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Hazardous Area Equipment Market by Product (Cable Glands and Accessories, Industrial Controls, Process Instruments, Strobe Beacons, Lighting, Fire Alarms), Connectivity Service (Wired, and Wireless), Industry, and Geography - Global Forecast to 2022

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Date: 27-Apr-2017
No. of pages: 169
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“Increased usage of cable glands and accessories across diverse explosion-prone industries is fueling the growth of the hazardous area equipment market”

The hazardous area equipment market was valued at USD 6.24 billion in 2016 and is expected to reach USD 8.82 billion by 2022, at a CAGR of 5.74% during the forecast period. Wide usage of cable glands for almost all processes and equipment in hazardous areas is resulting in the growing adoption of cable glands. Cable glands are greatly influenced by the hazardous area equipment market; these are most widely used products by almost every industry in the modern era and are posing opportunities for the industry players to invest in these products. The growing focus on increasing safety measures in industries, especially process and cooling, is creating a good demand for flame- and explosion-proof hazardous area equipment. Thus, the global hazardous area equipment market is expected to witness a steady growth in the coming years. However, the key factor that is limiting the growth of this market is the usage of wireless hazardous area equipment, which may cause ignition on industry premises due to electromagnetic waves emitted by them. Also, high maintenance costs associated with hazardous area equipment act as a restraint for the market to grow further.

“The hazardous area equipment market for the oil & gas industry is expected to grow at a high rate during the forecast period”

The hazardous area equipment market for the oil & gas industry held the largest market size in 2016 and is expected to grow at the highest CAGR between 2017 and 2022. Fueled by the growing application of these hazardous area equipment such as industrial controls, process instruments, motors, strobe beacons, lighting products, and so on in the exploration and extraction of shale gas and oil; this industry segment is likely to retain its leading position till 2022.

“RoW and North America are the major markets for hazardous area equipment”

The RoW region consists of the Middle East, Africa, and Latin America is expected to hold the largest share and the market in this region is expected to grow at the high during the forecast period. The Middle East and Africa are the major countries driving the growth of the hazardous area equipment market in RoW. A significant number of prominent oil & gas and mining industries, which are highly prone to explosive environments, are based in North America and APAC. This is one of the major factors driving the growth of the hazardous area equipment market in RoW. On the other hand, North America followed the RoW market in 2016, owing to major hazardous area equipment manufacturing companies based out here; this region is expected to grow further in the coming years of the hazardous area equipment market.

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 people in the hazardous area equipment industry. The break-up of primary participants for the report has been shown below:


  • By Company Type: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%

  • By Designation: C-Level Executives– 35%, Directors – 25%, and Others – 40%

  • By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW – 5%


The report also profiles the key players in the hazardous area equipment market and analyzes their market ranking. The prominent players profiled in this report are Honeywell International, Inc. (US), PATLITE Corporation (US), Eaton Corporation Plc (US), Siemens AG (Germany), Emerson Electric Co. (US), NHP Electric Engineering Products (Australia), Rockwell Automation (US), E2S Warning Signals (US), ABB Ltd. (Switzerland), and R.STAHL AG (Germany), among others.

Research Coverage:

This research report categorizes the hazardous area equipment market on the basis of product type, connectivity service, industry, and geography. The report also provides the Porter’s five forces analysis, and their respective impact on the hazardous area equipment; description of major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.

Reasons to Buy the Report:

The report would help leaders/new entrants in this market in the following ways:


  • This report segments the hazardous area equipment market comprehensively and provides the closest market size estimation for all subsegments across different regions.

  • The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for market growth.

  • This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product launches and developments, partnerships, and mergers and acquisitions.

