Time-Consuming and Expensive Inspection and Maintenance
Figure 17 Market Restraints: Impact Analysis
5.2.3 Opportunities
5.2.3.1 Rapid Transition from Traditional Lighting Systems to Connected Lighting Solutions
5.2.3.2 Increasing Demand for Low-Cost and High Light-Output-Per-Watt Lighting Solutions
Figure 18 Hazardous Area Equipment Market Opportunities: Impact Analysis
5.2.4 Challenges
5.2.4.1 Lack of Common Standards
Figure 19 Market Challenges: Impact Analysis
5.3 Value Chain Analysis
Figure 20 Value Chain Analysis of the Market
5.4 Ecosystem
Figure 21 Hazardous Area Equipment Market Ecosystem
Table 2 Role of Companies in Ecosystem/Value Chain
5.5 Pricing Analysis
Table 3 Indicative Prices of Hazardous Area Equipment
5.5.1 Average Selling Prices of Hazardous Area Equipment Offered by Key Players
Figure 22 Average Selling Prices of Types of Hazardous Area Equipment Offered by Key Players
Table 4 Average Selling Prices of Different Types of Hazardous Area Equipment Offered by Key Players (USD)
5.6 Trends and Disruptions Impacting Customer Business
Figure 23 Revenue Shift in the Market
5.7 Technology Analysis
5.7.1 Industrial Internet of Things and AI
5.7.2 Smart Wireless Sensors
5.8 Porter's Five Forces Analysis
Table 5 Porter's Five Forces Analysis (2022)
5.8.1 Intensity of Competitive Rivalry
5.8.2 Threat of New Entrants
5.8.3 Bargaining Power of Suppliers
5.8.4 Bargaining Power of Buyers
5.8.5 Threat of Substitutes
5.9 Key Stakeholders and Buying Criteria
5.9.1 Key Stakeholders in Buying Process
Figure 24 Influence of Stakeholders in Buying Process for Top Three End-use Industries
Table 6 Influence of Stakeholders in Buying Process for Top Three End-use Industries (%)
5.9.2 Buying Criteria
Figure 25 Key Buying Criteria for Top Three End-use Industries
Table 7 Key Buying Criteria for Top Three End-use Industries
5.10 Use Cases
5.10.1 Monitoring Corrosion Under Insulation in Atex/Iecex Hazardous Area
5.10.2 Intelligent and Secure Process Visualization in Potentially Explosive Atmosphere
5.10.3 Gorgon Oil & Gas Project - Western Australia: Fluorescent Light Fitting for Zone 1 & Zone 2
5.10.4 Robinson Mine in Nevada Now Equipped with Vaporgard Led Luminaries
5.11 Trade Analysis
Figure 26 Export Data for HS Code 8531, 2017-2021 (USD Million)
Figure 27 Import Data for HS Code 8531, 2017-2021 (USD Million)
5.12 Patent Analysis
Figure 28 Number of Patents Granted from 2012 to 2021
Figure 29 Top 10 Patent Applicants
Table 8 Top 20 Patent Owners in the Last 10 Years
Table 9 Important Patents Related to Hazardous Area Equipment Market
5.13 Key Conferences and Events, 2023-2024
Table 10 Hazardous Area Equipment Market: Conferences and Events, 2023-2024
5.14 Regulations and Standards
5.14.1 Standards
Table 11 Standards for Market
5.14.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations

