Hazardous Location Motor Starters Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0208354
  • Format: Electronic (PDF)
  • Number of Pages: 203
  • Author(s): Joshi, Madhavi

Report Overview

The Hazardous Location Motor Starters Market size was estimated at USD 1.85 billion in 2023 and is projected to reach USD 2.75 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024-2030).

Hazardous Location Motor Starters Market

(Market Size)
$1.85 billion
$2.75 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.00%
2023 Market Size USD 1.85 billion
2030 Market Size USD 2.75 billion
Key Players Eaton, Siemens, ABB, Rockwell Automation, WEG

Market Summary

The hazardous location motor starters market is a specialized segment within the broader industrial equipment industry, primarily serving the manufacturing and construction sectors. These devices are critical for ensuring the safe operation of electric motors in environments where flammable gases, vapors, liquids, combustible dusts, or ignitable fibers may be present. The market is characterized by stringent regulatory standards and certifications, which govern the design, production, and implementation of these starters to prevent ignition sources in volatile atmospheres. Key industries relying on these products include oil and gas, chemical processing, mining, pharmaceuticals, and wastewater treatment facilities. The demand is driven by the imperative for operational safety and the need to comply with international safety standards such as those set by NEC, ATEX, and IECEx. Manufacturers in this space focus on developing robust, reliable, and certified products that can withstand harsh conditions while providing protection against overloads, short circuits, and phase failures. The market is also influenced by technological advancements aimed at enhancing product intelligence, durability, and ease of maintenance. Companies operating in this niche must navigate a complex landscape of safety regulations and regional compliance requirements, which can vary significantly across different geographies. The competitive environment is shaped by innovation, product quality, and the ability to offer comprehensive solutions that integrate with broader industrial automation systems.

Key Highlights

The hazardous location motor starters market is defined by several key highlights that underscore its importance and unique characteristics. A primary highlight is the critical role these starters play in ensuring safety in high-risk industrial environments, preventing catastrophic accidents and ensuring business continuity. The market is heavily regulated, with products requiring certifications from recognized bodies such as UL, CSA, ATEX, and IECEx, which validate their suitability for use in classified hazardous areas. Another significant highlight is the technological evolution within the sector, with a growing emphasis on intelligent motor starters that offer features like remote monitoring, diagnostics, and connectivity to industrial IoT platforms. This integration enhances predictive maintenance capabilities and operational efficiency. The market is also characterized by the use of durable materials and specialized enclosures, such as explosion-proof and dust-ignition-proof housings, designed to contain any internal explosion and prevent it from igniting the surrounding atmosphere. Leading companies like Eaton, ABB, Siemens, and Rockwell Automation are at the forefront of innovation, driving developments in product design and functionality. Furthermore, the market demonstrates resilience and steady demand, as safety is a non-negotiable aspect of operations in sectors like oil and gas, chemicals, and mining, ensuring a consistent need for reliable and certified motor starting solutions.

Drivers, Opportunities & Restraints

The hazardous location motor starters market is influenced by a combination of drivers, opportunities, and restraints that shape its trajectory. A primary driver is the stringent enforcement of industrial safety regulations and standards globally, compelling companies to invest in certified equipment to avoid penalties and ensure worker safety. The ongoing expansion of industrial activities in sectors such as oil and gas exploration, chemical manufacturing, and mining directly fuels demand for these specialized starters. Additionally, the increasing awareness of workplace safety and the potential financial and reputational damage from industrial accidents are pushing companies to prioritize investments in reliable motor control equipment. Opportunities in the market are abundant, particularly with the rise of Industry 4.0 and smart manufacturing. The integration of IoT and connectivity features into motor starters presents a significant growth avenue, enabling predictive maintenance, real-time monitoring, and enhanced operational efficiency. There is also opportunity in emerging economies where industrial infrastructure is developing rapidly, creating new demand for safety-compliant equipment. However, the market faces restraints, including the high cost of certified hazardous location products compared to standard motor starters, which can be a barrier for some end-users, especially small and medium-sized enterprises. The complexity of certification processes and the need for compliance with varying regional standards can also slow down market entry and product development. Economic downturns and fluctuations in key end-use industries can temporarily dampen investment in new equipment, acting as a cyclical restraint on market growth.

