The various government safety standards have made the use of hazardous environment-friendly connectors compulsory in almost all the industrial sectors. As per these safety standards, the hazardous location connectors are manufactured explosion or flame-proof as well as corrosion resistant. These connectors provide protection to the industrial equipment as well as to the personnel, thereby preventing the occurrence of major accidents in the hazardous areas. Hence, being aware of all the parameters that can guide in choosing the right kind of hazardous location connectors is critically important to avoid the risk of explosion or fire due to the ignitable gases, dust or vapors.
The Middle East and Africa hazardous location connectors market is estimated to be worth USD 0.67 billion in 2016 and is projected to grow at a CAGR of 3.44% during the forecast period to reach USD 0.79 billion by 2021.
Interestingly, the Middle East and Africa hazardous location connectors market is broadly segmented on the basis of class, hazardous zones, applications, end-users and geography. On the basis of class, the hazardous location connectors market has been segmented into class I, class II, and class III. On the basis of hazardous zones, the market has been segmented into zone 0, zone 1 and zone 2. On the basis of applications, the market segments are oil refineries, petrochemical refineries, pulp & paper mills, food & beverage processing, oil & gas production, pharmaceutical manufacturing, wastewater treatment facilities and others.
Additionally, the hazardous location connectors market has been segmented by country as Qatar, Saudi Arabia, South Africa, United Arab Emirates and others. Some of the key market players mentioned in the report are American Connectors, Inc., Steck Connections, Thomas & Betts, Texcan, Hubbell-Killark, and more.
Drivers
The key factors contributing to the growth of the Middle East and Africa hazardous location connectors market are the rising industrial safety measures, increasing applications in the industrial sector and reducing costs and growing awareness among industry personnel.
Challenges
The complexity of standards and product installation and maintenance costs are the key challenges of the hazardous location connectors market.
What the report offers:
- Market definition for the Middle East and Africa hazardous location connectors market, along with identification of key drivers and restraints.
- Market analysis of the Middle East and Africa hazardous location connectors market, with region-specific assessments.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market for the Middle East and Africa on the regional scale.
- 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 Middle East and Africa hazardous location connectors market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
