Press release
Explosion Proof Equipment Market | Industry Insight 2021-2028 Covered players: Adalet, ABB Group, BCom Solutions, Johnson Controls, Bosch Rexroth AG
Explosion Proof Equipment Market
According to the report, the increasing demand from oil & gas and mining for various applications is expected to drive the market growth of the explosion-proof equipment market during the forecast period.
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Explosion-proof equipment refers to products that secure the area from an explosion up to its boundaries. The use of these pieces of equipment depends on many propositions of protection, such as explosion prevention, explosion-proof, and explosion segregation. While explosion-proof equipment utilizes a strong, protective boundary to contain any explosion within itself, explosion segregation equipment identifies the source of the explosion inside a protective channel.
Fire outbreaks, loss of property and resulting casualties from explosions, etc. have convinced companies across various industry verticals to get equipped with solutions for end-to-end explosion prevention and control. This factor has been continuously driving the growth of the explosion-proof equipment market and at the same time also providing scope for technological advancements and innovation.
Industries such as oil & gas, mining, industrial manufacturing and processing, energy & power, food processing, and others are the end-users of explosion-proof equipment. Among these users of explosion-proof equipment, the oil & gas sector is expected to witnesses higher demand. The loss/damage to equipment and other assets caused by the explosions and all adds to a greater cost and hence, it has propelled the need for usage of explosion-proof equipment.
Key Factors Impacting Market Growth:
o High demand in energy and fuel industries to prevent explosions
o Cost of safety devices is high in aerospace, manufacturing and defense industries
o Industrial plants and safety concerns are generating demand
Regional segmentation and analysis to understand growth patterns:
The market has been segmented in major regions to understand the global development and demand patterns of this market.
North America, Western Europe, and the Asia Pacific are projected to be significant regions for the explosion-proof equipment market. Due to the strong presence of the industrial sector, North America and Western Europe were key markets for the explosion-proof equipment. In those regions, the industrial sector was one of the key contributors to the economies. Oil & gas, mining, industrial manufacturing and processing, energy & power, food processing, and others are estimated to be major industries in these regions.
These industries have an established base which results in stable demand on the market. In addition, the majority of these industries witnessed a transition in terms of product development and production methods. These factors are expected to drive demand in the North America and Western Europe region for the explosion-proof equipment market. In these regions, major country-by-country markets include the USA, Germany, France, the UK, Canada, Spain, and others.
In recent years the Asia Pacific and the Middle East region have seen tremendous growth in the industrial sector. Major companies operating in this market have developed strategies to improve their market presence in these regions. Besides this, some of the fastest-growing economies like China and India have been major markets for various end-use industries including building & development, automotive, healthcare, manufacturing, and so on. Oil & gas, mining, industrial manufacturing and processing, energy & power, food processing, and others among these industries are expected to record high demand for the explosion-proof equipment market during the forecast period.
On the other hand, in recent decades, the Middle East region has seen diversification as regards industrial outlook. The UAE, Saudi Arabia, Qatar, and others have played a key role in supporting the growth of various industries, including building & design, pharmaceutical, automotive, etc. This is expected to directly or indirectly drive the growth of the explosion-proof equipment market in the area. During the forecast period, Eastern Europe consisting of Russia and Turkey expects healthy demand for the explosion-proof equipment market.
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This report provides:
1) An overview of the global market for explosion-proof equipment and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for the Global explosion proof equipment market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in the industry.
The researchers have studied the market in-depth and have developed important segments such as product type, application, and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects, and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.
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With an emphasis on both organic and inorganic growth strategies, there have been several primary developments done by major companies Adalet, Intertek Group Plc., Extronics Ltd., Bartec Group, R. Stahl AG, Pepperl+Fuchs Gmbh, Siemens AG, Rockwell Automation, Inc., Cooper Industries (Eaton), ABB Group, BCom Solutions, Inc., Honeywell International Inc., CamLogic Snc, Johnson Controls, Excalibur Miretti Group, Shomal Co., Bosch Rexroth AG, Shenzhen KHJ Semiconductor Lighting Co. Ltd., Shanghai Explosion-proof Motor Co. Ltd, Parker Hannifin Corporation, Marechal Electric Group, and RAE Systems (Honeywell).
Market Segmentation:
By Type:
Explosion Proof
Explosion Prevention
Explosion Segregation
By Zone:
Zone 0
Zone 20
Zone 1
Zone 21
Zone 2
Zone 22
By End User:
Mining
Energy & Power
Chemical & Petrochemical
Pharmaceutical
Food Processing
Oil & Gas
Others
Construction
Automotive
Waste Management Services
By Application:
Power Supply System
Cable Glands
Lifting and Material Handling System
Junction Boxes and Enclosures
Automation System
Surveillance and Monitoring System
Signaling Devices
Others
Switchgear
HVAC
Conduits
Flexible Couplings and Unions
By Region:
North America
By Country (US, Canada, Mexico)
By Type
By Zone
By End-User
By Application
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By Zone
By End-User
By Application
Eastern Europe
By Country ( Russia, Turkey, Rest of Eastern Europe)
By Type
By Zone
By End-User
By Application
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Zone
By End-User
By Application
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By Zone
By End-User
By Application
Rest of the World
By Region (South America, Africa)
By Type
By Zone
By End-User
By Application
Reasons To Buy This Report:
Market size estimation of the global explosion proof equipment market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 1444 39 0986
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
ABOUT US:
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