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Explosion Proof Equipment Market Size, Share & Growth [2031]
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Explosion Proof Equipment Market Size, Share & Growth [2031]

Segments - Explosion Proof Equipment Market by Method of Protection (Explosion Proof, Explosion Prevention, and Explosion Segregation), Hazardous Zones (Zone 0, Zone 20, and Zone 1), End-users (Pharmaceutical, Chemical and Petrochemical, Mining, Energy and Power), Systems (Power Supply Systems, Material Handling, Motor, Automation Systems, Surveillance Systems, and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Upcoming | Report ID :EP-1353 | 4.3 Rating | 61 Reviews | 190 Pages | Format : PDF Excel PPT

Report Description


Explosion Proof Equipment Market Outlook 2031 

The Explosion Proof Equipment Market was USD 7.27 Billion in 2022 and is likely to reach USD 9.82 Billion by 2031, expanding at a CAGR of 3.4% during 2023 – 2031. The growth of the market is attributed to Increasing demand for integrated systems and rapid development in the automation sector. Moreover, ongoing innovation in the industrial sector is driving the market growth.

Combustible dust, flammable gases, and mists or vapors can potentially contribute explosive atmospheres in the workplace. Thus, to prevent the explosion, explosion-proof equipment and systems, including control and regulation devices, protective components, equipment and systems are required in the space.

Explosion Proof Equipment Market Outlook

  • Stringent government regulations to maintain workplace safety is one of the major drivers that is contributing to the growth of the market.
  • Increasing consumption of energy is expected to augment the market growth.
  • Lack of standardization can restrain the growth of the market.
  • The outbreak of COVID-19 has negatively impacted the global explosion proof equipment market. This is due to the supply chain disruption. However, it is expected to recover soon.
  • The installation of explosion proof systems & solutions within the various industry verticals is an ongoing trend in the explosion proof equipment market, creating lucrative opportunities for the industry players in the projected timeline.

Scope of Explosion Proof Equipment Market Report

The report on the global explosion proof equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Explosion Proof Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Method of Protection (Explosion Proof, Explosion Prevention, and Explosion Segregation), Hazardous Zones (Zone 0, Zone 20, and Zone 1), End-users (Pharmaceutical, Chemical and Petrochemical, Mining, Energy and Power), Systems (Power Supply Systems, Material Handling, Motor, Automation Systems, Surveillance Systems, and Others)

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ABB Group, Rockwell Automation Inc., R. Stahl AG, Bartec Group, Adalet, Siemens AG, Intertek Group Plc, Pepperl + Fuchs GmbH, and Cooper Industries (Eaton).

Global Explosion Proof Equipment Market Segment Insights

Explosion proof segment to grow at a rapid pace

Based on method of protection, the market is divided into explosion proof, explosion prevention, and explosion segregation. The explosion proof segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period. Explosion proof systems are constructed in such a way that an internal ignition of a flammable atmosphere is not transmitted outside the enclosure, thereby preventing the ignition of surrounding flammables.

Explosion Proof Equipment Market Method of Protections

Zone 20 segment to hold a major market share

On the basis of hazardous zones, the market is divided into zone 0, zone 20, and zone 1. The zone 20 segment is anticipated to account for a major market share due to the high adoption of explosion proof equipment in hazardous location to increase safety and better productivity. For instance, the explosion proof junction box offered by IPSI is widely used in hazardous locations that connect wells and differential-mode spark gaps on insulating joints.

Mining segment to account a significant market share

In terms of end-users, the market is segregated into pharmaceutical, chemical and petrochemical, mining, and energy and power. The mining segment is anticipated to account for a significant market share due to high risk of fire or explosion hazards. This is owing to presence of flammable gases, combustible liquid–produced vapors, flammable liquid–produced vapors, combustible dusts, and ignitable fibers/ flying particles present in the air in enough quantities to produce explosive mixtures, which may ignite on exposure to extreme conditions of temperature and pressure.

