Hazardous Location Thermostats Market to Grow at a 7.69% CAGR Forecast to 2020

The Global Hazardous Location Thermostats market is estimated to be worth $0.587 billion in 2015 and is projected to grow at a CAGR of 7.69% during the forecast period to reach $0.850 billion by 2020. In the past few years, the rapid technological innovation and the growing number of industries especially from petrochemical plants to oil refineries, from grain elevators to pulp and paper mills has led to robust demand for hazardous location thermostats market. 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 and when needed. It serves as a control unit for heating or cooling the system or a component of heaters or air conditioners. These 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 adjustments.

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The hazardous location thermostats market is broadly segmented on basis of types, class, divisions, hazardous zones, applications and geography. Based on their types, the hazardous location thermostats market has been segmented into line-voltage thermostats and low-voltage thermostats. Further, 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, whereas the thermostats used here, are for temperature control of heaters or low-temperature alarms in enclosures that are used in explosion-hazardous areas such as in oil refineries, grain elevators, ammunition plants, hospital operating rooms, coalmines and other hazardous explosion-prone locations.

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.

Drivers:
Rapid technological advancement, increasing applications in the industrial sector and the growing safety measures are some of the major drivers stimulating the growth of this segment.

Challenges
Cost of installation is one of the major challenges faced by the Global hazardous location thermostats market.

What the report offers

Market Definition for the hazardous location thermostats along with identification of key drivers and restraints for the market
Market analysis of the global hazardous location thermostats market, with region specific assessments
Identification of factors instrumental in changing the market scenarios, offering prospective opportunities and identifying key companies, which can influence the market on the global and regional fronts
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares
Identification and analysis of the Macro and Micro factors that affect the global hazardous location thermostats market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

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Key points in table of content

1. Introduction

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 Introduction

4.1.1 Global Hazardous Location Thermostats Market Overview

4.2 Drivers

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 Restraints

4.3.1 Regulations & Compliance

4.3.2 High cost of Installation

4.4 Industry Attractiveness – Porter’s 5 Force 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 & Forecast

6.1 Global Market - Segmented By Types

6.1.1 Line-voltage thermostats

6.1.2 Low-voltage thermostats

6.2 Global Market - Segmented By Class

6.2.1 Class I

6.2.2 Class II

6.2.3 Class III

6.3 Global Market - Segmented By Division

6.3.1 Division 1

6.3.2 Division 2

6.4 Global Market - Segmented By Hazardous Zones

6.4.1 Zone 0

6.4.2 Zone 1

6.4.3 Zone 2

6.5 Global 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

6.5.6 Others

6.6 Global Market – Segmented By Region

6.6.1 North America

6.6.2 Europe

6.6.3 Asia Pacific

6.6.4 Latin America

6.6.5 Middle East and Africa

7. Competitive Intelligence - Company Profiles

7.1 Pentair Ltd.

7.1.1 Overview

7.1.2 Products and Services

7.1.3 Financial

7.1.4 Recent Developments

7.2 Johnson Controls, Inc.

7.2.1 Overview

7.2.2 Products and Services

7.2.3 Financial

7.2.4 Recent Developments

7.3 R. Stahl, Inc.

7.3.1 Overview

7.3.2 Products and Services

7.3.3 Financial

7.3.4 Recent Developments

7.4 Honeywell International, Inc.

7.4.1 Overview

7.4.2 Products and Services

7.4.3 Financial

7.4.4 Recent Developments

7.5 Emerson Industrial Automation

7.5.1 Overview

7.5.2 Products and Services

7.5.3 Financial

7.5.4 Recent Developments

7.6 Watlow Electric Manufacturing Company

7.6.1 Overview

7.6.2 Products and Services

7.6.3 Financial

7.6.4 Recent Developments

7.7 Tempco Electric Heater Corporation

7.7.1 Overview

7.7.2 Products and Services

7.7.3 Financial

7.7.4 Recent Developments

7.8 Stego Elektrotechnik GmbH

7.8.1 Overview

7.8.2 Products and Services

7.8.3 Financial

7.8.4 Recent Developments

7.9 SSHC, Inc.

7.9.1 Overview

7.9.2 Products and Services

7.9.3 Financial

7.9.4 Recent Developments

7.10 Emerson Climate Technologies, Inc.

7.10.1 Overview

7.10.2 Products and Services

7.10.3 Financial

7.10.4 Recent Developments

7.11 ABB Ltd.

7.11.1 Overview

7.11.2 Products and Services

7.11.3 Financial

7.11.4 Recent Developments

7.12 Schneider Electric SA

7.12.1 Overview

7.12.2 Products and Services

7.12.3 Financial

7.12.4 Recent Developments

7.13 Proliphix

7.13.1 Overview

7.13.2 Products and Services

7.13.3 Financial

7.13.4 Recent Developments

7.14 Indeeco

7.14.1 Overview

7.14.2 Products and Services

7.14.3 Financial

7.14.4 Recent Developments

7.15 Heatrex

7.15.1 Overview

7.15.2 Products and Services

7.15.3 Financial

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
10. Appendix

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