Hazardous Area Equipment Market by Product (Cable Glands and Accessories, Industrial Controls, Process Instruments, Strobe Beacons, Lighting, Fire Alarms), Connectivity Service (Wired, and Wireless), Industry, and Geography - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data From Primary Sources
2.1.2.4 Key Industry Insights
2.2 Secondary and Primary Research
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.3.2 Top-Down Approach
2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Market Opportunities in the Hazardous Area Equipment Market
4.2 Hazardous Area Equipment Analysis, By Product Type
4.3 Hazardous Area Equipment Analysis, By Connectivity Service
4.4 Hazardous Area Equipment Analysis, By Industry
4.5 Hazardous Area Equipment Share, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Industrial Safety Measures
5.3.1.2 Technological Advancements in Lighting Solutions
5.3.2 Restraints
5.3.2.1 Wireless Hazardous Area Equipment Acts as A Source of Ignition in Hazardous Areas
5.3.2.2 Time-Consuming and Expensive Inspection and Maintenance
5.3.3 Opportunities
5.3.3.1 Increasing Demand for Low-Cost and High Light Output Per Watt Lighting Solutions
5.3.4 Challenges
5.3.4.1 Continuous Amendments in Safety Regulations

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry

7 Hazardous Area Equipment Market, By Product Type
7.1 Introduction
7.2 Cable Glands & Accessories
7.3 Process Instruments
7.4 Industrial Controls
7.5 Motors
7.6 Strobe Beacons
7.7 Lighting Products
7.8 Sensors
7.9 Bells & Horns
7.10 Fire Alarms/Call Points
7.11 Speakers & Tone Generators
7.12 Visual & Audible Combination Units

8 Hazardous Area Equipment Market, By Connectivity Service
8.1 Introduction
8.2 Wired Connectivity Service
8.3 Wireless Connectivity Service

9 Hazardous Area Equipment Market, By Industry
9.1 Introduction
9.2 Oil & Gas
9.3 Hemical & Pharmaceutical
9.4 Food & Beverage
9.5 Energy & Power
9.6 Mining
9.7 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Russia
10.3.2 Germany
10.3.3 U.K.
10.3.4 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Rest of Asia-Pacific
10.5 Rest of the World (RoW)
10.5.1 Middle East & Africa
10.5.2 Latin America

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Situation and Trends
11.3.1 New Product Launches/Developments
11.3.2 Agreements, Partnerships, and Expansions
11.3.3 Mergers & Acquisitions
11.4 Vendor Dive Overview
11.4.1 Vanguards (Leaders)
11.4.2 Dynamic
11.4.3 Innovators
11.4.4 Emerging
11.5 Business Strategies Adopted By the Major Players in the Market
11.6 Analysis of Product Portfolio of Major Players in the Market

Top 25 Companies Analyzed for This Study are – Siemens Ag; Honeywell International, Inc.; ABB Ltd.; Rockwell Automation, Inc.; Eaton Corporation PLC; Emerson Electric & Co.; R. Stahl Ag; Patlite Corporation; E2S Warning Signals; NHP Electrical Engineering Products Pty. Ltd.; Werma Signaltek; Federal Signal Corporation; Potter Signal Co.; Qunitex GmbH; Tomar Electronics; Pepperl+Fuchs, Inc.; Extronics Ltd.; Pelco; Hawke International; Cortem Group; Mhe Demag (S) Pte Ltd.; Marechal Electric; Jb Systems; Petrel Ltd.; and Industratech

