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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