Explosion Proof Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Explosion Proof Equipment Trends and Forecast

The future of the global explosion proof equipment market looks promising with opportunities in the oil & gas, chemical & pharmaceutical, food & beverage, and energy & power, and mining markets. The global explosion proof equipment market is expected to reach an estimated $11.8 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are growing adoption of automation among enterprises, increasing concern towards industrial safety, and continual expansion of industrial sectors.

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Explosion Proof Equipment by Segment

The study includes a forecast for the global explosion proof equipment by product, connectivity service, end use industry, and region.

Explosion Proof Equipment Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Cable Glands & Accessories
• Process Instruments
• Industrial Controls
• Motors
• Strobe Beacons
• Lighting Products
• Sensors
• Bells & Horns
• Fire Alarms/Call Points
• Others

Explosion Proof Equipment Market by Connectivity Service [Shipment Analysis by Value from 2018 to 2030]:

• Wired
• Wireless

Explosion Proof Equipment Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Oil & Gas
• Chemicals & Pharmaceuticals
• Food & Beverages
• Energy & Power
• Mining
• Others

Explosion Proof Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Explosion Proof Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies explosion proof equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the explosion proof equipment companies profiled in this report include-

• ABB
• Eaton
• R. STAHL
• Marechal Electric
• RAE Systems

Explosion Proof Equipment Market Insights

Lucintel forecasts that wireless is expected to witness the highest growth over the forecast period.

Within this market, mining is expected to witness the highest growth.

North America is expected to witness highest growth over the forecast period.

Features of the Global Explosion Proof Equipment Market

Market Size Estimates: Explosion proof equipment market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Explosion proof equipment market size by product, connectivity service, end use industry , and region in terms of value ($B).

Regional Analysis: Explosion proof equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, connectivity service, end use industry , and regions for the explosion proof equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the explosion proof equipment market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the explosion proof equipment market size?

Answer: The global explosion proof equipment market is expected to reach an estimated $11.8 billion by 2030.

Q2. What is the growth forecast for explosion proof equipment market?

Answer: The global explosion proof equipment market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the explosion proof equipment market?

Answer: The major drivers for this market are growing adoption of automation among enterprises, increasing concern towards industrial safety and continual expansion of industrial sectors.

Q4. What are the major segments for explosion proof equipment market?

Answer: The future of the explosion proof equipment market looks promising with opportunities in the oil & gas, chemical & pharmaceutical, food & beverage, and energy & power, and mining markets.

Q5. Who are the key explosion proof equipment market companies?

Answer: Some of the key explosion proof equipment companies are as follows:

• ABB
• Eaton
• R. STAHL
• Marechal Electric
• RAE Systems

Q6. Which explosion proof equipment market segment will be the largest in future?

Answer: Lucintel forecasts that wireless is expected to witness the highest growth over the forecast period.

Q7. In explosion proof equipment market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the explosion proof equipment market by product (cable glands & accessories, process instruments, industrial controls, motors, strobe beacons, lighting products, sensors, bells & horns, fire alarms/call points, and others), connectivity service (wired and wireless), end use industry (oil & gas, chemicals & pharmaceuticals, food & beverages, energy & power, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?