How big is the Hazardous Area Equipment Market?

The Hazardous Area Equipment Market size is expected to reach USD 11.81 billion in 2024 and grow at a CAGR of 6.62% to reach USD 16.27 billion by 2029. Read More

What is the current Hazardous Area Equipment Market size?

In 2024, the Hazardous Area Equipment Market size is expected to reach USD 11.81 billion. Read More

Who are the key players in Hazardous Area Equipment Market?

ABB Ltd, Eaton Corporation PLC, Siemens AG, Rockwell Automation Inc. and Phoenix Mecano are the major companies operating in the Hazardous Area Equipment Market. Read More

Which is the fastest growing region in Hazardous Area Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hazardous Area Equipment Market?

In 2024, the Asia Pacific accounts for the largest market share in Hazardous Area Equipment Market. Read More

What years does this Hazardous Area Equipment Market cover, and what was the market size in 2023?

In 2023, the Hazardous Area Equipment Market size was estimated at USD 11.03 billion. The report covers the Hazardous Area Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hazardous Area Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hazardous Area Equipment Market Size & Share Analysis - Industry Research Report

Hazardous Area Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Hazardous Area Equipment Market Report is Segmented by Equipment (power Supply Systems, Electric Motors, Surveillance Systems, Cable Glands and Connectors, Automation and Control Products, Enclosures, Lighting Products, Push Buttons and Signaling Devices), by End-User Industry (oil and Gas, Energy and Power Generation, Chemical, Food and Beverage, Pharmaceuticals), by Geography (north America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Hazardous Area Equipment Industry Overview

The hazardous area equipment market is quite competitive, with several well-established players competing for market share. Among the prominent companies in this industry are ABB Ltd, Eaton Corporation, Honeywell International Inc., Siemens AG, and Rockwell Automation Inc.

These companies possess a robust international influence and provide a diverse array of hazardous area equipment, including explosion-proof lighting, communication tools, control systems, and sensors. To uphold their standing within the market, these companies prioritize innovation, product advancement, and strategic partnerships.

In addition to these established players, there are several new entrants and startups emerging in the hazardous area equipment industry. These companies have the ambition to revolutionize the market with their innovative and advanced products, which bring enhanced safety and efficiency. Nevertheless, they encounter strong competition from well-established players who have already built a solid brand reputation and loyal customer base.

May 2023 - ABB Ltd announced the opening of its USD 3 million Robert M. Thomas Innovation Center in Memphis, Tennessee, to accelerate the development of next-generation electrification solutions.
August 2023 - Eaton Corporation PLC company announced to showcase its new industrial solutions for hazardous areas at Automation Expo 2023. It will introduce Ethernet over Coax (EoC) CCTV solution, nHLL linear LED fixture used in Zone 2 and 21 and 22 hazardous areas, and Smart Universal Marshalling (MTL SUM5) for industries such as oil & gas, chemical processing, and wastewater treatment.