Growing Energy Requirements Drives the Demand for Exploration of New Mines and Oil and Gas Drive the Demand for Explosion Proof Equipment Market

Many tier 2 and tier 3 manufacturers offer off-the-shelf single-phase and three-phase explosion proof AC and DC motors. Low-voltage motors are used in the oil and gas industry in pumps, compressors, and blowers. The expansion of both onshore (shale extraction) and offshore (FPSO and offshore production units) activities in the oil and gas industry is expected to drive the growth of low-voltage motors.

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Data Bridge Market Research analyses that the explosion proof equipment market is expected to grow at a CAGR of 6.7% in the forecast period of 2020 to 2027 and is expected to reach USD 11,589.33 million by 2027.

Increase in the energy demand is expected to drive the market

A significant increase in energy demand and a rapid growth in offshore oil production site installations are driving the adoption of explosion proof equipment to conduct day-to-day oil and gas extractions safely. Aside from that, market participants are developing equipment that offers remote solutions while performing tasks, such as iron roughnecks, rig tong controls, crane and hoist operations, cement head pumps, rotary tables, and drill hydraulics and pneumatics. Furthermore, they are introducing automated products that include spark-resistant devices, signaling systems, media converters, and industrial monitors that can work in harsh environments. These innovations are expected to have a positive impact on overall sales.

Report Scope and Market Segmentation

Segment Analysis:

Global explosion-proof equipment market is segmented into nine notable segments which are based on the protection type, offering, class, division, temperature classes, zone, connectivity, location and end user.

• On the basis of protection type, the explosion-proof equipment market is segmented into explosion proof, explosion segregation (isolation) and explosion prevention.

In 2020, explosion prevention segment is expected to dominate the global explosion-proof equipment market

Explosion prevention segment is expected to dominate the global explosion-proof equipment market with 47.9% market share due to vast adoption of intrinsic safe devices which never allow ignition to happen at first place. Moreover, explosion prevention protection is considered as an ideal approach for hazardous locations as it prevents an explosion taking place.

• On the basis of offering, the explosion-proof equipment market is segmented into systems and services. In 2020, systems segment is expected to dominate the global explosion-proof equipment market with 100.0% market share due to surging installation of explosion-proof systems such as enclosures, cable glands, surveillance and monitoring devices and others which prevent an internal spark from blast.
• On the basis of class, the explosion-proof equipment market is segmented into class I, class II and class III.

In 2020, class I segment is expected to dominate the global explosion-proof equipment market

Class I segment is expected to dominate the global explosion-proof equipment market with 70.8% market share due to higher chances of occurrence of any hazard as flammable vapours and gases are present in the class I locations. As a result, there is increased requirement for explosion-proof equipment, thereby supporting towards the market growth.

• On the basis of division, the explosion-proof equipment market is segmented into division 1 and division 2. In 2020, division 1 segment is expected to dominate the global explosion-proof equipment market with 74.6% market share attributed to increased probability of explosive gas atmosphere in normal operation conditions, mainly in industries such as oil and gas, chemicals and petrochemicals, refining, and others. Additionally, this category also includes hazards which have happened due to frequent equipment failure or maintenance or repair work in factories.
• 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). In 2020, T3 (> 200 °C to < 300 °C) segment is expected to dominate the global explosion-proof equipment market with 39.8% market share due to maximum share of oil and gas and energy applications which are suitable for T3 rating meaning that all the equipment must range in a surface temperature of 200°C to 300°C.
• On the basis of connectivity, the explosion-proof equipment market is segmented into wired and wireless. In 2020, wired segment is expected to dominate the global explosion-proof equipment market with 62.2% market share due to factors such as reduced number of attacks pertaining to network traffic interruptions, improved consistency and reliability and it also carry high data over longer distances.
• On the basis of location, the explosion-proof equipment market is segmented into indoor and outdoor. In 2020, indoor segment is expected to dominate the global explosion-proof equipment market with 68.2% market share due to maximum chances of occurring hazards in indoor industrial plants of oil and gas, mining, chemical, energy and power and other industries.
• 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. In 2020, zone 0 segment is expected to dominate the global explosion-proof equipment market with 37.6% market share due to the presence of ignitable concentrations of flammable gases, vapours or liquids which are present continuously or for longer period of time under normal operating conditions.
• 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. In 2020, oil and gas segment is expected to dominate the global explosion-proof equipment market with 26.0% market share due to stronger prevalence of vapours, high exposure to hazardous chemicals and gases and risky operations such as oil and gas extraction, drilling fluids and others.

Major Players

Data Bridge Market Research recognizes the following companies as the major explosion proof equipment market players in explosion proof equipment market are Group plc (U.K.), R. STAHL AG (Germany), Pepperl+Fuchs SE (Germany), ALLOY INDUSTRY CO., LTD. (Thailand), G.M. International srl (Italy), Eaton (U.S.), Extronics (U.K.), Adalet (U.S.), BARTEC (Germany), Honeywell International Inc (U.S.), ABB (Switzerland), Siemens (Germany), Rockwell Automation, Inc. (U.S.), Johnson Controls (Ireland), MIRETTI (Italy), UMEB ELEKTROMOTOREN (Kenya), Bosch Rexroth AG (Germany), WEG (Brazil) among others.

Market Development

• In July 2020, Herida Healthcare, in collaboration with North Tees and Hartlepool Solutions, joined forces with NHS to manufacture highly sterilised medical gowns in response to increased demand for PPE.
• In May 2020, 3M and Ford has started to ship their newly designed powered air-purifying respirators for health care workers who are fighting COVID-19. This has helped to strengthen the market presence of the company as well as to quicken its growth trajectory particularly in the long term.
• In July 2020, Rockwell Automation, Inc. launched a new I/O modules named as Allen-Bradley 1718 Ex I/O modules to simplify device connections in Zone 0 and Zone 1 hazardous areas. The Allen-Bradley 1718 Ex I/O modules can be used in industries such as chemical, oil and gas and food and beverage. This will help the company to improve their product portfolio and raise in the market.
• In January 2020, ABB launched smart sensor for rotating to machine monitor powertrain equipment in hazardous areas. These smart sensors allow customers to see complications earlier and offer more nursing abilities, communication range and exceptional battery life certified with ATEX, IECEx and NEC. This has helped the company to enhance their product portfolio and customer base in the market.

Regional Analysis

Geographically, the countries covered in the explosion proof equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

As per Data Bridge Market Research analysis:

North America is the dominant region in explosion proof equipment market during the forecast period 2020 - 2027

In 2019, North America dominated the explosion proof equipment market due to the highest number of manufacturing facilities along with oil and gas industries worldwide.

Asia-Pacific is estimated to be the fastest growing region in explosion proof equipment market the forecast period 2020 - 2027

Asia-Pacific is expected to grow during the forecast period due to the presence large number of industries. 

COVID-19 Impact Analysis

The recent COVID-19 outbreak and nationwide lockdowns have impacted the global demand for Explosion-proof Equipment. This also had an impact on electronics demand in 2020b. However, demand is expected to return to normal in the long run, with only a minor curve.

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