Concentration Insights

The concentration of the hazardous location motor starters market reveals a landscape with a mix of large, established multinational corporations and specialized niche players. The market is relatively consolidated, with a significant share held by a few key global players who possess extensive product portfolios, strong brand recognition, and global distribution networks. Companies such as Eaton Corporation, ABB Ltd., Siemens AG, and Rockwell Automation Inc. are dominant forces, leveraging their technological expertise and financial resources to innovate and capture market share. These corporations often serve a wide range of industries and offer comprehensive solutions that include not just motor starters but also other control and automation products. Alongside these giants, there are several specialized manufacturers that focus exclusively on hazardous location equipment, often competing on the basis of deep product knowledge, customization capabilities, and superior customer service for specific applications or regions. Geographically, the market concentration is higher in regions with well-developed industrial bases and strict safety regulations, such as North America and Europe. However, manufacturing hubs and the presence of key end-use industries also influence concentration in areas like Asia-Pacific. The competitive dynamics are shaped by continuous innovation, strategic mergers and acquisitions, and a focus on expanding geographic footprint to tap into growing markets in developing regions.

Type Insights

The hazardous location motor starters market is segmented by type, primarily into two categories: electromechanical starters and solid-state starters. Electromechanical starters, which include traditional contactor-based designs, have been the industry standard for decades. They are valued for their robustness, simplicity, and cost-effectiveness for many applications. These starters use physical contacts to make and break the circuit, housed within enclosures rated for hazardous environments. On the other hand, solid-state starters represent a more advanced and growing segment. They utilize semiconductor devices like thyristors to control the motor voltage and current, offering benefits such as smooth acceleration (soft starting), reduced mechanical stress on the motor and driven equipment, and better protection against electrical faults. Solid-state starters are often favored in applications requiring precise control and where minimizing inrush current is critical. The choice between electromechanical and solid-state types depends on factors such as the specific application requirements, motor size, desired level of control, and budget constraints. Within these broad categories, products are further differentiated by their protection methods, such as explosion-proof, purged and pressurized, or intrinsically safe designs, each suited to different classes and divisions of hazardous locations as defined by safety standards.

Application Insights

Hazardous location motor starters find critical application across a diverse range of industries within the manufacturing and construction sectors where explosive atmospheres are a concern. In the oil and gas industry, they are indispensable for operating pumps, compressors, and fans on drilling rigs, in refineries, and along pipelines where flammable gases and vapors are prevalent. The chemical and pharmaceutical manufacturing sectors rely on these starters for mixing equipment, conveyor systems, and ventilation fans that handle volatile substances. Within mining operations, they are used to power machinery, crushers, and ventilation systems in areas where combustible dust from coal, minerals, or other materials poses a significant risk. The wastewater treatment industry utilizes these starters for pumps and aeration equipment that may be exposed to methane and other explosive gases. In general manufacturing and construction, any area classified as hazardous due to the presence of ignitable dust or fibers, such as in grain silos, woodworking facilities, or textile mills, requires the use of certified motor starters. The application dictates the specific requirements for the starter, including its protection technique, enclosure rating, and performance characteristics, ensuring safe and reliable operation in each unique and challenging environment.

Regional Insights

The demand for hazardous location motor starters exhibits distinct regional variations influenced by industrial activity, regulatory frameworks, and economic development. North America represents a significant market, driven by stringent safety regulations enforced by bodies like OSHA and the NEC, coupled with a strong presence of oil and gas, chemical, and manufacturing industries. The United States, in particular, is a major consumer due to its extensive energy sector. Europe is another prominent region, characterized by the widespread adoption of the ATEX directive, which mandates equipment used in explosive atmospheres. Countries like Germany, the UK, and France, with their advanced industrial bases, are key markets within Europe. The Asia-Pacific region is anticipated to show substantial growth potential, fueled by rapid industrialization, increasing investments in infrastructure and manufacturing, and the strengthening of safety standards in countries such as China and India. The expansion of oil and gas activities in the Middle East also contributes to demand in that region. Latin America and Africa present emerging opportunities, often linked to the development of their natural resource extraction industries. However, market maturity and adoption rates can vary significantly within these regions based on local economic conditions and the pace of regulatory enforcement.

Company Insights

The competitive landscape of the hazardous location motor starters market features several prominent companies that have established strong positions through innovation, quality, and global reach. Eaton Corporation is a key player, offering a comprehensive range of products under its Crouse-Hinds series, known for durability and compliance with international standards. ABB Ltd. is another major contender, providing advanced motor starting and protection solutions that often integrate with its broader automation portfolio. Siemens AG holds a significant market share with its SIMOTICS brand and explosion-protected drives and starters, emphasizing digitalization and energy efficiency. Rockwell Automation Inc., through its Allen-Bradley brand, is renowned for its robust motor control products designed for harsh environments. Schneider Electric SE also competes effectively with its specialized offerings for hazardous locations. Beyond these giants, there are important specialized manufacturers such as R. Stahl AG, which focuses exclusively on explosion-protected electrical equipment, and Bartec GmbH, known for its safety technology solutions. These companies compete on factors including product reliability, technological features, certification compliance, price, and the ability to provide tailored solutions and strong technical support to end-users across various industries.

