Comprehensive Report on Hazardous Location Air Conditioners Market by Knowledge Sourcing Intelligence
Oil and Gas Industries to Boost the
Demand for Hazardous Location Air Conditioners Market
Hazardous location air conditioners are cooling equipment that
are used in high risk locations to provide safety and reliability by handling
volatile flammable liquids and gases. These air conditioners are deployed
across different hazardous material storage sites such as chemical and
petrochemical sites, oil refineries, paint, and varnish manufacturing plants
and offshore drilling sites. The competitive
intelligence section in the report prepared by Knowledge Sourcing Intelligence
deals with major players in the market, their market shares, growth strategies,
products, financials, and recent investments among others. Key industry players
in the hazardous location air conditioners market are Ice Qube, EIC Solutions,
Kooltronic, Thermal Edge, and Wozair among others.
Market
Drivers
The hazardous location air conditioners market analysis shows that the
rising global energy demand has led to the establishment of oil and gas
factories and coal industries. As the working environment is hazardous in these
areas, the growth of these industries has augmented the demand for hazardous
location air conditioners. Stringent government regulations regarding the
workers’ safety in dangerous working conditions are also fuelling the demand
for these machines and equipment. Growing aerospace and defense industry will
propel the growth of hazardous location air conditioners market in the coming
years owing to rising demand for air conditioning systems for tent cooling,
guard booths and towers, research facilities, rocket launch locations and
missile silos among others. However, factor such as high installation costs and
lack of skilled personnel will restrain the global hazardous location air conditioners market growth during the
forecast period.
Market
Segmentation
The hazardous location air conditioners
market has been segmented based on product type, location, application, and
geography. By product type, the market has been segmented based on Central Air Conditioners,
Ductless Split Systems, Dehumidifiers, Packaged Terminal Air Conditioners
(PTAC), and Others. By location, the market has been segmented as class I and
class II. By application, the market has been segmented as Chemical, Oil and
Gas, Mining, Food and Beverage, Construction, Manufacturing, and Others. By
geography, the market has been segmented as North America, South America,
Europe, Middle East and Africa, and The Asia Pacific. By product type, central
air conditioners hold the largest hazardous location air conditioners market share due to a continuous rise in the use
of these systems in various companies and organizations. The Middle East
accounts for the largest market share geographically owing to the presence of
oil and gas industries in the region. APAC region is projected to witness the
fastest market growth due to rapid industrialization, increasing energy demand,
and high demand for integrated control systems in industrial buildings.
Furthermore, growing infrastructure activity in the region, particularly the
construction of private educational institutions and universities, will boost
the demand for central air conditioners in the region, thereby propelling the
regional market growth.
Key questions answered in
the report:
· What has been the performance of Hazardous Location Air
Conditioners Market and how it will perform in the future?
·
What are the key players in the target market study?
·
What are the various segments on which the market research is
conducted?
·
What are the driving factors that are leading to the growth of
the market?
·
What are the recent developments happening in the industry?
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