August 31, 2021
According to the report titled ‘Global Hazardous Location Air Conditioners Market Size study, by product type {Central Air Conditioners, Ductless Split Systems, Dehumidifiers, Packaged Terminal Air Conditioners (PTAC)}, By Industrial Vertical {Chemical, Oil & Gas, Mining, Food & Beverages, Construction, Manufacturing, Others}, By Distribution {Direct Sales, Indirect Sales}, Regional Forecasts 2021-2027’, available with Market Study Report, global hazardous location air conditioners market is anticipated to record significant growth during 2021-2027.
Factors like increasing energy demand in various sectors, in consort with surge in installation of air conditioning units across industries with steel or aluminum processes, petroleum refineries, carbon handling processes are boosting the progress of global hazardous location air conditioners market.
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Additionally, government initiatives aimed at ensuring the safety of workers at workplace has led to installation of air conditioners at manufacturing units, which in turn is expected to boost industry expansion in the ensuing years.
For the unversed, hazardous locations refer to those areas in an industry which are prone to explosions and fire hazards mainly due to the concentration of harmful dusts, gases, vapors, and inflammable liquids. These areas are mainly found in manufacturing units such as aluminum plant, steel plant, mining among others.
On the contrary, stringent rules and regulations related to the installation of safety equipment in hazardous locations is likely to hamper the development of worldwide hazardous location air conditioners market.
Moving on to geographical landscape, regions like North America, Asia Pacific, Middle East & Africa, Europe, and Latin America are considered to understand the market dynamics. The report cites that Middle East & Africa market is estimated to capture considerable market share during 2021-2027. This progress is attributable to the presence of a large number of oil & gas and petrochemical industries, safety regulations by industrial working authorities, coupled with increase in research & development activities, and rising energy demand across various sectors.
Key players operating in the global hazardous location air conditioners industry are Friedrich Air Conditioning LLC, Atex Delvalle, Safe Air Technology, Atexxo Manufacturing B.V., Specific Systems Ltd., EIC Solutions, Inc., Thermal Edge, Inc., Ice Qube, Inc., XP Climate Control LLC, and Kooltronic, Inc.