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Explosion Proof Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5769191
The global explosion proof equipment market size reached US$ 10,145 Million in 2022. Looking forward, the publisher expects the market to reach US$ 14,555 Million by 2028, exhibiting a CAGR of 6.2% during 2022-2028.

Explosion proof equipment prevents unwanted ignition of flammable substances by monitoring the use of robust materials and proactive builds in hazardous locations. It consists of conduit entries and flanged joints, which can operate under extreme external temperature and withstand an explosion of a specified gas or vapor. It is made using copper-aluminum alloys, silver, aluminum, and stainless and galvanized steel that are durable, non-sparking, and resistant to corrosion, solvents, humidity, moisture, and abrasive cleaning liquids. Several manufacturers are currently introducing explosion-proof equipment manufactured with non-metallic materials like plastics, wood, leather, and thermoplastic polymers.

Explosion Proof Equipment Market Trends:

Electrical sparks are one of the common sources of ignition in various machines and tools used inside an industrial facility. This, in confluence with stringent regulations imposed by governing agencies of numerous countries to ensure the safety of workers and the environment, represent one of the significant factors contributing to the market growth. Apart from this, oil and gas service companies rely on explosion proof equipment to prevent hazardous conditions, such as exposure to flammable gases, the release of hydrocarbon, and contact with harmful substances. Moreover, a considerable rise in the demand for energy and rapid surge in installations of offshore oil production sites are fueling the adoption of explosion proof equipment to conduct day-to-day oil and gas extractions safely. Besides this, market players are designing equipment that provides remote solutions while performing tasks, such as iron roughnecks, rig tong controls, crane and hoist operations, cement head pumps, rotary tables, and drill hydraulics and pneumatics. Furthermore, they are launching automated products with spark-resistant devices, signaling systems, media converts, and industrial monitors that can work in harsh conditions. These innovations are anticipated to influence the overall sales positively.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global explosion proof equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on protection method, applicable system and industry vertical.

Breakup by Protection Method:

  • Explosion Prevention
  • Explosion Containment
  • Explosion Segregation

Breakup by Applicable System:

  • Cable Glands
  • Junction Boxes and Enclosures
  • Lifting and Material Handling System
  • Lighting System
  • Automation System
  • Surveillance and Monitoring System
  • Signaling Devices
  • Others

Breakup by Industry Vertical:

  • Oil and Gas
  • Pharmaceutical
  • Manufacturing
  • Marine
  • Mining
  • Food Processing
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Adalet, Bosch Rexroth AG (Robert Bosch GmbH), Eaton Corporation PLC, Emerson Electric Co., Excalibur Miretti Group LLC, Extronics Ltd, Honeywell International Inc., Johnson Controls, Parker Hannifin Corporation, Pepperl+Fuchs SE, Rockwell Automation Inc. and Siemens AG.

Key Questions Answered in This Report

1. What was the size of the global explosion proof equipment market in 2022?
2. What is the expected growth rate of the global explosion proof equipment market during 2023-2028?
3. What has been the impact of COVID-19 on the global explosion proof equipment market?
4. What are the key factors driving the global explosion proof equipment market?
5. What is the breakup of the global explosion proof equipment market based on the protection method?
6. What is the breakup of the global explosion proof equipment market based on industry vertical?
7. What are the key regions in the global explosion proof equipment market?
8. Who are the key players/companies in the global explosion proof equipment market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Explosion Proof Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Protection Method
6.1 Explosion Prevention
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Explosion Containment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Explosion Segregation
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Applicable System
7.1 Cable Glands
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Junction Boxes and Enclosures
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Lifting and Material Handling System
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Lighting System
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Automation System
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Surveillance and Monitoring System
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Signaling Devices
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast
8 Market Breakup by Industry Vertical
8.1 Oil and Gas
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pharmaceutical
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Manufacturing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Marine
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Mining
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Food Processing
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Adalet
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Bosch Rexroth AG (Robert Bosch GmbH)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Eaton Corporation PLC
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Emerson Electric Co.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Excalibur Miretti Group LLC
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Extronics Ltd
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Honeywell International Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Johnson Controls
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Parker Hannifin Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Pepperl+Fuchs SE
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Rockwell Automation Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Siemens AG
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Explosion Proof Equipment Market: Major Drivers and Challenges
Figure 2: Global: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Explosion Proof Equipment Market: Breakup by Protection Method (in %), 2022
Figure 5: Global: Explosion Proof Equipment Market: Breakup by Applicable System (in %), 2022
Figure 6: Global: Explosion Proof Equipment Market: Breakup by Industry Vertical (in %), 2022
Figure 7: Global: Explosion Proof Equipment Market: Breakup by Region (in %), 2022
Figure 8: Global: Explosion Proof Equipment (Explosion Prevention) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Explosion Proof Equipment (Explosion Prevention) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Explosion Proof Equipment (Explosion Containment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Explosion Proof Equipment (Explosion Containment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Explosion Proof Equipment (Explosion Segregation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Explosion Proof Equipment (Explosion Segregation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Explosion Proof Equipment (Cable Glands) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Explosion Proof Equipment (Cable Glands) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Explosion Proof Equipment (Junction Boxes and Enclosures) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Explosion Proof Equipment (Junction Boxes and Enclosures) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Explosion Proof Equipment (Lifting and Material Handling System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Explosion Proof Equipment (Lifting and Material Handling System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Explosion Proof Equipment (Lighting System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Explosion Proof Equipment (Lighting System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Explosion Proof Equipment (Automation System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Explosion Proof Equipment (Automation System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Explosion Proof Equipment (Surveillance and Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Explosion Proof Equipment (Surveillance and Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Explosion Proof Equipment (Signaling Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Explosion Proof Equipment (Signaling Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Explosion Proof Equipment (Other Applicable Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Explosion Proof Equipment (Other Applicable Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Explosion Proof Equipment (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Explosion Proof Equipment (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Explosion Proof Equipment (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Explosion Proof Equipment (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Explosion Proof Equipment (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Explosion Proof Equipment (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Explosion Proof Equipment (Marine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Explosion Proof Equipment (Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Explosion Proof Equipment (Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Explosion Proof Equipment (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Explosion Proof Equipment (Food Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Explosion Proof Equipment (Food Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Explosion Proof Equipment (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Explosion Proof Equipment (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia-Pacific: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia-Pacific: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Explosion Proof Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Explosion Proof Equipment Market: Breakup by Country (in %), 2022
Figure 92: Middle East and Africa: Explosion Proof Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Global: Explosion Proof Equipment Industry: SWOT Analysis
Figure 94: Global: Explosion Proof Equipment Industry: Value Chain Analysis
Figure 95: Global: Explosion Proof Equipment Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Explosion Proof Equipment Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Explosion Proof Equipment Market Forecast: Breakup by Protection Method (in Million US$), 2023-2028
Table 3: Global: Explosion Proof Equipment Market Forecast: Breakup by Applicable System (in Million US$), 2023-2028
Table 4: Global: Explosion Proof Equipment Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 5: Global: Explosion Proof Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Explosion Proof Equipment Market: Competitive Structure
Table 7: Global: Explosion Proof Equipment Market: Key Players

Companies Mentioned

  • Adalet
  • Bosch Rexroth AG (Robert Bosch GmbH)
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • Excalibur Miretti Group LLC
  • Extronics Ltd
  • Honeywell International Inc.
  • Johnson Controls
  • Parker Hannifin Corporation
  • Pepperl+Fuchs SE
  • Rockwell Automation Inc.
  • Siemens AG.

Methodology

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Table Information