Hazardous Area Equipment Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

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In electrical and safety engineering, hazardous locations are places where fire or explosion hazards may exist. Sources of such hazards include gases, vapors, dust, fibers, and flyings, which are combustible or flammable. Equipments can be designed or modified for safe operation in a hazardous area. Hazardous area equipment are the products which can potentially control, minimize or lowering the damage from the incidents like fire or the ability to perform optimally in hazardous environments. They are utilized based on the division or class or zone of the hazardous areas and includes cable glands and accessories, control panels, buttons, lighting and strobe beacons. Hazardous area equipment offers many advantages such as intrinsic safety, reduced risk of fire or explosion, protection of circuits in an explosive environment, minimize surface temperature, and lighting products for signaling – all which are essential to achieving higher safety and efficiency in an organization.

Hazardous area equipment market size was valued at USD 8.84 Billion in 2021 and is projected to reach USD 13.60 Billion by 2030, growing at a CAGR of 5.94% from 2022 to 2030.

Advanced connected LED light fixtures are being adopted over conventional lighting solutions in hazardous area is driving the growth of the market.

Growth Drivers:

Rising government rules and regulations for industrial safety precautions in a hazardous environment

To prevent catastrophic events that result in significant human casualties, every process industry such as oil & gas, chemical and pharmaceuticals, food & beverages, and so on are required to follow safety measures. Cable glands & accessories, measurement devices, control products, motors, lighting products, alarm systems, etc., that maintain safety standards and allows easy functioning has to be installed to provide safety precautions in the hazardous environment. There are several standards for hazardous area equipment such as NFPA 497 & 499, ATEX, NEMA, IECEx, and UL that states the requirements for their installation, testing and the quality of the product. As governments around the globe have increased their attention on workplace safety in risky environment the hazardous area equipment market is anticipated to be significantly impacted by this trend.

Connected lighting solutions is faster than the conventional lighting systems

In recent years, there has been a rapid shift in the adoption of connected lighting solutions from the traditional lighting systems because of various benefits including enhanced energy efficiency, improved brightness, and long-term cost savings. Users of connected lighting may remotely control the lights based on their needs to save energy consumption. The integrated sensors and automated control functions gives users information on the patterns of light consumption which enhances the lighting experience.

The absence of common standards for equipment used in hazardous areas

To prevent workplace catastrophes, manufacturers and end users of hazardous area equipment needs to follow common standard. International Electrotechnical Commission (IEC) and National Electrical Code (NEC), both of which are issued by the National Fire Protection Association (NFPA), are the two main organizations that supply hazardous area standards globally. Despite the fact that the explosion safety is are same around the globe, but there is some difference in the regulations followed in North America, Asia-Pacific and Europe. The absence of common open standards has created confusion in the industry.

The high cost associated with the deployment of hazardous area equipment

Hazardous area equipment, devices and systems come at a very high cost accompanied by a hefty price tag for installation. This reduces the profit margin of the employer, and hence they renounce the deployment of these systems to save money. Equipment used in the hazardous area is basically contained in a heavy protective enclosure, these equipment are made up of die cast steel, occasionally plastic. In case any fire ignites from the faulty equipment, the enclosure prevents from explosion. Although country wise different methods are used to protect the equipment used in hazardous area. 

Hazardous Area Equipment Market Segmentation:

By Product:

·        Industrial Controls

·        Process Instruments

·        Lighting Products

·        Alarm Systems

·        Sensors

·        Cable Glands & Accessories

·        Motors

·        Others

By Connectivity Service:

·        Wireless

·        Wired

By Industry:

·        Oil & Gas

·        Chemicals & Pharmaceuticals

·        Mining

·        Energy & Power

·        Food & Beverages

·        Others

By Region:

·        North America

·        Europe

·        Asia Pacific

·        Latin America

·        Middle East and Africa

Hazardous Area Equipment Market by Products Review:

Based on the product type, the global hazardous area equipment market is segmented into industrial controls, process instruments, lighting products, alarm systems, sensors, cable glands & accessories, motors, and others. On the basis of products, the cable glands and accessories segment is predicted to dominate the hazardous area equipment market over the coming years. The growing requirement to guarantee the safety of cables in an explosion-prone environment is the main factor boosting the growth of the segment.

Hazardous Area Equipment Market by Connectivity services Review:

Based on the connectivity services, the global hazardous area equipment market is segmented into wireless and wired service. The wired segment had the had the biggest hazardous area equipment market share. Process control systems (SCADA), testing and sampling systems, BOP (Blow Out Prevention) and shut down systems all have a large market demand for wired equipment right now for various reasons.

Hazardous Area Equipment Market by Industry Review:

Based on the industry, the global hazardous area equipment market is segmented into oil & gas, chemicals & pharmaceuticals, mining, energy & power, food & beverages, and others. The oil and gas segment generated the largest market share for hazardous area equipment in 2021 and is predicted for rapid expansion. The exploration and extraction of shale gas and oil is boosting the use of hazardous area equipment, such as measuring tools, control goods, motors, alarm systems, and lighting items.

Regional Outlook:

The Hazardous area equipment research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. North America region dominates the hazardous area equipment market due to presence of market players like Rockwell, Honeywell, and Emerson as well as significant number of prominent oil and gas and mining industries, which are highly prone to explosive environments. The region has always been known for the early adoption of multiple advanced technologies, which in turn is boosting the adoption of this equipment across the region.

Asia-Pacific region is projected to undergo substantial during the forecast period owing to the increasing urbanization, growth in industrial safety measures and increasing population. Due to growing chemical manufacturing industries, pharmaceuticals and energy industries are expected to favor hazardous area equipment market potential in Europe over the coming years.

Key Companies in Hazardous Area Equipment Market:

The research report offers a competitive analysis of prominent companies operating in the global hazardous area equipment market. Some of the leading players profiled in the market research report include:

·        ABB Group

·        Honeywell International Inc.

·        E2S Warning Signals

·        Eaton Corporation

·        Emerson Electric

·        Siemens AG

·        Pepperl+Fuchs AG

·        Patlite Corporation

·        Rockwell Automation, Inc.

·        R.STAHL AG

·        Sparta Systems

·        Mitsubishi Electric Corporation

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