Global Hazardous Location Motor Starters Market 2021 is expected to register a CAGR of 5.2%, during forecast period with Impact of Covid 19 Analysis

Hazardous

Global “Hazardous Location Motor Starters Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Hazardous Location Motor Starters in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Hazardous Location Motor Starters Market report categorizes the market based on manufacturers, regions, type, and application. Hazardous Location Motor Starters Market reports offer a detailed assessment of the Hazardous Location Motor Starters including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Hazardous Location Motor Starters market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global hazardous location motor starters market is expected to register a CAGR of 5.2%, during the forecast period (2018-2023). The scope of the report is limited to solutions offered by major players, including providers of low-voltage motor starter, high-voltage motor starter, manual motor starter, and magnetic motor starter. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Hazardous location motor starters are explosion-proof devices and are placed in a rigid metallic duct system. They are used in locations such as coal preparation plants, oil refineries, and chemical storages. They are used for across-the-line motor starting, motor disconnecting, motor and line protection, and start-stop operations.

Technological advancements in the industry have led to growth in the manufacturing of explosion-proof motor starters. With increasing safety concerns in the industry, companies are investing in safety technologies to avoid accidents and to comply with the stringent rules and policies laid down by various governments. Moreover, hazardous locations are highly prone to accidents and the collateral damage of these accidents is very high. Thus, companies are focusing highly on safety.

Increasing Safety Measures to Drive Market Growth

The high ignition emission control norms have become even more stringent across all major countries, which has led to a rise in the demand for safety measures across hazardous locations. Rising temperatures at hazardous locations may lead to unforeseen challenges for industrial management. The explosion of motors may cause drastic operational losses and delays in workflows and may even prove fatal for workers in such locations. These incidences have led to the adoption of explosion-proof motor starters. The Chinese Government has recommended the use of low-voltage motors in all industrial hubs for improving safety measures. The National Development & Reform Commission (NDRC) of China will launch a crackdown on oil refineries that have not complied with rules and regulations laid down by the government. Moreover, most developing countries in Asia-Pacific, such as India, are undertaking policy-level initiatives for the use of explosion-proof motor starters and fiscal measures for funding requisite technological safety upgrades in motors.

Likewise, regulations in North American and European countries are becoming stricter, with the government focusing on safety in hazardous locations. With companies investing highly in safety solutions to avoid accidents and losses, the demand for safe motor starters will grow at an unprecedented rate.

Oil Refineries to Witness a Rise in the Demand for Hazardous Location Motor Starters

Growing dependency on oil products is triggering the growth of several oil refining plants in the world. For instance, Asia-Pacific has been seeing huge demand from the petroleum industry. India has one of the world’s largest refinery complexes in Jamnagar, owned by Reliance Industries, with the capacity to produce 1.24 million barrels of crude oil per day, thus, the need for safety and explosion-proof motors is increasing in the industry.

The United States recently became the world’s largest exporter of fuel, following the booming domestic production of oil and thus, oil exports in the United States are poised to witness record growth to meet the rising demand from overseas. The nation set a record in 2016 by sending a net 2.5 million barrels per day of petroleum products to foreign markets. Moreover, for the first time in 40 years, two major oil refineries are being planned for construction in the United States.

Recently, Iran proposed a plant with processing capacity of more than 100,000 barrels a day and pledged to provide crude oil to Indonesia.

The regions also constitute a wide range of other hazardous locations in industries such as mining, pulp and paper, grain elevators, and grain handling facilities. An explosion at an oil refinery in an industrial area of Bangkok sparked a massive fire, which prompted the government to close a 120,000 barrels a day capacitive refinery for at least 30 days. All these activities are likely to boost the hazardous location motor starters market in the petroleum refining industry.

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The global Hazardous Location Motor Starters market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Hazardous Location Motor Starters Market Report covers the Top Key-players in 2021:-

  • Eaton Corporation
  • Emerson Industrial Automation
  • WEG Industries
  • Rockwell Automation
  • R. Stahl
  • Inc.
  • Heatrex
  • Schneider Electric
  • Siemens
  • ABB Group
  • GE Industrial Solutions

Highlighted points of Hazardous Location Motor Starters Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Hazardous Location Motor Starters Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Hazardous Location Motor Starters? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Hazardous Location Motor Starters Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Hazardous Location Motor Starters Market? What Was Capacity, Production Value, Cost and PROFIT of Hazardous Location Motor Starters Market?
  • What Is Current Market Status of Hazardous Location Motor Starters Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Hazardous Location Motor Starters Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Hazardous Location Motor Starters Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Hazardous Location Motor Starters Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Hazardous Location Motor Starters Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Hazardous Location Motor Starters Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Hazardous Location Motor Starters Industry?

Key Developments in the Hazardous Location Motor Starters Market:

  • February 2018 – Allen-Bradley launched soft starter with internal bypass to gain greater operational control over motor starts and stops.
    July 2017 – ABB compl

    Reasons to Purchase the Report

  • Current and future hazardous location motor starters market analysis in the developed and emerging markets.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Growth of various hardware products such as explosion proof pumps and inverters
  • Regional analysis of the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Hazardous Location Motor Starters Market 2021 describes the Hazardous Location Motor Starters industry expansion game plan, the Hazardous Location Motor Starters industry knowledge supply, appendix, analysis findings, and the conclusion.

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