Global Explosion Proof Equipment Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Explosion Proof Equipment Market 2021 (Includes Business Impact of COVID-19)
Global Explosion Proof Equipment Market report offered by Trusted Business Insights provides insights and information into details of revenues, investments, R&D, sales, leaders in the market on the basis of manufacturers in the target market etc. The report comprises other information, such as the various trends, drivers, restraints, opportunities, and threats, along with historical and projected revenues. The top players in the company profile section of the report contain details such as date of establishment, current CEO name, location and headquarters, employee headcount, revenues, technological innovations, recent and key developments, strategies, acquisitions and mergers, and market footprint. The global explosion proof equipment market is segmented on the basis of industrial vertical, applicable system, protection method, and region. The report is further segmented country-wise to enable a deep study and presentation of the findings and information.
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The global Explosion Proof Equipment market size was valued at USD $6.99 billion in 2020 and is projected to reach $16.79 billion by 2030, and is anticipated to expand at a CAGR of 6.73% over the forecast period from 2020 to 2030.

Overview:

Devices, products, and solutions that are required to be installed to prevent sparks or potential fires that could lead to a blast are referred to as explosion-proof equipment. Various industrial settings require additional levels of security measures to be taken when there is presence of flammable gases, liquids, vapors, combustible liquid“produced vapors, and dust or ignitable fibers/ flying particles in the air. These could be found in sufficient-enough quantities to produce explosive mixtures, which could ignite and cause potential damage and injury.

Dynamics

Explosion proof equipment is widely used in junction boxes, switches and sockets, HVAC systems, cable glands, lifting, lighting, and material handling systems, panel boards, motor starters, surveillance and monitoring systems, switchgear, and other components. Mandatory requirement for explosion-proof equipment in locations or settings where there is potential for an explosive atmosphere as a result of emission of gases and fumes during operations at industries is a major factor expected to drive growth of the global explosion proof equipment market. Other factors include rising investment in construction and aerospace industries, driven by ongoing technological innovation and advancements and rising concerns regarding safety and security of labor and infrastructure. Lack of standardization is a primary factor limiting growth of the market growth of the explosion-proof equipment market. The explosion proof equipment market is segmented according to industry vertical, applicable system, protection method, and region and countries.

Market Segmentation:

By industrial vertical: Among the industrial vertical segments, the oil and gas segment is projected to account for majority revenue share in the global market, owing to increasingly stringent implementation of mandatory safety measures and solutions, in developed as well as developing economies. Increasing demand for oil and gas and growing industrialization are some of the major factors projected to support market growth to a significant extent.

By Applicable System:  Among the applicable system segments, the cable gland is currently accounting for major revenue share and the trend is expected to continue over the forecast period.

By Protection Method: Among the protection method segments, the explosion prevention segment currently accounts for majority revenue share, and this growth is expected to continue in future as well.

Regional Analysis:

The market in North America currently leads in terms of revenue share in the global explosion proof equipment market, followed by markets in Europe and Asia Pacific. Expansion in the chemical sector, followed by ship building, pharmaceuticals, and construction in France is a major factor driving growth of the market in Europe.


Below are the active patents related to Explosion Proof Equipment Market.


Patent Number: US7723614B2

Explosion proof enclosure

Abstract

A method and apparatus for providing an explosion proof enclosure by providing expandable or extendible enclosure wall, side, top, or bottom sections which allow the explosion to be contained internally without the enclosure erupting or the enclosure bursting.

Application filed by Date: 2007-12-03

Application granted Date: 2010-05-25

Inventor: Konstandino Zamfes

Patent Number: US20150308672A1

Explosion-proof lamp cable gland

Abstract

An explosion-proof lamp cable gland is disposed in a channel of a coupling portion of an explosion-proof lamp for a cable to pass through, and includes a first explosion-proof member disposed at one end of the channel remote from an opening of the coupling portion and a compact member disposed at another end of the channel close to the opening of the coupling portion to connect to the first explosion-proof member. The explosion-proof lamp cable gland of the invention thus formed is simpler in structure and smaller in size, and can achieve explosion-proof effect as a conventional connector that is bulkier in size. Thus not only the cost is lower, but serial connection among the explosion-proof lamps also can be accomplished easily to make application versatile.

