The Latin America hazardous location motor starters market is estimated to be worth around USD 39 million in 2016 and is projected to grow at a CAGR of 4.61% during the forecast period, to reach USD 21 million by 2021.
Latin America Hazardous Location Motor Starters Market-Market Dynamics
The hazardous location motor starters are explosion-proof devices. They are placed in a rigid metallic duct system for the surface mounting adjacent to or remote from the equipment being controlled and used in hazardous locations like the places where concentrations of flammable gases, vapor, and dust occurs. They are used for across-the-line motor starting, motor disconnecting, motor and line protection, and start-stop operations, specially designed within the specified KW power output range and are available with or without an isolator to be used in different hazardous zones.
Drivers
Technological advancements, growing safety measures, and the propelling demand for instruments used for protection against the thermal overload are some of the major drivers stimulating the growth of this market.
Restraints
The major restraints faced by this segment are related to the manufacturing of starters so that they can withstand the most unlikely of weather conditions and corrosive environments.
The Latin America hazardous location motor starters market has been broadly segmented on the basis of types, class, divisions, hazardous zones, applications, and geographies. Based on their types, the market is segmented into low-voltage motor starter, full-voltage motor starter, manual motor starter, magnetic motor starter, and others. Further, as per the applications, the motor starter market is segmented into paint storage areas, coal preparation plants, sewage treatment plants, oil refineries, grain elevators, and others.
The motor starters are classified as zone 0, zone 20, zone 1, zone 21, zone 2 and zone 22; whereas, based on the physical characteristics of the hazardous material, the motor starters market can be segmented into class I, class II and class III.
Some of the market players mentioned in the report are:
- Eaton
- Emerson Industrial Automation
- Rockwell Automation
- R. Stahl, Inc.
- Schneider Electric
- WEG Industries
What the Report Offers:
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the Latin America hazardous location motor starters market on a regional scale.
- Market definition for the hazardous location motor starters market, along with identification of key drivers and restraints.
- Market analysis for the Latin America hazardous location motor starters market, with region-specific assessments.
- Identification of factors instrumental in changing the market scenario, giving prospective opportunities and identifying key companies that can influence the market on the regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
