Explosion Proof Equipment Market Size & Growth Rate:
As per the research analysts at Research Cosmos, the size of the Global Explosion Proof Equipment Market is expected to reach XX million by 2025, growing at a CAGR of XX% during the forecast period 2019-2025.
Explosion Proof Equipment Market Overview:
Dangerous locations are places where there is a risk of fire or explosion, as there are flammable gases, flammable liquid vapors, flammable dust or flammable fibers in sufficient quantity in the air to form explosive mixtures which can ignite in extreme temperature and pressure conditions. In such conditions, it is necessary to use a special device that is safe to operate to minimize the risk of explosion as even a small spark could lead to such a dangerous event.
Explosion-proof equipment is mainly used in cable glands, junction boxes and boxes, lifting systems, lighting systems, material flow systems, control panels, motor starters, switches and sockets, monitoring and monitoring systems, switches, HVAC systems, and many other systems.
Explosion Proof Equipment Market Drivers and Restraints:
The probability that the explosives are present in a specific location in an industry is defined by classifying the area. The equipment is manufactured, designed and installed in accordance with the laws, regulations, and norms of the legislatures. The EU formulates the manufacture of equipment according to the zone system Zone 0, Zone 1, Zone 2, Zone 20, Zone 21 and Zone 22 classify the hazardous areas in which the presence of flammable substances is very high, high or moderate.
The oil and gas industry generated the highest turnover in 2015 due to the large-scale adoption of products with explosion protection in this sector as a preventive measure against explosive areas. The adoption of sparks, thermocouples, and sensors resistant to sparks in hazardous areas of the oil and gas industry eliminates the release of potentially toxic and flammable substances. Therefore, it must dominate the other segments with a significant CAGR of 10.1% during the forecast period.
Extreme conditions in the manufacturing industry due to the presence of chemicals, toxic paints and other combustible dust lead to greater adoption of explosion-proof equipment. In fact, corrosion-resistant motors are widely adopted in the manufacturing industry because they act as prevention under abnormal conditions. As a result, the manufacturing segment is expected to grow at a CAGR of 10.2% during the forecast period. However, other industries, such as heating, ventilation, air conditioning, automotive, construction, and waste management, generated the second highest turnover in 2015 and are expected to show an average annual growth of 8.6% during the forecast period. The automotive and construction industries are exposed to flammable substances that represent a risk to the health and safety of people and the environment. The installation of systems and solutions explosion-proof in industries has grown significantly.
Explosion Proof Equipment Market – Regional Presence:
According to the geographic analysis, the global market for explosion proof equipment is divided into North America, Europe, Asia-Pacific and the rest of the world (Row). North America is forked in the USA, Canada, and Mexico, while Europe is made up of Great Britain, Russia, Germany, Italy, France and the rest of Europe. The Asia-Pacific region is divided into China, India, Japan, South Korea and the rest of the Asia-Pacific region, while the Row is divided into South America, the Middle East, and Africa.
Some of the Promising Companies leading the Explosion Proof Equipment Market Profiled in the Report are:
- Marechal Electric Group
- Alloy Industry Co. Ltd
- BARTEC GmbH
- R. Stahl
- G.M. International SRL
- Intertek Group plc
- Extronics Ltd
- RAE Systems
- Pepperl + Fuchs and Adalet, Inc
This research report includes following segmentation for the Explosion Proof Equipment Market size and forecast until 2025.
Explosion Proof Equipment Market - By Industry Vertical:
- Food Processing
- Oil and Gas
Explosion Proof Equipment Market - By Applicable System:
- Cable Glands
- Junction Boxes & Enclosures
- Lifting & Material Handling System
- Lighting System
- Automation System
- Surveillance and Monitoring System
- Signaling Devices
Explosion Proof Equipment Market - By Protection Method:
- Explosion Containment
- Explosion Prevention
- Explosion Segregation
Explosion Proof Equipment Market - By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa