PUBLISHER: IMARC | PRODUCT CODE: 1287577
PUBLISHER: IMARC | PRODUCT CODE: 1287577
Explosion Proof Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global explosion proof equipment market size reached US$ 10,145 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 14,555 Million by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Explosion proof equipment prevents unwanted ignition of flammable substances by monitoring the use of robust materials and proactive builds in hazardous locations. It consists of conduit entries and flanged joints, which can operate under extreme external temperature and withstand an explosion of a specified gas or vapor. It is made using copper-aluminum alloys, silver, aluminum, and stainless and galvanized steel that are durable, non-sparking, and resistant to corrosion, solvents, humidity, moisture, and abrasive cleaning liquids. Several manufacturers are currently introducing explosion-proof equipment manufactured with non-metallic materials like plastics, wood, leather, and thermoplastic polymers.
Explosion Proof Equipment Market Trends:
Electrical sparks are one of the common sources of ignition in various machines and tools used inside an industrial facility. This, in confluence with stringent regulations imposed by governing agencies of numerous countries to ensure the safety of workers and the environment, represent one of the significant factors contributing to the market growth. Apart from this, oil and gas service companies rely on explosion proof equipment to prevent hazardous conditions, such as exposure to flammable gases, the release of hydrocarbon, and contact with harmful substances. Moreover, a considerable rise in the demand for energy and rapid surge in installations of offshore oil production sites are fueling the adoption of explosion proof equipment to conduct day-to-day oil and gas extractions safely. Besides this, market players are designing equipment that provides remote solutions while performing tasks, such as iron roughnecks, rig tong controls, crane and hoist operations, cement head pumps, rotary tables, and drill hydraulics and pneumatics. Furthermore, they are launching automated products with spark-resistant devices, signaling systems, media converts, and industrial monitors that can work in harsh conditions. These innovations are anticipated to influence the overall sales positively.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global explosion proof equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on protection method, applicable system and industry vertical.
Breakup by Protection Method:
Explosion Prevention
Explosion Containment
Explosion Segregation
Breakup by Applicable System:
Cable Glands
Junction Boxes and Enclosures
Lifting and Material Handling System
Lighting System
Automation System
Surveillance and Monitoring System
Signaling Devices
Others
Breakup by Industry Vertical:
Oil and Gas
Pharmaceutical
Manufacturing
Marine
Mining
Food Processing
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Adalet, Bosch Rexroth AG (Robert Bosch GmbH), Eaton Corporation PLC, Emerson Electric Co., Excalibur Miretti Group LLC, Extronics Ltd, Honeywell International Inc., Johnson Controls, Parker Hannifin Corporation, Pepperl+Fuchs SE, Rockwell Automation Inc. and Siemens AG.
