SAN FRANCISCO , March 22, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Hazardous Area Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year
Edition: 7; Released: February 2022 Executive Pool: 41246 Companies: 211 - Players covered include ABB Ltd.; E2S Warning Signals; Eaton Corporation Plc; Emerson Electric Co.; Federal Signal Corporation; Honeywell International, Inc.; NHP Electric Engineering Products; Patlite Corporation; Potter Signal Co.; R.Stahl AG; Rockwell Automation; Siemens AG; Tomar Electronics, Inc.; WERMA Signaltechnik GmbH + Co. KG and Others. Coverage: All major geographies and key segments Segments: Product (Cable Glands & Accessories, Process Instruments, Industrial Controls, Motors, Strobe Beacons, Other Products); Connectivity (Wireless, Wired); End-Use (Oil & Gas, Chemical & Pharma, Food & Beverage, Energy & Power, Mining, Other End-Uses) Geographies: World; USA ; Canada ; Japan ; China ; Europe ; France ; Germany ; Italy ; UK; Spain ; Russia ; Rest of Europe ; Asia-Pacific ; Australia ; India ; South Korea ; Rest of Asia-Pacific ; Latin America ; Argentina ; Brazil ; Mexico ; Rest of Latin America ; Middle East ; Iran ; Israel ; Saudi Arabia ; UAE; Rest of Middle East ; Africa .
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Hazardous Area Equipment Market to Reach $8.7 Billion by 2026 Hazardous areas are plants or field areas that are at risk of explosion or fire due to the presence of ignitable concentrations of flammable vapor, gas or dust. A minor electrical spark in hazardous areas of chemical plants, refineries or oil & gas facilities can lead to explosions or fire, causing severe damage to facility and equipment and could also lead to loss of human life. Hazardous area equipment is prominently used in industries such as chemical plants, petroleum refineries, grain handling, sewerage treatment, oil, and gas. These industries have equipment that may pose potential risks and so require measures to ensure safety of the area. The role and demand for hazardous area systems and components has changed considerably over the years due mainly to the rapid proliferation of digital networks and technologies at the field level. The high risk presented by hazardous environments is also fueling demand for specialized automation systems and products that are intended to prevent electrical or other types of sparking. In addition technologies such as IoT and Industrial IoT are also leading to considerable changes in hazardous area management supported by the advent of new age field-mounted sensors as well as edge devices.
Amid the COVID-19 crisis, the global market for Hazardous Area Equipment estimated at US$6.5 Billion in the year 2022, is projected to reach a revised size of US$8.7 Billion by 2026, growing at a CAGR of 6.5% over the analysis period. Cable Glands & Accessories, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$2.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Process Instruments segment is readjusted to a revised 6% CAGR for the next 7-year period. The rising in number of refineries and the imperative need to ensure safety is fueling growth in the explosion proof cable glands market. The use of explosion proof cable glands is also growing in mining, oil & gas, processing, manufacturing, and chemicals industries. In underground mining industry, the need to ensure safety of drilling and excavation operations, which are often carried out in hazardous environments, is enhancing deployments of explosion-proof cables and cable glands.
The U.S. Market is Estimated at $1.7 Billion in 2022, While China is Forecast to Reach $799 Million by 2026 The Hazardous Area Equipment market in the U.S. is estimated at US$1.7 Billion in the year 2022. China , the world`s second largest economy, is forecast to reach a projected market size of US$799 Million by the year 2026 trailing a CAGR of 7.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 4.3% and 5.5% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 4.6% CAGR.
Industrial Controls Segment to Reach $1.4 Billion by 2026 In the global Industrial Controls segment, USA , Canada , Japan , China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$569.2 Million will reach a projected size of US$849.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia , India , and South Korea , the market in Asia-Pacific is forecast to reach US$95.2 Million by the year 2026, while Latin America will expand at a 7.1% CAGR through the analysis period. More
MarketGlass™ Platform Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™ Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS: Zak Ali Director, Corporate Communications Global Industry Analysts, Inc. Phone: 1-408-528-9966 www.StrategyR.com Email: ZA@StrategyR.com
LINKS Join Our Expert Panel https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter https://twitter.com/marketbytes
Journalists & Media Info411@strategyr.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/valued-to-be-8-7-billion-by-2026--hazardous-area-equipment-slated-for-robust-growth-worldwide-301506337.html
SOURCE Global Industry Analysts, Inc.
