Market Research Report
Explosion Proof Equipment in Automation & Control Systems Market - Forecast (2020 - 2025)
|Published by||IndustryARC||Product code||351108|
|Published||Content info||112 Pages
Delivery time: 2-3 business days
|Explosion Proof Equipment in Automation & Control Systems Market - Forecast (2020 - 2025)|
|Published: March 11, 2020||Content info: 112 Pages||
Explosion Proof equipment are those installed to overcome the risks of explosion caused due to various reasons. It is necessary to install these equipment in every building and residential complexes so as to provide safe work environment. The market for explosion proof equipment was valued at $5.8 billion in the year 2017 and is estimated to reach by $7.9 billion by 2023 at an estimated CAGR of 5.3%. Zone 1 segment held the largest share in the market in 2017 that is by contributing 32.9% of the total market share. Zone 1 segment is estimated to grow at a CAGR of 4.4%. Oil & Gas and chemicals industries held the major share in the market. Europe has been the largest contributor with an overall share of 38.9% in the global explosion proof equipment market followed by the APAC regions.
Explosion Proof Equipment in Automation & Control System has been segmented in various types such as the protection principle, area of classification, temperature class and many others. There are various systems available in the explosion proof applicable systems such as junction boxes, generation and distribution systems, lifting systems, lighting systems and many others. There are three explosion protection principles namely limiting energy, explosion containment and explosion segregation protection principles. These methods are used when the explosion is confined to a specific area. There are three classes based on the flammable substances found in the hazardous locations such as class 1, class 2, class 3.
The increasing exploration of new mining sites has been the major growth driver for the explosion proof equipment industry. Coal is the major reason for the generation of power and the exploration of these new sites will help in generating much power. Simultaneously, there is also a rise in the safety regulations for protecting the mine workers. The increasing risk in the automation sector for precision machining is also a driver for the explosion proof equipment market due to the increasing explosive risks in the hazardous areas.
One of the major challenges in this market are the regulations set by their respective governing bodies in terms of designing, testing and installation of the explosion proof products in the hazardous areas. Apart from the regulations set by IEC and ATEX, these regulations are creating a havoc to the manufacturers of these equipment. The process for obtaining certification for a particular product by the manufacturers has also been the greatest challenge in the market.
explosion proof equipment in automation & Control Systems Market
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Explosion Proof Equipment in Automation & Control System Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.
Explosion Proof Equipment in Automation & Control System (SAP) Market Report: Industry Coverage
Explosion Proof Equipment in Automation & Control System Market-By Classification: Protection principle, protection types, explosion proof, explosion segregation, flammable substances.
Explosion Proof Equipment in Automation & Control System Market-By Application: Pressurization, encapsulation, oil immersion protection, powder filling protection and others.
Explosion Proof Equipment in Automation & Control System Market - By End user: Automotive, pharmaceuticals, oil & gas, mining industry, chemical industry, paints and others.
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
Some of the Key players in this market that have been studied for this report include: Eaton Corporation, Emerson electric Co., Rockwell Automation Inc., Pentair PLC, ABB Ltd., Siemens AG, E2S Warning Signals LLC, Hawke International and many others.
Market Research and Market Trends of Explosion Proof Equipment in Automation & Control System Market
Siemens AG has developed a new product called Simotics XP generation which is a technologically integrated platform comprising all explosion-prooflow-voltage motor. This equipment can be used in the explosive environments in the processing industries. The life cycle costs were also cut down for this equipment and has also improved maintenance and motor availability conditions.
Eaton Corporation has introduced new MTL 830 multiplexers for zone 0 hazardous area. This multiplexer avoids the need of isolating instrument loop and also reduces the cost of wiring. These multiplexers are usually placed near the field instruments in an IP65 enclosure. The added advantages over using these multiplexers is it reduces installation time and cost.
PEPPERL+FUCHS, a key player in the explosion proof equipment has launched a new product in its GR series called GRP Enclosure. This product is a glass fiber reinforced polyester enclosure series and can withstand temperatures up to -600 C temperature. It is also a cost-effective alternative to the stainless steel enclosures and also has flexible configuration which in turn reduces the planning effort.
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