Latin America Hazardous Location Motor Starters Market - By Types, Class, Division, Hazardous Zones, Applications, Regions and Vendors - Market Trends and Forecasts (2016 - 2021)
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.
The Latin America hazardous location motor starters market is estimated to be worth USD 39 million in 2016 and is projected to grow at a CAGR of 4.61% during the forecast period to reach USD 51 million by 2021.The market is expecting a progressive growth over the coming years as it has a huge potential to make considerable profits. These hazardous motor starters 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.
The Latin America hazardous location motor starters market are broadly segmented on basis of types, class, division, hazardous zones, applications and geography. Based on the types, the market can be segmented into low voltage motor starter, full voltage motor starter, manual motor starter, magnetic motor starter and others. They are classified as zone 0, zone 20, zone 1, zone 21, zone 2 and zone 22, whereas based on the physical characteristics of the hazardous material, the motor starters market can be segregated into class I, class II and class III. Similarly, as per application, the market has been 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 the growth of this segment.
The major challenges faced by the segment is relating to manufacturing of starters so that it can withstand most severe weather conditions and corrosive environment.
What the report offers:
Market definition for the Latin America hazardous location motor starter market, along with identification of key drivers and restraints. Market analysis for the Latin America hazardous location motor starter market, with region-specific assessments. Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that 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 share. Identification and analysis of the macro and micro factors that affect the Latin America 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.
PDF E-mail From Publisher
Multi User License (2-5 Users) Fulfilled by Publisher