Research Report : Global Hazardous Location Thermostats Market | Page 2

In the past few years , the rapid technological innovation and the growing number of industries especially from petrochemical plants to oil refineries , from grain elevators to pulp and paper mills have led to robust demand for Hazardous Location Thermostats Market . Thermostats are the devices / components of a control system , which senses and maintains a system at a constant temperature by switching the devices on or off as and when needed . It serves as a control unit for heating or cooling the system or a component of heaters or air conditioners . These hazardous location thermostats are specially designed for hazardous location temperature control i . e . it controls the heating , cooling , or ventilation systems with an adjustable knob for easy and convenient adjustments .
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The global hazardous location thermostats market is estimated to be worth USD 0.587 billion in 2016 and is projected to grow at a CAGR of 7.69 % during the forecast period to reach USD 0.850 billion by 2021 . The hazardous location thermostats market is broadly segmented on basis of types , class , divisions , hazardous zones , applications and geography . Based on their types , the hazardous location thermostats market has been segmented into line-voltage thermostats and low-voltage thermostats . Further , the different zones are zone 0 , zone 1 and zone 2 whereas , the classes are divided into class I , class II and class III . These different zones and classes identify the physical characteristics of the hazardous materials present , whereas the thermostats used here , are for temperature control of heaters or low-temperature alarms in enclosures that are used in explosion-hazardous areas such as in oil refineries , grain elevators , ammunition plants , hospital operating rooms , coalmines and other hazardous explosion-prone locations .
Some of the market players mentioned in the report are Pentair Ltd ., Johnson Controls , Inc ., R . Stahl , Inc ., Honeywell International , Inc ., Watlow Electric Manufacturing Company , Schneider Electric SA and Emerson Industrial Automation .
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Drivers : Rapid technological advancements , the increasing applications in the industrial sector and the growing safety measures are some of the major drivers stimulating the growth of this segment .
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