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Market Research Report

Hazardous Area Sensors

Published by Global Industry Analysts, Inc. Product code 909582
Published Content info 192 Pages
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Hazardous Area Sensors
Published: July 1, 2020 Content info: 192 Pages
Description

Global Hazardous Area Sensors Market to Reach $6.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Hazardous Area Sensors estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$6.4 Billion by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027. Power, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oil & Gas segment is readjusted to a revised 3.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 5.8% CAGR

The Hazardous Area Sensors market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 5.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Mining & Metal Segment to Record 2.7% CAGR

In the global Mining & Metal segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$540.3 Million in the year 2020 will reach a projected size of US$630.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$888.6 Million by the year 2027, while Latin America will expand at a 3.5% CAGR through the analysis period. We bring years of research experience to this 9th edition of our report. The 192-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • ABB Group
  • Eaton Corporation PLC
  • Endress+Hauser AG
  • Honeywell International, Inc.
  • Mettler-Toledo International, Inc.
  • NEO Monitors AS
  • SICK AG
  • Siemens AG
  • Yokogawa Electric Corporation
Table of Contents
Product Code: MCP16448

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Significance of Intrinsic Safety as a Protection Technique for Equipment in Hazardous AreasContinues to Grow
  • Hazardous Area Sensors: Focus of Industry Participants on Preventing Accidents in Hazardous Areas Drives Market Growth
  • Global Competitor Market Shares
  • Hazardous Area Sensors Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Strict Workplace Safety Regulations Translate into Growth Opportunities for Hazardous Area Sensor Market
  • Rising Significance of Position Sensors in Hazardous Areas
  • Sensor Safety Rating: A Critical Requirement in Hazardous Areas
  • Gas Sensors/Detectors for Effective Monitoring of Hazardous Areas
  • Explosion-Proof Hydrogen Sensor: Ensuring Safety of Electrical Equipment in Risk-Prone Areas
  • Methane Gas Sensor: Monitoring and Detecting Methane Gas in Air
  • Infrared Sensors Emerges As the Preferred Option for Detection of Methane Gas
  • High Significance of Hazardous Gas Detection Sensors in Coal Mines
  • Specifying Temperature Sensors to Appropriate Standards: Essential to Ensure Safety of Hazardous Areas
  • ISCTH Intrinsically Safe DC Current Sensors
  • Chemical Industry: High Risk Facilities with Exposure to Hazardous Gases Necessitate Hazardous Area Sensors
  • Stable Growth Outlook for Chemical Industry to Benefit Hazardous Area Sensors Market
  • Chemical Industry Growth Worldwide - Percentage Growth of Chemical Production Volume for the Years 2019 through 2023
  • Hazardous Operations and High Operating Costs of Oil & Gas Industry Implies Higher Focus on Safety, Drives Hazardous Area Sensors Market
  • Increasing Importance of Sensors for Hazardous Gas Detection in Oil & Gas and Petrochemical Industries
  • Sensors Find Use in Detection of Hydrogen Sulphide in Oil & Gas Exploration & Production Operations
  • Increase in Oil & Gas Industry Activity Raises Demand for Safety of Facilities, Driving Demand for Hazardous Area Sensors
  • Growing Investments in Oil & Gas Exploration: Capital Expenditure in US$ Million for the Years 2019, 2021, 2023, 2025
  • Operational Risks of Electric Power Industry Translate into Growth for Hazardous Area Sensors
  • Concerns over Growing Hazards at Coal-Fired Power Plants Drives Demand for Sensors
  • Gas Detection Sensors Vital for Detection of Hazardous Gases in Power Plants
  • Hazardous Gas Detection Based on IoT in Power Plants
  • Despite Collapse of Coal-Fired Power Generation Globally in Recent Years, Emergence of New Capacities in China and India Sustain Growth
  • Global Coal-Fired Power Generation Capacity in GW for the Years 2018, 2020, 2022 and 2024
  • CO2 Sensors: Providing Safety to High Risk Nuclear Power Applications
  • A Long List of Accidents at Nuclear Power Plants Raises Importance of Hazardous Area Sensors
  • IoT Sensors Emerge to Play a Critical Part in Ensuring Safety in Industrial Environments
  • Siemens Develops New Detection Technology for Protecting Pumps against Dry Running in Hazardous Areas
  • PRODUCT OVERVIEW
    • What is a Hazardous Area?
    • Classification of Hazardous Areas
    • Protection Techniques & Methods Used to Reduce Incidents in Hazardous Locations
    • Hazardous Area Sensors
    • Specifics to Consider for Sensors in Hazardous Environments

