Explosion Proof Equipment Market Competitive Landscape, Research Methodology, Business Opportunities
- elizabethsanchez28
- Sep 12, 2021
- 4 min read
The global Explosion Proof Equipment Market is forecasted to be worth USD 10.77 Billion by 2027, according to a current analysis by Emergen Research. The Explosion Proof Equipment market is forecasted to grow substantially throughout the forecast period due to the growing government policies in labor protection. The rising willingness to improve protection in industrialized areas is expected to further augment the market growth. Besides, The increasing concern for preventing explosions among several industries is also expected to boost the market growth.
COVID-19 pandemic and its impact on the Explosion Proof Equipment market and key segments is considered as a key contributor while formulating the market report. The report covers the present and future impact of the pandemic and offers a revenue estimation and a futuristic outlook of the market growth in a post-COVID-19 scenario. The report presents an extensive analysis of the emerging trends of the market and dynamic changes in the demand and supply chains.
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Key Highlights From The Report
In October 2020, Rockwell Automation Inc. has announced the acquisition of Oylo, a privately held supplier of industrial cybersecurity systems. In this rapidly developing market, the acquisition of Oylo further increases Rockwell’s global distribution platform and extends the range of cybersecurity services applicable to the industrial market.
Due to the rising number of production and processing of ferrous and nonferrous materials in this region, Europe is expected to dominate the market over the forecasted period. Moreover, the rapid expansion of the pharmaceutical, oil & gas, and chemical industry is a major factor in Europe's market growth.
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.
The global Explosion Proof Equipment market is a segmented market. The market segments are generated based on product types offered in the market, their applications, end-user industries, different types of technologies, and key regions of the market.
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 begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers. The market offers a panoramic view of the industry through a thorough analysis of the key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Detailed Analysis of the Regions of the Explosion Proof Equipment Market Include Regions such as:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Features of the Report:
Comprehensive assessment of the COVID-19 impact on the growth of the Explosion Proof Equipment market
Strategic recommendations to the key players and new entrants
Value chain analysis and pricing analysis of the Explosion Proof Equipment market
Country-wise and region wise assessment of the market growth and market size
Growth forecast and revenue estimation of the Explosion Proof Equipment market
Detailed assessment of key market drivers, restraints, growth prospects, and limitations
8-year forecast of the global Explosion Proof Equipment market
Table of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Explosion Proof Equipment Market Segmentation & Impact Analysis 4.1. Explosion Proof Equipment Market Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. The rising awareness to prevent explosion 4.2.2.2. The rising government initiatives for labor safety 4.2.3. Market restraints analysis 4.2.3.1. Lack of standardization 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
CONTINUED…!
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