Explosion Protection Equipment Market in UK is Expanding Due to Growth in Pharmaceutical and Food & Beverage Industries

Allied Market Research published a report, titled, "UK Explosion Protection Equipment Market by Industry Vertical (Pharmaceutical, Manufacturing, Marine, Food Processing, Oil & Gas, Mining, and Others), Applicable System (Cable Gland, Junction Box, Lighting System, Lifting & Material Handling System, Automation System, Surveillance & Monitoring System, Signaling System, and Others), and Protection Method (Explosion Prevention, Explosion Containment, and Explosion Segregation): Opportunity Analysis and Industry Forecast, 2019-2026."

According to the report, the UK explosion protection equipment industry generated $78.4 million in 2018, and is expected to reach $112.5 million by 2026, registering a CAGR of 4.5% from 2019 to 2026.

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The explosion segregation segment to maintain its leadership status during the forecast period

Based on protection method, the explosion segregation segment accounted for the highest market share, accounting for more than two-fifths of the UK explosion protection equipment market in 2018, and will maintain its leadership status during the forecast period. This is attributed to rise in demand in for explosion segregation equipment in refining plants, plastic manufacturing, and oil & gas industries for taking preventive measures against explosive substances.

The oil & gas segment to maintain its dominant share during the forecast period

Based on industry verticals, the oil & gas segment held the largest share in the UK explosion protection equipment market in 2018, contributing to nearly one-fourth of the total share, and is projected to maintain its dominant share during the forecast period. This is due to increase in adoption of explosion-proof enclosures and their ability to protect electrical equipment and prevent sparks that set flammable substances on fire. On the other hand, the food processing segment is expected to grow at the fastest CAGR of 5.6% from 2019 to 2026, owing to the expansion of food industry and rise in urbanization.

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Key Findings of the UK Explosion Protection Equipment Market:
o The report provides an extensive analysis of the current and emerging UK explosion protection equipment market trends and dynamics.
o Based on industry vertical, the oil and gas segment dominated the UK explosion protection equipment market, in terms of revenue in 2018 and is projected to grow at a CAGR 3.8% during the forecast period.
o UK Explosion Protection Equipment Market forecast, based on applicable system, the automation system segment is projected to grow at a CAGR of 3.4% during the forecast period.

Leading market players
o ABB Group
o Adalet
o Bartec GmbH
o Eaton Corporation Inc.
o Emerson Electric Co.
o Extronics Ltd.
o Pepperl+Fuchs GmbH
o R. Stahl Aktiengesellschaft
o Rockwell Automation, Inc.,
o Siemens AG

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