PUBLISHER: The Business Research Company | PRODUCT CODE: 1664360
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664360
Hazardous area equipment refers to electrical equipment designed for use in environments with specified operational temperature limits, known as hazardous areas, where the risk of explosion exists. The installation of such equipment in these areas is essential to prevent explosions and ensure the safety of individuals.
The primary products within hazardous area equipment include cable glands and accessories, process instruments, industrial controls, motors, strobe beacons, and lighting. Cable glands and accessories serve as the wiring components for electrical, instrumentation, control, and automation systems, encompassing applications such as lighting, power, data, and telecommunications. Services associated with hazardous area equipment include both wired and wireless solutions, catering to various end-user industries such as oil and gas, chemical and pharmaceutical, food and beverages, energy and power, and mining.
The hazardous area equipment market research report is one of a series of new reports from The Business Research Company that provides hazardous area equipment market statistics, including hazardous area equipment industry global market size, regional shares, competitors with a hazardous area equipment market share, detailed hazardous area equipment market segments, market trends and opportunities, and any further data you may need to thrive in the hazardous area equipment industry. This hazardous area equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hazardous area equipment market size has grown strongly in recent years. It will grow from $9.57 billion in 2024 to $10.26 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrialization and manufacturing growth, stringent safety regulations, globalization and cross-border trade, energy exploration and extraction, increased focus on worker safety.
The hazardous area equipment market size is expected to see strong growth in the next few years. It will grow to $13.69 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to global shift towards renewable energy, demand for modular solutions, focus on cybersecurity in industrial systems, emergence of new hazardous substances, regulatory changes and compliance standards. Major trends in the forecast period include IoT integration, automation in hazardous areas, increased adoption of led lighting, customization of solutions, training and certification programs, development of intrinsically safe technologies.
The rising demand for industrial safety is anticipated to drive the growth of the hazardous area equipment market in the future. Industrial safety encompasses a range of safety procedures, guidelines, and regulations designed to protect the environment, workplace, and workers from hazards. It functions as a corrective action that is regularly evaluated and approved by safety experts to ensure a secure workplace and sustainable business operations. Hazardous area equipment is installed in risky locations to prevent explosions and safeguard personnel. Consequently, the increasing implementation of hazardous area equipment for industrial safety will boost demand in this market. For example, in December 2023, the Bureau of Labor Statistics, a US government agency, reported that fatal work injuries in the United States rose to 5,486 in 2022, representing a 5.7% increase from the 5,190 recorded in 2021. This trend indicates a worrying rise in industrial accidents. Therefore, the growing demand for industrial safety is propelling the hazardous area equipment market.
The escalating occurrence of workplace accidents is expected to enhance the growth of the hazardous area equipment market going forward. An increase in workplace accidents leads to heightened safety awareness, regulatory compliance, risk mitigation efforts, considerations regarding insurance and liability, corporate social responsibility initiatives, emphasis on employee welfare, and the need for efficient emergency response systems. Companies are investing in hazardous area equipment to address these concerns, ensuring a safe work environment, compliance with regulations, and overall protection for employees and operations. For instance, in July 2024, the British Safety Council, a registered charity based in England, reported that the 136 workplace fatalities recorded in 2022/23 represented an increase of 13 compared to the 123 deaths reported in 2021/22. Therefore, the rising incidence of workplace accidents is fueling the growth of the hazardous area equipment market.
Technological advancements have become a significant trend gaining traction in the hazardous area equipment market. Leading companies in this sector are focused on innovating new technologies to maintain their competitive edge. For example, in February 2022, i.safe MOBILE GmbH, a German manufacturer of mobile communication equipment for hazardous environments, introduced the IS-TC1A.1, an explosion-protected thermal imaging camera. This device is intended for predictive maintenance in hazardous settings. Utilizing Seek Thermal technology, the explosion-proof thermal imaging camera IS-TC1A.1 allows industrial users in risky areas to oversee industrial and maintenance processes and identify potential hazards before they escalate. Predictive maintenance aims to reduce energy costs, enhance process reliability, and avoid unplanned equipment downtime.
Key players in the hazardous area equipment market are concentrating on developing product innovations, such as compensated heat detectors, to improve safety and response times. Compensated heat detectors are fire detection devices engineered to adapt to changes in ambient temperature, ensuring precise activation during a fire incident. For instance, in October 2023, E2S Warning Signals, a UK-based manufacturing company, launched the H1 range of rate-compensated heat detectors. These detectors incorporate advanced rate-compensated technology, allowing for faster responses to fire conditions compared to traditional models. Designed for use in Zones 0, 1, 2, 21, and 22, the H1 range features robust enclosures made from marine-grade aluminum, stainless steel, and glass-reinforced polyester. With an IP66/67 rating for high ingress protection and customizable options like alarm LEDs and addressable modules, the H1 range enhances safety across various industrial applications.
In July 2024, KKR, a US-based private equity firm, acquired Marmic Fire & Safety for an undisclosed sum. This acquisition aims to enhance employee engagement through a broad-based ownership program and accelerate growth by expanding services and market presence in the fire safety sector. Marmic Fire & Safety, also headquartered in the US, specializes in fire protection solutions for hazardous areas.
Major companies operating in the hazardous area equipment market include PATLITE USA Corporation., Eaton Corporation PLC., Rockwell Automation Inc., Emerson Electric Co., Siemens AG., NHP Electric Engineering Products Pty Ltd., Honeywell International Inc., E2S Warning Signals LLC., ABB Ltd., Federal Signal Corporation., Potter Signal Co., R. STAHL AG., Tomar Electronics Inc., Mitsubishi Electric Corporation., Adalet Inc., Bartec Group., Cortem Group., Delvalle Box., Extronics Ltd., G M International Srl., Hawke International., Intertek Group PLC., J B Systems BVBA., Marechal Electric Group., Miretti Group., Pepperl+Fuchs GmbH., Phoenix Contact GmbH & Co KG., Raychem RPG., Redapt Ltd., S Tahl AG., Schneider Electric SE., Shenzhen Hengchangda Industry Co Ltd
North America was the largest region in the hazardous area equipment in 2024. The regions covered in the hazardous area equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the hazardous area equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hazardous area equipment market consists of sales of cable transits, duct seals, and cable terminations. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hazardous Area Equipment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hazardous area equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hazardous area equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hazardous area equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.