Explosion Panels Market Size, Share, Industry Trends Report | 2030
Explosion Panels Market Size, Share, Industry Trends Report | 2030
Segments - Global Explosion Panels Market By Types (Dome Shape, and Flat Shape), Applications (Dust Explosion, Gas Explosion, and Others), End-user Industries (Oil and Gas, Automobile, Chemical, Pharmaceutical, Food & Beverages, and Others), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
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Report Description
Explosion Panels Market Outlook
The global explosion panels market size was valued at USD 295.9 million in 2019 and is anticipated to reach USD 384.5 million by 2027, expanding at a CAGR of 6.8% during the forecast period 2020 - 2027. Explosion vents or panels are safety devices installed to protect equipment or buildings against extreme internal explosion-incurred pressures, by providing pressure relief.
These vents and panels relieve pressure instantly from their openings. Major applications of these vents and panels are dust, gas, or mist explosion. These vents and panels provide reliable relief at or below burst pressure, even when damaged.
They require little maintenance and are easy to replace. A few types of vents and panels are for single use, whereas some are reusable. These vents and panels are available in different shapes such as round, square, and rectangle and are available in varying dimensions and sizes. Rectangular shape panels come under with two different shapes such as rectangular domed and rectangular flat panels.
The rectangular domed explosion vents are designed for high vacuum and high-cycling applications such as dust collectors and bag houses. This design is more durable and negative pressure resistant without additional vacuum support. The rectangular flat vent is made from stainless steel and provides long-term durability.
Explosion Panels Market Dynamics
Increasing use of explosion panels by various end-user industries including oil & gas, automobile, and energy & mining is one of the major factors contributing to the market growth. Compulsion to adhere to the rules & regulations by industries for the protection from industrial fire or explosion going to affect the market. Several benefits and features provided by these panels over others substitutes are key factors expected to drive the growth of explosion panel market. Lack of awareness about such availability of safety systems among people and need for replacement of explosion panel after use are few factors hampering the market growth. Increasing demand for such panels by industries such as healthcare and power generation is projected to create ample opportunities in the market.
Increasing investments by various industries are expected to increase significantly to improve safety measures related to explosion and fire safety. Industrial safety plays a vital role in protecting their employees, workers, industrial environment, surrounding infrastructure, equipment, and assets. This, in turn, is propelling the demand for industrial safety equipment in the oil & gas, automotive, and construction industries.
Explosion Panels Market Segmental Outlook
On the basis of types, the global explosion panels market is categorized into Dome shape, and Flat Shape. The Flat panel segment held over half of the market share in 2019 and is expected to witness lucrative growth during the forecast period. The domed shaped single section metal explosion vents are known for having integral gaskets. A dome shape is formed to resist vacuum.
Both panels are available in flat, round, and rectangular design to be fixed on the structure for protection against explosion. It is designed for static or atmospheric pressure service conditions. These panels needs to be installed in a safety frame with vacuum support bars to resist vacuum or back-pressure. Both types of explosion panels/vents are suitable for positive pressures of up to 60% of the minimum burst pressure.
Based on applications, the market is segregated into dust explosion, gas explosion, and others. The gas explosion segment accounted for a market share of over 38% in 2019. As gas explosion can cause severe harm to industrial structure, workers, and surrounding area, installation of explosion panel is mandatory across various industries. Explosions are deadly hazards and can occur in several different industrial environments.
Explosion panels/vents are used for providing precaution against dust, gas explosion, mist explosion and others. It play important role in fire safety and reduce the possible harm caused by explosion.
Based on end-user industries, the market is fragmented into oil & gas, automobile, chemical, pharmaceutical, food & beverages, and others. The pharmaceutical segment is anticipated to expand at significant CAGR during the period from 2020 to 2027. The pharmaceutical industry is one of the important industries, as it provides lifesaving medicines and several essential products.
Companies operating in this industry are susceptible to the risk of dust, fire, and explosion at the manufacturing plant, as there are various raw materials and chemical compounds used in the pharmaceutical drug manufacturing. Many synthesis and sterilization procedures are performed in pharmaceutical industries, which increases the chances of boiler explosion and chemical explosion. These types of explosion can cause severe injuries, health issues, or death. Wall or roof panels can be used in such manufacturing companies to prevent damages occurring due to explosion.
