Explosion-Proof Equipment Market is expected to reach US$ 12.95 billion by 2030 | The Insight Partners

According to the new research report on "Explosion-Proof Equipment Market Size Forecast to 2030 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the explosion-proof equipment market size is expected to grow from US$ 7.96 billion in 2022 to US$ 12.95 billion by 2030; it is estimated to record a CAGR of 6.3 % from 2022 to 2030.

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The key companies operating in the explosion-proof equipment market that are profiled in the report include BARTEC Gmbh, Intertek Group PLC, R. STAHL AG, ABB Ltd., Emerson, Extronics Ltd., Marechal Electric Group, Eaton Corporation, Siemens AG, and Rockwell. Several other players are also contributing significant revenue shares year on year. The report covers key developments in the explosion-proof equipment market as organic/inorganic growth strategies. Several companies focus on organic growth strategies, such as product approvals, product launches, events, and patents. Inorganic growth strategies activities witnessed in the explosion-proof equipment market are partnership acquisitions & collaborations. These activities have encouraged business expansion and increased explosion-proof equipment market players' customer base. The Explosion-Proof Equipment market players are anticipated to offer beneficial growth opportunities with the rising demand for explosion-proof equipment in the global explosion-proof equipment market growth in the coming years.

For any factory that operates in hazardous environments, it is important to use explosion-proof lighting. These environments generally contain explosive gases and vapors, which increase the risks of explosions. Explosion-proof lighting is designed for use in places where explosive and flammable gases (such as methane, hydrogen, propane, and other hydrocarbons) are present. This type of lighting is vital at such locations for the safety of workers and operators. According to the article published by Mining Magazine in June 2021, MINEGLOW launched the world's first IECEx-certified explosion-proof LED strip lights for environments (such as the mining industry) where fire or explosion hazards exist because of flammable gases or explosive substances such as vapors, mists, or dust. The x-Glo IECEx range is purposely built to provide high-level protection by encapsulating electrical ignitions inside the light. This lighting protects workers from the risk of accidental ignitions of flammable or explosive materials. Therefore, the increasing use of explosion-proof LED lights in hazardous industries boosting the explosion-proof equipment market growth.

During the initial stages of LED lights, the LED solutions were expensive. Over the years, manufacturers have developed innovative and cost-effective technologies in order to lower the price of LED solutions. LED lighting solutions are flourishing across the globe. Increasing awareness of energy efficiency among end users and growing government regulations restricting certain energy sources are resulting in additional demand for energy-efficient products. The explosion-proof equipment market is going through a strong evolution from traditional lighting technology systems to connected lighting systems based on user requirements. The shift in the explosion-proof equipment market toward innovative technologies is reinforcing the LED market growth and bringing more opportunities for the industry players. LED solutions are energy-efficient and are a low-maintenance alternative to fluorescent lighting. The rise in demand for better and more efficient lighting systems paired with increasing awareness for improving energy efficiency in applications such as factories, warehouses, supermarkets, gyms, lecture halls, car parks, and retail drives the explosion-proof equipment market for LED lights.

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Key Findings of Study:
The explosion prevention method restricts thermal and electrical energy to protect the levels under faulty scenarios and normal operation. Varied methods offer a different level of protection. Common techniques used under explosion prevention consist of flame-proof enclosures, intrinsically safe equipment, increased safety enclosures, pressurized enclosures, powder-filled enclosures, and oil-filled enclosures. These explosions are prevented by reducing sufficient energy from the escaping gases. When the energy level is below the lowest ignition energy level, the chances of explosions are similar to none.

In the method of explosion prevention, the equipment and intrinsic safety prevent an explosion by limiting the release of sufficient electrical energy to ignite explosive gases. The increased safety method is appropriate for Zone 1 as well as Zone 2 conditions. This technique is used in several applications in lamp sockets, protect terminals, electrical connections, and squirrel gauge motors. It is also used as a combination with other various methods of protection. Hence, the explosion prevention segment is increasing in the explosion-proof equipment market.

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