As per this study the Global Explosion Proof Equipment Market was valued USD 4.6 BN (by revenue) in 2017 and is anticipated to reach USD 8.0 BN by 2024 with a CAGR of 8.5%.
 
Explosion proof equipment is solid cabinet or piece that resists the explosion-causing spark. Basically, this equipment prevents the contact between the explosive environment and the ignition sources. Moreover, explosion proof equipment is shockproof, sound proof and can work in extreme temperature conditions.
 
Objectives of the Study:

• Define and measure the global explosion proof equipment market
• Revenue forecast of the global explosion proof equipment market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Owing to its ability to prevent explosion and combustion, the demand for explosion proof equipment is rising rapidly across various end-user industry. Robust demand from oil and gas industry is likely to boost the market growth. Also, rising investment in industries such as construction and aerospace can increase the demand for the product. Moreover, the growing technological innovation along with the rising concern over safety and security is again fueling industry expansion. On the other hand, lack of standardization is the only factor limiting the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of explosion proof equipment.
 
Market Segmentation
 
The broad explosion proof equipment market has been sub-grouped into protection principle, flammable substance, area classification, zones, applicable system, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Zones Market Share 2017
 

 
By Protection Principle

• Explosion Prevention
• Explosion Containment
• Explosion Segregation

 
By Flammable Substance

• Class I
• Class II
• Class III

 
By Area Classification

• Division 1
• Division 2

 
By Zones

• Zone 0
• Zone 1
• Zone 2
• Zone 20
• Zone 20
• Zone 22

 
By Applicable System

• Cable Glands
• Junctions Systems
• Lifting Systems
• Lighting Systems
• Material Handling Systems
• Panel Boards
• Switches
• Surveillance
• Signaling System
• Switchgears
• HVAC
• Others

 
By End-User

• Aerospace
• Construction
• Manufacturing
• Food Processing
• Mining
• Oil & Gas
• Pharmaceuticals
• Marine Industry
• Others

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for explosion proof equipment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
U.S. Explosion Proof Equipment Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the explosion proof equipment market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.