CONDUIT JOINT MARKET OVERVIEW
Explosion-proof conduit joints are essential components used to connect explosion-proof conduit systems. These joints are designed to prevent flammable gases or vapors from entering the interior of the duct system, reducing the risk of explosions. They are widely used in industries like oil & gas, chemicals, and pharmaceuticals.
MARKET SIZE AND GROWTH
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MARKET SIZE (2023):
APPROXIMATELY USD 347
MILLION PROJECTED MARKET SIZE (2032): AROUND USD 538.31
MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 5.00% DURING THE FORECAST PERIOD.
MARKET SEGMENTATION
By Type
Threaded Conduit Joints
Flange Conduit Joints
Crimp Conduit Joints
Others
By Application
Oil and Gas Industry
Chemical Industry
Pharmaceutical Industry
Other Industrial Applications
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
EUROPE
MIDDLE EAST & AFRICA
Growth driven by oil & gas
exploration and refining industries
SOUTH AFRICA
Economic development and infrastructure projects boost adoption
NORTH AMERICA
Increasing demand in oil & gas, chemical, and pharmaceutical industries
Strong compliance with explosion protection standards
ASIA-PACIFIC
Industrial expansion and increasing focus on safety in hazardous environments
KEY PLAYERS
Eaton
Lapp
Group
Hubbell
ABB
Emerson
