The global hazardous location or explosion proof air conditioners market is estimated to grow at a mature rate of 2.3% during 2018 – 2023. The overall market size currently stands at $381.13 million in 2017, and the market is estimated to reach $436.85 million by 2023.
Central Air conditioners are the most widely used type of air conditioning products in hazardous locations, generating a revenue of $76.83 million in the year 2017, and their sales are expected to hit $85.75 million by 2023. Portable Air Conditioners are found to have the highest CAGR of 4.43%.
MEA continues to lead the Hazardous Location Air Conditioners market share during 2018-2023.
Hazardous Location air conditioners generated maximum market revenue in the Middle East and African regions, amounting to $150.88 million. It is expected to grow at a rate of 2.07%, resulting in an expected market growth of $170.11 million in 2023, and will be followed by the Americas and Europe. Asia-pacific is projected to register the highest growth rate of 3.98% CAGR during the forecast period.
Selected / Sample Analysis done in the Hazardous Location Air Conditioners Market Report:
Hazardous location is defined as the areas where fire or explosion hazard may exist due to flammable gases, vapors, flammable liquids combustible dust or ignitable fibers. Air conditioners are manufactured differently to tackle each of these threats. The air conditioning equipment primarily has two types of enclosures: one is Explosion Proof, and the other is Dust-Ignition Proof.
The explosion proof enclosures should be capable of withstanding an explosion from a specified gas or vapor that may occur within it. For such an explosion, the enclosure must prevent the ignition of a specified gas or vapor within it. Furthermore, the enclosure’s external temperature must remain low enough so that it does not ignite the surrounding flammable atmosphere. Hence, the core cooling system of the air conditioners are subjected to a series of additional mechanisms where a metal or steel encasing is made for the system, the electrical circuitry is replaced with durable fire-resistant wires to safeguard the system from explosions. Each addition to the system adds value in terms of providing it with extra security against the threat prevalent in the location where the air conditioner will be used.
The Dust-ignition proof enclosures exclude the looming threat of flammable dust. This enclosure prevents arcs, sparks or heat that occurs within it from igniting exterior accumulations or atmospheric suspension of a specified dust. The air conditioner ducts are built with anti-dust settling coatings and are provided with airtight encasings in area within the unit that are not exposed to the external surroundings.
Some of the emerging applications include those in the entertainment sector, sports and recreation centers, outdoor automated electronic ticketing machines or kiosks, security and surveillance cameras, which are driving the market growth and is projected to drive significant growth throughout the forecast period.
Rising installation of Industrial Portable Air Conditioners and basic Industrial Air Conditioners for workers safety, projects high demand and growth for the Hazardous Location Air Conditioners Market.
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Key Players of the Hazardous Location Air Conditioners Market:
Safe Air Technology is a global leader in the Explosion Proof and Industrial HVAC and Refrigeration manufacturing sector, followed by Kooltronics Matticks and EIC Solutions. SafeAir Technology has successfully completed the air-conditioning and pressurization systems on LLOG project living quarter and project gallery. The project included two engineered severe duty explosion proof systems, which certified, tested and complied with all the requested specifications. The Kooltronics Matticks Company’s mission is to develop new and innovative products of the best quality. KOOLTRONIC is on the leading edge of the cooling industry due to their Computer aided design. The EIC Solutions introduces Thermo TEC 145 Series for military grade applications.
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IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Material