Market Share of Hazardous Area Equipment Industry
The hazardous area equipment market is quite competitive, with several well-established players competing for market share. Among the prominent companies in this industry are ABB Ltd, Eaton Corporation, Honeywell International Inc., Siemens AG, and Rockwell Automation Inc.
These companies possess a robust international influence and provide a diverse array of hazardous area equipment, including explosion-proof lighting, communication tools, control systems, and sensors. To uphold their standing within the market, these companies prioritize innovation, product advancement, and strategic partnerships.
In addition to these established players, there are several new entrants and startups emerging in the hazardous area equipment industry. These companies have the ambition to revolutionize the market with their innovative and advanced products, which bring enhanced safety and efficiency. Nevertheless, they encounter strong competition from well-established players who have already built a solid brand reputation and loyal customer base.
- May 2023 - ABB Ltd announced the opening of its USD 3 million Robert M. Thomas Innovation Center in Memphis, Tennessee, to accelerate the development of next-generation electrification solutions.
- August 2023 - Eaton Corporation PLC company announced to showcase its new industrial solutions for hazardous areas at Automation Expo 2023. It will introduce Ethernet over Coax (EoC) CCTV solution, nHLL linear LED fixture used in Zone 2 and 21 and 22 hazardous areas, and Smart Universal Marshalling (MTL SUM5) for industries such as oil & gas, chemical processing, and wastewater treatment.
Hazardous Area Equipment Market Leaders
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ABB Ltd
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Eaton Corporation PLC
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Siemens AG
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Rockwell Automation Inc.
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Phoenix Mecano
*Disclaimer: Major Players sorted in no particular order
