There were 215 press releases posted in the last 24 hours and 194,224 in the last 365 days.
The rising awareness to prevent the explosion, rising government initiatives for labor safety are driving the demand for the market.
VANCOUER, BC, CANADA, June 13, 2022 /EINPresswire.com/ -- 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 Explosion Proof Equipment 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.
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.
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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.
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. 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.
Some Key Highlights from the Report :
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.
Over the forecast period, the oil & gas industry is anticipated to hold the largest market, as the explosion-proof equipment is widely used in Liquefied Natural Gas plants and oil refinery.
Due to the rising number of production and processing of ferrous and nonferrous materials in this region, Europe is expected to dominate the market over the forecasted period. Moreover, the rapid expansion of the pharmaceutical, oil & gas, and chemical industry is a major factor in Europe's market growth.
Major Companies in the Market Include:
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. among others.
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Emergen Research has segmented the global Explosion Proof Equipment Market on the basis of method, protection type, zone, application, end-use, and region:
Method Outlook (Revenue, USD Billion; 2017-2027) Prevention Containment Segregation
Protection Type Outlook (Revenue, USD Billion; 2017-2027) Gas Explosion Protection Dust Explosion Protection
Zone Outlook (Revenue, USD Billion; 2017-2027) Zone 0 Zone 1 Zone 2 Zone 12 Zone 20 Zone 21 Zone 22
Application Outlook (Revenue, USD Billion; 2017-2027) Lifting Systems Cable Glands Lighting Systems Junction Boxes & Enclosures Material Handling Systems Switches & Sockets HVAC Panel Boards & Motor Starters Surveillance & Monitoring Systems Signaling Systems Switchgear Others
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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