6 Hazardous Area Equipment Market, by Product
6.1 Introduction
Figure 30 Control Products Segment to Witness Highest CAGR from 2023 to 2028
Table 15 Market, by Product, 2019-2022 (USD Million)
Table 16 Market, by Product, 2023-2028 (USD Million)
6.2 Cable Glands & Accessories
6.2.1 Increasing Need for Mechanical Retention, Strain Relief, and Earth Continuity to Drive Demand for Hazardous Area Cable Glands & Accessories
Table 17 Hazardous Area Cable Glands & Accessories Market, by Industry, 2019-2022 (USD Million)
Table 18 Hazardous Area Cable Glands & Accessories Market, by Industry, 2023-2028 (USD Million)
6.3 Measurement Devices
6.3.1 Measurement Devices Gaining Importance due to Demand for Consistent Product Quality, Safety, Process Optimization, and Environmental Protection
6.3.2 Valves
6.3.3 Pressure Transmitters
6.3.4 Temperature Transmitters
6.3.5 Level Transmitters
6.3.6 Flow Meters
6.3.7 Sensors
Table 19 Hazardous Area Measurement Devices Market, by Industry, 2019-2022 (USD Million)
Table 20 Hazardous Area Measurement Devices Market, by Industry, 2023-2028 (USD Million)
6.4 Control Products
6.4.1 Need for Effective Control of Processes in Hazardous Applications in Several Industries to Fuel Demand
6.4.2 Solid-State Relays
6.4.3 Surge Protectors
6.4.4 Enclosures
6.4.5 Signal Conditioners
6.4.6 Power Supplies
Table 21 Hazardous Area Control Products Market, by Industry, 2019-2022 (USD Million)
Table 22 Hazardous Area Control Products Market, by Industry, 2023-2028 (USD Million)
6.5 Alarm Systems
6.5.1 Strobe Beacons
6.5.2 Bells & Horns
6.5.3 Call Points
6.5.4 Speakers & Tone Generators
6.5.5 Visual & Audible Combination Units
Table 23 Hazardous Area Alarm Systems Market, by Product, 2019-2022 (USD Million)
Table 24 Hazardous Area Alarm Systems Market, by Product, 2023-2028 (USD Million)
Table 25 Hazardous Area Alarm Systems Market, by Industry, 2019-2022 (USD Million)
Table 26 Hazardous Area Alarm Systems Market, by Industry, 2023-2028 (USD Million)
6.6 Motors
Table 27 Hazardous Area Motors Market, by Industry, 2019-2022 (USD Million)
Table 28 Hazardous Area Motors Market, by Industry, 2023-2028 (USD Million)
6.7 Lighting Products
Table 29 Hazardous Area Lighting Products Market, by Industry, 2019-2022 (USD Million)
Table 30 Hazardous Area Lighting Products Market, by Industry, 2023-2028 (USD Million)

7 Hazardous Zone Classification
7.1 Introduction
7.2 Zone 0
7.3 Zone 1
7.4 Zone 2
7.5 Zone 20
7.6 Zone 21
7.7 Zone 22

8 Connectivity Services in Hazardous Areas
8.1 Introduction
8.2 Wired Connectivity Service
8.3 Wireless Connectivity Service

