Middle East and Africa Hazardous Location Thermostats Market - By Types, Class, Divisions, Hazardous Zones, Applications, Countries and Vendors - Market Trends and Forecasts (2015- 2020)
The Middle East and Africa hazardous location thermostats market is estimated to be worth $0.037 billion in 2015 and is projected to grow at a CAGR of 5.87% during the forecast period to reach $0.049 billion by 2020. Being the world's major hub for oil and gas sector, the region has a huge potential for these solutions. Although, regional conflicts may undermine the growth, the presence of the some of the world's biggest firm in the sector will drive the investment towards these solutions.
Rapid technological innovation and growing number of industries have been a powerful impact for the hazardous location thermostats market in the region. From petrochemical plants to oil refineries and from grain elevators to pulp and paper mills, all these industries has led to a robust demand for hazardous location thermostats market. Hazardous location thermostats are specially designed for hazardous location temperature control i.e. it controls the heating, cooling, or ventilation systems with an adjustable knob for easy and convenient set point adjustments. Thermostats are the devices/components of a control system, which senses and maintains a system at a constant temperature by switching the devices on or off as per the need. It serves as a control unit for heating or cooling the system or a component part of a heater or air conditioners.
There are different types of thermostats used in different hazardous locations having different zones and classes. The different zones are zone 0, zone 1 and zone 2, whereas, the classes are divided into class I, class II and class III. These different zones and classes, identify the physical characteristics of the hazardous materials present. Moreover, these thermostats are used for temperature control of heaters or low-temperature alarms in enclosures. They are used in explosion-prone areas like oil refineries, grain elevators, munitions plants, hospital operating rooms, coalmines and other hazardous locations.
The hazardous location thermostats market is primarily classified based on their types, class, divisions, hazardous zones, applications and geography. Based on the segmentation of types, the hazardous location thermostats market is divided into line-voltage thermostats and low-voltage thermostats. The countries segmented for hazardous location thermostats market are Qatar, South Africa, United Arab Emirates, South Africa and others.
Some of the market players mentioned in the report are Pentair Ltd., Johnson Controls, Inc., R. Stahl, Inc., Honeywell International, Inc., Watlow Electric Manufacturing Company, Schneider Electric SA and Emerson Industrial Automation.
The rapid technological advancement, increasing number of applications in the industrial sector and the growing safety measures are some of the major drivers stimulating the growth of this market.
Challenges: Cost of installations is one of the major challenges faced by hazardous location thermostats market.
What the report offers
Market Definition for the hazardous location thermostats along with identification of key drivers and restraints for the market Market analysis of the Middle East and Africa hazardous location thermostats market, with region specific assessments Identification of factors instrumental in changing the market scenarios, offering prospective opportunities and the identification of key companies, which can influence the Middle East and Africa market on the 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 Middle East and Africa hazardous location thermostats market on the 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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