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North America Hazardous Location Motors Market Trends

Statistics for the 2023 & 2024 North America Hazardous Location Motors market trends, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. North America Hazardous Location Motors trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of North America Hazardous Location Motors Industry

This section covers the major market trends shaping the North America Hazardous Location Motors Market according to our research experts:

The Increasing demand for Oil and Gas is Expected to Drive the Market Growth

  • When operated in environments containing combustible materials like oil and gas vapors or liquids, regular electric motors are prone to explosions. The consequences may range from minor production downtime to severe injuries and even death.
  • The North American oil and gas industry presents some of the harshest challenges for hazardous location motors. The motors are a critical lifeline to the operation of the facilities, from offshore drilling to the frigid conditions of the Canadian oil sands. The region's massive production and export of oil and gas is aiding the growth of the studied market.
  • For instance, According to Energy Information Administration (EIA), in 2020, Texas produced 1,782 million barrels of crude oil, while North Dakota produced 431.2 million barrels of crude oil.
  • Further, according to BP plc, in 2020, The United States was among the leading global crude oil and oil products exporters, exporting 8.11 million barrels per day. At the same time, the exports from Canada totaled 4.42 million barrels per day. The region is also home to some of the significant companies in the oil and gas industry. For instance, according to Thomson Reuters Corporation, as of October 2021, Exxon Mobil Corporation, headquartered in Texas, United States, had a market capitalization of USD 257.95 billion, followed by Chevron Corporation, headquartered in California, United States, with USD 201.77 billion market value.
  • Resultantly, the class-I hazardous location motors, which are designed in such a way that their motor case temperatures do not exceed safe temperatures for environments where combustible gases, vapors, or liquids are present, are increasingly being adopted in the region.
North America Hazardous Location Motors Market

Explosion Proof Motor in Coal Production is Expected to Hold a Major Market Share

  • In coal mines, methane and coal dust are two of the most common explosive hazards. Methane explosions occur when a buildup of methane gas comes into contact with a heat source, and there is insufficient air to dilute the gas level below the point of explosion.
  • Similarly, fine particles of coal dust in the right concentration that come into contact with a source of heat can be explosive. Hybrid explosions caused by a combination of methane and coal dust are also possible.
  • The usage of electric motors, which do not comply with the hazardous location standards, can cause explosions when they generate heat beyond certain levels. In North America, hazardous classifications are established by the National Electric Code (NEC) and the Canadian Electric Code (CEC). The codes also stipulate the requirements for the design and labeling of the motors that are allowed to operate in hazardous environments.
  • The increasing production of coal in the North American region is substantially driving the growth of the studied market. For instance, according to the United States Department of Labor, in 2020, Wyoming produced 218.5 million short tons of coal, followed by West Virginia with 67.2 million short tons of coal. Further, according to BP plc, in 2020, the United States and Canada produced 18.6% and 5.8% of the total global crude oil production, respectively.
  • The class-II hazardous location motors, which reduce the heat produced by operating at a lower current rating, employ other failsafe methods like thermostats that disengage the motor power before it reaches critical temperatures to limit an excessive motor case temperature condition, are becoming increasingly popular in the region.
North America Hazardous Location Motors Market

North America Hazardous Location Motors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)