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:

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