4. GLOBAL MARKET PERSPECTIVE

    • TABLE 1: Hazardous Area Sensors Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 2: Hazardous Area Sensors Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
    • TABLE 3: Hazardous Area Sensors Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
    • TABLE 4: Power (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
    • TABLE 5: Power (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
    • TABLE 6: Power (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 7: Oil & Gas (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
    • TABLE 8: Oil & Gas (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
    • TABLE 9: Oil & Gas (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
    • TABLE 10: Mining & Metal (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 11: Mining & Metal (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
    • TABLE 12: Mining & Metal (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 13: Healthcare (End-Use) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
    • TABLE 14: Healthcare (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
    • TABLE 15: Healthcare (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 16: Chemical (End-Use) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 17: Chemical (End-Use) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
    • TABLE 18: Chemical (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 19: Other End-Uses (End-Use) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
    • TABLE 20: Other End-Uses (End-Use) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
    • TABLE 21: Other End-Uses (End-Use) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • US Hazardous Area Sensors Market Share (in %) by Company: 2019 & 2025
    • Market Analytics
    • TABLE 22: United States Hazardous Area Sensors Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
    • TABLE 23: Hazardous Area Sensors Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
    • TABLE 24: Hazardous Area Sensors Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
  • CANADA
    • TABLE 25: Canadian Hazardous Area Sensors Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
    • TABLE 26: Hazardous Area Sensors Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
    • TABLE 27: Canadian Hazardous Area Sensors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • JAPAN
    • TABLE 28: Japanese Demand Estimates and Forecasts for Hazardous Area Sensors in US$ Million by End-Use: 2020 to 2027
    • TABLE 29: Japanese Hazardous Area Sensors Market in US$ Million by End-Use: 2012-2019
    • TABLE 30: Hazardous Area Sensors Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
  • CHINA
    • TABLE 31: Chinese Demand for Hazardous Area Sensors in US$ Million by End-Use: 2020 to 2027
    • TABLE 32: Hazardous Area Sensors Market Review in China in US$ Million by End-Use: 2012-2019
    • TABLE 33: Chinese Hazardous Area Sensors Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
  • EUROPE
    • Market Facts & Figures
    • European Hazardous Area Sensors Market: Competitor Market Share Scenario (in %) for 2019 & 2025
    • Market Analytics
    • TABLE 34: European Hazardous Area Sensors Market Demand Scenario in US$ Million by Region/Country: 2020-2027
    • TABLE 35: Hazardous Area Sensors Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
    • TABLE 36: European Hazardous Area Sensors Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 37: European Hazardous Area Sensors Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
    • TABLE 38: Hazardous Area Sensors Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
    • TABLE 39: European Hazardous Area Sensors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • FRANCE
    • TABLE 40: Hazardous Area Sensors Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
    • TABLE 41: French Hazardous Area Sensors Historic Market Review in US$ Million by End-Use: 2012-2019
    • TABLE 42: French Hazardous Area Sensors Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
  • GERMANY
    • TABLE 43: Hazardous Area Sensors Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
    • TABLE 44: German Hazardous Area Sensors Market in Retrospect in US$ Million by End-Use: 2012-2019
    • TABLE 45: Hazardous Area Sensors Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
  • ITALY
    • TABLE 46: Italian Demand for Hazardous Area Sensors in US$ Million by End-Use: 2020 to 2027
    • TABLE 47: Hazardous Area Sensors Market Review in Italy in US$ Million by End-Use: 2012-2019
    • TABLE 48: Italian Hazardous Area Sensors Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
  • UNITED KINGDOM
    • TABLE 49: United Kingdom Demand Estimates and Forecasts for Hazardous Area Sensors in US$ Million by End-Use: 2020 to 2027
    • TABLE 50: United Kingdom Hazardous Area Sensors Market in US$ Million by End-Use: 2012-2019
    • TABLE 51: Hazardous Area Sensors Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
  • SPAIN
    • TABLE 52: Spanish Hazardous Area Sensors Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
    • TABLE 53: Hazardous Area Sensors Market in Spain: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
    • TABLE 54: Spanish Hazardous Area Sensors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • RUSSIA
    • TABLE 55: Russian Hazardous Area Sensors Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
    • TABLE 56: Hazardous Area Sensors Historic Demand Patterns in Russia by End-Use in US$ Million for 2012-2019
    • TABLE 57: Hazardous Area Sensors Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027
  • REST OF EUROPE
    • TABLE 58: Rest of Europe Hazardous Area Sensors Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
    • TABLE 59: Hazardous Area Sensors Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
    • TABLE 60: Rest of Europe Hazardous Area Sensors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • ASIA-PACIFIC
    • TABLE 61: Asia-Pacific Hazardous Area Sensors Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 62: Hazardous Area Sensors Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
