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Global Hazardous Area Sensors Market Analysis, Trends, and Forecasts, 2019-2025 - ResearchAndMarkets.com

March 5, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Mar 5, 2020--

The “Hazardous Area Sensors - Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.

Hazardous Area Sensors market worldwide is projected to grow by US$1.8 Billion, driven by a compounded growth of 4.4%.

Power, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.2 Billion by the year 2025, Power will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$62.7 Million to the region’s size and clout in the next 5 to 6 years. Over US$50.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Power will reach a market size of US$27.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.1% over the next couple of years and add approximately US$512.2 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,

  • ABB Group
  • Eaton Corporation PLC
  • Endress+Hauser AG
  • Honeywell International, Inc.
  • Mettler-Toledo International, Inc.
  • NEO Monitors AS
  • SICK AG
  • Siemens AG
  • Yokogawa Electric Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Significance of Intrinsic Safety as a Protection Technique for Equipment in Hazardous Areas Continues to Grow
  • Hazardous Area Sensors: Focus of Industry Participants on Preventing Accidents in Hazardous Areas Drives Market Growth
  • Global Competitor Market Shares
  • Hazardous Area Sensors Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Strict Workplace Safety Regulations Translate into Growth Opportunities for Hazardous Area Sensor Market
  • Rising Significance of Position Sensors in Hazardous Areas
  • Sensor Safety Rating: A Critical Requirement in Hazardous Areas
  • Gas Sensors/Detectors for Effective Monitoring of Hazardous Areas
  • Explosion-Proof Hydrogen Sensor: Ensuring Safety of Electrical Equipment in Risk-Prone Areas
  • Methane Gas Sensor: Monitoring and Detecting Methane Gas in Air
  • Infrared Sensors Emerges As the Preferred Option for Detection of Methane Gas
  • High Significance of Hazardous Gas Detection Sensors in Coal Mines
  • Specifying Temperature Sensors to Appropriate Standards: Essential to Ensure Safety of Hazardous Areas
  • ISCTH Intrinsically Safe DC Current Sensors
  • Chemical Industry: High Risk Facilities with Exposure to Hazardous Gases Necessitate Hazardous Area Sensors
  • Stable Growth Outlook for Chemical Industry to Benefit Hazardous Area Sensors Market
  • Chemical Industry Growth Worldwide - Percentage Growth of Chemical Production Volume for the Years 2019 through 2023
  • Hazardous Operations and High Operating Costs of Oil & Gas Industry Implies Higher Focus on Safety, Drives Hazardous Area Sensors Market
  • Increasing Importance of Sensors for Hazardous Gas Detection in Oil & Gas and Petrochemical Industries
  • Sensors Find Use in Detection of Hydrogen Sulphide in Oil & Gas Exploration & Production Operations
  • Increase in Oil & Gas Industry Activity Raises Demand for Safety of Facilities, Driving Demand for Hazardous Area Sensors
  • Growing Investments in Oil & Gas Exploration: Capital Expenditure in US$ Million for the Years 2019, 2021, 2023, 2025
  • Operational Risks of Electric Power Industry Translate into Growth for Hazardous Area Sensors
  • Concerns over Growing Hazards at Coal-Fired Power Plants Drives Demand for Sensors
  • Gas Detection Sensors Vital for Detection of Hazardous Gases in Power Plants
  • Hazardous Gas Detection Based on IoT in Power Plants
  • Despite Collapse of Coal-Fired Power Generation Globally in Recent Years, Emergence of New Capacities in China and India Sustain Growth
  • Global Coal-Fired Power Generation Capacity in GW for the Years 2018, 2020, 2022 and 2024
  • CO2 Sensors: Providing Safety to High Risk Nuclear Power Applications
  • A Long List of Accidents at Nuclear Power Plants Raises Importance of Hazardous Area Sensors
  • IoT Sensors Emerge to Play a Critical Part in Ensuring Safety in Industrial Environments
  • Siemens Develops New Detection Technology for Protecting Pumps against Dry Running in Hazardous Areas
  • PRODUCT OVERVIEW
  • What is a Hazardous Area?
  • Classification of Hazardous Areas
  • Protection Techniques & Methods Used to Reduce Incidents in Hazardous Locations
  • Hazardous Area Sensors
  • Specifics to Consider for Sensors in Hazardous Environments

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures
  • US Hazardous Area Sensors Market Share (in %) by Company: 2019 & 2025
  • Market Analytics

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures
  • European Hazardous Area Sensors Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

V. CURATED RESEARCH

For more information about this report visit https://www.researchandmarkets.com/r/svmja

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SOURCE: Research and Markets

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PUB: 03/05/2020 07:53 AM/DISC: 03/05/2020 07:53 AM

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