Electrical Explosion Proof Equipment Market size is set to grow by USD 12.17 billion from 2024-2028, Increasing demand for safety in industrial operations boost the market, Technavio

NEW YORK, Aug. 14, 2024 /PRNewswire/ -- The global electrical explosion proof equipment market size is estimated to grow by USD 12.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.64%  during the forecast period. Increasing demand for safety in industrial operations is driving market growth, with a trend towards rising focus on explosion prevention. However, planning and inspection challenges related to electrical explosion proofing  poses a challenge. Key market players include ABB Ltd., Atexxo B.V., BARTEC Top Holding GmbH, Eaton Corp. Plc, Emerson Electric Co., Extronics Ltd., Flexpro Electricals Pvt. Ltd., Honeywell International Inc., Miretti Srl, PATLITE Corp., Pepperl and Fuchs SE, Potter Electric Signal Co. LLC, R and M Electrical Group Ltd., R Stahl AG, Rockwell Automation Inc., Siemens AG, Supermec Pvt. Ltd., TRI FLP Engineers Pvt. Ltd., VIMEX, and WEG Equipamentos Eletricos S.A..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Market Driver

The importance of workplace safety in industrial settings has led to a heightened focus on explosion prevention. With the rising number of explosions causing significant damage and costs to industries, the adoption of electrical explosion proof equipment has become essential. Electrical explosions can result from sparks or electric arc flashes, which can cause extensive harm to equipment and result in downtime. To mitigate these risks and protect valuable assets, industries are increasingly investing in explosion proof equipment. This trend is expected to drive the growth of the global electrical explosion proof equipment market during the forecast period. 

The Electrical Explosion Proof Equipment Market is experiencing significant growth due to increasing demands in industries with high risks of explosions, such as petrochemical and mining sites. Installation costs are a key consideration, driving the demand for flameproof enclosures and flameproof low-voltage motors. The mining profession faces a high risk of fatalities, leaks, and toxic substance exposure, making explosion prevention a top priority. Combustible dust, common in the chemical sector, is another major concern. Manufacturing equipment, machine tools, and processed food products in value-added food categories also require explosion-proof solutions. The oil & gas and mining industries are major consumers, with a focus on junction boxes, explosion containment, and flame arrestors. Wireless connectivity services, electrification, motion control, industrial automation, robotics, and discrete automation are also driving market growth. Energy extraction and fuel extraction industries are adopting integrated systems for explosion prevention. 

Discover 360° analysis of this market. For complete information, schedule your consultation - Book Here!

Market Challenges

• In the industrial sector, installing explosion-proof equipment is a crucial safety measure. For end-users, careful planning is essential. They must determine the appropriate explosion-proof equipment types and coverings based on their specific industrial requirements. Any oversight in planning can lead to incorrect installations and unnecessary expenses. Vendors, too, play a vital role in this process. They must inspect industries to recommend suitable explosion-proof equipment. Negligence in planning or inspection can result in financial consequences for end-users, including the need for new equipment or increased maintenance costs. The challenges of effective planning and inspection continue to pose significant expenses for global electrical explosion-proof equipment market participants and may hinder market expansion during the forecast period.
• The Explosion Proof Equipment Market caters to industries with potential hazardous environments, such as oil & gas and mining. Challenges include explosion prevention through electrical enclosures, flame arrestors, and explosion containment. Electrification in industries like automation, robotics, and motion requires explosion-proof junction boxes, wirelessly connected services, and integrated systems. Government rules mandate safety devices for handling gas or vapor in hazardous regions. Tier 2 and 3 manufacturers produce electrical and non-electrical fixtures, apparatus, and equipment for various industries, including oil & gas, mining, aerospace, construction, HVAC, lighting, and surveillance. Lack of standardization poses a challenge, but safety devices like AC and DC motors, pumps, compressors, and blowers help mitigate risks from workplace mishaps, such as mine explosions. Industries must prioritize environmental safety and invest in reliable explosion-proof equipment.

For more insights on driver and challenges - Request a sample report!

