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Global Explosion Proof Equipment Industry Report 2022

The explosion-prone industries based out in North America need to comply with the NEC standard, which defines the design and development of equipment on the basis of class, division, and group system. Similarly, ATEX or IEC standards are followed in Europe, which segregates an area on the basis of zone. These systems follow a similar modus operandi, and demarcate hazardous areas that are prone to explosive materials apart from assigning the category of equipment that need to be used in such locations. An ATEX-compatible HVAC system offered by Intertek ensures high safety of labor and automatic climate control system. The system is best suited for oil & gas refineries, petrochemical, and manufacturing plants, as it regulates the atmospheric pressure to prevent the entry of dust or gas.<br><br>Read more details at: https://www.alliedmarketresearch.com/explosion-proof-equipment-market

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Global Explosion Proof Equipment Industry Report 2022

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  1. Explosion Proof Equipment Market Opportunities and Forecasts, 2014 – 2022

  2. EXPLOSION PROOF EQUIPMENT MARKET Fiber-optic Surveillance and monitoring systems have witnessed noteworthy growth in the explosion proof equipment market, owing to their increased adoption in oil & gas, pharmaceutical, chemical, and other explosion-prone industries. These devices when installed in the most challenging and hazardous areas can deliver accurate track of crane loading and other critical operations, and prevent explosion. - Deepankar Bose, Manager, ICT & CG Research at AMR.

  3. EXPLOSION PROOF EQUIPMENT MARKET OVERVIEW • Explosion Proof Equipment Market Report, published by Allied Market Research, forecasts that the global market is expected to $8,217 million, registering a significant CAGR of 9.3% during the period 2016 – 2022 • The market is driven by factors such as increased safety concerns, growth in industrial sector, rise in automation sector, and stringent government regulations. However, lack of standardization restricts the market growth. • The usage of spark-resistant devices, automated systems, monitoring and signaling devices among others prevents sparks in explosion-prone industries including oil & gas, manufacturing, and others.   • Read more at : https://www.alliedmarketresearch.com/explosion-proof-equipment-market

  4. TOP INVESTMENT POCKETS OF GLOBAL EXPLOSION PROOF EQUIPMENT MARKET The following graph exhibits the growth potential of various industry verticals equipped with explosion proof equipment. These include oil & gas, marine, manufacturing, pharmaceutical, mining, and food processing, among others. As illustrated in the graph, the market is predominantly driven by oil & gas industry, which had the maximum share in 2014‐2015. However, manufacturing industry is expected to grow rapidly during the forecast period.

  5. EXPLOSION PROOF EQUIPMENT MARKET KEY BENEFITS • The report includes an in-depth analysis of the world explosion proof equipment market, which includes current trends, drivers, restraints, and growth opportunities. • Porter’s Five Forces model illustrates the potency of buyers and sellers to support market players for adopting effective strategies. • Value chain analysis provides a clear understanding of the key intermediaries involved and their respective roles at every stage. • Key market players are profiled to gain an understanding of the strategies adopted by them. • The current market trends are quantitatively analyzed and estimated from 2016 to 2022, which are provided to highlight the financial competency of the market.

  6. EXPLOSION PROOF EQUIPMENT MARKET KEY FINDINGS • Asia-Pacific is projected to be the fastest growing region, in terms of revenue, registering a CAGR of 10.5% during 2016 to 2022. • Oil & gas industry, being one of the most hazardous sectors, witnessed significant growth in 2014, and is anticipated to dominate the global market growing at the highest CAGR of 10.3%. • Explosion prevention segment was the highest revenue contributor to the global market, accounting for around 46% share in the year 2014, and is expected to maintain its dominance throughout the forecast period. • The automation system segment is expected to reach a substantial revenue of $1,598 million by 2022 due to the high cost of explosion proof automated products.

  7. KEY PLAYERS IN INDUSTRY • BCom Solutions, Inc. • Honeywell International Inc. • CamLogicSnc • Johnson Controls • Excalibur MirettiGroup • ShomalCo. • Bosch Rexroth AG • Shenzhen KHJ Semiconductor Lighting Co., Ltd. • Shanghai Explosion-proof Motor Co., Ltd. • Parker Hannifin Corporation • Download free Sample Report : • https://www.alliedmarketresearch.com/request-toc/1728

  8. EXPLOSION PROOF EQUIPMENT MARKET SEGMENTATION

  9. EXPLOSION PROOF EQUIPMENT MARKET BYINDUSTRY VERTICAL

  10. EXPLOSION PROOF EQUIPMENT MARKET BY GEOGRAPHY • North America, Europe, Asia-Pacific, LAMEA

  11. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/explosion-proof-equipment-market Follow Us On

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