9 Hazardous Area Equipment Market, by Industry
9.1 Introduction
Figure 31 By Industry, Oil & Gas Segment to Lead Market During Forecast Period
Table 31 Hazardous Area Equipment Market, by Industry, 2019-2022 (USD Million)
Table 32 Market, by Industry, 2023-2028 (USD Million)
9.2 Oil & Gas
9.2.1 Certified Equipment Required for Critical Processes in Hazardous Areas in Oil & Gas Industry
Table 33 Market for Oil & Gas Industry, by Product, 2019-2022 (USD Million)
Table 34 Market for Oil & Gas Industry, by Product, 2023-2028 (USD Million)
Table 35 Market for Oil & Gas Industry, by Region, 2019-2022 (USD Million)
Table 36 Market for Oil & Gas Industry, by Region, 2023-2028 (USD Million)
Table 37 North America: Market for Oil & Gas Industry, by Country, 2019-2022 (USD Million)
Table 38 North America: Market for Oil & Gas Industry, by Country, 2023-2028 (USD Million)
Table 39 Europe: Market for Oil & Gas Industry, by Country, 2019-2022 (USD Million)
Table 40 Europe: Market for Oil & Gas Industry, by Country, 2023-2028 (USD Million)
Table 41 Asia-Pacific: Market for Oil & Gas Industry, by Country, 2019-2022 (USD Million)
Table 42 Asia-Pacific: Hazardous Area Equipment Market for Oil & Gas Industry, by Country, 2023-2028 (USD Million)
Table 43 RoW: Market for Oil & Gas Industry, by Region, 2019-2022 (USD Million)
Table 44 RoW: Market for Oil & Gas Industry, by Region, 2023-2028 (USD Million)
9.3 Chemical & Pharmaceutical
9.3.1 Expanding Chemical & Pharmaceutical Industries in Emerging Economies to Lead to Increased Requirement for Hazardous Area Equipment
Table 45 Hazardous Area Equipment Market for Chemical & Pharmaceutical Industry, by Product, 2019-2022 (USD Million)
Table 46 Market for Chemical & Pharmaceutical Industry, by Product, 2023-2028 (USD Million)
Table 47 Market for Chemical & Pharmaceutical Industry, by Region, 2019-2022 (USD Million)
Table 48 Market for Chemical & Pharmaceutical Industry, by Region, 2023-2028 (USD Million)
Table 49 North America: Market for Chemical & Pharmaceutical Industry, by Country, 2019-2022 (USD Million)
Table 50 North America: Market for Chemical & Pharmaceutical Industry, by Country, 2023-2028 (USD Million)
Table 51 Europe: Market for Oil & Gas Industry, by Country, 2019-2022 (USD Million)
Table 52 Europe: Market for Oil & Gas Industry, by Country, 2023-2028 (USD Million)
Table 53 Asia-Pacific: Market for Chemical & Pharmaceutical Industry, by Country, 2019-2022 (USD Million)
Table 54 Asia-Pacific: Market for Chemical & Pharmaceutical Industry, by Country, 2023-2028 (USD Million)
Table 55 RoW: Market for Chemical & Pharmaceutical Industry, by Region, 2019-2022 (USD Million)
Table 56 RoW: Market for Chemical & Pharmaceutical Industry, by Region, 2023-2028 (USD Million)
9.4 Food & Beverage
9.4.1 Presence of Combustible Gases, Liquids, and Solids Necessitates Installation of Hazardous Area Equipment in Several Food & Beverage Processes
Table 57 Hazardous Area Equipment Market for Food & Beverage Industry, by Product, 2019-2022 (USD Million)
Table 58 Market for Food & Beverage Industry, by Product, 2023-2028 (USD Million)
Table 59 Market for Food & Beverage Industry, by Region, 2019-2022 (USD Million)
Table 60 Market for Food & Beverage Industry, by Region, 2023-2028 (USD Million)
Table 61 North America: Market for Food & Beverage Industry, by Country, 2019-2022 (USD Million)
Table 62 North America: Market for Food & Beverage Industry, by Country, 2023-2028 (USD Million)
Table 63 Europe: Market for Food & Beverage Industry, by Country, 2019-2022 (USD Million)
Table 64 Europe: Hazardous Area Equipment Market for Food & Beverage Industry, by Country, 2023-2028 (USD Million)
Table 65 Asia-Pacific: Market for Food & Beverage Industry, by Country, 2019-2022 (USD Million)
Table 66 Asia-Pacific: Market for Food & Beverage Industry, by Country, 2023-2028 (USD Million)
Table 67 RoW: Market for Food & Beverage Industry, by Region, 2019-2022 (USD Million)
Table 68 RoW: Market for Food & Beverage Industry, by Region, 2023-2028 (USD Million)
9.5 Energy & Power
9.5.1 Wireless Technology Enables Simplified Operations of Hazardous Area Equipment with Higher Efficiency in Energy & Power Industry
Table 69 Hazardous Area Equipment Market for Energy & Power Industry, by Product, 2019-2022 (USD Million)
Table 70 Market for Energy & Power Industry, by Product, 2023-2028 (USD Million)
Table 71 Market for Energy & Power Industry, by Region, 2019-2022 (USD Million)
Table 72 Market for Energy & Power Industry, by Region, 2023-2028 (USD Million)
Table 73 North America: Market for Energy & Power Industry, by Country, 2019-2022 (USD Million)
Table 74 North America: Hazardous Area Equipment Market for Energy & Power Industry, by Country, 2023-2028 (USD Million)
Table 75 Europe: Market for Energy & Power Industry, by Country, 2019-2022 (USD Million)
Table 76 Europe: Market for Energy & Power Industry, by Country, 2023-2028 (USD Million)
Table 77 Asia-Pacific: Market for Energy & Power Industry, by Country, 2019-2022 (USD Million)
Table 78 Asia-Pacific: Market for Energy & Power Industry, by Country, 2023-2028 (USD Million)
Table 79 RoW: Market for Energy & Power Industry, by Region, 2019-2022 (USD Million)
Table 80 RoW: Market for Energy & Power Industry, by Region, 2023-2028 (USD Million)
9.6 Mining
9.6.1 Increase in Mining Infrastructure Development Activities in Emerging Economies to Drive Demand
Table 81 Hazardous Area Equipment Market for Mining Industry, by Product, 2019-2022 (USD Million)
Table 82 Market for Mining Industry, by Product, 2023-2028 (USD Million)
Table 83 Market for Mining Industry, by Region, 2019-2022 (USD Million)
Table 84 Market for Mining Industry, by Region, 2023-2028 (USD Million)
Table 85 North America: Market for Mining Industry, by Country, 2019-2022 (USD Million)
Table 86 North America: Market for Mining Industry, by Country, 2023-2028 (USD Million)
Table 87 Europe: Market for Mining Industry, by Country, 2019-2022 (USD Million)
Table 88 Europe: Market for Mining Industry, by Country, 2023-2028 (USD Million)
Table 89 Asia-Pacific: Market for Mining Industry, by Country, 2019-2022 (USD Million)
Table 90 Asia-Pacific: Market for Mining Industry, by Country, 2023-2028 (USD Million)
Table 91 RoW: Market for Mining Industry, by Region, 2019-2022 (USD Million)
Table 92 RoW: Market for Mining Industry, by Region, 2023-2028 (USD Million)
9.7 Others
Table 93 Hazardous Area Equipment Market for Other Industries, by Product, 2019-2022 (USD Million)
Table 94 Market for Other Industries, by Product, 2023-2028 (USD Million)
Table 95 Market for Other Industries, by Region, 2019-2022 (USD Million)
Table 96 Market for Other Industries, by Region, 2023-2028 (USD Million)
Table 97 North America: Market for Other Industries, by Country, 2019-2022 (USD Million)
Table 98 North America: Market for Other Industries, by Country, 2023-2028 (USD Million)
Table 99 Europe: Market for Other Industries, by Country, 2019-2022 (USD Million)
Table 100 Europe: Market for Other Industries, by Country, 2023-2028 (USD Million)
Table 101 Asia-Pacific: Hazardous Area Equipment Market for Other Industries, by Country, 2019-2022 (USD Million)
Table 102 Asia-Pacific: Market for Other Industries, by Country, 2023-2028 (USD Million)
Table 103 RoW: Market for Other Industries, by Region, 2019-2022 (USD Million)
Table 104 RoW: Market for Other Industries, by Region, 2023-2028 (USD Million)

