According to a market report by Lucintel, the future of the global hazardous location motor market looks promising with opportunities in the petroleum refining plant, dry cleaning facility, spray painting and finishing area, utility gas plant, and fire work plant applications. The global hazardous location motor market is expected to reach an estimated $7.4 billion by 2030 with a CAGR of 4.7% from 2024 to 2030.

The major drivers for this market are growing preference for industrial automation, expanding demand for integrated servo and explosion-proof brushless motors, and substantial use of this motor for thermal overload protection.

A more than 150 – page report is developed to understand trends, opportunity and forecast in hazardous location motor to 2030 by type (explosion-proof general purpose motors, drill rig duty motors, explosion-proof pump motors, explosion-proof inverter duty motors, and others), application (petroleum refining plants, dry cleaning facilities, spray painting and finishing areas, utility gas plants, fire work plants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, explosion-proof general purpose, drill rig duty, explosion-proof pump, and explosion-proof inverter duty are the major segments of hazardous location motor market by type. Lucintel forecast that explosion-proof general purpose is expected to witness highest growth over the forecast period.

Within this market, petroleum refining plant will remain the largest segment due to significant use of hazardous motors in this sector in order to handle highly flammable substances effectively and safely.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com