South & Central America Explosion-Proof Equipment Market Forecast to 2031 - Regional Analysis - by Systems, Protection Method, and Industry

Description

List of Tables

The South & Central America explosion proof equipment market was valued at US$ 149.50 million in 2023 and is expected to reach US$ 215.99 million by 2031; it is estimated to register a CAGR of 4.7% from 2023 to 2031.

Integration of IoT Fuels South & Central America Explosion Proof Equipment Market

Over the period, Internet of Things (IoT) has emerged as the most popular trend, and it is nearly associated with every technology. Whether in manufacturing or other industries, IoT is linked to everything. Construction, manufacturing, and agriculture industries tend to have the highest incident/accident rates. There are various risks associated with working in hazardous areas. Moreover, accidents at factories cost millions of dollars in medical expenses, damaged goods, and high insurance premiums every year for operators and workers.

Factories have multiple interconnected machines and devices working simultaneously, and a minor lapse in judgment can lead to deadly outcomes. Hence, many businesses are now creating IoT-enabled environments to remove the guesswork from manual processes. Smart monitoring allows workers to make correct decisions and, at the same time, stay out of the risk.

IoT systems offer multiple benefits for businesses, including improving the use of equipment, reducing incidents due to damaged machinery, and monitoring toxic substances. IoT devices allow workers to monitor all industrial processes without coming close to dangerous equipment by deploying a number of Wi-Fi-enabled beacons attached to the machines. IoT detects damaged machinery with the help of implanted sensors. Sensors help in the monitoring and detection of physical parameters of any machinery, including voltage, temperature, and humidity, in real time.

IoT-based intelligent lighting systems are emerging. The lighting industry, notably the explosion-proof lighting segment, has profited tremendously from the IoT. The IoT improves the operation and safety of explosion-proof lighting. The integration of IoT with explosion-proof lighting enables the remote monitoring and control of lighting installations. Therefore, with the evolution of Industry 4.0, the use of IoT in factories is expected to increase to provide safety to the workers and operators.

South & Central America Explosion Proof Equipment Market Overview

The SAM explosion-proof equipment market is segmented into Brazil, Argentina, and the Rest of SAM. The rising construction and developments of infrastructure and oil and gas plants in the region are creating the need for explosion-proof equipment such as safety plugs and switches, signaling devices, monitoring systems, and lighting systems. For instance, in September 2022, Petronas signed a memorandum of understanding (MoU) with Argentina's largest integrated oil and gas company, YPF, to pursue collaboration in the South American nation in an integrated LNG project and other areas, including upstream oil, petrochemicals, and clean energy solutions. The project involves the construction of an LNG plant with a gas production capacity of 25,000 million tons per year in Argentina.

The construction industry in the region is expected to grow rapidly, signifying rapid real estate and infrastructure development during the forecast period. With the growing construction activities across the region, the number of construction plants is also increasing, which is propelling the growth of the explosion-proof equipment market in SAM. Moreover, the governments of several nations in the region are focusing on the development of construction of infrastructural projects. For instance, the country's foreign investment promotion agency, InvestChile, launched a total of 54 infrastructure projects that have created investment opportunities in Chile. The projects include the construction of highways, air terminals, and other public facilities. Therefore, a surge in the economy and government focus on the construction of infrastructural projects is driving the growth of the explosion-proof equipment market in the region.

South & Central America Explosion Proof Equipment Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Explosion Proof Equipment Market Segmentation

The South & Central America explosion proof equipment market is categorized into systems, protection method, industry, and country.

Based on systems , the South & Central America explosion proof equipment market is segmented into junction boxes and enclosures, lighting system, monitoring system, signaling devices, automation system, cable glands, HVAC systems, and others . The cable glands segment held the largest market share in 2023. The monitoring system segment is further sub segmented into cameras, data loggers, sensors, and others.

In terms of protection method , the South & Central America explosion proof equipment market is segmented into explosion prevention, explosion containment, and explosion segregation. The explosion prevention segment held the largest market share in 2023.

By industry, the South & Central America explosion proof equipment market is segmented into oil and gas, manufacturing, mining, chemical and petrochemical, energy and power, pharmaceutical, water and wastewater management, and others. The oil and gas segment held the largest market share in 2023.

By country, the South & Central America explosion proof equipment market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America explosion proof equipment market share in 2023.

ABB Ltd; Emerson Electric Co; Pepperl+Fuchs SE; Honeywell International Inc; Xylem Inc.; OMEGA Engineering, Inc.; BARTEC Top Holding GmbH; Rockwell Automation Inc; Siemens AG; Schneider Electric SE; and the Detector Electronics, LLC. are some of the leading companies operating in the South & Central America explosion proof equipment market.

