Vancouver, Oct. 05, 2023 (GLOBE NEWSWIRE) -- The global Explosion Proof Equipment Market is forecasted to be worth USD 14.08 Billion by 2032, according to a current analysis by Emergen Research. The increasing strict governing legislation in managing hazardous places and materials is anticipated to boost the market growth. The need for obtaining gas and oil also grows with rising energy usage. This is expected to boost the market since it’s extensively used during electricity production from environmental resources to avoid explosions. Besides, the growing demand for integrated systems is expected to further people the market growth over the forecast period.
Regulations on safety vary across different regions, which is expected to restrain the market to a certain context.
Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/247
Segments Covered in the report
Report Details | Outcome |
The market size value in 2019 | USD 7.20 Billion |
CAGR (2020 - 2032) | 5.5% |
The revenue forecast in 2032 | USD 14.08 Billion |
Base year for estimation | 2019 |
Historical data | 2016 - 2018 |
Forecast period | 2020 - 2032 |
Quantitative units | Volume in Tons, Revenue in USD Thousand, and CAGR from 2020 to 2032 |
Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered | Method, Protection Type, Zone, Application, End-Use, and Region |
Regional scope | North America; Europe; Asia Pacific; Central & South America; MEA |
Country scope | U.S.; Canada; Mexico; U.K.; Germany; France; BENELUX; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey |
Key companies profiled | 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 |
Customization scope | 10 hrs of free customization and expert consultation |
Click to Purchase this Report at an Exclusively Discounted Rate @ https://www.emergenresearch.com/request-discount/247
MAJOR COMPANIES and Market Share Analysis
The market for Explosion Proof Equipment is fragmented, with a significant number of large and medium-sized players, which account for a significant global share of the market. The key players of the market are well-equipped with significant manufacturing resources and are also engaged in various research and development activities. Some of the top players in the Explosion Proof Equipment market comprise:
-
- Honeywell International Inc.
- Rockwell Automation, Inc.
- ABB Ltd.
- Eaton Corporation Plc
- Siemens AG
- R Stahl AG
- Hatch Transformers Inc
- Pentair plc
- Bartec GmbH
- Cortem S.p.A.
In October 2020, Codian Robotics B.V., a leading supplier of delta robots, which are mostly used for high-precision pick and place systems, has been acquired by ABB. The product of Codian Robotics includes a hygienic design range suitable for industries that are susceptible to hygiene, such as foods and beverages and pharmaceuticals. ABB is expanding its involvement in the emerging field of delta robots with the transaction.
In December 2019, the Souriau-Sunbank Connection Technologies business of TransDigm Group Inc. was acquired by Eaton Corporation plc. This deal will strengthen Eaton’s position and product line for Energy & Power industry.
Buy This Premium Report Now: https://www.emergenresearch.com/select-license/247
Key Highlights From The Report
- In May 2020, Rockwell Automation, Inc. acquired Kalypso L.P. This deal would merge the convergence of plant-level and enterprise networks with Kalypso's expertise in the Rockwell Control Devices & Solutions market, further improving the capacity of the Rockwell to introduce and deploy technologies and provide its clients with a much higher value.
- During the forecasted period, the Zone 1 segment is expected to experience significant growth. The explosive environment in this zone consists of a mixture of air and toxic chemicals in the form of gas, mist, or vapor during daily operations.
- Governments in developing countries are initiating strategies to improve the power & energy industry, resulting in significant segmental growth of the Power & Energy sector.
- The market in the Middle East region is anticipated to experience the fastest growth due to the existence of the world's largest oil industry.
For more information about this report visit: https://www.emergenresearch.com/industry-report/explosion-proof-equipment-market
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; 2019-2032)
- Prevention
- Containment
- Segregation
- Protection Type Outlook (Revenue, USD Billion; 2019-2032)
- Gas Explosion Protection
- Dust Explosion Protection
- Zone Outlook (Revenue, USD Billion; 2019-2032)
- Zone 0
- Zone 1
- Zone 2
- Zone 12
- Zone 20
- Zone 21
- Zone 22
- Application Outlook (Revenue, USD Billion; 2019-2032)
- 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
- End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Mining
- Pharmaceuticals & Chemicals
- Energy & Power
- Oil & Gas
- Others
- Regional Outlook (Revenue, USD Billion; 2019-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- North America
Curated Reports You Shouldn't Miss: Dive In Now!
Acid Chlorides Market, By Product (Ethanoyl Chloride, Propanoyl Chloride), By Application (Chemical Reagent, Pharmaceutical Production), By End-Use (Pharmaceutical Industry, Plastics Industry), and By Region Forecast to 2030
Polyphthalamide Market, By Type (Unfilled, Mineral-filled, Glass Fiber-filled, Carbon Fiber-filled, Hybrid), By Application (Automotive, Industrial Equipment & Apparatus, Personal Care, Electronics & Electrical), and By Region Forecast to 2030
Thermoplastic Polyurethane Foaming Market, By Type (Polyether and Polyester), By Raw Material (Diols, Polyols, and Diisocyanate), By End-Use (Footwear, Medical, Automotive, and Industrial Machinery), and By Region Forecast to 2030
Cryogenic Market, By Product (Tanks, Pumps & Vaporizers, Valves, and Others), By Cryogen Type (Nitrogen, Argon, Oxygen, and Others), By Application, By End-Use, and By Region Forecast to 2032
Corrugated Packaging Market, By Material Type (Kraft Paper, Recycled Paper, and Others), By Product Type (Boxes, Trays, and Others), By Printing Technology (Flexography, Digital Printing, and Lithography), By End-Use Industry, and By Region Forecast to 2032
About Emergen Research
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 client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. For more information, visit
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Japanese Version: Explosion Proof Equipment Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-explosion-proof-equipment-market