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The global Explosion Proof Equipment Market is forecasted to be worth USD 10.77 Billion by 2027, according to a current analysis by Emergen Research. The market is forecasted to grow substantially throughout the forecast period due to the growing government policies in labor protection. The rising willingness to improve protection in industrialized areas is expected to further augment the market growth. Besides, The increasing concern for preventing explosions among several industries is also expected to boost the market growth.
The report comprehensively studies the highly competitive environment of the Explosion Proof Equipment Market and points out the strategic initiatives undertaken by each market player, such as partnerships & collaborations, mergers & acquisitions, joint ventures, new product launches, and government & corporate deals, to strengthen their market presence
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Explosion Proof Equipment Market statistics :
Explosion Proof Equipment Market Size – USD 7.20 billion in 2019, Market Growth – CAGR of 5.5%, Market Trends – The rise in the need to improve industrial areas’ safety.
Key players operating in the global Explosion Proof Equipment Market are as : Honeywell International Inc., Rockwell Automation, Inc., ABB Ltd., Eaton Corporation Plc, Siemens AG, R Stahl AG, Hatch Transformers Inc, Pentair plc, Bartec GmbH, and Cortem S.p.A.
Some Key Highlights of the Report:
In October 2020, Rockwell Automation Inc. has announced the acquisition of Oylo, a privately held supplier of industrial cybersecurity systems. In this rapidly developing market, the acquisition of Oylo further increases Rockwell’s global distribution platform and extends the range of cybersecurity services applicable to the industrial market.
Throughout the forecast timeframe, the prevention segment is anticipated to hold the largest market with a CAGR of 5.8%. It is the only appropriate protection method for Zone 0, and it functions in the context of Zone 1 or 2.
For the forecast timeframe, the gas explosion protection expected to be the largest market in the Explosion Proof Equipment Market as dangerous areas such as Zone 0, Zone 1, and Zone 2 can be protected by this.
Over the forecast period, the Zone 0 segment is expected to capture the largest market. An explosive atmosphere consisting of a mixture of air and flammable substances, in the form of gas, vapor, or mist, is continuously or regularly present in this zone for a prolonged period.
The segment of cable glands is expected to grow significantly over the forecast period since cable glands perform significant functions in managing cables.
Browse Detailed Explosion Proof Equipment Market Research report @ https://www.emergenresearch.com/industry-report/explosion-proof-equipment-market
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Emergen Research has segmented the global Explosion Proof Equipment Market as :
Method Outlook (Revenue, USD Billion; 2017-2027)
Protection Type Outlook (Revenue, USD Billion; 2017-2027)
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Explosion Proof Equipment Market Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Overview of the Explosion Proof Equipment Market Report:
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
The post Explosion Proof Equipment Market Is Highly Growing in Industry with Good Revenue by 2027 | Emergen Research appeared first on Market O Graphics.
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