Market Size of Europe Hazardous Location Motors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Hazardous Location Motors Market Analysis
The Europe Hazardous Location Motors Market is expected to register a CAGR of 5.1% during the forecast period (2021-2026). The rapid industrialization and strict rules & regulations regarding hazardous areas and safety in the workplace, defined in ATEX directives in the European Union, have rendered significant impetus to the hazardous location motors market in the European region.
- Increasing numbers of accidents in processing industries highlight the importance of advanced hazardous location motors. Safety problems associated with the design and use of electrical equipment in hazardous areas have led authorities to impose strict rules. It has also elicited awareness of safe-equipment design.
- Cocoa powder is widely used in the chocolate industry by confectionaries and bakeries, and flour mills. These sectors are more prone to dust explosion in the food processing industry. The grinding process of the cocoa comes under strict regulations in the European region, due to which the penetration of the explosion-proof motor is high among the food manufacturers. The increasing cocoa production in Europe is aiding the growth of the studied market.
- For instance, the German Confectionery Association Members (BDSI) reported cocoa grindings of 1,08,615 tonnes in Germany in the second quarter of 2021, representing a 16.35% increase over the same quarter the previous year. Grindings increased by 5.1% in the first quarter of 2019.
- However, designing and manufacturing motors that completely engulf an internal explosion without rupturing or passing out any hot gases from the enclosure so that they are forced to exit through a long, narrow opening known as flame paths are the two major challenges faced by hazardous location motors market.
- Further, the Covid-19 pandemic has also posed several challenges to the studied market, like disruption in the supply chain and increased prices of raw materials.
