Safety is the prevention of danger!
We all have heard about hazardous materials, chemicals, paint, etc. But have you ever heard of hazardous area equipment? If not, then be at ease. In this blog, we are exploring all about the world of the hazardous area equipment market, its products, and who are its beneficiaries.
Hazardous Area And It’s Classification
Let us break down the subject into two and first study hazardous areas. Any location where there is a possibility of an explosion is considered to be a hazardous area. In any case, each dangerous region is unique, and each has explicit necessities relying upon the idea of the climate and the components that are available. Hazardous areas are classified as:
- Explosives
- Gases
- Flammable Liquids
- Flammable Solids or Substances
These are also classified into zones that cover similar aspects and its severity. To prevent such uncanny situation, hazardous equipements come to the rescue.
The market was valued at USD 11.03 billion in 2023 and is expected to grow at a CAGR 6.5% generating a revenue of USD 19.45 billion by 2032. With these numbers the hazardous area equipment market is all set to protect and prevent areas with their top-notch technologically advanced equipments. Some factors have influenced the market are:
- Development of advanced and efficient products
- Reliable, durable, and safer than traditional equipment
- Industries adopting the hazardous area equipment widely
- Designed junction boxes to withstand extreme temperatures and harsh environments
- Easy installation and maintenance, providing a safe and secure solution for connections
Widely Used Products In The Market
- Process Instruments
Process instruments are essential in hazardous areas for measuring and monitoring various parameters such as temperature, pressure, level, and flow. These instruments enable operators to maintain safe operating conditions and ensure process efficiency in challenging environments.
- Industrial Controls
Industrial controls are critical components in hazardous areas, providing operators with the means to monitor and control equipment and processes. These controls encompass a wide range of devices such as switches, push buttons, pilot lights, and control panels.
- Cable Glands & Accessories
Cable glands and accessories play a crucial role in hazardous areas by providing a secure and reliable connection between cables and equipment. These products are designed to prevent the ingress of hazardous substances such as dust, moisture, and gases, ensuring the safety and integrity of the electrical installation. This segment is anticipated to hold the highest hazardous area equipment market share in coming years.
- Motors
Motors used in hazardous areas are specially designed to operate safely in potentially explosive atmospheres. These motors are constructed with features such as robust enclosures, enhanced cooling systems, and sealed components to prevent the release of sparks or ignition sources. They are built to withstand hazardous substances, extreme temperatures, and demanding operating conditions.
- Strobe Beacons
Strobe beacons are visual signaling devices used in hazardous areas to provide a clear and highly visible warning signal. These devices emit bright and flashing light patterns to alert personnel to potential hazards or emergency situations. Strobe beacons are designed to withstand harsh environmental conditions, including exposure to dust, moisture, and explosive atmospheres.
- Others
The “Others” category in the hazardous area equipment market includes a wide range of products and solutions that are essential for maintaining safety and efficiency in hazardous environments. These may include explosion-proof enclosures, safety barriers, ventilation systems, emergency shutdown devices, and gas detection systems, among others.
Beneficiaries Of The Market
Many sectors make use of these equipemts that help the growth of the market. Oil & Gas are some of the most hazardous places as they are to be extracted and mined from the core. Thus this segment is also rich and garnered to the highest market share in 2022. Some other segments include:
- Oil & Gas
- Chemicals & Pharma
- Energy & Power
- Mining
Safegaurding The Lives
As the hazardous area equipment market continues to grow, it is crucial for businesses to understand and comply with the specific safety rules and regulations that apply to their operations. By investing in technologically advanced and reliable hazardous area equipment, organizations can protect their personnel, assets, and the surrounding environment from potential risks.