12 Company Profile
12.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
12.2 Siemens AG
12.3 Honeywell International, Inc.
12.4 ABB Ltd.
12.5 Rockwell Automation, Inc.
12.6 Eaton Corporation PLC (Cooper Industries)
12.7 Emerson Electric Co.
12.8 Patlite Corporation
12.9 R. Stahl AG
12.10 E2S Warning Signals
12.11 NHP Electrical Engineering Products Pty Ltd.
12.12 Key Innovators
12.12.1 Werma Signaltechnik GmbH
12.12.2 Federal Signal Corporation
12.12.3 Potter Electric Signal Company, LLC
12.12.4 Tomar Electronics, Inc.
12.12.5 Quintex GmbH
*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Hazardous Area Equipment Size, By Product Type, 2014–2022 (USD Million)
Table 2 Hazardous Area Equipment Size, By Product Type, 2014–2022 (Thousand Units)
Table 3 Cable Glands & Accessories Market Size, By Industry, 2014–2022 (USD Million)
Table 4 Cable Glands & Accessories Market Size, By Industry, 2014–2022 (Thousand Units)
Table 5 Process Instrument Product Market Size, By Industry, 2014–2022 (USD Million)
Table 6 Process Instrument Product Market Size, By Industry, 2014–2022 (Thousand Units)
Table 7 Industrial Controls Market Size, By Industry, 2014–2022 (USD Million)
Table 8 Industrial Controls Market Size, By Industry, 2014–2022 (Thousand Units)
Table 9 Motors Market Size, By Industry, 2014–2022 (USD Million)
Table 10 Motors Market Size, By Industry, 2014–2022 (Thousand Units)
Table 11 Strobe Beacons Market Size, By Industry, 2014–2022 (USD Million)
Table 12 Strobe Beacons Market Size, By Industry, 2014–2022 (Thousand Units)
Table 13 Lighting Products Market Size, By Industry, 2014–2022 (USD Million)
Table 14 Lighting Products Market Size, By Industry, 2014–2022 (Thousand Units)
Table 15 Sensors Market Size, By Industry, 2014–2022 (USD Million)
Table 16 Sensors Market Size, By Industry, 2014–2022 (Thousand Units)
Table 17 Bells & Horns Market Size, By Industry, 2014–2022 (USD Million)
Table 18 Bells & Horns Market Size, By Industry, 2014–2022 (Thousand Units)
Table 19 Fire Alarms/Call Points Market Size, By Industry, 2014–2022 (USD Million)
Table 20 Fire Alarms/Call Points Market Size, By Industry, 2014–2022 (Thousand Units)
Table 21 Speakers & Tone Generators Market Size, By Industry, 2014–2022 (USD Million)
Table 22 Speakers & Tone Generators Market Size, By Industry, 2014–2022 (Thousand Units)
Table 23 Visual & Audible Combination Units Market Size, By Industry, 2014–2022 (USD Million)
Table 24 Visual & Audible Combination Units Market Size, By Industry, 2014–2022 (Thousand Units)
Table 25 Hazardous Area Equipment Market Size, By Connectivity Service, 2014–2022 (USD Million)
Table 26 Hazardous Area Equipment, By Industry, 2014–2022 (USD Million)
Table 27 Hazardous Area Equipment Market for Oil & Gas Industry, By Region, 2014–2022 (USD Million)
Table 28 North America; Hazardous Area Equipment for Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 29 Europe: Hazardous Area Equipment Market for Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 30 Asia-Pacific: Hazardous Area Equipment for Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 31 RoW: Hazardous Area Equipment Market for Oil & Gas Industry, By Region, 2014–2022 (USD Million)
Table 32 Hazardous Area Equipment for Chemical & Pharmaceutical Industry, By Region, 2014–2022 (USD Million)
