Explosion protection equipment are used in different industry verticals to prevent ignition from several dangerous environments that can cause a sudden explosion. Explosion proof products are able to withstand an internal explosion. Equipment used in hazardous locations should be certified to an appropriate national standard and marked by an examining organization. ATEX is an authorized testing European organization which outlines procedures to evaluate a product design based on groups and categories.
North America was the highest revenue generating region in 2014 and is likely to grow at a CAGR of 8.4% during the forecast period. However, Asia-Pacific is the fastest growing region owing to development in major nations, such as China, India and others. Therefore, this region is expected to grow at a CAGR of 10.5% by 2022.
The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2021 to 2030 are viewed as the forecast period.
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Increased safety, rise in automation sector, growth in industrial sectors, and stringent government regulations are some of the factors that strengthen the market. However, lack of standardization restricts the market growth. Increased demand for integrated systems and investment in emerging markets would foster the growth of the global market.
Area classification defines the probability of an explosive substance being present at a specific location of an industry. The equipment is produced, designed, and installed as per the laws, regulations, and standards of the legislatures. The European Union formulates the manufacturing of equipment as per the Zone system. Zone 0, Zone 1, Zone 2, Zone 20, Zone 21, and Zone 22 classify the hazardous areas in which the presence of flammable substances is very high, high, and moderately high.
While the National Electric Code (NEC) is the standard followed by North America, which includes class, division, and group system. The classes define occurrence of three categories of flammable substance, whereas divisions specify the likelihood of explosive materials in the hazardous environments. The classes and divisions are further divided into seven groups, which define classes by ranking the flammable and critical natures related to other substances.
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Explosion proof equipment is segmented into industry vertical, applicable system, protection method, and geography. On the basis of applicable system, the market is divided into cable gland, junction boxes & enclosures, lighting system, lifting & material handling system, automation system, surveillance & monitoring system, signaling devices, and other segments. Based on protection methods, the market is categorized into explosion containment, explosion isolation, and explosion prevention. On the basis of industry vertical, the market is segmented into oil & gas, pharmaceutical, marine, mining, manufacturing, food processing, and other divisions. Across the globe, the market is segmented into the geographical regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
ABB Group, Rockwell Automation, Inc., R. Stahl AG, BARTEC Group, Adalet, Siemens AG, Intertek Group Plc, Extronics Ltd., Pepperl+Fuchs GmbH, and Cooper Industries (Eaton), are some of the key market players that operate in the world explosion proof equipment market.
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The report includes an in-depth analysis of the world explosion proof equipment market, which includes current trends, drivers, restraints, and growth opportunities. Porter’s Five Forces model illustrates the potency of buyers and sellers, which enables the market players to formulate effective strategies. Value chain analysis provides a clear understanding of the key intermediaries involved and their respective roles at every stage. Key market players are profiled to gain an understanding of the strategies adopted by them.
The current market trends are quantitatively analyzed and estimated from 2016 to 2022, which are provided to highlight the financial competency of the market.
Market Segment Analysis: The document provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, aggressive panorama evaluation, and key regions development reputation. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analysed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
Pharmaceutical Manufacturing Marine Mining Food Processing Oil & Gas Others (Construction, Automotive, Waste Management, and Service)
Cable Glands Junction Boxes & Enclosures Lifting & Material Handling System Lighting System Automation System Surveillance and Monitoring System Signaling Devices Others (Switchgear, HVAC, Conduits, Flexible Couplings, and Unions)
Explosion Containment Explosion Prevention Explosion Segregation
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North America U.S. Rest of North America Europe Germany France UK Rest of Europe Asia-Pacific China India South Korea Rest of Asia-Pacific LAMEA Latin America Middle East Africa
Adalet Intertek Group Plc Extronics Ltd BARTEC Group R. STAHL AG Pepperl+Fuchs GmbH Siemens AG Rockwell Automation, Inc. Cooper Industries (Eaton) ABB Group
Other players in the value chain include (profiles not included in the report)
BCom Solutions, Inc. Honeywell International Inc. CamLogic Snc Johnson Controls Excalibur Miretti Group Shomal Co. Bosch Rexroth AG Shenzhen KHJ Semiconductor Lighting Co., Ltd. Shanghai Explosion-proof Motor Co., Ltd Parker Hannifin Corporation
Major Points Covered in TOC:
Market Overview: It consists of six sections, research scope, extensive makers blanketed, marketplace fragments via type, Market place portions by utility, study desires, and years considered.
Market Landscape: Here, the opposition within the Worldwide Market is dissected, by fee, profits, offers, and piece of the pie by means of agency, marketplace fee, cutthroat situations Landscape, and maximum recent patterns, consolidation, improvement, obtaining, and portions of the general industry of pinnacle agencies.
Market Status and Outlook via Region: In this phase, the report examines approximately internet part, deals, earnings, advent, portion of the general industry, CAGR, and marketplace size by means of locale. Here, The Global Market is profoundly tested primarily based on regions and nations like North America, Europe, China, India, Japan, and the MEA.
Application or End User: This segment of the exploration looks at suggests how remarkable cease-consumer/software sections add to the worldwide market.
Market Forecast: Production Side: In this piece of the record, the creators have zeroed in on creation and advent esteem conjecture, key makers gauge, and creation and creation esteem estimate with the aid of type.
Research Findings and Conclusion: This is one of the last segments of the document where the discoveries of the investigators and the end of the exploration study are given.
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Characterize, depict and conjecture 2030, by type, application, end client and district.
Give venture outside climate examination and PESTEL investigation.
Give systems to organization to manage the effect of COVID-19.
Give market dynamic investigation, including market driving variables, market advancement requirements.
Give market passage technique examination to new players or players who are prepared to enter the market, including market section definition, client investigation, circulation model, item informing and situating, and cost system investigation.
Stay aware of global market drifts and give examination of the effect of the COVID-19 plague on significant districts of the world.
Examine the market chances of partners and give market pioneers subtleties of the serious scene.
The report conveys an exhaustive investigation of the relative multitude of portions and offers data with respect to the main districts on the lookout. This report additionally states import/send out utilization, organic market Figures, cost, industry share, strategy, value, income, and gross edges.
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