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HAZARDOUS AREA SENSORS

Global Market Trajectory & Analytics

MCP16448

VALIDATED EXECUTIVE ENGAGEMENTS

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18008

Interactions with Platform & by Email *

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1801

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PARTICIPANTS

363

Responses Validated *

VALIDATIONS

162

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  •  DATE

    JUNE 2020

  •  TABLES

    120

  •  PAGES

    192

  •  EDITION

    9

  •  PRICE

    US$4950

COVID-19 IMPACT SURVEY MAY 2020
Amid the COVID-19 crisis and the looming economic recession, the Hazardous Area Sensors market worldwide will grow by a projected US$1.2 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.1%. Power, one of the segments analyzed and sized in this study, is forecast to grow at over 4% and reach a market size of US$1.1 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Power market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 1.9% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$29.2 Million to the region's size over the next 7 to 8 years. In addition, over US$30.5 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Power segment will reach a market size of US$24.7 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Hazardous Area Sensors market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 6.2% over the next couple of years and add approximately US$411.6 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Hazardous Area Sensors market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, ABB Group; Eaton Corporation PLC; Endress+Hauser AG; Honeywell International, Inc.; Mettler-Toledo International, Inc.; NEO Monitors AS; SICK AG; Siemens AG; Yokogawa Electric Corporation

SEGMENTS

» End-Use (Power, Oil & Gas, Mining & Metal, Healthcare, Chemical, Other End-Uses)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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