Explosion-Proof Equipment Market Size, US$12,272.30 million by 2028, 6.2% CAGR – Exclusive Research Report by The Insight Partners - Digital Journal

2022-04-02 09:49:47 By : Mr. Yiu Alex

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According to The Insight Partners’ new research study on “Explosion-Proof Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis By System (Junction Boxes & Enclosures, Lighting System, Monitoring System, Signaling Devices, Automation System, Cable Glands, HVAC Systems, and Others), Protection Method (Explosion Prevention, Explosion Containment, and Explosion Segregation), and Industry (Pharmaceutical, Mining, Oil & Gas, Manufacturing, Food Processing, Energy & Power, Chemical & Petrochemical, and Others)”, published by The Insight Partners.

In 2022, ABB Ltd (India) launched flameproof low voltage motors for applications in potentially explosive environments. The flameproof low voltage motors offer considerable benefits including low vibration levels with increased reliability for an extended lifetime and reduced maintenance requirements for a lower cost of ownership.

In 2021, Cortem S.p.A. launched EJBC series explosion-proof enclosures for gas group IIC. The new enclosures of the EJBC series are characterized by a multi-step joint that allows the installation in areas with danger of explosion and/or fire due to the presence of all the Gases of Group IIA – IIB – IIC classified.

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Explosion Proof Equipment Market: Competitive Landscape and Key Developments

BARTEC Gmbh, Intertek Group PLC, R.STAHL AG, ABB Ltd., Emerson, Extronics Ltd., Marechal Electric Group, Eaton Corporation, Siemens AG, and Rockwell are among the key players profiled during this market study. Several other essential explosion-proof equipment market players were studied and analyzed to get a holistic view of the market and its ecosystem.

North America is expected to dominate the explosion-proof equipment market because it has the highest number of manufacturing and oil and gas industries. According to the American Manufacturing Statistics report of May 2021 published by Propel PLM Inc., 292,825 manufacturing factories in the US employed ~12.2 million people. Similarly, for the oil & gas industry, a total of 22 companies are now producing oil and natural gas in Mexico, with another two expected to join the list in 2020, according to local oil and gas association Amexhi. In Canada, there are a total of 1,334 active companies producing oil and gas, while ~9,000 independent oil and natural gas producers exist in the US. Thus, the growth of manufacturing and oil & gas industries in the region also increases the need to employ maximum workers and operators. Therefore, several industries (including manufacturing and oil & gas) are implementing explosion-proof equipment for ensuring the safety of the operators and workers. Further, in North America, hazardous location equipment is required to bear the recognized mark of accredited certification bodies. The main recognized, accredited certification bodies include Underwriters Laboratories (UL), the Occupational Safety and Health Administration (OSHA), the Factory Mutual – FM3610, and the National Fire Protection Association (NFPA). Each of these agencies will have a mark indicating compliance with the Canadian Standards (cQPS), the USA Standards (QPSus), or both (cQPSus). Hence, the rise in the number of manufacturing and oil & gas industries and the focus of regulatory bodies on implementing explosion-proof equipment in these industries are influencing the growth of the explosion-proof equipment market.

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Explosion Proof Equipment Market: Protection Method Overview

By protection method, the explosion-proof equipment market is sub-segmented into explosion prevention, explosion containment, and explosion segregation. The explosion prevention segment led the explosion-proof equipment market with a share of 55.9% in 2020. It is expected to account for 50.3% of the total market in 2028. The explosion prevention method restricts thermal and electrical energy to protect the levels under normal operation and faulty scenarios. Common explosion-prevention techniques consist of intrinsically safe equipment, increased safety enclosures, powder-filled enclosures, pressurized enclosures, oil-filled enclosures, and flameproof enclosures. These explosions are prevented by eliminating sufficient energy from the escaping gases. When the energy level is below the minimum ignition energy level, the chances of explosions are similar to none.

In the explosion prevention method, the intrinsic safety and equipment prevent an explosion by restricting the release of sufficient electrical energy to ignite explosive gases. The increased safety method is suitable for Zone 1 and Zone 2 conditions. This technique is used in various applications to protect terminals, lamp sockets, electrical connections, and squirrel gauge motors. It is also used as a combination along with other different methods of protection. The increased safety method originated in Germany and is acclaimed by the CENELEC EN 50.019 standards in Europe.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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