NEW
YORK, Aug. 14, 2024 /PRNewswire/ -- The
global electrical explosion proof equipment market size
is estimated to grow by USD 12.17
billion from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 13.64% during the
forecast period. Increasing demand for safety in industrial
operations is driving market growth, with a trend
towards rising focus on explosion prevention.
However, planning and inspection challenges related to
electrical explosion proofing poses a challenge. Key market
players include ABB Ltd., Atexxo B.V., BARTEC Top Holding GmbH,
Eaton Corp. Plc, Emerson Electric Co., Extronics Ltd., Flexpro
Electricals Pvt. Ltd., Honeywell International Inc., Miretti Srl,
PATLITE Corp., Pepperl and Fuchs SE, Potter Electric Signal Co.
LLC, R and M Electrical Group Ltd., R Stahl AG, Rockwell Automation
Inc., Siemens AG, Supermec Pvt. Ltd., TRI FLP Engineers Pvt. Ltd.,
VIMEX, and WEG Equipamentos Eletricos S.A..
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landscape, and companies- View the snapshot of this
report
Electrical Explosion
Proof Equipment Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
13.64%
|
Market growth
2024-2028
|
USD 12178.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
11.73
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 57%
|
Key
countries
|
China, US, Germany,
India, and Russia
|
Key companies
profiled
|
ABB Ltd., Atexxo B.V.,
BARTEC Top Holding GmbH, Eaton Corp. Plc, Emerson Electric Co.,
Extronics Ltd., Flexpro Electricals Pvt. Ltd., Honeywell
International Inc., Miretti Srl, PATLITE Corp., Pepperl and Fuchs
SE, Potter Electric Signal Co. LLC, R and M Electrical Group Ltd.,
R Stahl AG, Rockwell Automation Inc., Siemens AG, Supermec Pvt.
Ltd., TRI FLP Engineers Pvt. Ltd., VIMEX, and WEG Equipamentos
Eletricos S.A.
|
Market Driver
The importance of workplace safety in industrial settings has
led to a heightened focus on explosion prevention. With the rising
number of explosions causing significant damage and costs to
industries, the adoption of electrical explosion proof equipment
has become essential. Electrical explosions can result from sparks
or electric arc flashes, which can cause extensive harm to
equipment and result in downtime. To mitigate these risks and
protect valuable assets, industries are increasingly investing in
explosion proof equipment. This trend is expected to drive the
growth of the global electrical explosion proof equipment market
during the forecast period.
The Electrical Explosion Proof Equipment Market is experiencing
significant growth due to increasing demands in industries with
high risks of explosions, such as petrochemical and mining sites.
Installation costs are a key consideration, driving the demand for
flameproof enclosures and flameproof low-voltage motors. The mining
profession faces a high risk of fatalities, leaks, and toxic
substance exposure, making explosion prevention a top priority.
Combustible dust, common in the chemical sector, is another major
concern. Manufacturing equipment, machine tools, and processed food
products in value-added food categories also require
explosion-proof solutions. The oil & gas and mining industries
are major consumers, with a focus on junction boxes, explosion
containment, and flame arrestors. Wireless connectivity services,
electrification, motion control, industrial automation, robotics,
and discrete automation are also driving market growth. Energy
extraction and fuel extraction industries are adopting integrated
systems for explosion prevention.
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Market Challenges
- In the industrial sector, installing explosion-proof equipment
is a crucial safety measure. For end-users, careful planning is
essential. They must determine the appropriate explosion-proof
equipment types and coverings based on their specific industrial
requirements. Any oversight in planning can lead to incorrect
installations and unnecessary expenses. Vendors, too, play a vital
role in this process. They must inspect industries to recommend
suitable explosion-proof equipment. Negligence in planning or
inspection can result in financial consequences for end-users,
including the need for new equipment or increased maintenance
costs. The challenges of effective planning and inspection continue
to pose significant expenses for global electrical explosion-proof
equipment market participants and may hinder market expansion
during the forecast period.
- The Explosion Proof Equipment Market caters to industries with
potential hazardous environments, such as oil & gas and mining.
Challenges include explosion prevention through electrical
enclosures, flame arrestors, and explosion containment.
