Market Trends of Europe Hazardous Location Motors Industry
This section covers the major market trends shaping the Europe Hazardous Location Motors Market according to our research experts:
Explosion Proof Motor in Coal Production is Expected to Hold a Major Market Share
- The increasing production of coal and the growing dependency on it for several purposes in the European region, like steel making, power production, etc., is triggering the growth of the market.
- For instance, according to International Energy Agency (IEA), Germany produced 101 metric tonnes of coal in 2020 and 103 metric tonnes of coal in 2021. Poland produced 96 metric tonnes and 98 metric tonnes of coal in 2020 and 2021, respectively.
- Spark-proof motors or explosion-proof motors, which are assigned a temperature code (T code), are increasingly being used in these areas.
- Flameproof motors, which are a part of explosion-proof motors, are intended for use in coal mines that are at risk of methane and coal dust explosions in areas (zones one and two) where explosive mixtures of combustible gases and liquid steam with air occurs, are also gaining traction.
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The Increasing demand for Oil and Gas to Drive the Market Growth
- Europe has been an important market for hazardous location motors as the region has a massive demand from its oil and gas industry. According to Baker Hughes, Europe had 104 oil and gas rigs as of October 2021, of which 32 were offshore rigs.
- According to Thomson Reuters, The Royal Dutch Shell plc (United Kingdom), a multinational oil and gas company, generated a revenue of USD 176.19 billion in 2021, followed by BP plc, which generated USD 136.2 billion in 2021.
- Further, according to BP, the oil consumption in Europe and CIS in 2020 was 16.93 million barrels per day.
- The class I hazardous location motors, which are designed to operate in environments containing combustible or ignitable gases, vapors, or dust, are gaining popularity. To avoid catastrophic external explosions, ignitions and explosions must be contained within the equipment's housing without igniting the surrounding air for motors to work safely in these environments. This sort of accident can be avoided by selecting the appropriate motor for the operating environment.
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