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Explosion Proof Equipment Market

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.

However, over the forecast timeline, the lack of standardization and increased cost of the security system poses as a market hindrance for explosion-proof equipment.

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The report further offers an in-depth analysis of the growth opportunities, challenges, market threats, drivers, restraining factors, limitations, growth prospects, and other key elements. Additionally, the report provides comprehensive coverage of the competitive landscape, industrial scenario, and current and emerging technological advancements in the business sphere to assist the investors and businesses in capitalizing on the existing and emerging growth opportunities.

Key Highlights From The Report

  • Over the forecast period, the Zone 0 segment is expected to capture the largest market. An explosive atmosphere consisting of a mixture of air and flammable substances, in the form of gas, vapor, or mist, is continuously or regularly present in this zone for a prolonged period.
  • The segment of cable glands is expected to grow significantly over the forecast period since cable glands perform significant functions in managing cables.
  • Due to the rising number of production and processing of ferrous and nonferrous materials in this region, Europe is expected to dominate the market over the forecasted period. Moreover, the rapid expansion of the pharmaceutical, oil & gas, and chemical industry is a major factor in Europe’s market growth.
  • 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 report begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers. The market offers a panoramic view of the industry through a thorough analysis of the key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Detailed Analysis of the Regions of the Explosion Proof Equipment Market Include Regions such as:

  • 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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Key Features of the Report:

  • Comprehensive assessment of the COVID-19 impact on the growth of the Explosion Proof Equipment market
  • Strategic recommendations to the key players and new entrants
  • Value chain analysis and pricing analysis of the Explosion Proof Equipment market
  • Country-wise and region wise assessment of the market growth and market size
  • Growth forecast and revenue estimation of the Explosion Proof Equipment market
  • Detailed assessment of key market drivers, restraints, growth prospects, and limitations
  • 8-year forecast of the global Explosion Proof Equipment market

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

READ MORE…!

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