10 Hazardous Area Equipment Market, by Region
10.1 Introduction
Figure 32 Geographic Snapshot of Hazardous Area Equipment Market, 2023-2028
Table 105 Market, by Region, 2019-2022 (USD Million)
Table 106 Market, by Region, 2023-2028 (USD Million)
10.2 North America
Figure 33 North America: Market Snapshot
Table 107 North America: Market, by Country, 2019-2022 (USD Million)
Table 108 North America: Market, by Country, 2023-2028 (USD Million)
Table 109 North America: Hazardous Area Equipment Market, by Industry, 2019-2022 (USD Million)
Table 110 North America: Market, by Industry, 2023-2028 (USD Million)
10.2.1 US
10.2.1.1 Significant Presence of Leading Oil & Gas Companies to Drive Demand for Hazardous Area Equipment
10.2.2 Canada
10.2.2.1 Thriving Chemical & Pharmaceutical Industries to Boost Market
10.2.3 Mexico
10.2.3.1 Increasing Investments in Chemical Industry to Drive Market
10.3 Europe
Figure 34 Europe: Market Snapshot
Table 111 Europe: Hazardous Area Equipment Market, by Country, 2019-2022 (USD Million)
Table 112 Europe: Market, by Country, 2023-2028 (USD Million)
Table 113 Europe: Market, by Industry, 2019-2022 (USD Million)
Table 114 Europe: Market, by Industry, 2023-2028 (USD Million)
10.3.1 UK
10.3.1.1 Rapid Infrastructure Development with Growing Investment by Several Industries to Fuel Market Growth
10.3.2 Germany
10.3.2.1 Presence of Renowned Chemical and Pharmaceutical Companies to Drive Market
10.3.3 Russia
10.3.3.1 Large Oil & Gas Industry to Fuel Demand for Hazardous Area Equipment
10.3.4 Rest of Europe
10.4 Asia-Pacific
Figure 35 Asia-Pacific: Hazardous Area Equipment Market Snapshot
Table 115 Asia-Pacific: Market, by Country, 2019-2022 (USD Million)
Table 116 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
Table 117 Asia-Pacific: Market, by Industry, 2019-2022 (USD Million)
Table 118 Asia-Pacific: Market, by Industry, 2023-2028 (USD Million)
10.4.1 China
10.4.1.1 Availability of Cost-Effective Raw Materials Allows China to Capture Leading Market Position
10.4.2 Japan
10.4.2.1 Chemical & Pharmaceutical Industries in Japan to Witness Significant Demand for Hazardous Area Equipment
10.4.3 India
10.4.3.1 Presence of Leading Pharmaceutical Companies to Drive Market
10.4.4 South Korea
10.4.4.1 Strong Focus on Modification of Manufacturing Facilities to Fuel Market Growth
10.4.5 Rest of Asia-Pacific
10.5 Rest of the World (RoW)
Table 119 RoW: Market, by Region, 2019-2022 (USD Million)
Table 120 RoW: Hazardous Area Equipment Market, by Region, 2023-2028 (USD Million)
Table 121 RoW: Market, by Industry, 2019-2022 (USD Million)
Table 122 RoW: Market, by Industry, 2023-2028 (USD Million)
10.5.1 Middle East & Africa
10.5.1.1 Presence of the World's Largest Oil & Gas Industries to Drive Demand for Hazardous Area Equipment
10.5.2 South America
10.5.2.1 Surging Investments in Offshore & Onshore Rigs to Create Growth Prospects for Hazardous Area Equipment Manufacturers

