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HAZARDOUS LOCATION THERMOSTATS

Global Market Trajectory & Analytics

MCP12268

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  •  DATE

    JULY 2020

  •  TABLES

    210

  •  PAGES

    281

  •  EDITION

    5

  •  PRICE

    USD $5450

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Hazardous Location Thermostats estimated at US$710.7 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 6.5% over the period 2020-2027.Line-Voltage Thermostats, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$695.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low-Voltage Thermostats segment is readjusted to a revised 6.5% CAGR for the next 7-year period. This segment currently accounts for a 36.8% share of the global Hazardous Location Thermostats market.
The Hazardous Location Thermostats market in the U.S. is estimated at US$192.3 Million in the year 2020. The country currently accounts for a 27.06% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$237.9 Million in the year 2027 trailing a CAGR of 9.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR while Rest of European market (as defined in the study) will reach US$237.9 Million by the year 2027.We bring years of research experience to this 5th edition of our report. The 281-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, ABB Group; Emerson Electric Company; Heatrex; Honeywell International, Inc.; Indeeco; Johnson Controls, Inc.; Pentair PLC; Proliphix; R. Stahl AG; Schneider Electric SA; SSHC, Inc.; STEGO Elektrotechnik GmbH; Tempco Electric Heater Corporation; Watlow Electric Manufacturing Company
» Application (Oil Refineries, Petrochemical Plants, Pulp & Paper Millers, Coal Mines, and Other Applications) » Type (Line-Voltage Thermostats, and Low-Voltage Thermostats)
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Spain » Russian Federation » 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 » UAE » and Rest of Middle East » and Africa

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