Explosion Proof Equipment Market End Users

Automation systems segment to dominate the market

Based on systems, the market is divided into power supply systems, material handling, motor, automation systems, surveillance systems, and others. The automation systems is projected to grow significantly owing to availability of various explosion proof applicable systems, such as junction boxes, generation and distribution systems, lifting systems, and lighting systems. There are three explosion protection methods, namely limiting energy, explosion containment, and explosion segregation protection. These methods are used when the explosion is confined to a specific area.

North America to hold a considerable market share

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for a considerable market share owing to the presence of multiple pharmaceutical manufacturing facilities. Companies are expected to comply with the strict standards set by FDA and are adopting explosion proof machinery in the hazardous locations. 

Explosion Proof Equipment Market Regions

Segments

The Global explosion proof equipment have been segmented on the basis of

Method of Protections

  • Explosion Proof
  • Explosion Prevention
  • Explosion Segregation

Hazardous Zones

  • Zone 0
  • Zone 20
  • Zone 1

End-users

  • Pharmaceutical
  • Chemical and Petrochemical
  • Mining
  • Energy and Power

Systems

  • Power Supply Systems
  • Material Handling
  • Motor
  • Automation Systems
  • Surveillance Systems
  • Others

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Players

Competitive Landscape

The major players of the market are ABB Group, Rockwell Automation Inc., R. Stahl AG, Bartec Group, Adalet, Siemens AG, Intertek Group Plc, Pepperl + Fuchs GmbH, and Cooper Industries (Eaton).

Companies are investing in research and development, and focusing on engaging in mergers, expansions, acquisitions, and partnerships to expand their market share.

Explosion Proof Equipment Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Explosion Proof Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Explosion Proof Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Explosion Proof Equipment Market - Supply Chain
  4.5. Global Explosion Proof Equipment Market Forecast
     4.5.1. Explosion Proof Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Explosion Proof Equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Explosion Proof Equipment Market Absolute $ Opportunity
5. Global Explosion Proof Equipment Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Explosion Proof Equipment Market Size and Volume Forecast by End Users
     5.3.1. Pharmaceutical Chemical and Petrochemical Mining Energy and Power
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Explosion Proof Equipment Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Explosion Proof Equipment Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Explosion Proof Equipment Demand Share Forecast, 2019-2026
7. North America Explosion Proof Equipment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Explosion Proof Equipment Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Explosion Proof Equipment Market Size and Volume Forecast by End Users
     7.4.1. Pharmaceutical Chemical and Petrochemical Mining Energy and Power
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Explosion Proof Equipment Demand Share Forecast, 2019-2026
8. Latin America Explosion Proof Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Explosion Proof Equipment Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Explosion Proof Equipment Market Size and Volume Forecast by End Users
     8.4.1. Pharmaceutical Chemical and Petrochemical Mining Energy and Power
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Explosion Proof Equipment Demand Share Forecast, 2019-2026
9. Europe Explosion Proof Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Explosion Proof Equipment Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Explosion Proof Equipment Market Size and Volume Forecast by End Users
     9.4.1. Pharmaceutical Chemical and Petrochemical Mining Energy and Power
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Explosion Proof Equipment Demand Share Forecast, 2019-2026
10. Asia Pacific Explosion Proof Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Explosion Proof Equipment Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Explosion Proof Equipment Market Size and Volume Forecast by End Users
     10.4.1. Pharmaceutical Chemical and Petrochemical Mining Energy and Power
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Explosion Proof Equipment Demand Share Forecast, 2019-2026
11. Middle East & Africa Explosion Proof Equipment Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Explosion Proof Equipment Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Explosion Proof Equipment Market Size and Volume Forecast by End Users
     11.4.1. Pharmaceutical Chemical and Petrochemical Mining Energy and Power
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Explosion Proof Equipment Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Explosion Proof Equipment Market: Market Share Analysis
  12.2. Explosion Proof Equipment Distributors and Customers
  12.3. Explosion Proof Equipment Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. R. STAHL AG Marechal Electric Group RAE Systems (Honeywell) Pepperl+Fuchs GmbH Intertek Group PLC Cooper industries  

Methodology

Our Clients

FedEx Logistics
Siemens Healthcare
Nestle SA
General Electric
Microsoft
Honda Motor Co. Ltd.
The John Holland Group
General Mills