PUBLISHER: Grand View Research | PRODUCT CODE: 1376128
PUBLISHER: Grand View Research | PRODUCT CODE: 1376128
Explosion Proof Equipment Market Size, Share & Trends Analysis Report By Protection Method (Explosion Prevention, Explosion Containment), By Industry (Mining, Oil & Gas), By System, By Region, And Segment Forecasts, 2023 - 2030
Explosion Proof Equipment Market Growth & Trends:
The global explosion proof equipment market size is anticipated to reach USD 11.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030, according to a new report by Grand ViewResearch, Inc. The rising industrial activities and the expansion of the energy and power generation sector worldwide are expected to fuel the demand for explosion proof equipment over the forecast period. Moreover, increasing compliance with the strict safety regulations imposed by government regulating bodies across the globe is positively impacting the market growth. To improve the workers' safety, various companies in the end-use industry are adhering to the rules and regulations and installing explosion proof equipment in their premises.
Mandatory safety regulations established by authoritative agencies like the Occupational Safety and Health Administration (OSHA), and the National Fire Protection Association (NFPA), having presence in the U.S. and Canada, necessitate the utilization of explosion-proof equipment in explosion-prone environments. Among the key components of explosion prevention equipment are electrical enclosures and duct collectors which are meticulously engineered to contain any potential explosions that may occur within them. These enclosures are sealed tightly to prevent the escape of sparks, arcs, or flames.
The increase in mining activities across the globe is another driver of the market as the use of explosion proof equipment in the industry is essential to protect the chances of explosion due to the presence of inflammable gases and oxygen. Explosion proof electrical equipment such as electrical enclosures are used to eliminate the risk of electrical sparks or arcs that could potentially ignite the mixture of flammable gases and oxygen.
Within the explosion proof equipment industry, monitoring systems encompass specialized devices and technologies engineered for overseeing and regulating various safety and operational aspects in hazardous environments. By delivering real-time data they empower operators and safety personnel to promptly and efficiently address potential hazards. With the growth in the industrial corridors in various sectors such as food processing and pharmaceuticals across the globe, the demand for explosion proof equipment to monitor operations is expected to increase.
Explosion Proof Equipment Market Report Highlights:
- Based on protection method, the explosion prevention segment held the highest market share of 45.1% in 2022.Explosion prevention equipment is precisely designed to reduce the likelihood of igniting flammable gases, vapors, dust, or fibers, thereby minimizing the risk of explosions
- Based on industry, the mining segment held the highest market share of 21.6% in 2022. Explosion proof control panels and enclosures are used to house the control systems that operate various mining machinery and equipment
- Based on systems, the junction-box segment is expected to show a lucrative CAGR over the forecasted period. These boxes and enclosures are designed to house electrical connections, switches, and other sensitive components while ensuring that, they should not become ignition sources in potentially explosive atmospheres
- Asia Pacific region is anticipated to grow at the fastest CAGR from 2023 to 2030. Increasing mining activities, manufacturing industry, chemical processing industries, and food processing industries are expected to drive the market in the region
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Explosion Proof Equipment Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Segmentation & Scope
- 3.3. Penetration & Growth Prospect Mapping
- 3.4. Systems Value Chain Analysis
- 3.5. Vendor Matrix
- 3.6. Regulatory Framework
- 3.7. Explosion Proof Equipment Market - Market dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Market Opportunity Analysis
- 3.7.4. Market Challenges Analysis
- 3.8. Systems Analysis Tools: Explosion Proof Equipment Market
- 3.8.1. Porter's Analysis
- 3.8.2. Macroeconomic Analysis
- 3.9. Economic Mega Trend Analysis
Chapter 4. Explosion Proof Equipment Market: Protection Method Estimates & Trend Analysis
- 4.1. Protection Method Movement Analysis & Market Share, 2022 & 2030
- 4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2. Explosion Prevention
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Explosion Containment
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. Explosion Segregation
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Explosion Proof Equipment Market: Industry Estimates & Trend Analysis
- 5.1. Industry Movement Analysis & Market Share, 2022 & 2030
- 5.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.2. Pharmaceuticals
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Mining
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Oil & Gas
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. Manufacturing
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.6. Food Processing
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.7. Energy & Power
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.8. Chemical & Petrochemical
- 5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.9. Others
- 5.9.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Explosion Proof Equipment Market: Systems Estimates & Trend Analysis
- 6.1. Systems Movement Analysis & Market Share, 2022 & 2030
- 6.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.2. Junction Boxes & Enclosures
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. Lighting Systems
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4. Monitoring Systems
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5. Signaling Devices
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6. Automation Systems
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.7. Cable Glands
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.8. HVAC Systems
- 6.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.9. Others
- 6.9.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Explosion Proof Equipment Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Germany
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. UK
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. France
- 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.5. Spain
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.6. Italy
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. Japan
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. India
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. South Korea
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. Australia
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.3. Argentina
- 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. UAE
- 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. South Africa
- 7.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.4. Saudi Arabia
- 7.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Explosion Proof Equipment Market - Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Key Company/Competition Categorization
- 8.3. Participant's Overview
- 8.4. Financial Overview
- 8.5. Protection Method Benchmarking
- 8.6. Company Market Positioning
- 8.7. Competitive Dashboard Analysis
- 8.8. Company Market Share Analysis, 2022
- 8.9. Company Heat Map Analysis
- 8.10. Strategy Mapping
Chapter 9. Company Profiles
- 9.1. Adalet
- 9.2. Siemens
- 9.3. Honeywell International Plc.
