The Global Hazardous Location Connectors Market is valued at USD 11.30 billion in 2016 and is expected to reach a value of USD 15.33 billion by the end of 2022, growing at a projected CAGR of 5.22 % during the forecast period of 2017 – 2022. The various government safety standards have made the use of hazardous environment safe connectors compulsory in almost all the industrial sectors. As per these safety standards, we have the hazardous location safety connectors that are explosion or flame-proof as well as corrosion resistant. These connectors provide protection to the industrial equipment and to the personnel. Moreover, they prevent the occurrence of major accidents in the hazardous areas. Thus, knowing all the parameters, which can guide us in choosing the right kind of hazardous location connector is critically important, in order to avoid the risk of explosion or fire due to ignitable gases, dust or vapors.
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The global hazardous location connectors market is broadly segmented based on class, hazardous zones, applications, end-users and geography. On the classification of class, the hazardous location connectors market are divided into class I, class II and class III. Similarly, based on the hazardous zones, the market is segmented into zone 0, zone 1 and zone 2. Further, on the classification of applications, the market segments are oil refineries, petrochemical refineries, pulp & paper mills, food & beverage processing, oil & gas production, pharmaceutical manufacturing, wastewater treatment facilities and others.
Some of the key market players mentioned in the report are American Connectors, Inc., Steck Connections, Thomas & Betts, Texcan, Hubbell-Killark and more.
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Drivers: The key factors contributing to the growth of global hazardous location connectors market are rising industrial safety measures, increasing applications in the industrial sector and reducing costs and growing awareness among industry personnel.
Challenges: The complexity of standards and product installation and maintenance costs are the key challenges for the hazardous location connectors market.
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