Market Share of Hazardous Location Motor Starters Industry
The hazardous location motor starters market is fragmented in nature due to the presence of a large number of regional and international players of various sizes.The market competition is predicted to grow higher with the increase in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for diverse end-users. Key players areRockwell Automation,Schneider Electric,ABB Group, etc. Recent developments in the market are -
- February 2019: Danfoss company demonstratedhow its VLT Automation Drive can be used to perform condition monitoring using technologies such as external vibration sensors and load-envelope monitoring. These functions convert the drive into an “intelligent sensor” that detects problems at an early stage and identifies them before they cause downtime.
Hazardous Location Motor Starters Market Leaders
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Rockwell Automation
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Schneider Electric
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ABB Group
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Eaton Corporation
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WEG Industries
*Disclaimer: Major Players sorted in no particular order
