Global Hazardous Location Motor Starters Market Size By Enclosure Type, By Application, By End-use Industry, By Geographic Scope And Forecast

Global Hazardous Location Motor Starters Market Size By Enclosure Type, By Application, By End-use Industry, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Free Sample Ask for Discount Request Customization

Hazardous Location Motor Starters Market Size And Forecast

Hazardous Location Motor Starters Market size was valued at USD 1.7 Billion in 2023 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 12.4% during the forecast period 2024-2030.

 

Global Hazardous Location Motor Starters Market Drivers

The market drivers for the Hazardous Location Motor Starters Market can be influenced by various factors. These may include

  • Strict Safety Guidelines Hazardous Location Motor Starters are essential parts for settings that might contain explosive atmospheres. In order to guarantee the safety of operations in hazardous regions, regulatory organisations enforce strict safety norms and standards, which in turn fuel the demand for compliant motor starters.
  • Growing Industrialization The industry’s expansion, particularly in areas like mining, petrochemicals, and oil and gas, raises the need for hazardous site motor starters. For the safe commencement and operation of motors in a variety of industrial operations, these starters are indispensable.
  • Increasing Attention to Workplace Safety Across all industries, workplace safety is becoming more and more important. In order to improve overall safety in areas where flammable gases, vapours, or dust may be present, Hazardous Location Motor Starters are essential for preventing electrical risks.
  • Extension of Exploration for Oil and Gas The demand for hazardous site motor starters is driven by the growth of oil and gas exploration activities, especially in offshore and onshore facilities. These starters guarantee the dependable and secure running of motors in crucial processes because they are made to function in harsh situations.
  • Technological Progress Continuous technical developments lead to better safety features, dependability, and efficiency in motor starter designs. The popularity of Hazardous Location Motor Starters is fueled by the integration of sophisticated technology, which improves their overall performance across a range of sectors.
  • Growing the Development of Infrastructure Hazardous location motor starting demand is influenced by infrastructure development projects in manufacturing facilities, electricity generation facilities, and chemical processing plants. In these kinds of infrastructures, these starters are vital for managing motors in crucial applications.
  • Industry Globalisation Global industry expansion is driving up demand for motor starters that are compatible and standardised. Motor starters intended for hazardous regions are essential for guaranteeing the secure functioning of motors in a variety of geographical locations and environmental circumstances.
  • Needs for Energy Efficiency Motor starters that meet energy efficiency criteria are becoming more and more popular as people become more conscious of sustainability and energy efficiency issues. Energy-efficient motor starters for hazardous locations play a role in lowering the overall energy usage of industrial processes.
  • Emphasis on Automation and Industry 4.0 The need for advanced motor control solutions—including hazardous location motor starters—that can be incorporated into smart and connected systems is rising as a result of the trend towards Industry 4.0 and growing automation in industrial operations.

Global Hazardous Location Motor Starters Market Restraints

Several factors can act as restraints or challenges for the Hazardous Location Motor Starters Market. These may include

  • Exorbitant starting costs Hazardous Location Motor Starters can be more expensive than their non-hazardous counterparts, particularly if they are intended for usage in explosive environments. Some end users could find this cost aspect difficult, especially in sectors where money is tight.
  • Complicatedness of Compliance Ensuring adherence to different safety regulations and standards can be difficult. It may be difficult for manufacturers and end users to understand and abide by the many and strict regulations established by various regulatory authorities.
  • Restricted Standardisation There may be difficulties with product standardisation if there are no consistent worldwide standards for motor starters used in hazardous locations. This lack of standardisation could make integration difficult across different geographic locations and confuse end users.
  • Technological Obstacles Hazardous Location Motor Starters that include advanced technology may present difficulties for some businesses that lack the infrastructure or experience to use and maintain these technologies. One potential obstacle to the general adoption of sophisticated features could be their complexity.
  • Difficulties with Upkeep and Replacement Equipment replacement and maintenance in hazardous areas can be difficult because of access restrictions, shutdown requirements, and safety regulations. This may have an impact on the general uptime and functionality of systems that use motor starters for hazardous locations.
  • Insufficient Knowledge of the Product It’s possible that some end users are unaware of all the features and advantages of hazardous location motor starters. A lower adoption rate may result from enterprises not realising how crucial these specialised starters are to compliance and safety.
  • Economic Recessions Capital expenditures may be impacted by economic downturns and uncertainties, which may cause purchases of new equipment—including motor starters for hazardous locations—to be postponed or lowered.
  • Supply Chain Interruptions Events like the COVID-19 pandemic have demonstrated how disruptions in the worldwide supply chain can impact the availability of parts and materials required for the production of hazardous site motor starters, resulting in delays and higher prices.
  • Regulatory Adjustments Keeping up with compliance requirements can be difficult for producers and end users when safety laws and standards change often. This ever-changing regulatory environment could lead to complications and uncertainty.
  • Dynamics of Competitive MarketsCompetitive pressures may arise from the market’s abundance of producers and suppliers. The hazardous site motor starters market may face pricing difficulties and reduced profit margins due to intense competition.

Global Hazardous Location Motor Starters Market Segmentation Analysis

The Global Hazardous Location Motor Starters Market is Segmented on the basis of Enclosure Type, Application, End-use Industry, and Geography.

Hazardous Location Motor Starters Market, By Enclosure Type

  • NEMA Type The National Electrical Manufacturers Association classification for enclosures (e.g., NEMA 7 for hazardous locations).
  • ATEX Certified European standard for equipment used in potentially explosive atmospheres.

Hazardous Location Motor Starters Market, By Application

  • Pumps and MotorsMotor starters designed for pump and motor applications in hazardous areas.
  • Compressors Starters for compressors used in hazardous environments.
  • Conveyors Motor starters suitable for conveyor systems in hazardous locations.

Hazardous Location Motor Starters Market, By End-use Industry

  • Oil & Gas Industry Including refineries, drilling sites, and petrochemical plants.
  • Chemical Industry Manufacturing facilities dealing with hazardous chemicals.
  • Mining Industry Underground and surface mining operations.

Hazardous Location Motor Starters Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Hazardous Location Motor Starters Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Hazardous Location Motor Starters Market are

  • Eaton Corporation
  • Siemens AG
  • ABB Ltd.
  • Rockwell Automation
  • WEG Electric Corp.
  • Rittal GmbH & Co. KG
  • Phoenix Contact GmbH & Co. KG
  • Pepperl+Fuchs GmbH

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Eaton Corporation, Siemens AG, ABB Ltd., Rockwell Automation, WEG Electric Corp., Phoenix Contact GmbH & Co. KG, Pepperl+Fuchs GmbH, Rittal GmbH & Co. KG.

SEGMENTS COVERED

By Enclosure Type, By Application, By End-use Industry, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig into the market with both qualitative and quantitative analysis, breaking it down into segments based on all sorts of things, not just money. You'll get the market value (in USD Billion) for every segment and sub-segment. We'll point out which region and segment is likely to grow the fastest and be the biggest. Plus, we'll analyze each region, looking at how much of the product/service they use and what's influencing their market. We'll also give you a competitive landscape, including market rankings of the big players, new launches, partnerships, expansions, and acquisitions from the last five years. Expect detailed company profiles with overviews, insights, product comparisons, and SWOT analysis for the major players. We cover both the current and future outlook, including growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. We'll give you an in-depth look at the market from different angles using Porter’s five forces analysis, insight into the market's Value Chain, a look at market dynamics, and potential growth opportunities down the road. Oh, and we also include 6 months of analyst support after the sale!

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.

Related Reports

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.

Discounts are available.

Hard Copy

Email