According to Stratistics MRC, the Global Hazardous Location Thermostats Market is accounted for $0.78 billion in 2020 and is expected to reach $1.65 billion by 2028 growing at a CAGR of 9.7% during the forecast period. Rapid technological innovation and the growing number of industries such as petrochemical plants, oil refineries, grain elevators, pulp & paper mills, and others are the major factors driving the market growth. However, high installation cost is restraining the market growth.
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Based on type, the line-voltage thermostats segment is estimated to have a lucrative growth, owing to its use for electric space heaters, including a direct-wired electric furnace, baseboard heater, or any other heater. By geography, Asia Pacific is going to have high growth during forecast period due to the technological advancements and reduction in the cost of the product in the region and acceptance of the thermostats in various industry verticals. There is huge potential for the vendors of thermostats for some of the major developing countries like China, India and Japan.
Some of the key players profiled in the Hazardous Location Thermostats Market include Pentair Ltd, Johnson Controls Inc, R. Stahl Inc, Honeywell International Inc, Emerson Industrial Automation, Watlow Electric Manufacturing Company, Tempco Electric Heater Corporation, Stego Elektrotechnik GmbH, SSHC Inc, Schneider Electric SA, Thermon, Indeeco, Supermec, STEGO and ABB Company.
Types Covered:
• Line-voltage Thermostats
• Low-voltage Thermostats
Class Covered:
• Class I
• Class II
• Class III
Hazardous Zones Covered:
• Zone 0
• Zone 1
• Zone 2
Applications Covered:
• Chemical Storage & Handling Facilities
• Coal Mines
• Coal Preparation Plants
• Grain Elevators
• Hospital Operating Rooms Clients
• Oil Gas & Mining
• Paint Storage Areas
• Petrochemical Facilities/Oil Rigs
• Pulp and Paper Mills
• Sewage
• Treatment Plants
Sales Channels Covered:
• Direct Marketing
• Indirect Marketing
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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