Market Overview:
The global hazardous location thermostats market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for energy-efficient and safety-critical equipment in hazardous locations. The market is segmented by type, application, and region. By type, the market is divided into line-voltage thermostats and low-voltage thermostats. Line-voltage thermostats are used in applications such as oil refineries, grain elevators, munitions plants, hospital operating rooms, coal mines, pulp and paper mills, sewage treatment plants etc., while low-voltage thermostats are used in applications such as data centers etc. By application, the market is divided into 11 segments: oil refineries; grain elevators; munitions plants; hospital operating rooms; coal mines; pulp and paper mills; sewage treatment plants; food processing facilities (other than dairy or meat processing); chemical processing facilities (other than petroleum refining); water/wastewater treatment facilities (other than municipal wastewatertreatment); power generation facilities (non nuclear).
Product Definition:
A hazardous location thermostat is a type of thermostat that is specifically designed to be used in areas where there is a potential for fire or explosion. These thermostats are typically made from materials that are flame-resistant and they include features that help to prevent sparks from occurring. Hazardous location thermostats are important because they can help to protect people and property from the dangers of fire or explosion.
Line-Voltage Thermostats:
Line-voltage thermostats are electronic devices used to control high power electric equipment or machines. They are majorly used in hazardous location temperature control systems as they can handle high power line voltage and the associated current needs. The system is made up of two parts, an external controller and an internal one, which works as a heat exchanger; it maintains the desired temperature by adjusting the flow of current from its source to where it is needed.
Low-Voltage Thermostats:
Low-voltage thermostats are electronic devices used to control heaters and coolers. They are most commonly used in hazardous locations such as chemical processing plants, refineries, petrochemical plants, and nuclear power stations. The product is widely accepted across the commercial sector owing to its ability to reduce energy consumption costs by switching off the heating or cooling equipment when no one is at home or office.
The global low-voltage thermostats.
Application Insights:
The global market is segmented by application into oil refineries, grain elevators, munitions plants, hospital operating rooms, coal mines, sewage treatment plants and other hazardous locations. The oil refinery segment dominated the overall industry in terms of revenue share in 2017. This can be attributed to the increasing demand for petroleum products coupled with growing concerns over energy security across various regions including North America and Asia Pacific.
Growing awareness regarding hazards associated with operating an oil refinery at sub-optimal temperatures has resulted in increased adoption of HLTs to ensure reliable plant operations at all times. These devices help control room temperature within defined limits without affecting electrical equipment or machinery operationally or physically located at a site where high heat fluxes occur such as an industrial furnace area or boiler room environment type applications are expected to drive product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is one of the most affected countries by COVID-19 as it has a large number of healthcare facilities and other critical infrastructure that need to be maintained at specific temperature levels. As such, there is a significant demand for maintaining these locations’ temperature within normal limits while simultaneously preventing the spread of this virus across North America and beyond.
Asia Pacific also presents lucrative opportunities for industry players over the forecast period owing to rapid industrialization coupled with government initiatives aimed at improving healthcare standards in emerging economies like China and India. Moreover, several multinational companies have their manufacturing plants located across Asia Pacific due to low operational costs as well as favorable labor laws & regulations that are applicable within these regions (i.e., no mandatory retirement age).
Growth Factors:
- Increasing demand for hazardous location thermostats from the oil and gas industry as a result of the growth in drilling and exploration activities
- Rising demand for hazardous location thermostats from the chemical processing industry due to increasing production of specialty chemicals
- Growing popularity of programmable hazardous location thermostats that offer energy savings and improved safety features
- Proliferation of smart buildings that require advanced temperature controls, including hazardous location thermostats
- Increased awareness among plant managers and engineers about the benefits of using hazardous location thermostats in critical process applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Hazardous Location Thermostats Market Research Report
By Type
Line-Voltage Thermostats, Low-Voltage Thermostats
By Application
Oil Refineries, Grain Elevators, Munitions Plants, Hospital Operating Rooms, Coal Mines, Pulp and Paper Mill, Sewage Treatment Plant, Other
By Companies
Pentair, Johnson Controls, R. Stahl, Honeywell International, Emerson, Watlow Electric Manufacturing Company, Tempco Electric Heater Corporation, Stego Elektrotechnik, SSHC, ABB, Pentair, Proliphix, Indeeco, Heatrex, Supermec, STEGO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Hazardous Location Thermostats Market Report Segments:
The global Hazardous Location Thermostats market is segmented on the basis of:
Types
Line-Voltage Thermostats, Low-Voltage Thermostats
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Refineries, Grain Elevators, Munitions Plants, Hospital Operating Rooms, Coal Mines, Pulp and Paper Mill, Sewage Treatment Plant, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pentair
- Johnson Controls
- R. Stahl
- Honeywell International
- Emerson
- Watlow Electric Manufacturing Company
- Tempco Electric Heater Corporation
- Stego Elektrotechnik
- SSHC
- ABB
- Pentair
- Proliphix
- Indeeco
- Heatrex
- Supermec
- STEGO
Highlights of The Hazardous Location Thermostats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Line-Voltage Thermostats
- Low-Voltage Thermostats
- By Application:
- Oil Refineries
- Grain Elevators
- Munitions Plants
- Hospital Operating Rooms
- Coal Mines
- Pulp and Paper Mill
- Sewage Treatment Plant
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hazardous Location Thermostats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hazardous location thermostats are designed to protect people and equipment from the extreme cold or heat. They can be used in places such as factories, warehouses, power plants, and other industrial settings.
