Explosion Proof Equipment Market Potential Share, Demand and Analysis Of Key Players- Research Forecast To 2028

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The global Explosion Proof Equipment Market is forecasted to be worth USD 10.77 Billion by 2027, according to a current analysis by Emergen Research. The Explosion Proof Equipment market is forecasted to grow substantially throughout the forecast period due to the growing government policies in labor protection. The rising willingness to improve protection in industrialized areas is expected to further augment the market growth. Besides, The increasing concern for preventing explosions among several industries is also expected to boost the market growth. However, over the forecast timeline, the lack of standardization and increased cost of the security system poses as a market hindrance for explosion-proof equipment.

The report on the Global Explosion Proof Equipment Market initially offers an in-depth overview of the Explosion Proof Equipment Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.

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Key Highlights From The Report

  • In October 2020, Rockwell Automation Inc. has announced the acquisition of Oylo, a privately held supplier of industrial cybersecurity systems. In this rapidly developing market, the acquisition of Oylo further increases Rockwell’s global distribution platform and extends the range of cybersecurity services applicable to the industrial market.
  • Throughout the forecast timeframe, the prevention segment is anticipated to hold the largest market with a CAGR of 5.8%. It is the only appropriate protection method for Zone 0, and it functions in the context of Zone 1 or 2.
  • For the forecast timeframe, the gas explosion protection expected to be the largest market in the Explosion Proof Equipment Market as dangerous areas such as Zone 0, Zone 1, and Zone 2 can be protected by this.
  • Over the forecast period, the Zone 0 segment is expected to capture the largest market. An explosive atmosphere consisting of a mixture of air and flammable substances, in the form of gas, vapor, or mist, is continuously or regularly present in this zone for a prolonged period.
  • The segment of cable glands is expected to grow significantly over the forecast period since cable glands perform significant functions in managing cables.
  • Over the forecast period, the oil & gas industry is anticipated to hold the largest market, as the explosion-proof equipment is widely used in Liquefied Natural Gas plants and oil refinery.

The report highlights the current impact of COVID-19 on the Explosion Proof Equipment market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Explosion Proof Equipment according to the impact of COVID-19.

Major Players/Manufacturers profiled in the report are:

Honeywell International Inc., Rockwell Automation, Inc., ABB Ltd., Eaton Corporation Plc, Siemens AG, R Stahl AG, Hatch Transformers Inc, Pentair plc, Bartec GmbH, and Cortem S.p.A. among others.

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Emergen Research has segmented the global Explosion Proof Equipment Market on the basis of method, protection type, zone, application, end-use, and region:

  • Method Outlook (Revenue, USD Billion; 2017-2027)
    • Prevention
    • Containment
    • Segregation
  • Protection Type Outlook (Revenue, USD Billion; 2017-2027)
    • Gas Explosion Protection
    • Dust Explosion Protection
  • Zone Outlook (Revenue, USD Billion; 2017-2027)
    • Zone 0
    • Zone 1
    • Zone 2
    • Zone 12
    • Zone 20
    • Zone 21
    • Zone 22
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Lifting Systems
    • Cable Glands
    • Lighting Systems
    • Junction Boxes & Enclosures
    • Material Handling Systems
    • Switches & Sockets
    • HVAC
    • Panel Boards & Motor Starters
    • Surveillance & Monitoring Systems
    • Signaling Systems
    • Switchgear
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Mining
    • Pharmaceuticals & Chemicals
    • Energy & Power
    • Oil & Gas
    • Others

Regional Analysis of the Explosion Proof Equipment Market Includes:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The report offers a complete understanding of the Explosion Proof Equipment market in key regions with respect to regional production and consumption patterns, import/export, supply and demand dynamics, trends, growth prospects, and the presence of prominent players in each region. Each of the mentioned regions is analyzed based on the comprehensive market data obtained from the major countries of each region to impart a clear understanding of the market.

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The report offers insightful information about the market dynamics of the Explosion Proof Equipment market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Explosion Proof Equipment market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Explosion Proof Equipment market.

Key Coverage of the Explosion Proof Equipment Market:

  • Insightful information regarding the global Explosion Proof Equipment market
  • Identification of growth in various segments and sub-segments of the Explosion Proof Equipment market
  • Strategic recommendations for investment opportunities
  • The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
  • Emerging trends and current market segment analysis to help investors formulate new business strategies
  • Accelerates the decision-making process through the availability of the drivers and limitations

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

 

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