Global Explosion-Proof Equipment Market is Growing with a CAGR of 6.7% in the Forecast Period of 2021 to 2028

Global Explosion-Proof Equipment Market is growing with factors such growing adoption of integrated systems in manufacturing facilities, increase in safety concerns due to rising incidence of various accidents in various hazardous environment industries.

Increase in digitalization and automation of business processes and increasing demand for low-cost, high light output lighting solutions have propelled the demand of the market. However, the high cost of systems is hindering the growth on the market.

Global Explosion-Proof Equipment Market Scenario             

According to Data Bridge Market Research, the market for global explosion-proof equipment in North America has the highest market share followed by Europe and Asia-Pacific.  Prospectus leader on the market of explosion-proof equipment are Honeywell International Inc. with the highest market share of 13.48%, followed by Bosh Rexroth AG, ABB, and Eaton.

  • In February 2019, Honeywell International Inc. launched Micro Switch designed for household appliances and other hazardous locations. These switches were cost-effective and are designed for use in Zone 2 hazardous locations. These switches 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.

Explosion-proof Equipment Market Trends Impacting the Market

Now the questions who are the key vendors & niche leaders of the explosion-proof equipment market? Data Bridge Market Research has forecasted a large growth in Asia Pacific explosion-proof equipment market and the market leaders are targeting China and Japan to be their next pocket revenue for 2021.

The explosion-proof equipment market is becoming more competitive with companies like R. STAHL AG, Extronics, Honeywell International Inc., ABB, CorDEX Instruments, BARTEC, Eaton, Pepperl+Fuchs SE, and Bosch Rexroth AG. These are the top dominating companies in explosion-proof equipment market and have launched advanced services and solutions in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global explosion-proof equipment market.

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Explosion-Proof Equipment Market Developments

  • In January 2020, R. STAHL AG expanded their lighting technology added with modern explosion-protected lighting systems with DALI interfaces named as EXLUX variants. The new EXLUX variants were specifically designed for lighting management for general and emergency lighting and even up to Zone 1 protection from explosion. This has helped the company to enhance their product portfolio.
  • In May 2020, Eaton launched New Recessed HRL LED explosion-proof lighting which is suitable for extreme temperature environment and hazardous explosion-proof areas. This product has excellent performance and 50% cost saving and energy consumption capabilities than the traditional and ensure the safety of working conditions. Through this, the company will enhance their product portfolio in the market.

Scope of the Explosion-Proof Equipment Market

All country based analysis of the global explosion-proof equipment market is further analysed based on maximum granularity into further segmentation. On the basis of offering, the explosion-proof equipment market is segmented into hardware, software and services. On the basis of temperature class, 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 oil and gas, chemical and petrochemical, energy and power, mining, pharmaceutical, food processing, marine and ship building, aerospace, military and defense and others.

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Key Pointers Covered in Explosion-Proof Equipment Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Explosion-proof equipment market
  • Company profiling of top eight players of Explosion-proof equipment market

Key Market Competitors Covered in the Report

  • R. STAHL AG
  • Extronics
  • Honeywell International Inc
  • ABB
  • CorDEX Instruments
  • BARTEC
  • Eaton
  • Pepperl+Fuchs SE
  • Bosch Rexroth AG
  • MarechalElectric
  • Pelco Corporations
  • DEHN SE + Co KG
  • Schneider Electric
  • nVent
  • Axis Communications AB
  • CLEARVIEW COMMUNICATIONS LTD
  • Zenitel
  • MIRETTI
  • Emerson Electric Co.

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 analyzed 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: Manufacturer, Healthcare Industry, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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