Global Explosion-Proof Equipment Market is Expected to Grow at 6.7% in the Forecast Period of 2020 to 2027

Global Explosion-Proof Equipment Market is growing with factors such as continuous increase in the safety concerns due to rising incidence of various accidents in various hazardous environment industries, stringent rules and regulations for handling hazardous areas and growth in oil and gas industry. However, the high capital requirement for the effective implementation and installation of explosion equipment which ultimately increases total cost of installation may obstruct the growth of the market in the given forecast period.

Global Explosion-Proof Equipment Market Scenario                  

According to Data Bridge Market Research, the market for explosion-proof equipment in North America region has the highest market share in global explosion-proof equipment market. Market leader is Johnson Controls which accounts an estimated market share of approximately 9% to 10%. The company has gained outstanding sale through providing explosion-proof equipment.

  • In June 2018, Johnson Controls launched new IP field equipment controllers named as FX-PCV1930-0 and FX-PCA4911-0. These are the programmable equipment controllers which helped in explosion proofing. This has helped the company to increase their product offerings in infield segment and gain customer base.

Explosion-Proof Equipment Market

Trends Impacting the Market

Now the question is which other regions Johnson Controls, Eaton and Bartec are targeting? Data Bridge Market Research has estimated a large growth in Middle East and Africa explosion-proof equipment market and the market leaders targeting Saudi Arabia and UAE to be their next revenue pockets for 2020.

The explosion-proof equipment market is becoming more competitive with companies such as Johnson Controls, Eaton and Bartec as they are the top dominating companies in explosion-proof equipment having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global explosion-proof equipment market.

For more analysis on the global explosion-proof equipment market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-explosion-proof-equipment-market

Global Explosion-Proof Equipment Market Development

  • In February 2019, Honeywell International Inc. launched Micro Switch designed for household appliances and other hazardous locations. These cost-effective switches are designed for the utilization in Zone 2 hazardous locations and can be used in generators, damper equipment, compressors, extraction valves and ducts. This launch helped the company to broaden their product portfolio and acquire new customer base.

Scope of the Global Explosion-Proof Equipment Market

Explosion-proof equipment market is segmented on the basis of countries into the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, Brazil, Argentina and Rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Rest of Middle East and Africa.

  • All country based analysis of explosion-proof equipment market is further analyzed based on further segmentation. On the basis of protection type, the explosion-proof equipment market is segmented into explosion proof, explosion segregation (isolation) and explosion prevention. On the basis of offering, the explosion-proof equipment market is segmented into systems and services. On the basis of class, the explosion-proof equipment market is segmented into class I, class II and class III. On the basis of division, the explosion-proof equipment market is segmented into division 1 and division 2. On the basis of temperature classes, the explosion-proof equipment market is segmented into T1 (> 450 °C), T2 (> 300 °C to < 450 °C), T3 (> 200 °C to < 300 °C), T4 (> 135 °C to < 200 °C), T5 (> 100 °C to < 135 °C) and T6 (> 85 °C to < 100 °C). On the basis of zone, the explosion-proof equipment market is segmented into zone 0, zone 1, zone 2, zone 20, zone 21 and zone 22. On the basis of connectivity, the explosion-proof equipment market is segmented into wired and wireless. On the basis of location, the explosion-proof equipment market is segmented into indoor and outdoor. On the basis of end user, the explosion-proof equipment market is 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.

To know more about the study https://www.databridgemarketresearch.com/reports/global-explosion-proof-equipment-market

Key Pointers Covered in Global Explosion-Proof Equipment Market Industry Trends and Forecast To 2027

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • Intertek Group plc
  • R. STAHL AG
  • Pepperl+Fuchs SE
  • ALLOY INDUSTRY CO., LTD.
  • G.M. International srl
  • Eaton
  • Extronics
  • Adalet
  • BARTEC
  • Honeywell International Inc
  • ABB
  • Siemens
  • Rockwell Automation, Inc
  • Johnson Controls
  • MIRETTI
  • MarechalElectric
  • CorDEX Instruments
  • UMEB ELEKTROMOTOREN
  • Bosch Rexroth AG
  • WEG
  • ZhongTong

To know about more and exhaustive list of explosion-proof equipment companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-explosion-proof-equipment-market

Research Methodology: Global Explosion-Proof Equipment Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

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 overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product and Software Developers, Electronic Engineers, Industrial Professionals, Computer Engineers among others
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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