Key Questions Answered in This Report
1. What was the size of the global explosion proof equipment market in 2022?
2. What is the expected growth rate of the global explosion proof equipment market during 2023-2028?
3. What has been the impact of COVID-19 on the global explosion proof equipment market?
4. What are the key factors driving the global explosion proof equipment market?
5. What is the breakup of the global explosion proof equipment market based on the protection method?
6. What is the breakup of the global explosion proof equipment market based on industry vertical?
7. What are the key regions in the global explosion proof equipment market?
8. Who are the key players/companies in the global explosion proof equipment market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Explosion Proof Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Protection Method
- 6.1 Explosion Prevention
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Explosion Containment
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Explosion Segregation
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Applicable System
- 7.1 Cable Glands
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Junction Boxes and Enclosures
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Lifting and Material Handling System
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Lighting System
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Automation System
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Surveillance and Monitoring System
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Signaling Devices
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Others
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
8 Market Breakup by Industry Vertical
- 8.1 Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Pharmaceutical
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Manufacturing
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Marine
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Mining
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Food Processing
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Adalet
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Bosch Rexroth AG (Robert Bosch GmbH)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 SWOT Analysis
- 14.3.3 Eaton Corporation PLC
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Emerson Electric Co.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Excalibur Miretti Group LLC
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Extronics Ltd
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Honeywell International Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Johnson Controls
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Parker Hannifin Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Pepperl+Fuchs SE
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Rockwell Automation Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Siemens AG
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Adalet
List of Figures
- Figure 1: Global: Explosion Proof Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Explosion Proof Equipment Market: Breakup by Protection Method (in %), 2022
- Figure 5: Global: Explosion Proof Equipment Market: Breakup by Applicable System (in %), 2022
- Figure 6: Global: Explosion Proof Equipment Market: Breakup by Industry Vertical (in %), 2022
- Figure 7: Global: Explosion Proof Equipment Market: Breakup by Region (in %), 2022
- Figure 8: Global: Explosion Proof Equipment (Explosion Prevention) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Explosion Proof Equipment (Explosion Prevention) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Explosion Proof Equipment (Explosion Containment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Explosion Proof Equipment (Explosion Containment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Explosion Proof Equipment (Explosion Segregation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Explosion Proof Equipment (Explosion Segregation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Explosion Proof Equipment (Cable Glands) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Explosion Proof Equipment (Cable Glands) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Explosion Proof Equipment (Junction Boxes and Enclosures) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Explosion Proof Equipment (Junction Boxes and Enclosures) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Explosion Proof Equipment (Lifting and Material Handling System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Explosion Proof Equipment (Lifting and Material Handling System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Explosion Proof Equipment (Lighting System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Explosion Proof Equipment (Lighting System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Explosion Proof Equipment (Automation System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Explosion Proof Equipment (Automation System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Explosion Proof Equipment (Surveillance and Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Explosion Proof Equipment (Surveillance and Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Explosion Proof Equipment (Signaling Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Explosion Proof Equipment (Signaling Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Explosion Proof Equipment (Other Applicable Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Explosion Proof Equipment (Other Applicable Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Explosion Proof Equipment (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Explosion Proof Equipment (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Explosion Proof Equipment (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Explosion Proof Equipment (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Explosion Proof Equipment (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Explosion Proof Equipment (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Explosion Proof Equipment (Marine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Explosion Proof Equipment (Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Explosion Proof Equipment (Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Explosion Proof Equipment (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Explosion Proof Equipment (Food Processing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Explosion Proof Equipment (Food Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Explosion Proof Equipment (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Explosion Proof Equipment (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: North America: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: North America: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: United States: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: United States: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Canada: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Canada: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Asia-Pacific: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Asia-Pacific: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: China: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: China: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Japan: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Japan: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: India: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: India: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: South Korea: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: South Korea: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Australia: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Australia: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Indonesia: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Indonesia: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Europe: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Europe: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Germany: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Germany: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: France: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: France: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: United Kingdom: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: United Kingdom: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Italy: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Italy: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Spain: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Spain: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Russia: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Russia: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Latin America: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Latin America: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Brazil: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Brazil: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Mexico: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Mexico: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Others: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Others: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Middle East and Africa: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Middle East and Africa: Explosion Proof Equipment Market: Breakup by Country (in %), 2022
- Figure 92: Middle East and Africa: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 93: Global: Explosion Proof Equipment Industry: SWOT Analysis
- Figure 94: Global: Explosion Proof Equipment Industry: Value Chain Analysis
- Figure 95: Global: Explosion Proof Equipment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Explosion Proof Equipment Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Explosion Proof Equipment Market Forecast: Breakup by Protection Method (in Million US$), 2023-2028
- Table 3: Global: Explosion Proof Equipment Market Forecast: Breakup by Applicable System (in Million US$), 2023-2028
- Table 4: Global: Explosion Proof Equipment Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 5: Global: Explosion Proof Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Explosion Proof Equipment Market: Competitive Structure
- Table 7: Global: Explosion Proof Equipment Market: Key Players