- 9.4. Rockwell Automation Inc.
- 9.5. ABB
- 9.6. Eaton Corporation
- 9.7. Emerson Electric Co.
- 9.8. Waram Technology Inc.
- 9.9. WorkSite Lighting
- 9.10. Extronics Ltd.
- 9.11. Allay Industry Co. Ltd.
- 9.12. Tomar Electronics Inc.
- 9.13. Potter Electric Signal Co. LLC
- 9.14. Federal Signal Corporation
- 9.15. Pepperl+Fuchs SE
List of Tables
- 1. Explosion proof equipment market estimates and forecasts, by protection method, 2018 - 2030 (USD Billion)
- 2. Explosion proof equipment market estimates and forecasts, by industry, 2018 - 2030 (USD Billion)
- 3. Explosion proof equipment market estimates and forecasts, by system, 2018 - 2030 (USD Billion)
- 4. Explosion proof equipment market estimates and forecasts, by regional, 2018 - 2030 (USD Billion)
- 5. Recent developments & impact analysis, by key market participants
- 6. U.S. macroeconomic outlook
- 7. Canada macroeconomic outlook
- 8. Mexico macroeconomic outlook
- 9. Germany macroeconomic outlook
- 10. UK macroeconomic outlook
- 11. Germany Francemacroeconomic outlook
- 12. Spain macroeconomic outlook
- 13. Italy macroeconomic outlook
- 14. China macroeconomic outlook
- 15. India macroeconomic outlook
- 16. Japan macroeconomic outlook
- 17. South Korea macroeconomic outlook
- 18. Australia macroeconomic outlook
- 19. Brazil macroeconomic outlook
- 20. Argentina macroeconomic outlook
- 21. UAE macroeconomic outlook
- 22. South Africa macroeconomic outlook
- 23. Saudi Arabia macroeconomic outlook
- 24. Company market share, 2022
- 25. Company heat map analysis, 2022
List of Figures
- 1. Information Procurement
- 2. Primary Research Pattern
- 3. Primary Research Protection Method
- 4. Market Research Approaches - Bottom Up Approach
- 5. Market Research Approaches - Top-Down Approach
- 6. Market Research Approaches - Combined Approach
- 7. Market Outlook
- 8. Segmental Outlook
- 9. Competitive Insights
- 10. Market Segmentation & Scope
- 11. Penetration and Growth Prospect Mapping
- 12. Systems Value Chain Analysis
- 13. Market Driver Analysis
- 14. Market Restraint Analysis
- 15. Explosion Proof Equipment Market: Protection Method Movement Analysis, 2022 & 2030
- 16. Explosion Proof Equipment Market: Industry Movement Analysis, 2022 & 2030
- 17. Explosion Proof Equipment Market: Systems Movement Analysis, 2022 & 2030
- 18. Explosion Proof Equipment Market: Regional Movement Analysis, 2022 & 2030
- 19. Key Company/Competition Categorization
- 20. Competitive Dashboard Analysis
- 21. Market Position Analysis
