The hazardous location motor starters market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rising adoption of superior motor starter technologies, rapid development in petrochemical industry, and increasing need for safety instruments in refinery.
Motor starters are used to protect the motor from overloads & overheating and to start it on time. The magnetic combination starters are used in hazardous location such as where there is ignitable vapors, dusts and gases. For starting and stopping motor safely the electromagnetically operated switch is present in magnetic motor starters.
The Covid-19 pandemic affected the demand and supply of hazardous location motor starters market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for thermal overload protection instruments is projected to boost the market in the coming years.
- Rapid development in automation and robotic industry are major factor fueling the market during the forecast period.
- High cost of motor starters is anticipated to hamper market growth.
- Lack of awareness about motor starters is projected to hamper the market growth in the coming years.
- R&D investment and technological advancement in hazardous location motor starters is projected to create lucrative opportunities for the market players.
Scope of Hazardous Location Motor Starters Market Report
The report on the hazardous location motor starters market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Hazardous Location Motor Starters Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018-2019
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Forecast Period
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2021-2028
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Segmentation
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Type of Motor Starter (Magnetic Motor Starter, Full Voltage, Low Voltage, and Manual Motor Starter), Application (Oil Rigs & Petrochemical Facilities, Handling Facilities & Chemical Storage, Sewage Treatment Plants, Grain Elevators, Paint Storage Areas, Oil Refineries, Coal Preparation Plants, and Others), Class (Class I, Class II, and Class III), Zone (Zone 22, Zone 0, Zone 2, Zone 1, and Zone 21), and Divisions (Division 1 and Division 2)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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GE Industrial Solutions; Siemens; Heatrex Inc.; Rockwell Automation; Emerson Industrial Automation; Eaton Corp.; WEG Industries; ABB Group; Schneider Electronics; and R. Stahl Inc.
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Hazardous Location Motor Starters Market Segment Insights
The coal preparation plants segment accounts for a key share of the market
Based on applications, the hazardous location motor starters market is divided into oil rigs & petrochemical facilities, handling facilities & chemical storage, sewage treatment plants, grain elevators, paint storage areas, oil refineries, coal preparation plants, and others. The coal preparation plants segment accounts for a key share of the market. Growth of the market is attributed to increasing per capita income and rising investment by private sector. However, the oil rigs & petrochemical facilities are anticipated to expand at a rapid pace during the forecast period due to rising discoveries of new gas & oil reserves and rapid urbanization.
The manual motor starter segment is anticipated to hold significant market share during the forecast period
On the basis of type of motor starter, the market is fragmented into magnetic motor starter, full voltage, low voltage, and manual motor starter. The manual motor starter segment is anticipated to hold a significant market share during the forecast period. Growth of the market is attributed to rapidly growing economy and increasing number of exploration activities. However, the magnetic motor starter segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising population and increasing purchasing power of individuals.
The class III segment accounts for major share of the market
Based on class, the hazardous location motor starters market is categorized into class I, class II, and class III. The class III segment accounts for major share of the market. Growth of the market is attributed to technological advancement in hazardous location motor sector. The class I segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising need for brushless explosion proof motors.
The zone 22 segment is projected to hold a key market share during the forecast period
On the basis of zone, the market is divided into zone 22, zone 0, zone 2, zone 1, and zone 21. The zone 22 segment is projected to hold the key market share during the forecast period. Growth of the market is attributed to growing demand for coal production. However, the zone 2 segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing number of drilling activities.
The division 1 segment accounts for a key share of the market
Based on divisions, the hazardous location motor starters market is bifurcated into division 1 and division 2. The division 1 segment accounts for a key share of the market. Growth of the market is attributed to presence of major market players and increasing research & development activities in motor sector. The division 2 segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising need for safety in oil refinery.
North America is estimated to hold major market share
On the basis of region, the hazardous location motor starters market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at a high CAGR during the forecast period due to increasing technological innovation in grain elevators and increasing investment by private sector. The market of North America is expected to hold major market share due to rapid development in aviation industry and rising adoption of superior technologies.
Segments
The hazardous location motor starters market has been segmented on the basis of
Types of Motor Starter
- Magnetic Motor Starter
- Full Voltage
- Low Voltage
- Manual Motor Starter
Applications
- Oil Rigs & Petrochemical Facilities
- Handling Facilities & Chemical Storage
- Sewage Treatment Plants
- Grain Elevators
- Paint Storage Areas
- Oil Refineries
- Coal Preparation Plants
- Others
Class
- Class I
- Class II
- Class III
Zone
- Zone 22
- Zone 0
- Zone 2
- Zone 1
- Zone 21
Divisions
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- GE Industrial Solutions
- Siemens
- Heatrex Inc.
- Rockwell Automation
- Emerson Industrial Automation
- Eaton Corp.
- WEG Industries
- ABB Group
- Schneider Electronics
- R. Stahl Inc.
Competitive Landscape
Key players competing in the hazardous location motor starters market include GE Industrial Solutions; Siemens; Heatrex Inc.; Rockwell Automation; Emerson Industrial Automation; Eaton Corp.; WEG Industries; ABB Group; Schneider Electronics; and R. Stahl Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and rise their production line of the business in the coming years.
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