Some of the major companies in the hazardous location thermostats market are Pentair, Johnson Controls, R. Stahl, Honeywell International, Emerson, Watlow Electric Manufacturing Company, Tempco Electric Heater Corporation, Stego Elektrotechnik, SSHC, ABB, Pentair, Proliphix, Indeeco, Heatrex, Supermec, STEGO.
The hazardous location thermostats market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hazardous Location Thermostats Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hazardous Location Thermostats Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hazardous Location Thermostats Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hazardous Location Thermostats Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hazardous Location Thermostats Market Size & Forecast, 2018-2028
4.5.1 Hazardous Location Thermostats Market Size and Y-o-Y Growth
4.5.2 Hazardous Location Thermostats Market Absolute $ Opportunity
Chapter 5 Global Hazardous Location Thermostats Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hazardous Location Thermostats Market Size Forecast by Type
5.2.1 Line-Voltage Thermostats
5.2.2 Low-Voltage Thermostats
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hazardous Location Thermostats Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hazardous Location Thermostats Market Size Forecast by Applications
6.2.1 Oil Refineries
6.2.2 Grain Elevators
6.2.3 Munitions Plants
6.2.4 Hospital Operating Rooms
6.2.5 Coal Mines
6.2.6 Pulp and Paper Mill
6.2.7 Sewage Treatment Plant
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hazardous Location Thermostats Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hazardous Location Thermostats Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hazardous Location Thermostats Analysis and Forecast
9.1 Introduction
9.2 North America Hazardous Location Thermostats Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hazardous Location Thermostats Market Size Forecast by Type
9.6.1 Line-Voltage Thermostats
9.6.2 Low-Voltage Thermostats
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hazardous Location Thermostats Market Size Forecast by Applications
9.10.1 Oil Refineries
9.10.2 Grain Elevators
9.10.3 Munitions Plants
9.10.4 Hospital Operating Rooms
9.10.5 Coal Mines
9.10.6 Pulp and Paper Mill
9.10.7 Sewage Treatment Plant
9.10.8 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hazardous Location Thermostats Analysis and Forecast
10.1 Introduction
10.2 Europe Hazardous Location Thermostats Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hazardous Location Thermostats Market Size Forecast by Type
10.6.1 Line-Voltage Thermostats
10.6.2 Low-Voltage Thermostats
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hazardous Location Thermostats Market Size Forecast by Applications
10.10.1 Oil Refineries
10.10.2 Grain Elevators
10.10.3 Munitions Plants
10.10.4 Hospital Operating Rooms
10.10.5 Coal Mines
10.10.6 Pulp and Paper Mill
10.10.7 Sewage Treatment Plant
10.10.8 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hazardous Location Thermostats Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hazardous Location Thermostats Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hazardous Location Thermostats Market Size Forecast by Type
11.6.1 Line-Voltage Thermostats
11.6.2 Low-Voltage Thermostats
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hazardous Location Thermostats Market Size Forecast by Applications
11.10.1 Oil Refineries
11.10.2 Grain Elevators
11.10.3 Munitions Plants
11.10.4 Hospital Operating Rooms
11.10.5 Coal Mines
11.10.6 Pulp and Paper Mill
11.10.7 Sewage Treatment Plant
11.10.8 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hazardous Location Thermostats Analysis and Forecast
12.1 Introduction
12.2 Latin America Hazardous Location Thermostats Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hazardous Location Thermostats Market Size Forecast by Type
12.6.1 Line-Voltage Thermostats
12.6.2 Low-Voltage Thermostats
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hazardous Location Thermostats Market Size Forecast by Applications
12.10.1 Oil Refineries
12.10.2 Grain Elevators
12.10.3 Munitions Plants
12.10.4 Hospital Operating Rooms
12.10.5 Coal Mines
12.10.6 Pulp and Paper Mill
12.10.7 Sewage Treatment Plant
12.10.8 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hazardous Location Thermostats Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hazardous Location Thermostats Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hazardous Location Thermostats Market Size Forecast by Type
13.6.1 Line-Voltage Thermostats
13.6.2 Low-Voltage Thermostats
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hazardous Location Thermostats Market Size Forecast by Applications
13.10.1 Oil Refineries
13.10.2 Grain Elevators
13.10.3 Munitions Plants
13.10.4 Hospital Operating Rooms
13.10.5 Coal Mines
13.10.6 Pulp and Paper Mill
13.10.7 Sewage Treatment Plant
13.10.8 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hazardous Location Thermostats Market: Competitive Dashboard
14.2 Global Hazardous Location Thermostats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pentair
14.3.2 Johnson Controls
14.3.3 R. Stahl
14.3.4 Honeywell International
14.3.5 Emerson
14.3.6 Watlow Electric Manufacturing Company
14.3.7 Tempco Electric Heater Corporation
14.3.8 Stego Elektrotechnik
14.3.9 SSHC
14.3.10 ABB
14.3.11 Pentair
14.3.12 Proliphix
14.3.13 Indeeco
14.3.14 Heatrex
14.3.15 Supermec
14.3.16 STEGO
