Hazardous Location Air Conditioners Market to Cross the $400 Million Mark by 2020!

MANCHESTER, N.Y. - Aug. 14, 2015 - PRLog -- The Hazardous Location Air Conditioners Market consists of the special HVAC systems that are installed in hazardous locations and are built to survive the harsh environments. It deals with the manufacturing of heating, ventilation, air-conditioning systems designed to cool, heat, filter and dehumidify the air in hot, corrosive, dusty, hazardous (explosive), and other harsh industrial, marine and military environments. Most of the systems designed for such a task are highly customized to fit the customers’ needs. It is estimated that 80% of the products sold in this market are customized specially for the customer and only 20% of the products sold in their standard designs. Asia-Pacific region is the fastest growing consumer of Hazardous Location Air Conditioners with a CAGR of 4% during the period 2013-2020. China and Australia are estimated to be the top growth markets for these devices with year over year rates of 4.52% and 4.46% respectively for the period of 2014-2020.

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Market Drivers:

Petrochemical and Oil and Gas industries are the primary drivers of the Hazardous Location Air Conditioners Market. Increasing demands for Oil and Energy will lead to an increase in the number of Oil and Energy factories set up around the globe. Consequently, there is going to be an increase in demand of Hazardous Location Air Conditioners. The Aerospace and Defence Industries are also market drivers for this Market. Hazloc Air Conditioners are used in the Defence Industry for the cooling of mobile command centers, tents, missile silos and research and testing facilities among others. In the Aerospace Industry, these systems are used to keep the expensive simulation equipment in optimal conditions because they can be damaged in high temperatures and corrosive environments.

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Market Segmentation:

The Hazardous Location Air Conditioners Market is classified into 4 categories. It is classified into:

·         by Location,

·         by Product Type,

·         by End User Application and

·         by Geographical analysis.

The first classification of Hazloc Air Conditioners is by Location; this refers to the safety levels of environment in which they are expected to function. The second classification is by Product Type; these include the different type of HVAC systems available like Central Air Conditioners, Dehumidifiers and others. The third classification is by End User Application and includes all the Industries that demand such products; Aerospace, Defence, Oil & Gas and Chemical; to mention a few. The last classification of this market is by Geographical Analysis which includes Americas, Europe, APAC and Others. Further divisions and in depth analysis can be found in the Market Report by IndustryARC.

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Market Growth:

According to the Market Report on Hazardous Location Air Conditioners by IndustryARC, the market is estimated to grow at mature rate of 2.3% during the period of 2014-2020. The market size is estimated to expand to $405 Million in 2020 from $348 Million in 2013. The overall shipments of Hazloc Air Conditioners are also slated to increase from 57,600 in 2013 to 63,035 by 2020 growing at a CAGR of 1.62%.

Key Players:

·         EIC Solutions,

·         Thermal Edge,

·         Ice Qube and

·         Kooltronics

These are the significant players in the Hazardous Location Air Conditioners Market. These are just 4 key players out of the 15 major players that are highlighted in the Market Report by IndustryARC. Company profiles with their Product Portfolios and Market Entropy (Mergers, Joint Ventures and New Releases) are also explained in the full report.

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