Asia Pacific Explosion-Proof Equipment Market Forecast to 2031 - Regional Analysis - by Systems, Protection Method, and Industry

Description

List of Tables

The Asia Pacific explosion proof equipment market was valued at US$ 2,815.21 million in 2023 and is expected to reach US$ 4,892.33 million by 2031; it is estimated to register a CAGR of 7.2% from 2023 to 2031.

Stringent Safety Regulations Boost Asia Pacific Explosion Proof Equipment Market

As offshore production and exploration activities continue to increase, the requirement for enhanced safety measures becomes critical. The rising number of offshore installations, such as oil rigs and platforms, requires the adoption of explosion-proof equipment to protect workers and assets. The offshore industry is exposed to stringent safety standards and regulations imposed by regulatory bodies. Compliance with these standards is essential, which is driving the demand for explosion-proof equipment that guarantees compliance with hazardous area classification and prevents accidents due to explosions or sparks. Various regions have their regulatory standards. Additionally, several global standards are applied. A few of them are mentioned below:

IEC/EN 60079-0: For use in explosive gas atmospheres (general rules)

IEC/EN 60079-1: Explosive atmospheres - Part 1: Equipment protection by flameproof enclosures "d"

IEC/EN 60079-7: Explosive atmospheres - Part 7: Equipment protection by increased safety "e"

IEC/EN 60079-31: Explosive atmospheres - Part 31: Equipment protection against ignition of dust by enclosure "t"

With the stringent regulatory standards, industries and businesses will need to upgrade the existing equipment to comply with new safety standards and regulations. This is expected to create a huge demand for explosion-proof equipment in the market.

Asia Pacific Explosion Proof Equipment Market Overview

The explosion-proof equipment market in APAC is segmented into India, Japan, Australia, South Korea, China, and the Rest of APAC. The demand for explosion-proof equipment is growing in the region due to rising projects in the oil & gas sector. For instance, as per the article published in NS Energy, India is anticipated to observe the operational commencement of 647 oil and gas projects between 2021 and 2025 as part of the government plan to create a gas-based economy. Similarly, according to Sinopec, the national oil company, the natural gas demand in China reached 395 bcm in 2022, an increase of 7% from 370 bcm in 2021. The oil & gas industry often requires workers to operate in hazardous locations, including areas where flammable liquids, gas vapors, or combustible dust exist in sufficient quantities; safety is the priority for workers and operators. Thus, explosion-proof equipment manufacturers produce and rigorously test explosion-proof assets to combat the high potential for ignition.

With the evolution of Industry 4.0 in APAC, the oil & gas industry has benefitted in terms of technological enhancements. Automating the oil rigs and smart exploration have been widely observed. Also, companies are significantly adopting technologies such as IoT, AI, advanced analytics, and robotics to enhance operational efficiencies, cut costs, and optimize manual processes. Thus, the growth in Industry 4.0 has positively transformed the oil & gas industry and helped implement explosion-proof equipment in the region. For instance, in January 2022, ABB India launched flameproof low-voltage motors for applications in potentially explosive environments such as the oil & gas industry. The flameproof low-voltage motors offer considerable benefits, comprising low vibration levels with increased reliability for an extended lifetime and reduced maintenance requirements for a lower cost of ownership. Furthermore, in APAC, the use of explosion-proof equipment is high in the water and wastewater industry. The investment in the industry is growing at a fast pace. For instance, according to the Eurasian development bank, Central Asia water and sanitation sector will need an investment of around US$ 12 billion from the year 2025 to 2030, which is US$ 2 billion per year. Water and wastewater treatment plants often have flammable or explosive gases like methane, hydrogen, and other volatile organic compounds. Explosion-proof equipment prevents ignition sources, reducing the risk of explosion in these hazardous environments. Therefore, the evolution of Industry 4.0 is supporting the growth of the explosion-proof equipment market in the region.

Asia Pacific Explosion Proof Equipment Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Explosion Proof Equipment Market Segmentation

The Asia Pacific explosion proof equipment market is categorized into systems, protection method, industry, and country.

Based on systems, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 manufacturing segment held the largest market share in 2023.

By country, the Asia Pacific explosion proof equipment market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific 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 Detector Electronics, LLC. are some of the leading companies operating in the Asia Pacific explosion proof equipment market.

Product Code: TIPRE00028766

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. Asia Pacific 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. Asia Pacific Explosion-Proof Equipment Market - Key Market Dynamics

5.1 Asia Pacific 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 -Asia Pacific Market Analysis

6.1 Asia Pacific Explosion-Proof Equipment Market Revenue (US$ Million), 2021-2031
6.2 Asia Pacific Explosion-Proof Equipment Market Forecast Analysis

7. Asia Pacific Explosion-Proof Equipment Market Analysis - by Systems

7.1 Junction Boxes and Enclosures
- 7.1.1 Overview
- 7.1.2 Junction Boxes and Enclosures: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Lighting System
- 7.2.1 Overview
- 7.2.2 Lighting System: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Monitoring System
- 7.3.1 Overview
- 7.3.2 Monitoring System: Asia Pacific 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: Asia Pacific 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: Asia Pacific 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: Asia Pacific 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: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Signaling Devices
- 7.4.1 Overview
- 7.4.2 Signaling Devices: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Automation System
- 7.5.1 Overview
- 7.5.2 Automation System: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.6 Cable Glands
- 7.6.1 Overview
- 7.6.2 Cable Glands: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.7 HVAC systems
- 7.7.1 Overview
- 7.7.2 HVAC systems: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Explosion-Proof Equipment Market Analysis - by Protection Method

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

9. Asia Pacific Explosion-Proof Equipment Market Analysis - by Industry

9.1 Oil and Gas
- 9.1.1 Overview
- 9.1.2 Oil and Gas: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Manufacturing
- 9.2.1 Overview
- 9.2.2 Manufacturing: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Mining
- 9.3.1 Overview
- 9.3.2 Mining: Asia Pacific 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: Asia Pacific 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: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Pharmaceutical
- 9.6.1 Overview
- 9.6.2 Pharmaceutical: Asia Pacific 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: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Asia Pacific Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)

10. Asia Pacific Explosion-Proof Equipment Market -Country Analysis

10.1 Asia Pacific
- 10.1.1 Asia Pacific: Explosion-Proof Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 Asia Pacific: Explosion-Proof Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 China: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 China: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.2.2 China: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.2.3 China: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.2.4 China: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.3 Japan: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Japan: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.3.2 Japan: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.3.3 Japan: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.3.4 Japan: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.4 India: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 India: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.4.2 India: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.4.3 India: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.4.4 India: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.5 Australia: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 Australia: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.5.2 Australia: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.5.3 Australia: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.5.4 Australia: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.6 South Korea: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.6.1 South Korea: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.6.2 South Korea: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.6.3 South Korea: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.6.4 South Korea: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.7 Rest of APAC: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.7.1 Rest of APAC: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.7.2 Rest of APAC: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.7.3 Rest of APAC: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.7.4 Rest of APAC: 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