Regional Outlook
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to grow at a significant pace during the forecast period, owing to the growth of a significant number of industries and increasing demand for explosion panels by these industries. Moreover, the market in the Middle East & Africa and Latin America is expected to grow at a high pace owing to the increase in industrialization and rise in oil & gas exploration and production activities.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Explosion Panels Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Explosion Panels Market Performance
Segments
By Types
- Flat Panel
- Dome Panel
By Applications
- Dust Explosion
- Gas Explosion
- Others
By End-user Industries
- Oil and Gas
- Automobile
- Chemical
- Pharmaceutical
- Food & Beverages
- Others
By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South East Asia (SEA)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Key Market Players Profiled in the Report
- Fike Corporation
- Construction Specialties, Inc.Char-Broil LLC
- Halma plcBull Outdoor Products
- BS&B Safety Systems, L.L.C.FIRE MAGIC
- Continental Disc CorporationKitchenAid
- Atex Explosionsschutz GmbHModern Home Products
- REMBEKenmore (Transform SR Brands LLC)
- Stif
- CV Technology
- alle rechten voorbehouden aan Stuvex
- Euratex
- DonadonSDD Srl
- RSBP Ltd.
- 4B GROUP
- ZOOK Enterprises, LLC.
- CMC Technologies Pty Limited
- FDC Co., Ltd.
- POPDISC
- Camfil APC
- Flexospan Steel Buildings, Inc.
Competitive Landscape
- Key players in the explosion panels market share include Fike Corporation, Construction Specialties, Inc., Halma plc, BS&B Safety Systems, L.L.C., Continental Disc Corporation, and Atex Explosionsschutz GmbH among others. These companies are considered as key manufacturers of explosion panels based on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, new product launches, and geographical expansion in order to strengthen their market position.
- In September 2018, Fike Corporation announced the opening of full-service office and manufacturing facility in JAFZA. This opening of fully-fledged office in Dubai helped the company to increase its operations and strengthen its presence in Middle East and North Africa (MENA).
- On February 18, 2020, Elfab which is a company of Halma plc entered into a partnership with Induchem for expanding Elfab’s market reach as well as pressure relief solutions offerings for process industries. This partnership is aimed at making Elfab’s product spectrum widely accessible in UK and Republic of Ireland.
Frequently Asked Questions
Additional company profiles can be provided on request.
Yes, the report covers product specific information such as Flat Panel and Dome Panel.
According to this Growth Market Reports report, the market from Explosion Panels is likely to register a CAGR of 6.8% during forecast period 2020-2027, with an anticipated valuation of USD 384.5 million by the end of the 2027.
The rising safety concerns about safe industrial operations and increasing use in the various end-user industries including oil & gas, automobile, and energy & mining are some of the factors driving the market growth.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The COVID-19 pandemic has negatively impacted the market growth during year 2019 -2020 to a major extent.
The base year considered for the global explosion panels market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Oil and gas, automobile, chemical, pharmaceutical, and food & beverages industries are the key end-users that are driving the explosion panels market growth.
Major Manufactures include Fike Corporation, Construction Specialties, Inc., Halma plc, BS&B Safety Systems, L.L.C., Continental Disc Corporation, and Atex Explosionsschutz GmbH among others.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Explosion Panels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Explosion Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Explosion Panels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Explosion Panels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Explosion Panels Market Size & Forecast, 2017-2027
4.5.1 Explosion Panels Market Size and Y-o-Y Growth
4.5.2 Explosion Panels Market Absolute $ Opportunity
Chapter 5 Global Explosion Panels Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Explosion Panels Market Size Forecast By Type
5.2.1 Dome Panel
5.2.2 Flat Panel
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Explosion Panels Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Explosion Panels Market Size Forecast By Application
6.2.1 Dust Explosion
6.2.2 Gas Explosion
6.2.3 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Explosion Panels Market Analysis and Forecast By End-user Industries
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End-user Industries
7.1.2 Basis Point Share (BPS) Analysis By End-user Industries
7.1.3 Absolute $ Opportunity Assessment By End-user Industries
7.2 Explosion Panels Market Size Forecast By End-user Industries
7.2.1 Oil and Gas
7.2.2 Automobile
7.2.3 Chemical
7.2.4 Pharmaceutical
7.2.5 Food & Beverages
7.2.6 Others