Application filed by Date: 2014-04-25

Application granted Date: 2017-07-11

Current Assignee: Li-Hong Science & Technology Co Ltd

Patent Number: US8872027B2

Filler assembly for cable gland

Abstract

A dispenser apparatus (2) for a curable liquid material is disclosed. The apparatus comprises a flexible bag (8) defining a first compartment (10) for accommodating a first component of a curable liquid material, and a second compartment (12) for accommodating a second component of the curable liquid material and adapted to communicate with the first chamber to enable mixing of the first and second components to initiate curing of the curable liquid material. A first clamp (14) temporarily prevents mixing of the first and second components, and an elongate nozzle (16) communicates with the second compartment to dispense the mixed curable liquid material therefrom. A second clamp (18) temporarily prevents passage of the curable liquid material from the second compartment to the nozzle.

Application filed by Date: 2010-06-14

Application granted Date: 2014-10-28

Current Assignee: CMP Products Ltd

Global Explosion Proof Equipment Market Segmentation:

By Industry Vertical:

  
Pharmaceutical
  
Manufacturing
  
Marine
  
Mining
  
Food Processing
  
Oil and Gas
  
Others (Construction, Automotive, Waste Management, Service)

By Applicable System

  
Cable Glands
  
Junction Boxes & Enclosures
  
Lifting & Material Handling System
  
Lighting System
  
Automation System
  
Surveillance and Monitoring System
  
Signaling Devices
  
Others (Switchgear, HVAC, Conduits, Flexible Couplings, and Unions)

By Protection Method

  
Explosion Containment
  
Explosion Prevention
  
Explosion Segregation


Key Market Players included in the report:


  
ABB Ltd. (Thomas & Betts Corporation)
  
Adalet
  
ALLOY INDUSTRY CO.LTD.
  
Barrier Group (UK)
  
BARTEC
  
BCom Solutions Inc.
  
Bosch Rexroth AG
  
CamLogic Snc
  
Chamlit Equipment UK
  
CorDEX Instruments.
  
E2S Warning Signals (UK)
  
Eaton Corporation PLC (Cooper Industries Inc.)
  
Emerson Electric Co. (Appleton Group LLC)
  
Excalibur Miretti Group
  
Extronics Ltd. (UK)
  
Federal Signal Corporation (US)
  
G.M. International srl
  
GE Equipment
  
Hatch Transformers
  
Honeywell International Inc. (US)
  
Intertek Group PLC
  
J.B. Systems (UK).
  
Johnson Controls.
  
Marechal Electric Group
  
MIRETTI
  
NHP Electrical Engineering Products (Australia)
  
Osram Sylvania
  
Parker Hannifin Corporation.
  
Patlite Corporation (Japan)
  
Pentair PLC
  
Pepperl+Fuchs GmbH
  
Philips Equipment Holding
  
Potter Electric Signal Co.
  
QUINTEX GMBH (Germany)
  
R STAHL (Germany)
  
R. Stahl Ag
  
RAE Systems (Honeywell)
  
Rockwell Automation Inc. (Allen-Bradley)
  
Shanghai Explosion-proof Motor Co.Ltd.
  
Shenzhen KHJ Semiconductor Lighting Co.Ltd.
  
Shomal Co.
  
Siemens (Germany)
  
Supermec (Singapore)
  
Tomar Electronics Inc. (US)
  
UMEB ELEKTROMOTOREN
  
Victor Equipment
  
WEG
  
WERMA Signaltechnik GmbH (Germany)
  
WorkSite Lighting (US)
  
ZhongTong