Global Explosion Proof Equipment Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Hazardous Zone (Zone 0, Zone 1, Zone 2, Zone 20, Zone 21, Zone 22), By Equipment (Air-Conditioners, Transformers, Distribution Boxes And Empty Enclosures, Lighting Technology, Others), By Industry (Pharmaceutical, Chemical, Oil And Gas, Mining, Waste Management, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Dec 2022
  • Report Code : KSI061610360
  • Pages : 114

The global explosion-proof equipment market is projected to witness a compound annual growth rate of 14.07% to grow to US$12.065 billion by 2027, from US$4.801 billion in 2020.

Market Overview:

Global market growth is anticipated to be aided by advancements in the automation industry, expansion of industrial sectors, and rising demand for integrated systems. For instance, workers in the oil and gas sector frequently have to work in dangerous environments. Safety should always come first in locations where there are enough combustible liquids, gases, vapors, or combustible dust to cause a fire. It is crucial to guarantee that operators are constantly informed of and safeguarded from external hazards. Furthermore, facilities offshore, in factories, and in refineries are frequently exposed to combustible materials. The production and rigorous testing of explosion-proof assets are required by manufacturers to reduce the risk of igniting. In January 2022, the certified Explosion Proof (EX) lift truck line, which consists of traditional Hyster lift trucks transformed by RICO Manufacturing, Inc. was expanded by Hyster Company. Lift trucks that are EX-rated can operate in hazardous environments with highly combustible or flammable vapors, dust, liquids, or fibers because they have special safety features.

Increased harmonization in explosion-proof equipment guidelines around the world will further assist market expansion during the forecast period. Specialized IEC and ISO working groups coordinate global perspectives on the explosion safety of electrical and non-electrical equipment. Internationally harmonized design accords were created in IEC standards fairly early on in the field of electrical engineering. This was mostly carried out following CENELEC guidelines. The agreement in content and registration number between the necessary IEC/ISO (global), EN (Europe), and standards publications is an obvious indicator of harmonization (60079 series). Currently, there is active work being done on harmonization. Although there are ongoing changes, this arrangement will facilitate future international work. Working groups within ISO/IEC follow the same procedures and apply the (80079 series) to non-electrical devices. 

The formation of toxic and flammable gases, as well as combustible dust, is the primary cause of explosions in underground coal mines and processing plants. For instance, in August 2021, twelve miners were killed when an explosion occurred in an underground coal mine in Colombia's central Boyaca district. The state-run National Mining Agency (ANM) claimed that the methane gas and possibly coal dust buildup was what started the fire. Serious accidents regularly happen in Colombian mines, the majority of which are brought on by inadequate safety regulations. In 2020, at least 11 miners were killed by a methane gas explosion at the Veracruz coal mine in the Cundinamarca province of central Colombia.

Growth factors:

Growing technological advancements and increased demand for worker safety in the Mining industry

The explosion-proof equipment market will grow as the demand for worker safety grows and technology advances at a rapid pace. According to the National Institute for Occupational Safety and Health (NIOSH), mining enterprises are implementing automation and other sophisticated technology to increase productivity and increase safety in the industry, which is undergoing tremendous changes.

Furthermore, underground mining poses several challenges, including a lack of sufficient ventilation, exposure to hazardous gases, and negative health effects. According to NIOSH, the occupational mining fatality rate in the United States increased from 10.5 to 12.94 in 2020. Due to this reason, governments around the world are regulating mining laws to ensure greater safety concerns. For example, under the Work Health and Safety (Mines and Petroleum Sites) Act 2013, the NSW Government launched the Work Health and Safety (Mines and Petroleum Sites) Amendment Regulation 2019 in January 2020.

Key development:

  • In January 2022, Flameproof low-voltage motors were introduced by ABB Ltd (India) for applications in potentially explosive settings. The flameproof low voltage motors provide many advantages, such as decreased vibration levels, better reliability for a longer lifespan, and fewer maintenance requirements for a lower total cost of ownership.
  • In January 2022, the certified Explosion Proof (EX) lift truck line, which consists of traditional Hyster lift trucks transformed by RICO Manufacturing, Inc. was expanded by Hyster Company. Lift trucks that are EX-rated can operate in hazardous environments with highly combustible or flammable vapors, dust, liquids, or fibers because they have special safety features.