Product Code: TIPRE00028746

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. South & Central America Explosion-Proof Equipment Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in Value Chain:

5. South & Central America Explosion-Proof Equipment Market - Key Market Dynamics

5.1 South & Central America Explosion-Proof Equipment Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Growth of Oil & Gas Industry:
- 5.2.2 Increase in Use of Explosion-Proof LED Lights
- 5.2.3 Rise in Industrial Safety Measures
5.3 Market Restraints
- 5.3.1 Complexities Involved in Installation and Maintenance of Explosion-Proof Equipment
5.4 Market Opportunities
- 5.4.1 Growth of Construction Sector
- 5.4.2 Rise in Product Launches and Strategic Initiatives
5.5 Future Trends
- 5.5.1 Stringent Safety Regulations
- 5.5.2 Integration of IoT
5.6 Impact of Drivers and Restraints:

6. Explosion-Proof Equipment Market -South & Central America Market Analysis

6.1 South & Central America Explosion-Proof Equipment Market Revenue (US$ Million), 2021-2031
6.2 South & Central America Explosion-Proof Equipment Market Forecast Analysis

7. South & Central America Explosion-Proof Equipment Market Analysis - by Systems

7.1 Junction Boxes and Enclosures
- 7.1.1 Overview
- 7.1.2 Junction Boxes and Enclosures: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Lighting System
- 7.2.1 Overview
- 7.2.2 Lighting System: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Monitoring System
- 7.3.1 Overview
- 7.3.2 Monitoring System: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.3.2.1 Camera
    - 7.3.2.1.1 Overview
    - 7.3.2.1.2 Camera: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.3.2.2 Data Loggers
    - 7.3.2.2.1 Overview
    - 7.3.2.2.2 Data Loggers: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.3.2.3 Sensors
    - 7.3.2.3.1 Overview
    - 7.3.2.3.2 Sensors: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
  - 7.3.2.4 Others
    - 7.3.2.4.1 Overview
    - 7.3.2.4.2 Others: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Signaling Devices
- 7.4.1 Overview
- 7.4.2 Signaling Devices: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Automation System
- 7.5.1 Overview
- 7.5.2 Automation System: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.6 Cable Glands
- 7.6.1 Overview
- 7.6.2 Cable Glands: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.7 HVAC systems
- 7.7.1 Overview
- 7.7.2 HVAC systems: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Explosion-Proof Equipment Market Analysis - by Protection Method

8.1 Explosion Prevention
- 8.1.1 Overview
- 8.1.2 Explosion Prevention: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Explosion Containment
- 8.2.1 Overview
- 8.2.2 Explosion Containment: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Explosion Segregation
- 8.3.1 Overview
- 8.3.2 Explosion Segregation: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Explosion-Proof Equipment Market Analysis - by Industry

9.1 Oil and Gas
- 9.1.1 Overview
- 9.1.2 Oil and Gas: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Manufacturing
- 9.2.1 Overview
- 9.2.2 Manufacturing: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Mining
- 9.3.1 Overview
- 9.3.2 Mining: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Chemical and Petrochemical
- 9.4.1 Overview
- 9.4.2 Chemical and Petrochemical: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Energy and Power
- 9.5.1 Overview
- 9.5.2 Energy and Power: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Pharmaceutical
- 9.6.1 Overview
- 9.6.2 Pharmaceutical: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.7 Water and Wastewater Management
- 9.7.1 Overview
- 9.7.2 Water and Wastewater Management: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: South & Central America Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)

10. South & Central America Explosion-Proof Equipment Market -Country Analysis

10.1 South & Central America
- 10.1.1 South & Central America: Explosion-Proof Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 South & Central America: Explosion-Proof Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 Brazil: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 Brazil: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.2.2 Brazil: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.2.3 Brazil: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.2.4 Brazil: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.3 Argentina: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Argentina: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.3.2 Argentina: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.3.3 Argentina: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.3.4 Argentina: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.4 Rest of South & Central America: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Rest of South & Central America: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.4.2 Rest of South & Central America: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.4.3 Rest of South & Central America: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.4.4 Rest of South & Central America: Explosion-Proof Equipment Market Breakdown, by Industry

11. Competitive Landscape

11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative

13. Company Profiles

13.1 ABB Ltd
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Emerson Electric Co
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Pepperl+Fuchs SE
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Honeywell International Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Xylem Inc.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 OMEGA Engineering, Inc.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 BARTEC Top Holding GmbH
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Rockwell Automation Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Siemens AG
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Schneider Electric SE
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
13.11 Detector Electronics, LLC.
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index