Segment Overview 

This electrical explosion proof equipment market report extensively covers market segmentation by  

1. Application 
• 1.1 Industrial
• 1.2 Non-industrial
2. Type 
• 2.1 Flame-proof type
• 2.2 Increased safety type
• 2.3 Intrinsic safety type
• 2.4 Positive-pressure type
• 2.5 Others
3. Geography 
• 3.1 APAC
• 3.2 North America
• 3.3 Europe
• 3.4 Middle East and Africa
• 3.5 South America

1.1 Industrial-  The global electrical explosion proof equipment market is poised for steady growth in various industries, including power, electronics, automotive, food and beverages, and chemical, due to increasing industrial automation and safety concerns. In the power industry, the rising demand for electricity and the shift towards renewable energy sources are driving the need for electrical explosion proof equipment. The electronics industry's growing adoption of consumer electronics, such as smartphones and laptops, necessitates the use of explosion-proof equipment for operational safety. In the automotive industry, the expansion of manufacturing plants and the increasing demand for electric vehicles necessitate the implementation of electrical explosion proof equipment to ensure safety. The food and beverages industry requires electrical explosion proof equipment to prevent disruptions caused by unexpected explosions, especially due to the risk of flammable liquids coming into contact with electrical wires. Lastly, the chemical industry, while primarily experiencing chemical and mechanical explosions, still requires electrical explosion proof equipment to mitigate the risk of electrical ignition of flammable gases. Overall, the rising demand for industrial automation and safety measures across various industries will fuel the growth of the electrical explosion proof equipment market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report

Learn and explore more about Technavio's in-depth research reports

India's electrical equipment market is experiencing robust growth, driven by increasing industrialization and urbanization. Key segments include transformers, switchgear, and cables, supported by government initiatives like "Make in India" and the push for smart grids and renewable energy. Major players such as BHEL, Siemens, and ABB dominate the landscape, focusing on innovation and sustainability to meet rising domestic and export demands.

Research Analysis

The Electrical Explosion Proof Equipment (EX Equipment) market caters to industries with potential explosive hazards, ensuring explosion prevention through specialized electrical enclosures, flame arrestors, and explosion containment systems. The oil & gas industries and energy & power sectors are significant consumers due to their hazardous environments. Electrification and automation in industrial sectors further drive market growth. Integrated systems that combine electrical and non-electrical fixtures, along with wireless connectivity services, are gaining popularity. Government rules and regulations in hazardous handling regions mandate the use of EX Equipment in industries such as oil & gas production, pharmaceuticals, and chemicals. EX Equipment includes various apparatus designed to handle gas or vapor explosions, ensuring safety in high-risk applications.

Market Research Overview

The Electrical Explosion Proof Equipment Market caters to industries with potential explosive hazards, focusing on explosion prevention through electrical enclosures, flame arrestors, and explosion containment. Key applications include oil & gas industries, mining, and the automation industry. Wireless connectivity services, electrification, motion control, and industrial automation are driving market growth. Equipment includes junction boxes, generators, integrated systems, and various types of motors, such as AC, DC, and low-voltage motors. Tier 2 and tier 3 manufacturers produce flameproof apparatus for handling gas or vapor, combustible dust, and other hazardous materials in sectors like aerospace, chemical, and manufacturing. Government rules and workplace mishaps, such as mine explosions, necessitate safety devices like flameproof electrical fixtures, non-electrical fixtures, and safety devices. Industries like petrochemical, mining, and the energy extraction sector face challenges like lack of standardization and high installation costs. The market also serves industries dealing with natural resources like coal reserves, and hazardous handling regions in construction sites, HVAC systems, lighting, surveillance, signaling techniques, and various industrial sectors. Safety devices are crucial in preventing workplace accidents, fatalities, leaks, and toxic substance exposure. Equipment includes pumps, compressors, blowers, and various types of motors, such as AC, DC, and low-voltage motors.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Industrial
• Non-industrial
• Type
• Flame-proof Type
• Increased Safety Type
• Intrinsic Safety Type
• Positive-pressure Type
• Others
• Geography
• APAC
• North America
• Europe
• Middle East And Africa
• South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED