Europe Hazardous Area Equipment Market Size, Share & Industry Trends Analysis Report By Product, By Industry (Oil & Gas, Food & Beverages, Chemical & Pharmaceuticals, Energy & Power, Mining, and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Hazardous Area Equipment Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
A gas combination that is combustible will ignite if it comes in contact with a part that is heated beyond the temperature of auto-ignition. The Temperature class of the equipment must thus be below the auto-ignition temperature of the potentially explosive environment where it will be placed.
Area classification is a technique for examining and categorising environments where explosive gas atmospheres might exist in order to make it easier to choose the right electrical equipment. Equipment utilised in subterranean activities, such as mines, falls under the category of Group I equipment. Equipment from Group II is appropriate for surface-processing businesses. The usual processing sectors include the petrochemical, chemical, pharmaceutical, and food industries.
The zone technique is now widely used to categorise places that are deemed dangerous. 62 nations are listed as full members and an additional 26 are listed as associate members of the International Electrotechnical Commission system (IECEx system) for certification to standards pertaining to equipment for use in explosive atmospheres. For equipment approvals inside their borders, several nations each have their own regulations and certification standards. The NEC and National Fire Protection Association (NFPA) originally implemented the zone approach in 1996 with Article 505 of their code. In accordance with the conventional NEC Article 500 division structure, parallel categorization is permitted.
There is a high risk of fire or explosion hazards occurring due to the presence of flammable gases, combustible liquid-produced vapours, combustible dusts, or ignitable fibers/flying particles in the air in quantities sufficient to generate explosive mixtures that may ignite upon exposure to them. The mining industry is expected to witness a significant market share among the various industries equipped with explosion proof equipment. Recent strict government regulations, such as the Mines Regulations, 2014 by the United Kingdom, state-specific health and safety legislation for workers, as well as regarding electrical safety in mines, are being adhered to across the mining industries in various countries, keeping in mind the high fatality rate. During the anticipated period, these factors will drive the market for hazardous area equipment.
The Germany market dominated the Europe Hazardous Area Equipment Market by Country in 2021; thereby, achieving a market value of $870.6 million by 2028. The UK market is exhibiting a CAGR of 4.1% during (2022 - 2028). Additionally, The France market would experience a CAGR of 5.8% during (2022 - 2028).
Based on Product, the market is segmented into Cable Glands & Accessories, Measurement Devices, Control Products, Lighting Product, Alarm Systems, and Motors. Based on Industry, the market is segmented into Oil & Gas, Food & Beverages, Chemical & Pharmaceuticals, Energy & Power, Mining, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hazardous Area Equipment Market will Hit $13.5 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Honeywell International, Inc., Siemens AG, Emerson Electric Co., Rockwell Automation, Inc., Eaton Corporation PLC, R. STAHL AG, E2S Warning Signals, NHP Electrical Engineering Products Pty Ltd. and PATLITE Corporation
Scope of the Study
Market Segments Covered in the Report:
- Cable Glands & Accessories
- Measurement Devices
- Control Products
- Lighting Product
- Alarm Systems
- Oil & Gas
- Food & Beverages
- Chemical & Pharmaceuticals
- Energy & Power
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Honeywell International, Inc.
- Siemens AG
- Emerson Electric Co.
- Rockwell Automation, Inc.
- Eaton Corporation PLC
- R. STAHL AG
- E2S Warning Signals
- NHP Electrical Engineering Products Pty Ltd.
- PATLITE Corporation
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