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Explosion Proof Equipment Market to Witness Massive Growth by 2027

Summary

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 […]

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.

The latest market report offers an in-depth analysis of quantitative and qualitative factors affecting the industry growth. Such elements of the report, along with the growth forecast over the foreseeable future, enable the reader to obtain meaningful insights into the global market. The study comprises an exhaustive analysis of the contemporary market trends, for instance, the historical market data, estimated future market size, technological advancement, revenue share each region, micro- and macro-economic aspects, regulatory framework, and numerous growth trends observed in the global Explosion Proof Equipment market.

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Key Highlights From 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.
  • Key participants 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.

Explosion Proof Equipment Market Segmentation:

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
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Mining
    • Pharmaceuticals & Chemicals
    • Energy & Power
    • Oil & Gas
    • Others

The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global Explosion Proof Equipment market is segmented into the following based on the key regions of the world:

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)

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Additional information offered by the report:

  • A complete overview of the global Explosion Proof Equipment market.
  • Detailed examination of the various market dynamics, including drivers, opportunities, challenges, threats, constraints, and development prospects prevailing in the global market.
  • Diverse market trends observed on regional and global levels. The report also elaborates on the market size and shares governed by the major geographies, combined with a precise growth forecast analysis, cost analysis, micro- and macro-economic indicators, and regulatory framework.
  • A vivid analysis of the company profiles of the key market contenders operating in the global Explosion Proof Equipment market.
  • Extensive research & development assessment, and a detailed study of the growing demand for new products and the increasing application of the existing and new products.

Table Of Content:

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Explosion Proof Equipment Market Segmentation & Impact Analysis
4.1. Explosion Proof Equipment Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The rising awareness to prevent explosion
4.2.2.2. The rising government initiatives for labor safety
4.2.3. Market restraints analysis
4.2.3.1. Lack of standardization
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

Chapter 5. Explosion Proof Equipment Market By Method Insights & Trends, Revenue (USD Billion)
5.1. Method Dynamics & Market Share, 2019 & 2027
5.1.1. Prevention
5.1.2. Containment
5.1.3. Segregation

Chapter 6. Explosion Proof Equipment Market By Protection Type Insights & Trends Revenue (USD Billion)
6.1. Protection Type Dynamics & Market Share, 2019 & 2027
6.1.1. Gas Explosion Protection
6.1.2. Dust Explosion Protection

Chapter 7. Explosion Proof Equipment Market By Zone Insights & Trends Revenue (USD Billion)
7.1. Zone Dynamics & Market Share, 2019 & 2027
7.1.1. Zone 0
7.1.2. Zone 1
7.1.3. Zone 2
7.1.4. Zone 12
7.1.5. Zone 20
7.1.6. Zone 21
7.1.7. Zone 22

READ MORE…!

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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 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. 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.

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