Explosion-proof Equipment Market Analysis, Key Company Profiles, Types, Applications and Forecast to 2026

The Global Explosion-proof Equipment Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2026). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Explosion-proof Equipment market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global explosion-proof equipment market was valued at USD 9.04 billion in 2020, and is expected to reach a value of USD 12.98 billion by 2026, at a CAGR of 6.09% over 2021-2026.

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Top Companies in the Global Explosion-proof Equipment Market: R. STAHL AG, Marechal Electric Group, RAE Systems (Honeywell), Pepperl+Fuchs GmbH, Intertek Group PLC, Adalet Inc., Bartec GmbH, Alloy Industry Co. Ltd, Cordex Instruments Ltd, G.M. International SRL, Extronics Limited

Industry Recent Development:

- July 2020- Intertek, a leading Explosion-Proof Equipment provider to industries worldwide, is pleased to announce that it has entered into an exclusive services appointment and strategic partnership with Bangladesh Export Import Company Limited (BEXIMCO) which has been manufacturing and exporting large amounts of PPE Kits to USA.
- December 2019- CorDEX Instrument, a manufacturer of intrinsically safe tools and instrumentation, launched a lightweight, intrinsically-safe, USB SD Crad reader to reduce the weight of camera memory.

Key Market Trends

Mining Industry to Hold Significant Share

- Among the various industry verticals equipped with explosion proof equipment mining industry is expected to witness significant market share because there is high risk of fire or explosion hazards occurring due to presence of flammable gases, combustible liquid produced vapors,flammable liquid produced vapors combustible dusts, or ignitable fibers/ flying particles present in the air in quantities sufficient to produce explosive mixtures which may ignite on exposure to extreme conditions of temperature and pressure.

Segment By Type:

Explosion-proof Lamp
Explosion-proof Electrical Equipment
Explosion-proof Instrument
Others

Segment By Applications:
Oil & Gas
Mining
Manufacturing Processing
Others

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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United States to Witness Significant Growth in the European Region

- In the late 19th century, the US government did not mandate the use of explosion proof equipment. However, the government introduced regulations across various industry verticals recently.
- The major regulatory bodies in the region are- Underwriters Laboratories(UL), an American safety consulting and certification company, Occupational Safety and Health Administration (OSHA), Factory Mutual - FM3610, National Fire Protection Association(NFPA), etc. Thus the market witnessed an increase in the replacement rates of the existing equipment.
- However, as compared to the rest of the world, the alternative Zone system of hazardous location classification is still new for the United States, which is further leading to the replacement of existing machinery in the industries.

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