Europe Hazardous Location Motor Starters Market - By Types, Class, Division, Hazardous Zones, Applications, Countries and Vendors - Market Trends and Forecasts (2015 - 2020)
The European hazardous location motor starters market is estimated to be worth $162 million in 2015 and is projected to grow at a CAGR of 4.07% during the forecast period to reach $207 million by 2020. The hazardous location motor starters market in Europe is projected to exhibit a high growth because of the rising oil & gas prices. In addition, the increased exploration and production E&P activities, influenced by the rising energy demand and stronger signs of economic recovery in the Eurozone after years of recession of 2009, are all contributing towards this estimated growth of the market.
The hazardous location motor starters are explosion-proof devices, placed in a rigid metallic conduit system for the surface mounting adjacent to, or remote from the equipment being controlled. These motors are used in hazardous locations, where concentrations of flammable gases, vapors and dust are very high. They are used for across-the-line motor starting, motor disconnecting, motor and line protection and start-stop operations, specially designed within the specified KW power output range and are available with or without an isolator to be used in different hazardous zones. They are classified as zone 0, zone 20, zone 1, zone 21, zone 2 and zone 22, whereas based on their physical characteristics of the hazardous material, the motor starters market can be segregated into class I, class II and class III.
The Europe hazardous location motor starters market is decentralized based on their types, class, division, hazardous zones, applications and geography. Based on the types, the market is segmented into low-voltage motor starter, full-voltage motor starter, manual motor starter, magnetic motor starter and others. Whereas, as per application, the market is segmented into paint storage areas, coal preparation plants, sewage treatment plants, oil refineries, grain elevators and others. Some of the market players mentioned in the report are Eaton, Emerson Industrial Automation, WEG Industries, Rockwell Automation, R. Stahl, Inc. and Schneider Electric.
Technological advancement, growing safety measures, growing demand for instruments used for protection against thermal overload are some of the major drivers stimulating growth of this segment.
The major challenges faced by the segment are relating to the manufacture of starters, as they need to withstand the most severe weather conditions and corrosive environments.
What the report offers:
Market Definition for the hazardous location motor starter market along with identification of key drivers and restraints for the market Market analysis for the Europe hazardous location motor starter market, with region specific assessments Identification of factors instrumental in changing the market scenarios, offering prospective opportunities and identification of key companies, which can influence the market on a 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 motor starter market on a regional 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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