Global Explosion Proof Equipment Market - Forecasts from 2018 to 2023
The global explosion proof equipment market is anticipated to grow at a CAGR of 7.26% during the forecast period to reach a total market size of US$10.173 billion by 2023, increasing from US$6.681 billion in 2017. Technological advancements in the industry have led to the intensive use of heavy equipment to carry out the manufacturing processes, most of which involve the emission of inflammable gases and dust particles. This creates an environment prone to explosions and thus, increases the need for explosion proof equipment. Growing chemical industry is further fuelling the demand for explosion proof equipment in order to eliminate the underlying risks of explosions. Stringent governments’ regulations regarding workers’ safety in hazardous working areas will increase the demand for these equipment across various industry verticals, thereby propelling the growth of this market over the forecast period.
North America will witness a significant market growth over the projected period, owing to the discovery of new oil and shale gas reserves in the U.S and Canada. Asia Pacific region will witness the fastest growth rate due to increasing industrialization in this region.
Research Methodology
The report provides a brief introduction to the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.
Market Dynamics
The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides global and regional regulations which are determining the market growth and industry value chain analysis of the global explosion proof equipment market. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Competitive Insight
The major players discussed in this report include CorDEX Instruments, Adalet, Intertek Group plc, Pepperl+Fuchs GmbH, Extronics Ltd, Siemens AG, and Rockwell Automation, Inc. among others.
Segmentation
In the report, the global explosion proof equipment market has been segmented by hazardous zone, equipment, industry, and geography:
By Hazardous Zone
North America
North America will witness a significant market growth over the projected period, owing to the discovery of new oil and shale gas reserves in the U.S and Canada. Asia Pacific region will witness the fastest growth rate due to increasing industrialization in this region.
Research Methodology
The report provides a brief introduction to the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.
Market Dynamics
The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides global and regional regulations which are determining the market growth and industry value chain analysis of the global explosion proof equipment market. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Competitive Insight
The major players discussed in this report include CorDEX Instruments, Adalet, Intertek Group plc, Pepperl+Fuchs GmbH, Extronics Ltd, Siemens AG, and Rockwell Automation, Inc. among others.
Segmentation
In the report, the global explosion proof equipment market has been segmented by hazardous zone, equipment, industry, and geography:
By Hazardous Zone
- Zone 0
- Zone 1
- Zone 2
- Zone 20
- Zone 21
- Zone 22
- Air-conditioners
- Transformers
- Distribution Boxes and Empty Enclosures
- Lighting Technology
- Others
- Pharmaceutical
- Chemical
- Oil and Gas
- Mining
- Waste Management
- Others
North America
- US
- Canada
- Mexico
- Others
- Brazil
- Argentina
- Others
- The United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Saudi Arabia
- UAE
- Iran
- Others
- Japan
- China
- India
- Australia
- Others
1. INTRODUCTION
1.1. Market Definition
1.2. Scope of the Study
1.3. Currency
1.4. Assumptions
1.5. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
2.3. Validation
3. KEY FINDINGS OF THE STUDY
4. MARKET DYNAMICS
4.1. Drivers
4.2. Restraints
4.3. Opportunities and Market Trends
4.4. Market Segmentation
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
4.7. Industry Regulations
5. GLOBAL EXPLOSION PROOF EQUIPMENT MARKET FORECAST BY HAZARDOUS ZONE (US$ BILLION)
5.1. Introduction
5.2. Zone
5.3. Zone
5.4. Zone
5.5. Zone
5.6. Zone
5.7. Zone
6. GLOBAL EXPLOSION PROOF EQUIPMENT MARKET FORECAST BY EQUIPMENT (US$ BILLION)
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 FORECAST BY INDUSTRY (US$ BILLION)
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 FORECAST BY GEOGRAPHY (US$ BILLION)
8.1. Introduction
8.2. North America
8.2.1. U.S
8.2.2. Canada
8.2.3. Mexico
8.2.4. Others
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. The United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Others
8.5. Middle East and Africa (MEA)
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Iran
8.5.4. Others
8.6. Asia Pacific (APAC)
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. Australia
8.6.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Market Share Analysis
9.2. Strategies of Key Players
9.3. Recent Investments and Deals
10. COMPANY PROFILES
10.1. CorDEX Instruments
10.1.1. Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Key Developments
10.2. Adalet
10.2.1. Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Key Developments
10.3. Intertek Group plc
10.3.1. Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Key Developments
10.4. Pepperl+Fuchs GmbH
10.4.1. Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Key Developments
10.5. Extronics Ltd
10.5.1. Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Key Developments
10.6. Siemens AG
10.6.1. Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Key Developments
10.7. ABB
10.7.1. Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Key Developments
10.8. Rockwell Automation, Inc.
10.8.1. Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Key Developments
10.9. RAE Systems by Honeywell
10.9.1. Overview
10.9.2. Financials
10.9.3. Products and Services
10.9.4. Key Developments
10.10. G.M. International srl
10.10.1. Overview
10.10.2. Financials
10.10.3. Products and Services
10.10.4. Key Developments
List of Tables
List of Figures
1.1. Market Definition
1.2. Scope of the Study
1.3. Currency
1.4. Assumptions
1.5. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
2.3. Validation
3. KEY FINDINGS OF THE STUDY
4. MARKET DYNAMICS
4.1. Drivers
4.2. Restraints
4.3. Opportunities and Market Trends
4.4. Market Segmentation
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
4.7. Industry Regulations
5. GLOBAL EXPLOSION PROOF EQUIPMENT MARKET FORECAST BY HAZARDOUS ZONE (US$ BILLION)
5.1. Introduction
5.2. Zone
5.3. Zone
5.4. Zone
5.5. Zone
5.6. Zone
5.7. Zone
6. GLOBAL EXPLOSION PROOF EQUIPMENT MARKET FORECAST BY EQUIPMENT (US$ BILLION)
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 FORECAST BY INDUSTRY (US$ BILLION)
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 FORECAST BY GEOGRAPHY (US$ BILLION)
8.1. Introduction
8.2. North America
8.2.1. U.S
8.2.2. Canada
8.2.3. Mexico
8.2.4. Others
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. The United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Others
8.5. Middle East and Africa (MEA)
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Iran
8.5.4. Others
8.6. Asia Pacific (APAC)
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. Australia
8.6.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Market Share Analysis
9.2. Strategies of Key Players
9.3. Recent Investments and Deals
10. COMPANY PROFILES
10.1. CorDEX Instruments
10.1.1. Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Key Developments
10.2. Adalet
10.2.1. Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Key Developments
10.3. Intertek Group plc
10.3.1. Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Key Developments
10.4. Pepperl+Fuchs GmbH
10.4.1. Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Key Developments
10.5. Extronics Ltd
10.5.1. Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Key Developments
10.6. Siemens AG
10.6.1. Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Key Developments
10.7. ABB
10.7.1. Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Key Developments
10.8. Rockwell Automation, Inc.
10.8.1. Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Key Developments
10.9. RAE Systems by Honeywell
10.9.1. Overview
10.9.2. Financials
10.9.3. Products and Services
10.9.4. Key Developments
10.10. G.M. International srl
10.10.1. Overview
10.10.2. Financials
10.10.3. Products and Services
10.10.4. Key Developments
List of Tables
List of Figures
