Being the world's major hub for oil and gas sector, the region has a huge potential for these solutions. Although, regional conflicts may undermine the growth, the presence of the some of the world's biggest firm in the sector will drive the investment towards these solutions.
The Middle East and Africa hazardous location thermostats market is estimated to be worth USD 0.037 billion in 2016 and is projected to grow at a CAGR of 5.87% during the forecast period to reach USD 0.049 billion by 2021.Rapid technological innovation and growing number of industries have been a powerful impact for the hazardous location thermostats market in the region. From petrochemical plants to oil refineries and from grain elevators to pulp and paper mills, all these industries have led to a robust demand for hazardous location thermostats market.
Hazardous location thermostats are specially designed for hazardous location temperature control i.e. it controls the heating, cooling, or ventilation systems with an adjustable knob for easy and convenient set point adjustments. Thermostats are the devices/components of a control system, which senses and maintains a system at a constant temperature by switching the devices on or off as per the need. It serves as a control unit for heating or cooling the system or a component part of a heater or air conditioners.
There are different types of thermostats used in different hazardous locations having different zones and classes. The different zones are zone 0, zone 1 and zone 2, whereas, the classes are divided into class I, class II and class III. These different zones and classes, identify the physical characteristics of the hazardous materials present. Moreover, these thermostats are used for temperature control of heaters or low-temperature alarms in enclosures. They are used in explosion-prone areas like oil refineries, grain elevators, munitions plants, hospital operating rooms, coalmines and other hazardous locations.
The hazardous location thermostats market is primarily classified based on their types, class, divisions, hazardous zones, applications and geography. Based on the segmentation of types, the hazardous location thermostats market is divided into line-voltage thermostats and low-voltage thermostats. The countries segmented for hazardous location thermostats market are Qatar, South Africa, United Arab Emirates, South Africa and others.
Some of the market players mentioned in the report are Pentair Ltd., Johnson Controls, Inc., R. Stahl, Inc., Honeywell International, Inc., Watlow Electric Manufacturing Company, Schneider Electric SA and Emerson Industrial Automation.
The rapid technological advancements, the increasing number of applications in the industrial sector and the growing safety measures are some of the major drivers stimulating the growth of this market.
The cost of installations is one of the major challenges faced by hazardous location thermostats market.
What the report offers
- Market definition for the Middle East and Africa hazardous location thermostats market, along with identification of key drivers and restraints.
- Market analysis for the Middle East and Africa hazardous location thermostats market, with region-specific assessments.
- Identification of factors instrumental in changing the market scenario, offering prospective opportunities and the identification of key companies that can influence the Middle East and Africa market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the Middle East and Africa hazardous location thermostats market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Report Description
1.2 Markets Covered
1.3 Research Methodology
2. Executive Summary
3. Key Findings of the Study
3.1 Market Overview
3.1.1 Market Definition
3.1.2 Market Segmentation
4. Market Dynamics
4.1.1 Middle East and Africa Hazardous Location Thermostats Market Overview
4.2.1 Rapid Technological Developments
4.2.2 Increasing Applications in the Industrial Sector and Reducing Costs
4.2.3 Growing Safety Measures
4.3.1 Regulations & Compliance
4.3.2 High Cost of Installation
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
5. Technology Snapshot
6. Hazardous Location Thermostats Market Analysis & Forecasts
6.1 Middle East and Africa Market - Segmented By Types
6.1.1 Line-voltage thermostats
6.1.2 Low-voltage thermostats
6.2 Middle East and Africa Market - Segmented By Class
6.2.1 Class I
6.2.2 Class II
6.2.3 Class III
6.3 Middle East and Africa Market - Segmented By Division
6.3.1 Division 1
6.3.2 Division 2
6.4 Middle East and Africa Market - Segmented By Hazardous Zones
6.4.1 Zone 0
6.4.2 Zone 1
6.4.3 Zone 2
6.5 Middle East and Africa Market - Segmented By Applications
6.5.1 Oil refineries
6.5.2 Petrochemical plants
6.5.3 Pulp and paper millers
6.5.4 Coal mines
6.5.5 Grain elevators
6.6 Middle East and Africa Market – Segmented By Country
6.6.1 Saudi Arabia
6.6.3 United Arab Emirates
6.6.4 South Africa
7. Competitive Intelligence - Company Profiles
7.1 Pentair Ltd.
7.1.2 Products and Services
7.1.4 Recent Developments
7.2 Johnson Controls, Inc.
7.2.2 Products and Services
7.2.4 Recent Developments
7.3 R. Stahl, Inc.
7.3.2 Products and Services
7.3.4 Recent Developments
7.4 Honeywell International, Inc.
7.4.2 Products and Services
7.4.4 Recent Developments
7.5 Emerson Industrial Automation
7.5.2 Products and Services
7.5.4 Recent Developments
7.6 Watlow Electric Manufacturing Company
7.6.2 Products and Services
7.6.4 Recent Developments
7.7 Tempco Electric Heater Corporation
7.7.2 Products and Services
7.7.4 Recent Developments
7.8 Stego Elektrotechnik GmbH
7.8.2 Products and Services
7.8.4 Recent Developments
7.9 SSHC, Inc.
7.9.2 Products and Services
7.9.4 Recent Developments
7.10 Emerson Climate Technologies, Inc.
7.10.2 Products and Services
7.10.4 Recent Developments
7.11 ABB Ltd.
7.11.2 Products and Services
7.11.4 Recent Developments
7.12 Schneider Electric SA
7.12.2 Products and Services
7.12.4 Recent Developments
7.13.2 Products and Services
7.13.4 Recent Developments
7.14.2 Products and Services
7.14.4 Recent Developments
7.15.2 Products and Services
7.15.4 Recent Developments
8. Investment Analysis
8.1 Recent Mergers and Acquisitions
8.2 Investment Outlook
9. Future of Hazardous Location Thermostats Market