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Hazardous 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.
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Hazardous Location Air Conditioners Market is estimated to hit $436.85 million by 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. Contact : sales@industryarc.com
Selected Analysis done in the full 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. Contact : sales@industryarc.com
Excerpts on Market Growth Factors Mentioned in the Full Report: The global demand for energy will complement the need for better equipment control and cooling requirements in such locations where mishaps can turn into major debacles. Companies worldwide have realized that any setbacks due to a lapse in safety will destroy not only valuable capital, but also hard-earned goodwill and brand image in the market. This realization of precaution will be the most crucial driver for the global hazardous location air conditioners market. 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. Contact : sales@industryarc.com
Key Players of the Hazardous Location Air Conditioners Market DURABLE MACHINERY COMPANY, LLC FRIEDRICH AIR CONDITIONING CO., LTD JOHNSON CONTROLS, INC KLINGE CORPORATION KOOLTRONIC, INC and Others Download Sample Report Contact : sales@industryarc.com
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