11 Competitive Landscape
11.1 Overview
11.2 Company Revenue Analysis, 2017-2021
Figure 36 Five-Year Revenue Analysis of Top Five Players, 2017-2021
11.3 Market Share Analysis, 2022
Table 123 Degree of Competition
11.4 Company Evaluation Quadrant
11.4.1 Stars
11.4.2 Pervasive Players
11.4.3 Emerging Leaders
11.4.4 Participants
Figure 37 Company Evaluation Quadrant, 2022
11.5 Company Footprint
Table 124 Footprints of Companies
Table 125 Industry Footprint of Companies
Table 126 Product Footprint of Companies
Table 127 Region Footprint of Companies
11.6 SME Evaluation Quadrant
11.6.1 Progressive Companies
11.6.2 Responsive Companies
11.6.3 Dynamic Companies
11.6.4 Starting Blocks
Figure 38 SME Evaluation Quadrant, 2022
11.7 Startup Evaluation Matrix
Table 128 Detailed List of Key SMEs
Table 129 Competitive Benchmarking of Key SMEs
11.8 Competitive Scenario
11.8.1 Product Launches
Table 130 Product Launches, 2020-2022

12 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
12.1 Key Players
12.1.1 Siemens AG
Table 131 Siemens AG: Company Overview
Figure 39 Siemens AG: Company Snapshot
Table 132 Siemens AG: Product Offerings
Table 133 Siemens AG: Product Launches & Developments
12.1.2 Honeywell International Inc.
Table 134 Honeywell International Inc.: Company Overview
Figure 40 Honeywell International Inc.: Company Snapshot
Table 135 Honeywell International Inc.: Product Offerings
12.1.3 ABB Ltd.
Table 136 ABB Ltd.: Company Overview
Figure 41 ABB Ltd.: Company Snapshot
Table 137 ABB Ltd.: Product Offerings
12.1.4 Rockwell Automation, Inc.
Table 138 Rockwell Automation Inc.: Company Overview
Figure 42 Rockwell Automation Inc.: Company Snapshot
Table 139 Rockwell Automation Inc.: Product Offerings
12.1.5 Eaton Corporation PLC
Table 140 Eaton Corporation PLC: Company Overview
Figure 43 Eaton Corporation PLC: Company Snapshot
Table 141 Eaton Corporation PLC: Product Offerings
Table 142 Eaton Corporation PLC: Product Launches & Developments
12.1.6 Emerson Electric Co.
Table 143 Emerson Electric Co.: Company Overview
Figure 44 Emerson Electric Co.: Company Snapshot
Table 144 Emerson Electric Co.: Product Offerings
Table 145 Emerson Electric Co.: Product Launches & Developments
12.1.7 Patlite Corporation
Table 146 Patlite Corporation: Company Overview
Table 147 Patlite Corporation: Product Offerings
12.1.8 R. Stahl AG
Table 148 R. Sthal AG: Company Overview
Figure 45 R. Sthal AG: Company Snapshot
Table 149 R. Stahl AG: Product Offerings
12.1.9 E2S Warning Signals
Table 150 E2S Warning Signals: Company Overview
Table 151 E3S Warning Signals: Product Offerings
12.1.10 Nhp Electrical Engineering Products Pty Ltd.
Table 152 Nhp Electrical Engineering Products Pty Ltd.: Company Overview
Table 153 Nhp Electrical Engineering Products Pty Ltd.: Product Offerings
12.2 Other Players
12.2.1 Werma Signaltechnik GmbH
Table 154 Werma Signaltechnik GmbH: Company Overview
12.2.2 Federal Signal Corporation
Table 155 Federal Signal Corporation: Company Overview
12.2.3 Potter Electric Signal Company
Table 156 Potter Electric Signal Company: Company Overview
12.2.4 Tomar Electronics, Inc.
Table 157 Tomar Electronics, Inc.: Company Overview
12.2.5 Quintex GmbH
Table 158 Quintex GmbH: Company Overview
12.2.6 Pepperl+Fuchs SE (Germany)
Table 159 Pepperl+Fuchs SE (Germany): Company Overview
12.2.7 Schneider Electric
Table 160 Schneider Electric: Company Overview
12.2.8 Lgm Products Ltd.
Table 161 Lgm Products Ltd.: Company Overview
12.2.9 Ching Mars Corporation
Table 162 Ching Mars Corporation: Company Overview
12.2.10 Thorne & Derrick International
Table 163 Thorne & Derrick International: Business Overview
12.2.11 Extronics Ltd.
Table 164 Extronics Ltd.: Company Overview
12.2.12 Hawke International
Table 165 Hawke International: Company Overview
12.2.13 Cortem S.P.A.
Table 166 Cortem S.P.A.: Company Overview
12.2.14 Raytec
Table 167 Raytec: Company Overview
12.2.15 Cesp
Table 168 Cesp: Business Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies.