Do you have the right portfolio for your retirement savings? When it comes to long-term investing, the biggest issue — by far — is overall asset allocation: How much to stocks, sectors, assets and so on. Picking individual securities within those asset classes — individual stocks or bonds, for example — usually turns out to be much less important.
(Bloomberg) -- California Governor Gavin Newsom said Friday that his state has a record $97.5 billion operating surplus, as high tax rates on its wealthiest residents mean he has more cash to fund liberal priorities such as education and health care.Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over CEO’s Abortion CommentsApple Testing iPhones That Ditch Lightning Ports in Favor of USB-CIndia Bans Wheat Exports as Food Security Come
Circle CEO Jeremy Allaire joins Yahoo Finance Live to discuss the collapse of stablecoins like Terra, the cryptocurrency sell-off, crypto regulation, and the outlook for crypto exchanges.
Meanwhile, things are even worse for the growth-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC). Following its all-time high in November 2021, the Nasdaq has tumbled 27%. The Nasdaq's tumble officially places it in a bear market.
(Bloomberg) -- An investment firm for the Walton family ramped up its position in a U.S. municipal bond fund and added a sizable stake in Japanese equities, while also betting on small-cap stocks and Coinbase Global Inc. before tumultuous declines. Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over CEO’s Abortion CommentsApple Testing iPhones That Ditch Lightning Ports in Favor of USB-CIndia Bans Wheat Exports as Food Security Comes
Feel poorer after the S&P 500's sell-off? Just know it could be worse. Much worse. Investors who piled in some $40 billion firms found out.
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. Mortgage rates on 30-year fixed rate loans have climbed from about 3.5% earlier this year to upwards of 5.6%, and pros say they may go higher (see the lowest mortgage rates you can qualify for here). Home prices too have made a steady climb upwards, growing about 20% from March 2021 to March 2022, according to CoreLogic.
Micron could be the cheapest tech stock in the market, based on its price/earnings ratio. Western Digital isn’t far behind.
Big downturns are part of the investing game. No one knows where the bottom is, but here’s where to find good deals in quality stocks.
Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. Most of the 20.27 million millionaires in the U.S. did not … Continue reading → The post Where Do Millionaires Keep Their Money? appeared first on SmartAsset Blog.
In this article, we will discuss the 12 best energy stocks for 2022. If you want to skip our detailed analysis of the energy sector which highlights key trends and major players, you can go directly to 5 Best Energy Stocks for 2022. The energy sector has been the biggest contributor to skyrocketing inflation in […]
The departing executives said he was asked to leave by the CEO, who "wants to take the team in a different direction."
A rally attempt is underway. Get ready, get set, but don't go just yet. Chevron, Broadcom, Tesla and Twitter are among stocks to watch.
Friday's mini-rally notwithstanding, it’s getting ugly out there. Bottom line: The market may shoot back up anytime, but this doesn’t feel like a plain-vanilla dip
A Friday rally saves the S&P 500 from a technical bear market, but leaves questions hanging: How long will this last, and will it end in recession?
Shares of Boeing (NYSE: BA) joined the rally on Friday morning, trading up more than 6% at one point, only to give up most of those gains as they day went on. Investors got a reminder of the challenges that face Boeing's commercial division, taking the wind out of the shares. It's been a tough run for Boeing, with shares down by more than 60% since the start of 2020.
Billionaire George Soros’s investment fund has doubled down on its bet on Rivian Automotive Inc. and taken new positions on EV makers Nio Inc. and Lucid Motors Inc., according to a filing late Friday. The fund sold off its positions on Fisker Inc. and on General Motors Co.
Investors liked what they heard from the metaverse pioneer, and the stock price is shooting higher. The stock was under pressure for several quarters as investors worried about how customer engagement would adapt as economies reopened. The update assuaged some of those concerns, but Roblox stock is still some 80% off its high even after the recent rise.
The digital banking company has gotten crushed this year along with many other tech and fintech stocks.
(Bloomberg) -- If the worst-case scenario for Germany hits, BMW AG, Mercedes-Benz AG and Volkswagen AG would struggle to paint their cars and the air across the country would get dirtier.Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over CEO’s Abortion CommentsApple Testing iPhones That Ditch Lightning Ports in Favor of USB-CIndia Bans Wheat Exports as Food Security Comes Under ThreatElon Musk Trolls TwitterEurope’s largest economy