Hazardous area sensors are helping industrial workplaces to achieve the ambition of ‘intrinsic safety’, according to a newly published market research report.
The study, Hazardous Area Sensors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023 by Transparency Market Research, identifies intrinsic safety as a key market trend.
It encompasses the UK, France, Germany, Austria, Switzerland, the Netherlands and Canada, all of which have already established ratings, standards and certifications for hazardous area sensors and their safety levels.
Intrinsic safety calls for hazardous area sensors to operate on low energy, while signalling the essential safety conditions in a particular hazardous area, which combines to reduce the risk of explosions.
This globally recognised approach has applications in oil refineries and chemical plants, as well as in specific industries like paint manufacture and textiles mills.
“In addition to the growing prominence of intrinsic safety, the implementation of stringent government legislations across the globe has compelled companies to make use of hazardous area sensors,” the study adds.
From 2014 to 2023, the hazardous area sensors market is therefore predicted to achieve a compound annual growth rate of 4.6%, taking it to a value of $6.7 billion worldwide.