The latest research study “Explosion Proof Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global explosion proof equipment market size reached a value of US$ 9,464.0 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 13,809.3 Million by 2027 exhibiting a CAGR of 6.20% during 2022-2027.
Explosion-proof equipment is an apparatus that can withstand and prevent the unwanted explosion of flammable materials by monitoring the use of proactive builds and robust materials in hazardous locations. It is enclosed in a case and manufactured using stainless steel, silver, cast aluminum, and copper-aluminum alloys that offer high durability and resistance to moisture, impact, corrosion, and humidity. It is safe and reliable in explosive environments and designed to avoid malfunction in electrical process equipment. It is widely used in lighting systems, access control systems, circuit breakers, communication devices, cable glands, and panel boards. Since it helps reduce potential damage, enhance safety, boost output, and promote a high service standard, explosion-proof equipment is gaining immense traction across the globe.
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Explosion Proof Equipment Market Trends and Drivers:
The global explosion proof equipment market is primarily driven by the increasing product adoption in numerous industries, including mining, chemical, refining, and wastewater treatment, due to rising safety standards. Additionally, the rising incidences of industrial fires due to electrical sparks in machines and tools are positively influencing the market growth.
Moreover, the introduction of automated products with signaling systems, spark-resistant devices, media converts, and industrial monitors for harsh-environment applications is another major growth-inducing factor. Besides this, the implementation of stringent rules and policies by governments of numerous countries to protect the environment and promote worker safety has augmented product demand.
Furthermore, the development of non-metallic equipment that exhibits strong chemical and corrosion resistance and is made using plastics, wood, leather, and thermoplastic polymers is contributing to the market growth. Other factors, including the rising product applications in wireless connectivity services, escalating demand for integrated systems, and surging product adoption in the automation sector, are also anticipated to drive the market further.
Global Explosion Proof Equipment Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Explosion Proof Equipment Companies:
Adalet, Bosch Rexroth AG (Robert Bosch GmbH), Eaton Corporation PLC, Emerson Electric Co., Excalibur Miretti Group LLC, Extronics Ltd, Honeywell International Inc., Johnson Controls, Parker Hannifin Corporation, Pepperl+Fuchs SE, Rockwell Automation Inc. and Siemens AG.
The report has segmented the market on the basis of region, protection method, applicable system and industry vertical.
Breakup by Protection Method:
- Explosion Prevention
- Explosion Containment
- Explosion Segregation
Breakup by Applicable System:
- Cable Glands
- Junction Boxes and Enclosures
- Lifting and Material Handling System
- Lighting System
- Automation System
- Surveillance and Monitoring System
- Signaling Devices
- Others
Breakup by Industry Vertical:
- Oil and Gas
- Pharmaceutical
- Manufacturing
- Marine
- Mining
- Food Processing
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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