Electrification in industries like automation, robotics, and motion
requires explosion-proof junction boxes, wirelessly connected
services, and integrated systems. Government rules mandate safety
devices for handling gas or vapor in hazardous regions. Tier 2 and
3 manufacturers produce electrical and non-electrical fixtures,
apparatus, and equipment for various industries, including oil
& gas, mining, aerospace, construction, HVAC, lighting, and
surveillance. Lack of standardization poses a challenge, but safety
devices like AC and DC motors, pumps, compressors, and blowers help
mitigate risks from workplace mishaps, such as mine explosions.
Industries must prioritize environmental safety and invest in
reliable explosion-proof equipment.
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Segment Overview
This electrical explosion proof equipment market report
extensively covers market segmentation by
- Application
- 1.1 Industrial
- 1.2 Non-industrial
- Type
- 2.1 Flame-proof type
- 2.2 Increased safety type
- 2.3 Intrinsic safety type
- 2.4 Positive-pressure type
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Industrial- The global electrical explosion
proof equipment market is poised for steady growth in various
industries, including power, electronics, automotive, food and
beverages, and chemical, due to increasing industrial automation
and safety concerns. In the power industry, the rising demand for
electricity and the shift towards renewable energy sources are
driving the need for electrical explosion proof equipment. The
electronics industry's growing adoption of consumer electronics,
such as smartphones and laptops, necessitates the use of
explosion-proof equipment for operational safety. In the automotive
industry, the expansion of manufacturing plants and the increasing
demand for electric vehicles necessitate the implementation of
electrical explosion proof equipment to ensure safety. The food and
beverages industry requires electrical explosion proof equipment to
prevent disruptions caused by unexpected explosions, especially due
to the risk of flammable liquids coming into contact with
electrical wires. Lastly, the chemical industry, while primarily
experiencing chemical and mechanical explosions, still requires
electrical explosion proof equipment to mitigate the risk of
electrical ignition of flammable gases. Overall, the rising demand
for industrial automation and safety measures across various
industries will fuel the growth of the electrical explosion proof
equipment market during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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reports
India's electrical equipment
market is experiencing robust growth, driven by increasing
industrialization and urbanization. Key segments include
transformers, switchgear, and cables, supported by government
initiatives like "Make in India"
and the push for smart grids and renewable energy. Major players
such as BHEL, Siemens, and ABB dominate the landscape, focusing on
innovation and sustainability to meet rising domestic and export
demands.
Research Analysis
The Electrical Explosion Proof Equipment (EX Equipment) market
caters to industries with potential explosive hazards, ensuring
explosion prevention through specialized electrical enclosures,
flame arrestors, and explosion containment systems. The oil &
gas industries and energy & power sectors are significant
consumers due to their hazardous environments. Electrification and
automation in industrial sectors further drive market growth.
Integrated systems that combine electrical and non-electrical
fixtures, along with wireless connectivity services, are gaining
popularity. Government rules and regulations in hazardous handling
regions mandate the use of EX Equipment in industries such as oil
& gas production, pharmaceuticals, and chemicals. EX Equipment
includes various apparatus designed to handle gas or vapor
explosions, ensuring safety in high-risk applications.
Market Research Overview
The Electrical Explosion Proof Equipment Market caters to
industries with potential explosive hazards, focusing on explosion
prevention through electrical enclosures, flame arrestors, and
explosion containment. Key applications include oil & gas
industries, mining, and the automation industry. Wireless
connectivity services, electrification, motion control, and
industrial automation are driving market growth. Equipment includes
junction boxes, generators, integrated systems, and various types
of motors, such as AC, DC, and low-voltage motors. Tier 2 and tier
3 manufacturers produce flameproof apparatus for handling gas or
vapor, combustible dust, and other hazardous materials in sectors
like aerospace, chemical, and manufacturing. Government rules and
workplace mishaps, such as mine explosions, necessitate safety
devices like flameproof electrical fixtures, non-electrical
fixtures, and safety devices. Industries like petrochemical,
mining, and the energy extraction sector face challenges like lack
of standardization and high installation costs. The market also
serves industries dealing with natural resources like coal
reserves, and hazardous handling regions in construction sites,
HVAC systems, lighting, surveillance, signaling techniques, and
various industrial sectors. Safety devices are crucial in
preventing workplace accidents, fatalities, leaks, and toxic
substance exposure. Equipment includes pumps, compressors, blowers,
and various types of motors, such as AC, DC, and low-voltage
motors.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Industrial
- Non-industrial
- Type
-
- Flame-proof Type
- Increased Safety Type
- Intrinsic Safety Type
- Positive-pressure Type
- Others
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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