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Global Hazardous Area Equipment Market Is Expected To Reach $16 Billion By 2030 - An Exclusive Market Research Report By Lucintel
Lucintel's latest study found that, the future of the global hazardous area equipment market looks promising with opportunities in the oil & gas chemical & pharmaceuticals, food & beverages, energy & power, and mining markets. The global hazardous area equipment market is expected to reach an estimated $16 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are swift expansion of industrialization and manufacturing sector, rising demand for safety measures equipment, and increasing government regulations mandating safety measures in hazardous industrial settings.
In this market, cable glands & accessories, measurement devices, control products, alarm systems, motors, and lighting product are the major segments of hazardous area equipment market by application.
Lucintel forecasts that control products is expected to witness the higher growth over the forecast period due to the increasing installation of new facilities and expansion of current ones in process industries like oil & gas and chemical & pharmaceuticals.
Browse in depth TOC of the Hazardous ...
... Area Equipment Market:
100 - Figures
150-Pages
Hazardous Area Equipment Market is marked by presence of several big and small players. ABB, Siemens, Eaton, Rockwell Automation, Honeywell, Emerson Electric, and Patlite are the major suppliers in the hazardous area equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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