Global Hazardous Location Motor Starters MarketPosted by Mayuri Kathade. on February 20th, 2021 Global Hazardous Location Motor Starters Market has valued US$ XX Bn in 2019 and is estimated to reach US$ XX Bn by 2026 at a CAGR of XX%. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since, the lock down was implemented differently in various regions and countries; the impact of same is also seen differently by regions and segments. The report has covered the current short term and long term impact on the market, same will help the decision makers to prepare the outline for short term and long term strategies for companies by region. Global hazardous location motor starters are explosion-proof devices. They are placed in a rigid metallic duct system for the surface mounting adjacent to or remote from the equipment being controlled and used in hazardous locations similar to the places where concentrations of flammable gases, vapour, and dust occurs. Some of the factors driving the market are a presence of huge shell reserves, continuous increase in oil production, growing investments in onshore and offshore exploration, increasing energy demand & also increased consumption, continuous rise in drilling activities due to the recent discovery of shale gas. The major restraint faced by the market is related to the manufacturing of starters so that they can withstand the most unlikely of weather conditions and corrosive environments. Increasing temperatures at hazardous locations may lead to unforeseen challenges for industrial management. Oil refineries are dominating the hazardous location motor starters market. Increasing dependency on oil products is triggering the growth of several oil refining plants in the world. Such as, Asia-Pacific region has witnessed a huge demand from the petroleum industry. The oil refineries are typically large, sprawling industrial complexes with an extensive piping running all over, carrying streams of fluids between large chemical processing units, for instant distillation columns. Region-wise, the North America is anticipated to witness a healthy growth between 2018 and 2026. The North America is a major contributor to the hazardous location starters market owing to the highest drilling activity. The U.S dominates the hazardous location motor starters market in the North America. The key players operating in a global hazardous location motor starters market are, Durable Machinery Company, LLC., EIC Solutions, Inc., Friedrich Air Conditioning co., ltd., Johnson controls, Inc., Klinge Corporation, Kooltronic, Inc., Matticks Industries, Inc., NANCE International, Inc., Safe Air Technology. For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-hazardous-location-motor-starters-market/22398/
Global Hazardous Location Motor Starters Market, by Type • Manual Motor Starter • Coal Preparation Plants • North America • Durable Machinery Company This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Like it? Share it! More by this author |