Hazardous Location Connectors Market - Growth, Trends, and Forecast (2020 - 2025)
The hazardous location connectors market was valued at USD 10.6 billion in 2019 and is expected to reach USD 14.54 billion by 2025, at a CAGR of 5.4% over the forecast period 2020 - 2025. Fiber optic connector is in trend where the use of fibre optic communications are becoming more prevalent to set to improve both safety and productivity. It offers an alternative to hard-wiring methods, allowing users to safely make and break fibre optic cables by providing wide operating temperature ranges including subzero operation in the field with minimal downtime during hazardous time.
- Rising industrial safety measures is driving the market, as the tools and equipment used in manufacturing can produce heat and flame, increasing the risk for fires, especially in Class I location, by which connectors play an important role to prevent these types of explosions.
- Increasing applications in the industrial sector is driving the market as every applications require different connector designs due to its industry need to overstand shock, vibration and extreme temperatures. In the oil sector, high-quality flexible connectors are use by properly connecting all metallic non-current carrying equipment to prevent shock, whereas waterproof electrical connectors which is rubber moulded are use in wastewater treatment facilities.
- However, higher product installation and maintenance cost challenge the market growth, as wire-terminated or PCB-mounted connector have additional costs associated with them which makes the cost high.
Scope of the Report
The hazardous location connectors market are contributing to the growth by rising industrial safety measures, increasing applications in the industrial sector and reducing costs and growing awareness among industry personnel. The various safety standards laid down by the government have made the use of environment-safe connectors obligatory in nearly all the industrial sectors, such as oil refineries, pulp & paper mills, pharmaceutical manufacturing, etc.
Key Market Trends
Oil Refineries to Increase the Growth of Market
- As the demand of crude oil is growing yearly, there is a need of safety equipment which can prevent any fatality at the hazardous zone in the refineries factories, as some areas of a refinery are inherently dangerous, with levels of explosive gases and chemicals potentially present at all times. Explosion-proof parts such as connectors can be place inside an enclosure which can withstand an internal explosion caused by a spark.
- Thomas & Betts products named Mechanical Grounding Connectors which is flexible connectors is very effective by properly connecting all metallic non-current carrying equipment at the oil and gas facility, which greatly reduce the potential for electric shock and explosions.
- Vector Techlok clamp connectors of Freudenberg Oil & Gas Technologies’ are the most effective and economical pipe connection systems which can withstand considerable bending moments and axial forces under pressure without leaking to prevent hazardous fatality or the bolts becoming loose which greatly reduce the maintenance costs and major fatal incidents.
- In June 2018, an explosion and fire rocked the Chevron Refinery in El Segundo, prompted a call for residents to shelter in place as thick black smoke billowed into the sky due to oil-fueled flame. It burned some power lines, causing big electrical flashes and sending some of the lines falling to the ground. So the use of connectors is highly in demand which causes to grow the market.
North America to Account for a Major Share
- North America is growing in this market as various government safety standards have made the use of safe connectors compulsory in almost all the industrial sectors. The hazardous connection interface is designed to meet the requirements for ignition protection under a Class 1 Div ll environment according to the American standard NEC 500 (National Electrical Code).
- United States is having high growth among countries. HARTING’s Han Ex connector series have been certified to the National Electric Code’s NEC 500 standard for use in Class I, Division II hazardous locations, making them available for use across the countries, where metal locking levers lock the connectors and can be released only with a tool, preventing opening by accident in an explosive atmosphere.
- In United States, BICON's range of compact barrier glands provides an efficient and cost-effective means of terminating electrical cables in hazardous areas. The BICON barrier connectors are easy to inspect as the compound chamber has been specifically designed to facilitate a quick visual check after assembly.
The hazardous location connectors market is highly fragmented and the major players have used various strategies such as new product launches, joint ventures, expansions, partnerships, acquisitions, and others to increase their footprints in this market, which is giving a high rivalry to the local players. Key players are American Connectors, Inc., Steck Connections, Thomas & Betts, etc. Recent developments in the market are -
- May 2019 - ITT BIW Connector Systems showcased Metal-Lok Slimline Wellhead Penetrator, which is a high-utility system that is ideally suited for 300°F (149°C) and 5000 psi service. It is a user-friendly well-head penetrator system with advanced features like crimp-free high voltage cable connections and BIW’s QuickThread connector engagement.
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- 1 INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
- 2 RESEARCH METHODOLOGY
- 3 EXECUTIVE SUMMARY
- 4 MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Introduction to Market Drivers and Restraints
- 4.3 Market Drivers
- 4.3.1 Rising Industrial Safety Measures
- 4.3.2 Increasing Applications in the Industrial Sector
- 4.4 Market Restraints
- 4.4.1 Product Installation and Maintenance Cost
- 4.5 Industry Value Chain Analysis
- 4.6 Industry Attractiveness - Porter's Five Force Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
- 5 TECHNOLOGY SNAPSHOT
- 6 MARKET SEGMENTATION
- 6.1 By Class
- 6.1.1 Class I
- 6.1.2 Class II
- 6.1.3 Class III
- 6.2 By Hazardous Zone
- 6.2.1 Zone 0
- 6.2.2 Zone 1
- 6.2.3 Zone 2
- 6.3 By Application
- 6.3.1 Food & Beverage Processing
- 6.3.2 Oil & Gas Production
- 6.3.3 Oil Refineries
- 6.3.4 Petrochemical Refineries
- 6.3.5 Pharmaceutical Manufacturing
- 6.3.6 Wastewater Treatment Facilities
- 6.3.7 Other Applications
- 6.4 Geography
- 6.4.1 North America
- 6.4.2 Europe
- 6.4.3 Asia-Pacific
- 6.4.4 Latin America
- 6.4.5 Middle East & Africa
- 7 COMPETITIVE LANDSCAPE
- 7.1 Company Profiles
- 7.1.1 American Connectors, Inc.
- 7.1.2 Amphenol Industrial Products Group
- 7.1.3 Thomas & Betts
- 7.1.4 Texcan
- 7.1.5 Hubbell-Killark
- 7.1.6 Steck Connectors
- 7.1.7 ITT BIW Connector Systems
- 7.1.8 Crouse-Hinds (Eaton)
- 7.1.9 Emerson Industrial Automation
- 7.1.10 Vantage Technology
- 8 INVESTMENT ANALYSIS
- 9 MARKET OPPORTUNITIES AND FUTURE TRENDS