Europe Hazardous Location Connectors Market - By Class, Hazardous Zones, Applications, Country and Vendors - Market Trends and Forecasts (2015 - 2020)
The Europe Hazardous Location connectors market is estimated to be worth $3.12 billion in 2015 and is projected to grow at a Compounded Annual Growth Rate (CAGR) of 4.68% during the forecast period to reach $3.92 billion by 2020. The region is still recovering from the economic crisis of 2009. New investments have been low but are slowly picking up leading to increasing demand for these solutions.
The various government safety standards have made the use of hazardous environment safe connectors compulsory in almost all the industrial sectors. As per these safety standards, we have the hazardous location safe connectors that are explosion or flame proof as well as corrosion resistant. These connectors provide protection to the industrial equipment as well as the personnel and prevent the occurrence of major accidents in the hazardous areas. Hence, knowing all the parameter that can guide you in choosing the right kind of hazardous location connector is critically important, to avoid the risk of explosion or fire due to ignitable gases, dusts or vapors.
The Europe Hazardous Location connectors market is broadly segmented on the basis of class, hazardous zones, applications, end users and geography. On the basis of class, the hazardous location connectors market has been segmented into Class I, Class II, and Class III. On the basis of Hazardous Zones, the market has been segmented into Zone 0, Zone 1, and Zone 2. Based on applications, the market segments are Oil Refineries, Petrochemical Refineries, Pulp & Paper Mills, Food & Beverage Processing, Oil & Gas Production, Pharmaceutical Manufacturing, Wastewater Treatment Facilities and others.
Hazardous Location Connectors market has been segmented by country wise United Kingdom, Germany, Russia and others.
Some of the key market players mentioned in the report are American Connectors, Inc., Steck Connections, Thomas & Betts, Texcan, Hubbell-Killark, and more.
The key factors contributing to the growth of Europe Hazardous Location Connectors Market are Rising Industrial Safety Measures, Increasing Applications in the Industrial Sector and Reducing Costs, and Growing Awareness among Industry Personnel.
Complexity of standards and product installation and maintenance costs are the key challenges of the Hazardous Location Connectors Market.
What the report offers
Market Definition for the specified topic along with identification of key drivers and restraints for the market Market analysis of Eurpean Hazardous Location connectors market, with region specific assessments Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a Europe and regional scale Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares Identification and analysis of the Macro and Micro factors that affect the Europe Hazardous Location connectors market on both Europe and country scale A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
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