The global Explosion Proof Equipment Market is forecasted to be worth USD 10.77 Billion by 2027. The expansion of government labour protection legislation is expected to cause the market for explosion proof equipment to expand significantly over the course of the forecast period. The increased readiness in industrialised areas to enhance protection is anticipated to further fuel market expansion. In addition, the growing awareness of explosion prevention among various industries is anticipated to fuel market expansion.
However, market barriers for explosion-proof technology during the anticipated time frame include a lack of standardisation and rising security system costs.
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Emergen Research’s latest document, titled ‘Global Explosion Proof Equipment Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Explosion Proof Equipment Market. The report’s authors have offered necessary details on the latest Explosion Proof Equipment Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Explosion Proof Equipment Market industry entails useful insights into the estimated Explosion Proof Equipment Market size, revenue share, and sales distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcome in the near future.
Key participants include Honeywell International Inc., Rockwell Automation, Inc., ABB Ltd., Eaton Corporation Plc, Siemens AG, R Stahl AG, Hatch Transformers Inc, Pentair plc, Bartec GmbH, and Cortem S.p.A. among others.
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
Emergen Research has segmented the global Explosion Proof Equipment Market on the basis of method, protection type, zone, application, end-use, and region:
Method Outlook (Revenue, USD Billion; 2017-2027)
Prevention
Containment
Segregation
Protection Type Outlook (Revenue, USD Billion; 2017-2027)
Gas Explosion Protection
Dust Explosion Protection
Zone Outlook (Revenue, USD Billion; 2017-2027)
Zone 0
Zone 1
Zone 2
Zone 12
Zone 20
Zone 21
Zone 22
Application Outlook (Revenue, USD Billion; 2017-2027)
Lifting Systems
Cable Glands
Lighting Systems
Junction Boxes Enclosures
Material Handling Systems
Switches Sockets
HVAC
Panel Boards Motor Starters
Surveillance Monitoring Systems
Signaling Systems
Switchgear
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Mining
Pharmaceuticals Chemicals
Energy Power
Oil Gas
Others
The report covers the analysis of the factors anticipated to drive the Global Explosion Proof Equipment Market growth over the forecast period of 2020-2027. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report considers 2019 as the base year and 2016-2018 as the historical years. It puts examines the drivers and restraints of the Explosion Proof Equipment market and analyzes their impact on the industry throughout the forecast period.
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