Explosion-Proof Equipment Market Forecast 2021-2028: Achieving Impressive Growth with a 6.7% CAGR, Projected to Reach USD 10,511.72 Million by 2028

The market report uses a range of steps for collecting, recording, analyzing, and interpreting market data to make Explosion-Proof Equipment Market report all-inclusive. Few of the major industry insights of this large scale marketing report can be listed as; distinct analysis of the market drivers and restraints, major market players involved like Semiconductors and Electronics industry, detailed analysis of the market segmentation and competitive analysis. It also offers an overview of the industry that might promote interest among prospective investors, large corporations, and everyday users who could participate in the next big opportunity or make their lives just a little easier.

The winning Explosion-Proof Equipment Market report contains the list of leading competitors, strategic industry analysis and the insights of key factors influencing the Semiconductors and Electronics industry. The facts and figures displayed in this market report aids businesses in taking sound decisions and planning advertising and sales strategy more effectively. This business report provides an overview of the Semiconductors and Electronics industry which is gaining momentum in the last few years. Explosion-Proof Equipment Market document provides an orderly estimation of the key challenges in terms of sales, export/import, or revenue that any business may have to face in the coming years.

The explosion-proof equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.7% in the forecast period of 2021 to 2028 and is expected to reach USD 10,511.72 million by 2028. Rising digitalization and population is boosting the growth of this market.

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Market Definition:

An explosion is a sudden reaction involving a rapid physical or chemical oxidation reaction, increase in temperature or pressure due to flammable gases, vapours or dusts with the oxygen contained in the air. Explosion-proof equipment are those equipment containing any explosion which originates within the housing due to various hazardous materials and prevent sparks from igniting vapours, gases, dust, fibres or other hazardous materials in the air and environment surrounding it. When dealing with ex-proof equipment, there are two directives namely ATEX and the IECEX which provides standardization to operate under hazardous environments.

Some of the major players operating in the explosion-proof equipment market are:

R. STAHL AG
Extronics
Honeywell International Inc
ABB
CorDEX Instruments
BARTEC
Eaton
Pepperl+Fuchs SE
Bosch Rexroth AG
MarechalElectric
Pelco Corporations
DEHN SE + Co KG
Schneider Electric
nVent
Axis Communications AB
CLEARVIEW COMMUNICATIONS LTD
Zenitel
MIRETTI
Emerson Electric Co.

Explosion-Proof Equipment Market Scope and Market Size

The global explosion-proof equipment market is segmented into six notable segments, which are based on offering, temperature class, zone, connectivity service, location, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of offering, the explosion-proof equipment market is segmented into hardware, software, and services. In 2021, the hardware segment is expected to dominate the market owing to ongoing digital transformation across the industries and to enhance company's performance and productivity.

On the basis of temperature classes, the explosion-proof equipment market is segmented into T1 (> 450 °C), T2 (> 300 °C to < 450 °C), T3 (> 200 °C to < 300 °C), T4 (> 135 °C to < 200 °C), T5 (> 100 °C to < 135 °C) and T6 (> 85 °C to < 100 °C). In 2021, T1 (> 450 °C) segment is expected to dominate the market owing to the majority of flammable gases present in the T1 category.

On the basis of zone, the explosion-proof equipment market is segmented into zone 0, zone 1, zone 2, zone 20, zone 21, and zone 22. In 2021, zone 0 segment is expected to dominate the market owing to increased level of risk at the location due to the presence of ignitable concentrations of flammable gases, vapors or liquids, which are present continuously or for longer period of time under normal operating conditions.

On the basis of connectivity, the explosion-proof equipment market is segmented into wired and wireless. In 2021, wired segment is expected to dominate the market due to factors, such as reduced number of attacks pertaining to network traffic interruptions, improved consistency and reliability, and capability to carry large data over longer distances.

On the basis of location, the explosion-proof equipment market is segmented into indoor and outdoor. In 2021, indoor segment is expected to dominate the market and is also expected to register high growth due to maximum chances of occurring hazards in indoor industrial plants of oil and gas, mining, chemical, energy and power, and other industries.

On the basis of end user, the explosion-proof equipment market is segmented into oil and gas, chemical and petrochemical, energy and power, mining, pharmaceutical, food processing, marine and ship building, aerospace, military and defense, and others. In 2021, oil and gas segment is expected to dominate the market, which is mainly attributed to stronger prevalence of vapors, high exposure to hazardous chemicals and gases, and risky operations such as oil and gas extraction, drilling fluids, and others.

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Explosion-Proof Equipment Market Country Level Analysis

Global explosion-proof equipment market is segmented into country, offering, temperature class, zone, connectivity service, location, and end user as referenced above.

The countries covered in the global explosion-proof equipment market are U.S., Canada, and Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, and rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, and rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, and rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America region is expected to dominate the market this region has the highest number of manufacturing facilities along with oil and gas industries worldwide.

Rise in Integrated System in Manufacturing Facilities of Industries, is Boosting the Market Growth of Explosion-Proof Equipment Market

The explosive proof equipment market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players' strategy and their geographical presence. The data is available for historic period 2010 to 2019.

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Data Bridge Market Research:

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