13 Adjacent & Related Markets
13.1 Introduction
13.2 Limitations
13.3 Explosion-Proof Lighting Market, by Type
13.3.1 Introduction
Table 169 Explosion-Proof Lighting Market, by Type, 2017-2020 (USD Million)
Table 170 Explosion-Proof Lighting Market, by Type, 2021-2026 (USD Million)
13.4 High Bay & Low Bay
13.4.1 Excellent Lumen Output and Directional Lighting for High Ceiling Applications to Fuel Demand for High Bay & Low Bay Light Fixtures
Table 171 Explosion-Proof Lighting Market for High Bay & Low Bay Lights, by Region, 2017-2020 (USD Million)
Table 172 Explosion-Proof Lighting Market for High Bay & Low Bay Lights, by Region, 2021-2026 (USD Million)
13.5 Linear
13.5.1 Recent Developments in Explosion-Proof Linear Lighting Technology to Drive Market
Table 173 Explosion-Proof Lighting Market for Linear Lights, by Region, 2017-2020 (USD Million)
Table 174 Explosion-Proof Lighting Market for Linear Lights, by Region, 2021-2026 (USD Million)
13.6 Flood
13.6.1 Strong Focus of End-user Industries on Adoption of Energy-Efficient and Sturdy Lighting Solutions in Outdoor Environments to Promote Market Growth
Table 175 Explosion-Proof Lighting Market for Floodlights, by Region, 2017-2020 (USD Million)
Table 176 Explosion-Proof Lighting Market for Floodlights, by Region, 2021-2026 (USD Million)

14 Appendix
14.1 Discussion Guide

Companies Mentioned

  • ABB Ltd.
  • Cesp 
  • Ching Mars Corporation
  • Cortem S.P.A.
  • E2S Warning Signals
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • Extronics Ltd.
  • Federal Signal Corporation
  • Hawke International
  • Honeywell International Inc.
  • LGM Products Ltd.
  • Nhp Electrical Engineering Products Pty Ltd.
  • Patlite Corporation
  • Pepperl+Fuchs SE (Germany)
  • Potter Electric Signal Company
  • Quintex GmbH
  • R. Stahl AG
  • Raytec
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens AG
  • Thorne & Derrick International
  • Tomar Electronics, Inc.
  • Werma Signaltechnik GmbH

Methodology

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Table Information

Report AttributeDetails
No. of Pages188
PublishedDecember 2022
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 10.5 Billion
Forecasted Market Value ( USD ) by 2028 $ 14.1 Billion
Compound Annual Growth Rate6.1%
Regions CoveredGlobal
No. of Companies Mentioned25

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