    • TABLE 63: Asia-Pacific Hazardous Area Sensors Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 64: Hazardous Area Sensors Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
    • TABLE 65: Asia-Pacific Hazardous Area Sensors Historic Market Review in US$ Million by End-Use: 2012-2019
    • TABLE 66: Asia-Pacific Hazardous Area Sensors Market Share Analysis: A 17-Year Perspectiveby End-Use for 2012, 2020, and 2027
  • AUSTRALIA
    • TABLE 67: Hazardous Area Sensors Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
    • TABLE 68: Australian Hazardous Area Sensors Market in Retrospect in US$ Million by End-Use: 2012-2019
    • TABLE 69: Hazardous Area Sensors Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027
  • INDIA
    • TABLE 70: Indian Hazardous Area Sensors Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
    • TABLE 71: Hazardous Area Sensors Market in India: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
    • TABLE 72: Indian Hazardous Area Sensors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • SOUTH KOREA
    • TABLE 73: Hazardous Area Sensors Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
    • TABLE 74: South Korean Hazardous Area Sensors Historic Market Analysis in US$ Million by End-Use: 2012-2019
    • TABLE 75: Hazardous Area Sensors Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027
  • REST OF ASIA-PACIFIC
    • TABLE 76: Rest of Asia-Pacific Demand Estimates and Forecasts for Hazardous Area Sensors in US$ Million by End-Use: 2020 to 2027
    • TABLE 77: Rest of Asia-Pacific Hazardous Area Sensors Market in US$ Million by End-Use: 2012-2019
    • TABLE 78: Hazardous Area Sensors Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027
  • LATIN AMERICA
    • TABLE 79: Latin American Hazardous Area Sensors Market Trends by Region/Country in US$ Million: 2020-2027
    • TABLE 80: Hazardous Area Sensors Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
    • TABLE 81: Latin American Hazardous Area Sensors Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
    • TABLE 82: Latin American Demand for Hazardous Area Sensors in US$ Million by End-Use: 2020 to 2027
    • TABLE 83: Hazardous Area Sensors Market Review in Latin America in US$ Million by End-Use: 2012-2019
    • TABLE 84: Latin American Hazardous Area Sensors Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
  • ARGENTINA
    • TABLE 85: Argentinean Hazardous Area Sensors Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
    • TABLE 86: Hazardous Area Sensors Market in Argentina: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
    • TABLE 87: Argentinean Hazardous Area Sensors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • BRAZIL
    • TABLE 88: Hazardous Area Sensors Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027
    • TABLE 89: Brazilian Hazardous Area Sensors Historic Market Review in US$ Million by End-Use: 2012-2019
    • TABLE 90: Brazilian Hazardous Area Sensors Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
  • MEXICO
    • TABLE 91: Hazardous Area Sensors Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
    • TABLE 92: Mexican Hazardous Area Sensors Market in Retrospect in US$ Million by End-Use: 2012-2019
    • TABLE 93: Hazardous Area Sensors Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027
  • REST OF LATIN AMERICA
    • TABLE 94: Rest of Latin America Hazardous Area Sensors Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
    • TABLE 95: Hazardous Area Sensors Historic Demand Patterns in Rest of Latin America by End-Use in US$ Million for 2012-2019
    • TABLE 96: Hazardous Area Sensors Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027
  • MIDDLE EAST
    • TABLE 97: The Middle East Hazardous Area Sensors Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 98: Hazardous Area Sensors Market in the Middle East by Region/Country in US$ Million: 2012-2019
    • TABLE 99: The Middle East Hazardous Area Sensors Market Share Breakdown by Region/Country: 2012, 2020, and 2027
    • TABLE 100: The Middle East Hazardous Area Sensors Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
    • TABLE 101: Hazardous Area Sensors Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
    • TABLE 102: The Middle East Hazardous Area Sensors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • IRAN
    • TABLE 103: Iranian Demand Estimates and Forecasts for Hazardous Area Sensors in US$ Million by End-Use: 2020 to 2027
    • TABLE 104: Iranian Hazardous Area Sensors Market in US$ Million by End-Use: 2012-2019
    • TABLE 105: Hazardous Area Sensors Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027
  • ISRAEL
    • TABLE 106: Israeli Hazardous Area Sensors Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
    • TABLE 107: Hazardous Area Sensors Market in Israel: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
    • TABLE 108: Israeli Hazardous Area Sensors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • SAUDI ARABIA
    • TABLE 109: Saudi Arabian Demand for Hazardous Area Sensors in US$ Million by End-Use: 2020 to 2027
    • TABLE 110: Hazardous Area Sensors Market Review in Saudi Arabia in US$ Million by End-Use: 2012-2019
    • TABLE 111: Saudi Arabian Hazardous Area Sensors Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
  • UNITED ARAB EMIRATES
    • TABLE 112: Hazardous Area Sensors Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
    • TABLE 113: United Arab Emirates Hazardous Area Sensors Historic Market Analysis in US$ Million by End-Use: 2012-2019
    • TABLE 114: Hazardous Area Sensors Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027
  • REST OF MIDDLE EAST
    • TABLE 115: Hazardous Area Sensors Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
    • TABLE 116: Rest of Middle East Hazardous Area Sensors Market in Retrospect in US$ Million by End-Use: 2012-2019
    • TABLE 117: Hazardous Area Sensors Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027
  • AFRICA
    • TABLE 118: African Hazardous Area Sensors Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
    • TABLE 119: Hazardous Area Sensors Historic Demand Patterns in Africa by End-Use in US$ Million for 2012-2019
    • TABLE 120: Hazardous Area Sensors Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 42
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