Table 33 North America: Hazardous Area Equipment Market for Chemical & Pharmaceutical Industry, By Country, 2014–2022 (USD Million)
Table 34 Europe: Hazardous Area Equipment for Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 35 Asia-Pacific: Hazardous Area Equipment Market for Chemical & Pharmaceutical Industry, By Country, 2014–2022 (USD Million)
Table 36 RoW: Hazardous Area Equipment for Chemical & Pharmaceutical Industry, By Region, 2014–2022 (USD Million)
Table 37 Hazardous Area Equipment Market for Food & Beverage Industry, By Region, 2014–2022 (USD Million)
Table 38 North America: Hazardous Area Equipment for Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 39 Europe: Hazardous Area Equipment Market for Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 40 Asia-Pacific: Hazardous Area Equipment for Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 41 RoW: Hazardous Area Equipment Market for Food & Beverage Industry, By Region, 2014–2022 (USD Million)
Table 42 Hazardous Area Equipment for the Energy & Power Industry, By Region, 2014–2022 (USD Million)
Table 43 North America: Hazardous Area Equipment Market for Energy & Power Industry, By Country, 2014–2022 (USD Million)
Table 44 Europe: Hazardous Area Equipment for Energy & Power Industry, By Country, 2014–2022 (USD Million)
Table 45 Asia-Pacific: Hazardous Area Equipment Market for Energy & Power Industry, By Country, 2014–2022 (USD Million)
Table 46 RoW: Hazardous Area Equipment for Energy & Power Industry, By Region, 2014–2022 (USD Million)
Table 47 Hazardous Area Equipment Market for Mining Industry, By Region, 2014–2022 (USD Million)
Table 48 North America: Hazardous Area Equipment for Mining Industry, By Country, 2014–2022 (USD Million)
Table 49 Europe: Hazardous Area Equipment Market for Mining Industry, By Country, 2014–2022 (USD Million)
Table 50 Asia-Pacific: Hazardous Area Equipment  for Mining Industry, By Country, 2014–2022 (USD Million)
Table 51 RoW: Hazardous Area Equipment Market for Mining Industry, By Region, 2013–2022 (USD Million)
Table 52 Hazardous Area Equipment Market for Other Industries, By Region, 2014–2022 (USD Million)
Table 53 North America: Hazardous Area Equipment for Other Industries, By Country, 2014–2022 (USD Million)
Table 54 Europe: Hazardous Area Equipment Market for Other Industries, By Country, 2014–2022 (USD Million)
Table 55 Asia-Pacific: Hazardous Area Equipment for Other Industries, By Country, 2014–2022 (USD Million)
Table 56 RoW: Hazardous Area Equipment Market for Other Industries, By Region, 2013–2022 (USD Million)
Table 57 Hazardous Area Equipment Market, By Region, 2014–2022 (USD Million)
Table 58 North America: Hazardous Area Equipment , By Country, 2014–2022 (USD Million)
Table 59 Europe: Hazardous Area Equipment Market Size, By Country, 2014–2022 (USD Million)
Table 60 Asia-Pacific: Hazardous Area Equipment Market Size, By Country, 2014–2022 (USD Million)
Table 61 RoW: Hazardous Area Equipment Market Size, By Region, 2014–2022 (USD Million)
Table 62 Market Ranking Analysis in the Market, 2016
Table 63 New Product Launches/Developments, 2016
Table 64 Agreements, Partnerships, and Expansions, 2014–2016
Table 65 Mergers & Acquisitions, 2016

