The Global Explosion Proof Equipment Market report added by Value Market Research projects a promising outlook for this market between the study period of 2018-2025. It was valued USD 5.0 BN (by revenue) in 2018 and is anticipated to reach USD 8.8 BN by 2025. The report foresees a CAGR of 8.5% under the study period. The term explosion proof equipment refers to the all equipment which prevents dangers in an explosive atmosphere. Basically, this equipment prevents contact between the explosive environment and the ignition sources. They mainly find application across the hazardous area where there is a high chance of emission of flammable gas or dust. They are shock resistance, soundproof and can work in an extremely harsh environment. Owing to their ability to control explosion and combustion, have widened their application across various industry such as into gas plants, petrochemical industries, carbon handling units, mining, textile industry, woodworking plants, feed mills, construction, aerospace, metallurgical processing units, and chemical industry.
Rising demand for explosion proof equipment from oil refineries is expected to boost the market growth. Increasing exploration of shale gas activity along with the implementation of strict rules by authorities such as Occupational Safety and Health Administration (OSHA) for the safety of the employees and environment in the hazardous location is also expected to propel the market growth. Expanding chemical industry where explosion-proof equipment has the largest application followed by shipbuilding, pharmaceutical, and construction will further favor the market growth. The growing mining industry is the new market for explosion proof equipment market which expected to add enormous growth to the market over the forecast period.
The report "Global Explosion Proof Equipment Market Report By Protection Principle (Explosion Prevention, Explosion Prevention, And Explosion Segregation), Flammable Substance (Class I, Class II, And Class III), Area Classification (Division 1 And Division 2), Zones (Zone 0, Zone 1, Zone 2, Zone 20, Zone 20, And Zone 22), Applicable System (Cable Glands, Junctions Systems, Lifting Systems, Lighting Systems, Material Handling Systems, Panel Boards, Switches, Surveillance, Signaling System, Switchgears, HVAC, And Others), End-User (Aerospace, Construction, Manufacturing, Food Processing, Mining, Oil & Gas, Pharmaceuticals, Marine Industry, and Others) - And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025" analyzes the market dynamics and trends across five regions and offers an in-depth insight of the major drivers and trends responsible for the growth of the market during the forecast period.
The report covers the market segmentation based on protection principle, flammable substance, area classification, zones, applicable system, end-user, and region. On the basis of protection principle, the market is classified into explosion prevention, explosion containment, and explosion segregation. The explosion prevention segment is leading the segment owing to the growing demand from the industrial and manufacturing sector where explosion proof equipment is a basic need for the safety and security purpose. On the basis of flammable substance, the market is segmented into three classes - class I, class II and class III. Among these, class III is the dominating segment owing to rising demand from various end-user industry such as cotton seed mills, sawdust or flying’s plants, or textile mills. On the basis of area classification, the market of explosion proof equipment is bifurcated into division 1 and division 2. Division 2 is dominating the segment and is likely to maintain its dominance over the forecast period. On the basis of zones, the market is divided into Zone 0, Zone 1, Zone 2, Zone 20, Zone 20, and Zone 22. Zone 0 is leading the segment owing to rising demand from the end-user industries where there are high chances of explosion especially oil & gas and mining industry. On the basis of the applicable system, the market of explosion proof equipment segregated into cable glands, junctions systems, lifting systems, lighting systems, material handling systems, panel boards, switches, surveillance, signaling system, switchgear, HVAC and others. Cable glands are leading the segment owing to rising demand from mining and other manufacturing sectors. End-user segment is classified into aerospace, construction, manufacturing, food processing, mining, oil & gas, pharmaceuticals, marine industry, and others. Oil and gas industry is dominating the segment owing to the expanding oil and gas industry along with the rising government initiatives for the safety of the workers in such a hazardous place. Geographically, the market has been analyzed across the region of North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Studies show that the Middle East and Africa since has shown high demand for the explosion-proof and resistant equipment owing to the presence of oil refineries.
The Report Segments Global Explosion Proof Equipment Market -
By Protection Principle
By Flammable Substance
By Area Classification
By Applicable System
Players Profiled In The Report:
A.B Controls And Technology, Inc., ABB Ltd., Adalet Inc., Bartec Gmbh, Cortem S.P.A., E2s Warning Signals LLC, Eaton Corporation PLC, Emerson Electric Co., Extronics Ltd, General Electric Company, KH Industries, Inc., Marechal Electric Sa, Mhe Demag (S) PTE Ltd., PELCO Corporation, Pentair PLC, Pepperl+Fuchs Gmbh, R. Stahl Ag, Rockwell Automation, Inc., and Siemens AG.
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