Hazardous Location Motors Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Hazardous location motors are premeditated for use on blowers, fans, transports, and instruments for risky area applications. Engines worked to contain blasts inside the engine packaging and forestall start outside the motor by suppressing sparkles, blazing, and shock waves. Our risky area engines are ideal for applications commonly found in oil and gas and grain preparing activities. If an explosion occurs inside a machine engine, the underlying blast could light components noticeable all around, making a lot greater blast and putting laborers lives in danger. Today, numerous administration guidelines and laborers privileges support bunches necessitate that engines satisfy definite guidelines.
Hazardous Location Motors Market Growth and Trends
Increasing usage of oils and gases, the need to explore and extract these products has risen. However, the regulations to assure safety in such locations are getting stricter owing to the explosive nature. This has led to the growing demand for hazardous location motors.
These motors are used in locations where the vapor, dust and flammable gases concentration is quite high. The chances of such places catching fire and experiencing a blast is extremely high causing subsequent damage to the environment. Hazardous location motors are equipped for safe application in such extreme conditions. Such motors are widely used in coal plants, oil refineries and chemical storage warehouses. Extensive application of these products for various industrial use has elevated the need for hazardous location motors globally. These locations are extremely prone to accidents thus, there is an increased focus on safety measures and the development technology of these motors revolves around this criteria alone. Explosion proof motor starters are on the rise as any accidental incidents lead to a loss of time and life.
Hazardous Location Motors Market Regional Analysis
Increasing industrial safety measures and the growing implementation of regulatory norms in place are expected to grow the hazardous location motors market globally. The Asia Pacific region is expected to dominate the market with the rapid emergence of industries and sticker rules and regulations that are laid down on safety grounds. Europe is estimated to grow its market due to increasing innovation in technology and growing safety measures. North American market is expected to grow in the market exponentially with a significant rise in demand for flame and explosion-proof hazardous area equipment in the region. The Middle Eastern and African region is expected to grow steadily with an increasing focus on increasing safety measures in industries. The large reservoirs of shale gas in Argentina has led to its widespread growth in terms of the demand of hazardous location motors. It has emerged to become one of the largest contributor for the increasing market value. Latin America is expected to show extensive growth due to increased discoveries and drilling for new hydrocarbons. Europe and North American governments have passed on stringent laws regarding the safety protocols to be measured in hazardous locations resulting in a huge requirement for safe and quality motor system. Indiscriminate use of oil has witnessed a surge in oil refineries globally, directly heightening the need for hazardous location motors.
The manufacturing process of such motors, which have the capability to entirely engulf an internal explosion without the passage of gases from the enclosed area preventing any toxic leakage into the environment, is a challenging aspect. This leakage can have grave harmful effects to the air quality causing multiple ailment to the entire ecosystem.
Hazardous Location Motors Market Share and Competition
Key companies operating in this industry are: Brook Crompton, ABB Group, GE Industrial Solutions, Stainless Motors, Bluffton Motors Works, Dietz Electric, Emerson Industrial Automation, WEG Industries, Rockwell Automation, Nidec Motor Corporation, Kollmorgen and Heatrex.
Hazardous Location Motors Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Explosion-Proof General Purpose Motors
• Drill Rig Duty Motors
• Explosion-Proof Pump Motors
• Explosion-Proof Inverter Duty Motors
• Others
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Petroleum Refining Plants
• Dry Cleaning Facilities
• Spray Painting and Finishing Areas
• Utility Gas Plants
• Fire Work Plants
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Hazardous Location Motors Market Companies
• Brook Crompton
• ABB Group
• GE Industrial Solutions
• Stainless Motors
• Bluffton Motors Works
• Dietz Electric
• Emerson Industrial Automation
• WEG Industries
• Rockwell Automation
• Nidec Motor Corporation
• Kollmorgen
• Heatrex
Available Versions:-
United States Hazardous Location Motors Market Research Report
Europe Hazardous Location Motors Market Research Report
Asia Pacific Hazardous Location Motors Market Research Report
India Hazardous Location Motors Market Research Report