COVID-19 Impact on Global Explosion Proof Equipment Market:

The COVID-19 pandemic negatively impacted the global explosion proof equipment market. the outbreak of the virus and its spread resulted in strict containment measures by the government. In an attempt to contain the virus contact, the governments around the world implemented nationwide lockdowns. A halt in operations across major end-users led to a contraction of market demand for explosion proof equipment. Key end-users include oil and gas industry, mining industry, and chemical industry which were rattled by the virus. On economic opening up, social distancing regulations limited the labor force working at a site, which also constrained the market demand.

Global Explosion Proof Equipment Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$4.801 billion
 Market Size Value in 2027  US$12.065 billion
 Growth Rate  CAGR of 14.07% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Hazardous Zone, Equipment, Industry, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered CorDEX Instruments, Adalet, Intertek Group plc, Pepperl+Fuchs GmbH, Extronics Ltd, Siemens AG, ABB, Rockwell Automation, Inc., RAE Systems by Honeywell, R. STAHL
 Customization Scope  Free report customization with purchase

 

Segmentation

  • By Hazardous Zone
    • Zone 0
    • Zone 1
    • Zone 2
    • Zone 20
    • Zone 21
    • Zone 22
  • By Equipment
    • Air-Conditioners
    • Transformers
    • Distribution Boxes And Empty Enclosures
    • Lighting Technology
    • Others
  • By Industry
    • Pharmaceutical
    • Chemical
    • Oil And Gas
    • Mining
    • Waste Management
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain  
      • Others
    • The Middle East And Africa
      • Saudi Arabia
      • Uae
      • Iran
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • Others

Frequently Asked Questions (FAQs)

The global explosion-proof equipment market is projected to reach a total market size of US$12.065 billion by 2027.
Explosion Proof Equipment Market was valued at US$4.801 billion in 2020.
The explosion-proof equipment market is projected to grow at a CAGR of 14.07% during the forecast period.
The explosion-proof equipment market has been segmented by hazardous zone, equipment, industry, and geography.
The explosion-proof equipment market growth is anticipated to be aided by advancements in the automation industry, expansion of industrial sectors, and rising demand for integrated systems.

1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Industry Value Chain Analysis

 

5. GLOBAL EXPLOSION-PROOF EQUIPMENT MARKET, BY HAZARDOUS ZONE

5.1. Introduction

5.2. Zone 0

5.3. Zone 1

5.4. Zone 2

5.5. Zone 20

5.6. Zone 21

5.7. Zone 22

 

6. GLOBAL EXPLOSION-PROOF EQUIPMENT MARKET, BY EQUIPMENT

6.1. Introduction

6.2. Air-conditioners

6.3. Transformers

6.4. Distribution Boxes and Empty Enclosures

6.5. Lighting Technology

6.6. Others

 

7. GLOBAL EXPLOSION-PROOF EQUIPMENT MARKET, BY INDUSTRY

7.1. Introduction

7.2. Pharmaceutical

7.3. Chemical

7.4. Oil and Gas

7.5. Mining

7.6. Waste Management

7.7. Others

 

8. GLOBAL EXPLOSION-PROOF EQUIPMENT MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Iran

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. Australia

8.6.5. Others

 

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. CorDEX Instruments

10.2. Adalet

10.3. Intertek Group plc

10.4. Pepperl+Fuchs GmbH

10.5. Extronics Ltd

10.6. Siemens AG

10.7. ABB

10.8. Rockwell Automation, Inc.

10.9. RAE Systems by Honeywell

10.10. R. STAHL


CorDEX Instruments

Adalet

Intertek Group plc

Pepperl+Fuchs GmbH

Extronics Ltd

Siemens AG

ABB

Rockwell Automation, Inc.

RAE Systems by Honeywell

R. STAHL


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