The North America Hazardous Area Equipment Market would witness market growth of 4.7% CAGR during the forecast period (2022-2028).
The versatility of the cable glands for various tasks is a reason fueling the expansion of the market. The Hazardous Area Equipment Companies are also accumulating product needs, which have dramatically industrialized the world market. The expensive equipment prices may be a barrier for the market for hazardous area equipment.
Hazards for gas are classified as Zones 0, 1, or 2, with Zone 0 being the greatest risk, while for dust, they are classified as Zones 20, 21, or 22, with Zone 20 being the highest risk. According to the "Division" method, dangers are classified as Class I Division 1 or 2, with 1 being the highest hazard, and Class II Division 1 or 2, with 1 being the greatest hazard, for gas and dust, respectively.
The frequency and length of time that ignitable gases or dusts may be in the environment are factors in how Zones and Divisions are categorized. The highest surface temperature that a product intended for use in a potentially hazardous environment is permitted to function at, in relation to an ambient temperature range of -20°C to +40°C, is defined by temperature classification (also known as temperature class, or T class).
The US government did not require the use of equipment that was explosion resistant in the late 19th century. However, the government recently passed laws in a number of different industrial sectors. The National Fire Protection Association (NFPA), Factory Mutual - FM3610, Occupational Safety and Health Administration (OSHA), Underwriters Laboratories (UL), and others are the main regulating organisations in the area. As a result, the market saw an increase in the rates at which existing equipment was replaced. The alternate Zone method of hazardous site categorization is still relatively new in the United States compared to the rest of the globe, which is further encouraging firms to replace their current equipment.
The US market dominated the North America Hazardous Area Equipment Market by Country in 2021; thereby, achieving a market value of $3,379.1 million by 2028. The Canada market is experiencing a CAGR of 7.1% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 6.2% during (2022 - 2028).
Based on Product, the market is segmented into Cable Glands & Accessories, Measurement Devices, Control Products, Lighting Product, Alarm Systems, and Motors. Based on Industry, the market is segmented into Oil & Gas, Food & Beverages, Chemical & Pharmaceuticals, Energy & Power, Mining, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hazardous Area Equipment Market is Predict to reach $13.5 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Honeywell International, Inc., Siemens AG, Emerson Electric Co., Rockwell Automation, Inc., Eaton Corporation PLC, R. STAHL AG, E2S Warning Signals, NHP Electrical Engineering Products Pty Ltd. and PATLITE Corporation
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