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

Description

List of Tables

The Europe explosion proof equipment market was valued at US$ 2,122.33 million in 2023 and is expected to reach US$ 3,245.08 million by 2031; it is estimated to register a CAGR of 5.5% from 2023 to 2031.

Increase in Use of Explosion-Proof LED Lights Drives Europe Explosion Proof Equipment Market

During the initial stages of LED lights, the LED solutions were expensive. Over the years, manufacturers have developed innovative and cost-effective technologies in order to lower the price of LED solutions. Increasing awareness of energy efficiency among end users and growing government regulations restricting certain energy sources are resulting in additional demand for energy-efficient products. Further, the market is going through a transition from traditional lighting technology systems to connected lighting systems based on user requirements. The shift in the market toward innovative technologies is supporting the LED market growth.

Companies in the market are engaged in launching explosion-proof LEDs. For instance, in January 2023, ARCHON Industries Inc. revealed its new explosion-proof light: EX20-100. The company indicated that the EX20-100 luminaire is designed to continuously illuminate process vessels, tanks, distillation columns, and other industrial items in hazardous and nonhazardous areas. Built with a high-power CREE COB LED and a proven LED driver for ultimate reliability, EX20-100 provides high-grade optics for exceptional performance.

Moreover, as easy availability and energy efficiency are the key benefits of explosion-proof LED lighting its demand is increasing in the market. Additionally, these lighting systems come with simpler maintenance requirements compared to fluorescent and other conventional lighting solutions. The increasing awareness of energy efficiency among end users and stringent regulations imposed by governments to favor certain energy sources propel the demand for energy-efficient products. The demand for lighting systems is rapidly evolving from traditional lighting technology to connected lighting systems with the surging popularity of handheld lighting. Thus, considering the above factors, the increasing use of explosion-proof LED lights is driving the Europe explosion-proof equipment market growth globally.

Europe Explosion Proof Equipment Market Overview

The explosion-proof equipment market in Europe is segmented into the UK, Germany, Italy, France, Russia, Austria, Switzerland, and the Rest of Europe. The explosion-proof equipment market in the region is expected to grow because of the growth of the mining industry. Initially, there were several mining industries present in the region, including Complexul Energetic Oltenia, Leonhard Nilsen & Sonner, Czech Coal, Hellenic Copper Mines, Boliden, and JP Elektroprivreda BiH. Additionally, the pharmaceutical industry plays a significant role in the healthcare sector, as it is known for the production, development, and distribution of medications and drugs. This industry thrives in Europe, contributing significantly to the region's economic growth. As countries invest more in their healthcare systems, there is a higher demand for pharmaceutical products and services. For instance, in May 2024, Pfizer and AstraZeneca announced new investments in France worth nearly US$ 1 billion to build up their research and development work in the country. This has created a favorable environment for companies to develop and introduce new medications, pharmaceutical drugs, and treatments. Pharmaceutical drugs are produced through mixing, emulsifying, filtration, distillation, etc, and chemical reactions of organic and inorganic compounds may generate potentially explosive atmospheres. Due to this, the demand for the explosion-proof equipment is increasing in the market. The need for explosion-proof equipment is important in these hazardous areas as this equipment helps maintain the safety of workers and the operators in the factories. Therefore, industries such as mining and pharmaceutical are implementing explosion-proof equipment to maintain the safety of the operators and workers. Furthermore, the water and wastewater industry is taking flight in Europe. The government in the region is investing in the water and wastewater plant. For instance, in March 2023, the European Investment Bank (EIB) signed a US$ 76.32 million EU investment grant with the government of North Macedonia to build a wastewater treatment plant in Skopje.

This is the largest EU investment grant allocated to the country under the Western Balkans Investment Framework (WBIF). As the water and wastewater treatment produce flammable gases such as methane, explosion-proof equipment helps to prevents ignition, reducing the risk of explosion in these hazardous environments, which is fueling the growth of the market in the region. Europe has many manufacturers of explosion-proof equipment, including ABB Ltd, BARTEC Group, Cortem S.p.A., Eaton Corporation plc, Extronics Ltd, R. STAHL AG, and Siemens AG. The presence of well-known explosion-proof equipment market players in the region is fueling the growth of the market.

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

Europe Explosion Proof Equipment Market Segmentation

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

Based on systems, the Europe 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 Europe 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 Europe 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 mining segment held the largest market share in 2023.

By country, the Europe explosion proof equipment market is segmented into Germany, the UK, France, Italy, Russia, Austria, Switzerland, and the Rest of Europe. Germany dominated the Europe explosion proof equipment market share in 2023.

ABB Ltd; Cortem S.p.A.; 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 Europe explosion proof equipment market.

Product Code: TIPRE00028767

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. Europe 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. Europe Explosion-Proof Equipment Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growth of Oil & Gas Industry:
- 5.1.2 Increase in Use of Explosion-Proof LED Lights
- 5.1.3 Rise in Industrial Safety Measures
5.2 Market Restraints
- 5.2.1 Complexities Involved in Installation and Maintenance of Explosion-Proof Equipment
5.3 Market Opportunities
- 5.3.1 Growth of Construction Sector
- 5.3.2 Rise in Product Launches and Strategic Initiatives
5.4 Future Trends
- 5.4.1 Stringent Safety Regulations
- 5.4.2 Integration of IoT
5.5 Impact of Drivers and Restraints:

6. Explosion-Proof Equipment Market -Europe Market Analysis

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

7. Europe Explosion-Proof Equipment Market Analysis - by Systems

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

8. Europe Explosion-Proof Equipment Market Analysis - by Protection Method

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

9. Europe Explosion-Proof Equipment Market Analysis - by Industry

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

10. Europe Explosion-Proof Equipment Market -Country Analysis

10.1 Europe
- 10.1.1 Europe: Explosion-Proof Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 Europe: Explosion-Proof Equipment Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 Germany: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 Germany: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.2.2 Germany: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.2.3 Germany: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.2.4 Germany: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.3 United Kingdom: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 United Kingdom: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.3.2 United Kingdom: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.3.3 United Kingdom: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.3.4 United Kingdom: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.4 France: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 France: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.4.2 France: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.4.3 France: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.4.4 France: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.5 Italy: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 Italy: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.5.2 Italy: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.5.3 Italy: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.5.4 Italy: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.6 Russia: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.6.1 Russia: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.6.2 Russia: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.6.3 Russia: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.6.4 Russia: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.7 Austria: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.7.1 Austria: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.7.2 Austria: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.7.3 Austria: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.7.4 Austria: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.8 Switzerland: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.8.1 Switzerland: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.8.2 Switzerland: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.8.3 Switzerland: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.8.4 Switzerland: Explosion-Proof Equipment Market Breakdown, by Industry
  - 10.1.1.9 Rest of Europe: Explosion-Proof Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.9.1 Rest of Europe: Explosion-Proof Equipment Market Breakdown, by Systems
    - 10.1.1.9.2 Rest of Europe: Explosion-Proof Equipment Market Breakdown, by Monitoring System
    - 10.1.1.9.3 Rest of Europe: Explosion-Proof Equipment Market Breakdown, by Protection Method
    - 10.1.1.9.4 Rest of Europe: 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 Cortem S.p.A.
- 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 Emerson Electric Co
- 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 Pepperl+Fuchs SE
- 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 Honeywell International 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 Xylem 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 OMEGA Engineering, Inc.
- 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 BARTEC Top Holding GmbH
- 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 Rockwell Automation Inc
- 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 Siemens AG
- 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 Schneider Electric SE
- 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
13.12 Detector Electronics, LLC.
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index