Global explosion proof equipment market

Global Explosion Proof Equipment Market Forecast 2016 – 2024

Summary

Global Explosion Proof Market Overview

Explosion Equipment Market is projected to reach $10 billion by 2024, having a CAGR of 9.2 % during the forecast period of 2017 to 2024. Oil and gas industry segment has generated highest revenue in 2016 and expected to grow with highest CAGR for forecasted period.

 Explosion can be defined as extreme uncontrolled impulse in stream on energy.

The energy can be mechanical, electrical or nuclear in nature.  Various factors are responsible for explosion such as increased pressure, nuclear reactions, leakage of gases and dust.  Some products are specifically designed to withstand the explosions and these are known as explosion proof equipments.  Explosion proof equipment can be termed as those equipment/devices which have protection means for the isolation of casing, making the casing enough robust that none of the external environmental factors can affect that.

Market Dynamics

 Increased the adoption of explosion proof equipment in oil & gas industries, exploration of new mining sites and a steep rise in the demand of explosion proof equipment in automation sector are major drivers of the global explosion proof market.  Adoption of explosion equipments by manufacturing firms due to extreme manufacturing conditions and stringent safety regulations for hazardous areas are also key drivers of the global explosion proof equipment market.  However, lack of standardization, floundering of mineral and mining industries globally are key restrains of the global explosion proof equipment market.  The increased demand for integrated explosion proof systems and huge investment in explosion proof equipment market are prime opportunities for the explosion proof equipment market.

Market Segmentation

 The global explosion proof equipment market is segmented based on Industry Vertical, equipment type, applicable system type and region.  Industry vertical is further classified as pharmaceuticals, manufacturing, marine, food processing, oil & gas, mining and others.  By equipment type, the market is segmented into explosion prevention, explosion segregation and explosion proof equipment.  Based on applicable system type, the market is segmented as cable glands, junction boxes and enclosures, lighting systems, material handling systems, automation systems, surveillance and monitoring, signaling systems and others.  Regionally the market is segmented as North America, Europe, Asia-Pacific and Rest of World.  North American region generated the highest revenue in terms of explosion proof equipment market in 2016, owing to emerging manufacturing industries in the region.

 Key market leaders of global explosion proof equipment market are            

Adalet Intertek Group Plc Extronics Ltd Bartec Group R. Stahl AG Pepperl+Fuchs Gmbh Siemens AG Rockwell Automation, Inc. Cooper Industries (Eaton) ABB Group BCom Solutions,Inc. Honeywell International Inc.

Related Reports

 Global (North America, Europe and Asia-Pacific, South America, Middle East an d Africa) Electrodialysis Equipment Market 2017 Forecast to 2022

 Asia-Pacific Agricultural Equipment Rubber Track Market by Manufacturers, Reg ions, Type and Application, Forecast to 2022  Asia-Pacific Aircraft Galley Equipment Market by Manufacturers, Regions, Type and Application, Forecast to 2022

 Asia-Pacific Digital Mammography Equipment Market by Manufacturers, Regions , Type and Application, Forecast to 2022  Global Road Transport Refrigeration Equipment Market Research Report 2017

Full Reports

Global Explosion Proof Equipmen t Market Forecast 2016 – 2024 Contact us at Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Email: poonam@bharatbook.com Our Blog: https://www.bharatbook.com/blog/ Twitter: https://twitter.com/researchbook Facebook: https://www.facebook.com/BharatBook3B LinkedIn: http://www.linkedin.com/company/bharat-book-bureau