Recent Developments

The hazardous location motor starters market has witnessed several recent developments focused on enhancing safety, functionality, and integration capabilities. A prominent trend is the increasing incorporation of digitalization and IoT features. Manufacturers are launching smart starters equipped with sensors and communication protocols that enable remote monitoring of operational parameters such as temperature, vibration, and current draw. This facilitates predictive maintenance, reducing downtime and preventing failures in critical applications. There is also a continued emphasis on improving energy efficiency, with new product designs aiming to minimize power losses during operation. Another development is the introduction of more compact and modular starter designs, which simplify installation and maintenance in space-constrained hazardous areas. Companies are also focusing on achieving certifications for a wider range of global standards, making their products acceptable in multiple geographic markets. Furthermore, strategic activities such as mergers, acquisitions, and partnerships have been observed, as larger players seek to expand their technological capabilities or geographic presence. For instance, acquisitions of smaller specialized firms allow majors to enhance their product portfolios specifically for niche hazardous location applications. These developments collectively point towards a market that is evolving to meet the dual demands of unwavering safety and modern, connected industrial operations.

Report Segmentation

This market research report on the hazardous location motor starters market provides a detailed and structured analysis through a comprehensive segmentation approach. The report is segmented by type, distinguishing between electromechanical starters and solid-state starters, analyzing the adoption trends, advantages, and market share of each technology. It is further segmented by application, delving into the specific needs and growth patterns within key industries such as oil and gas, chemical and pharmaceutical, mining, wastewater treatment, and other manufacturing sectors. A crucial segmentation is by region, offering a granular analysis of market dynamics, demand drivers, and competitive landscapes in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This regional breakdown identifies high-growth markets and region-specific challenges. Additionally, the report includes a detailed company landscape, profiling leading and emerging players, their market strategies, product portfolios, and recent developments. This multi-faceted segmentation allows for a thorough understanding of the market from various perspectives, enabling stakeholders to identify growth opportunities, understand competitive intensity, and make informed strategic decisions based on specific types, applications, and geographic areas of interest.

FAQs

What defines a hazardous location? A hazardous location is an area where fire or explosion hazards may exist due to the presence of flammable gases, vapors, liquids, combustible dusts, or ignitable fibers in the air in quantities sufficient to produce an explosive or ignitable mixture.

What are the different types of hazardous locations? Hazardous locations are classified into Classes, Divisions, and Groups based on the nature of the hazard. Class I areas have flammable gases or vapors, Class II areas have combustible dust, and Class III areas contain ignitable fibers.

What is an explosion-proof motor starter? An explosion-proof motor starter is an enclosure designed to withstand an internal explosion of specified gases or vapors without causing an ignition of the surrounding atmosphere, containing the explosion and cooling the flames as they escape.

What is the difference between Division 1 and Division 2? Division 1 signifies locations where hazardous atmospheres are present continuously, intermittently, or periodically under normal operating conditions. Division 2 signifies locations where volatile materials are handled, processed, or stored but are normally confined and only escape during accident or failure.

What standards apply to hazardous location equipment? Key standards include the National Electrical Code (NEC) in the US, the ATEX directive in Europe, and the IECEx System for international certification, which set the requirements for the design, testing, and marking of equipment.

What is the purpose of a motor starter in a hazardous area? The purpose is to safely start, stop, and provide overload protection for an electric motor operating in a hazardous location, preventing the starter itself from becoming a source of ignition that could trigger a fire or explosion.

Citius Research has developed a research report titled “Hazardous Location Motor Starters Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Hazardous Location Motor Starters Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Hazardous Location Motor Starters Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Hazardous Location Motor Starters Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Hazardous Location Motor Starters Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Hazardous Location Motor Starters Market
• Research Methodology
• Executive Summary
• Market Dynamics of Hazardous Location Motor Starters Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Hazardous Location Motor Starters Market
• Cost and Gross Margin Analysis of Hazardous Location Motor Starters Market
• Hazardous Location Motor Starters Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Hazardous Location Motor Starters Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Hazardous Location Motor Starters Market Key Stakeholders

Below are the key stakeholders for the Hazardous Location Motor Starters Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Hazardous Location Motor Starters Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Hazardous Location Motor Starters Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Hazardous Location Motor Starters Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Hazardous Location Motor Starters Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Hazardous Location Motor Starters Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Hazardous Location Motor Starters Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Hazardous Location Motor Starters Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Hazardous Location Motor Starters Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Hazardous Location Motor Starters Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Hazardous Location Motor Starters Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Hazardous Location Motor Starters Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Hazardous Location Motor Starters Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Hazardous Location Motor Starters Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Hazardous Location Motor Starters Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Hazardous Location Motor Starters Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Hazardous Location Motor Starters Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Hazardous Location Motor Starters Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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