The increasing adoption of integrated systems in industrial facilities and growing safety concerns because of the increasing incidence of numerous accidents in hazardous working environments are accelerating the market growth during the forecast period. Furthermore, technological advancements have brought innovations such as strobe beacons, explosion-proof industrial control panels, tone generators and cable glands to deal with hazardous conditions in hazardous environments. Also, the increasing demand for using robots in hazardous area applications is analyzed to positively influence the growth of explosion-proof equipment over the forecast period.
Data Bridge Market Research shows that the China Explosion-Proof Equipment Market accounted for USD 437.34 million in 2021 and is expected to reach USD 821.57 million by 2029. The market is expected to grow with a CAGR of 8.20% from 2022 to 2029.
"Increasing demand for explosion-proof equipment in the mining industry is expected to drive the market growth"
The mining industry is prone to high explosion or fire hazards because of combustible liquid–produced vapors, flammable gases, or ignitable flying particles present in enough quantities in the air to produce explosive mixtures. The accumulation of toxic gases and flammable and combustible dust causes high explosions in processing plants and underground mines. As a result of these factors, there is a growing demand for enclosures in flameproof equipment, which accounts for a major share of the explosion-proof equipment market due to a rise in the mining activity mining industry. Therefore, increasing demand for explosion-proof equipment in the mining industry is expected to drive the market's growth during the forecast period.
What restraints the growth of the explosion-proof equipment market?
"A variety of safety regulations prevent manufacturers from providing uniform products."
Various safety regulations in China are creating several issues for companies to manufacture products compatible with all safety regulations, posing a substantial challenge to the growth of the explosion-proof equipment market. As a result of safety regulations, new entrants to the market are having difficulty developing products compatible with all regulations, thus hampering the growth of the explosion-proof equipment market during the forecast period.
Segmentation: China Explosion-Proof Equipment Market
Explosion-proof equipment market is segmented on the basis of offering, method of protection, temperature class, zone, class, connectivity service, location, and end user.
- On the basis of offering, the China explosion-proof equipment market has been segmented into hardware, software and services.
- On the basis of method of protection, the China explosion-proof equipment market has been segmented into explosion prevention, explosion proof and explosion segregation (isolation).
- On the basis of temperature class, the China explosion-proof equipment market has been segmented into T1 (>450oC), T2 (>300 oC to <450 oC), T3 (>200 oC to <300 oC), T4 (>135 oC to <200 oC), T5 (>100 oC to <135 oC) and T6 (>85 oC to <100 oC).
- On the basis of zone, the China explosion-proof equipment market has been segmented into zone 0, zone 1, zone 2, zone 20, zone 21 and zone 22.
- On the basis of class, the China explosion-proof equipment market has been segmented into class I, class II and class III.
- On the basis of connectivity service, the China explosion-proof equipment market has been segmented into wired and wireless.
- On the basis of location, the China explosion-proof equipment market has been segmented into indoor and outdoor.
- On the basis of end user, the China explosion-proof equipment market has been segmented into mining, energy and power, oil and gas, chemical and petrochemical, pharmaceutical, food processing, manufacturing, refining, marine, military and defense, construction, waste management, aerospace and others.
Recent Developments: China Explosion-Proof Equipment Market
- In 2020, NJZ Lighting Technology Co., Ltd. announced the introduction of the updated Defender series C1D2. The company improved safety, upgraded the product appearance, and optimized wiring methods. The defender series of explosion-proof lights has been the company's best retailing product in the past few years.
- In 2020, Phoenix Mecano AG announced the launch of a ROSE polyester explosion-proof enclosure. This launch had diverse applications and is remarkable for its superior resistance to chemicals. These were structured to be lightweight and suitable for outdoor applications. This improved the product portfolio of the company in the market
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/china-explosion-proof-equipment-market
The Prominent Key Players Operating in the Explosion-Proof Equipment Market Include:
- Honeywell International Inc. (U.S.)
- ABB (Switzerland)
- Siemens (Germany)
- Eaton (Ireland)
- Rockwell Automation, Inc. (U.S.)
- Intertek Group Plc (U.K.)
- Pepperl+Fuchs (Germany)
- Songbei Explosion-Proof Electric Co., Ltd. (China)
- Zhejiang Tormin Electrical Co., Ltd (China)
- R. STAHL AG (Germany)
- Warom Technology Incorporated Company (China)
- Helon Explosion-Proof Electric Co., Ltd. (China)
- Phoenix Mecano AG (Switzerland)
- Hubbell (U.S.)
- Feice Explosion-proof Electric Co., Ltd. (China)
- Jiangsu Xianda Explosion-Proof Co., Ltd (China)
Above are the key players covered in the report, to know about more and exhaustive list explosion-proof equipment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: China Explosion-Proof Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Explosion-proof equipment and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