7.3 Market Attractiveness Analysis By End-user Industries
Chapter 8 Global Explosion Panels Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Explosion Panels Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Explosion Panels Analysis and Forecast
10.1 Introduction
10.2 North America Explosion Panels Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Explosion Panels Market Size Forecast By Type
10.6.1 Dome Panel
10.6.2 Flat Panel
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Explosion Panels Market Size Forecast By Application
10.10.1 Dust Explosion
10.10.2 Gas Explosion
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
10.14 North America Explosion Panels Market Size Forecast By End-user Industries
10.14.1 Oil and Gas
10.14.2 Automobile
10.14.3 Chemical
10.14.4 Pharmaceutical
10.14.5 Food & Beverages
10.14.6 Others
10.15 Basis Point Share (BPS) Analysis By End-user Industries
10.16 Absolute $ Opportunity Assessment By End-user Industries
10.17 Market Attractiveness Analysis By End-user Industries
Chapter 11 Europe Explosion Panels Analysis and Forecast
11.1 Introduction
11.2 Europe Explosion Panels Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Explosion Panels Market Size Forecast By Type
11.6.1 Dome Panel
11.6.2 Flat Panel
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Explosion Panels Market Size Forecast By Application
11.10.1 Dust Explosion
11.10.2 Gas Explosion
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
11.14 Europe Explosion Panels Market Size Forecast By End-user Industries
11.14.1 Oil and Gas
11.14.2 Automobile
11.14.3 Chemical
11.14.4 Pharmaceutical
11.14.5 Food & Beverages
11.14.6 Others
11.15 Basis Point Share (BPS) Analysis By End-user Industries
11.16 Absolute $ Opportunity Assessment By End-user Industries
11.17 Market Attractiveness Analysis By End-user Industries
Chapter 12 Asia Pacific Explosion Panels Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Explosion Panels Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Explosion Panels Market Size Forecast By Type
12.6.1 Dome Panel
12.6.2 Flat Panel
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Explosion Panels Market Size Forecast By Application
12.10.1 Dust Explosion
12.10.2 Gas Explosion
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
12.14 Asia Pacific Explosion Panels Market Size Forecast By End-user Industries
12.14.1 Oil and Gas
12.14.2 Automobile
12.14.3 Chemical
12.14.4 Pharmaceutical
12.14.5 Food & Beverages
12.14.6 Others
12.15 Basis Point Share (BPS) Analysis By End-user Industries
12.16 Absolute $ Opportunity Assessment By End-user Industries
12.17 Market Attractiveness Analysis By End-user Industries
Chapter 13 Latin America Explosion Panels Analysis and Forecast
13.1 Introduction
13.2 Latin America Explosion Panels Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Explosion Panels Market Size Forecast By Type
13.6.1 Dome Panel
13.6.2 Flat Panel
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Explosion Panels Market Size Forecast By Application
13.10.1 Dust Explosion
13.10.2 Gas Explosion
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
13.14 Latin America Explosion Panels Market Size Forecast By End-user Industries
13.14.1 Oil and Gas
13.14.2 Automobile
13.14.3 Chemical
13.14.4 Pharmaceutical
13.14.5 Food & Beverages
13.14.6 Others
13.15 Basis Point Share (BPS) Analysis By End-user Industries
13.16 Absolute $ Opportunity Assessment By End-user Industries
13.17 Market Attractiveness Analysis By End-user Industries
Chapter 14 Middle East & Africa (MEA) Explosion Panels Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Explosion Panels Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Explosion Panels Market Size Forecast By Type
14.6.1 Dome Panel
14.6.2 Flat Panel
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Explosion Panels Market Size Forecast By Application
14.10.1 Dust Explosion
14.10.2 Gas Explosion
14.10.3 Others
14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application
14.14 Middle East & Africa (MEA) Explosion Panels Market Size Forecast By End-user Industries
14.14.1 Oil and Gas
14.14.2 Automobile
14.14.3 Chemical
14.14.4 Pharmaceutical
14.14.5 Food & Beverages
14.14.6 Others
14.15 Basis Point Share (BPS) Analysis By End-user Industries
14.16 Absolute $ Opportunity Assessment By End-user Industries
14.17 Market Attractiveness Analysis By End-user Industries
Chapter 15 Competition Landscape
15.1 Explosion Panels Market: Competitive Dashboard
15.2 Global Explosion Panels Market: Market Share Analysis, 2019
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Fike Corporation
15.3.2 Construction Specialties, Inc.
15.3.3 Halma plc
15.3.4 BS&B Safety Systems, L.L.C.
15.3.5 Continental Disc Corporation
15.3.6 Atex Explosionsschutz GmbH
15.3.7 REMBE
15.3.8 Stif
15.3.9 CV Technology
15.3.10 alle rechten voorbehouden aan Stuvex
15.3.11 Euratex
15.3.12 DonadonSDD Srl
15.3.13 RSBP Ltd.
15.3.14 4B GROUP
15.3.15 ZOOK Enterprises, LLC.
15.3.16 CMC Technologies Pty Limited
15.3.17 FDC Co., Ltd.
15.3.18 POPDISC
15.3.19 Camfil APC
15.3.20 Flexospan Steel Buildings, Inc.
Methodology
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