List of Figures

Figure 1 Hazardous Area Equipment Market: Process Flow of Market Size Estimation
Figure 2 Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Hazardous Area Equipment Size: Value & Volume, 2014–2022
Figure 7 Hazardous Area Equipment Share (Value), By Product Type, 2014–2022
Figure 8 Hazardous Area Equipment Market, By Connectivity Service, 2016 (USD Million)
Figure 9 Hazardous Area Equipment Ranking Analysis, By Industry, 2016
Figure 10 RoW Accounted for the Largest Share of the Hazardous Area Equipment Market in 2016
Figure 11 Hazardous Area Equipment Market Expected to Have Attractive Opportunities Between 2017 and 2022
Figure 12 The Cable Glands & Accessories Segment to Lead the Market Between 2017 and 2022
Figure 13 Wireless Connectivity Service to Hold A Larger Share of the Hazardous Area Equipment Market By 2022
Figure 14 The Oil & Gas Segment Held the Largest Market Size of the Global Hazardous Area Equipment Market in 2016
Figure 15 Middle East & Africa Held the Largest Share of the Hazardous Area Equipment Market in 2016
Figure 16 Growing Focus on Safety Measures in Industries Expected to Propel the Growth of the Hazardous Area Equipment Market
Figure 17 Value Chain Analysis: Major Value is Added During the Raw Material Selection and Software Interfacing & Hardware Installation Stages
Figure 18 Hazardous Area Equipment Market: Porter’s Five Forces Analysis, 2016
Figure 19 Porter’s Five Forces Analysis of the Hazardous Area Equipment Market
Figure 20 Medium Impact of Threat of New Entrants Due to Less R&D Expenditure
Figure 21 High Impact of Threat of New Substitutes Because of High Substitute Product Quality
Figure 22 Medium Impact of Bargaining Power of Suppliers Due to the Brand Equity of Suppliers
Figure 23 High Impact of Bargaining Power of Buyers Due to Presence of Several Buyers in the Market
Figure 24 High Impact of Intensity of Competitive Rivalry Due to A Number of Large Firms and Several New Product Launches
Figure 25 Hazardous Area Equipment Market Segmentation, By Product Type
Figure 26 Cable Glands & Accessories to Lead the Hazardous Area Equipment Market in Terms of Value, During the Forecast Period
Figure 27 Global Hazardous Area Equipment Market Share (Volume), By Product, 2016
Figure 28 Oil & Gas Industry Found the Largest Application for Cable Glands & Accessories in Hazardous Areas in 2016
Figure 29 Oil & Gas Industry to Be the Largest Application for Process Instruments in Hazardous Areas in 2016
Figure 30 Oil & Gas Industry to Lead the Market for Industrial Controls in Hazardous Areas During the Forecast Period
Figure 31 Motors Market Size, 2016 vs 2022 (USD Million & Thousand Units)
Figure 32 Strobe Beacons Accounted for the Largest Demand in the Oil & Gas Industry in 2016
Figure 33 Lighting Products Found Maximum Application in the Oil & Gas Industry in 2016
Figure 34 Oil & Gas Industry to Be the Largest End-Use Industry Lighting Products in Hazardous Areas, in Terms of Volume, During the Forecast Period
Figure 35 Oil & Gas Industry Dominated the Market for Bells & Horns in 2016
Figure 36 Speakers & Tone Generators Market Size, 2016 (USD Million & Thousand Units)
Figure 37 Hazardous Area Equipment, By Connectivity Service
Figure 38 Wireless Services to Hold the Largest Size of the Hazardous Area Equipment Market By 2022
Figure 39 Hazardous Area Equipment, By Industry
Figure 40 Oil & Gas Industry to Lead the Hazardous Area Equipment Market During the Forecast Period
Figure 41 RoW Held the Largest Share of the Hazardous Area Equipment for the Oil & Gas Industry in 2016
Figure 42 Europe Led the Chemical & Pharmaceutical Industry in the Hazardous Area Equipment Market in 2016
Figure 43 U.S. Held the Largest Share of the North American Hazardous Area Equipment for the Chemical & Pharmaceutical Industry in 2016
Figure 44 Germany is Projected to Lead the European Hazardous Area Equipment Market for the Chemical & Pharmaceutical Industry During the Forecast Period
Figure 45 North America Held the Largest Share of the Hazardous Area Equipment for the Food & Beverage Industry in 2016
Figure 46 U.S. Held the Largest Share of the North American Hazardous Area Equipment Market for the Food & Beverage Industry in 2016
Figure 47 Asia-Pacific is Projected to Lead the Hazardous Area Equipment for the Energy & Power Industry Between 2017 and 2022
Figure 48 U.S. Led the North American Hazardous Area Equipment Market for Mining Industry in 2016
Figure 49 North America to Lead the Hazardous Area Equipment for Other Industries During the Forecast Period
Figure 50 Hazardous Area Equipment Market, By Geography
Figure 51 RoW is Projected to Lead the Hazardous Area Equipment in Terms of Value During the Forecast Period
Figure 52 North America: Hazardous Area Equipment Market Snapshot
Figure 53 The U.S. Held the Largest Share of the North American Hazardous Area Equipment in 2016
Figure 54 Europe: Hazardous Area Equipment Market Snapshot
Figure 55 Germany is Estimated to Account for the Largest Market for Hazardous Area Equipment in Europe Through 2022
Figure 56 Hazardous Area Equipment Market Snapshot in Asia-Pacific in 2016
Figure 57 China to Be the Leading Market for Hazardous Area Equipment in Asia-Pacific Till 2022
Figure 58 Middle East & Africa to Be the Leading Market for the Overall Hazardous Area Equipment Till 2022
Figure 59 Companies Adopted New Product Launches as the Key Growth Strategy Between 2014 and 2016
Figure 60 Market Evolution Framework – New Product Launches/Developments Fueled Growth and Innovations in the Hazardous Area Equipment Between 2014 and 2016
Figure 61 Battle for Market Share: New Product Launches/Developments Was the Key Growth Strategy, 2014–2016
Figure 62 Dive Chart
Figure 63 Geographic Revenue Mix of Top 5 Players
Figure 64 Siemens AG: Company Snapshot
Figure 65 Honeywell International, Inc.: Company Snapshot
Figure 66 ABB Ltd.: Company Snapshot
Figure 67 Rockwell Automation, Inc.: Company Snapshot
Figure 68 Eaton Corporation PLC: Company Snapshot
Figure 69 Emerson Electric Co.: Company Snapshot
Figure 70 R. Stahl AG: Company Snapshot
Figure 71 Federal Signal Corporation: Company Snapshot

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