Global Explosion-Proof Equipment Market is said to grow with the CAGR of 6.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global explosion-proof equipment market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

Honeywell International Inc. is the dominating player in global explosion-proof equipment market and the other key players existing in the market includes Extronics, ABB, CorDEX Instruments, BARTEC, Eaton, R. STAHL AG, Pepperl+Fuchs SE, Bosch Rexroth AG, MarechalElectric, Pelco Corporations, DEHN SE + Co KG, Schneider Electric, nVent, Axis Communications AB, CLEARVIEW COMMUNICATIONS LTD, Zenitel, MIRETTI, and Emerson Electric Co. among others.

Honeywell International Inc.

Honeywell International Inc is headquartered in North Carolina, U.S. and was founded in 1885. The company is engaged in manufacturing and providing building technologies, performance materials & technologies and safety & productivity solutions. The company offers wide range of business segments such as aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solutions in which safety and productivity solutions is the market focused segment. The company offers wide range of products categories such as aerospace, buildings & cities, chemicals & materials, health care & pharma, industrial & manufacturing, retail, safety, sporting goods and supply chain in which safety is the market focused category.

• 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

The company has global presence across North America, Latin America, Asia-Pacific, Europe, and Middle East and Africa.

Bosch Rexroth AG

Bosch Rexroth AG is headquartered in Lohr am Main, Germany and was founded in 2001. The company is engaged in developing and providing mechanical and plant engineering solutions through technology and industry knowledge. The company offers wide range of products categories such as assembly technology, electric drives and controls, gear technology, industrial hydraulics, linear motion technology, mobile hydraulics and electronics, molding and casting technology, tightening technology, welding technology, production assistants (APAS), components for mobile robotics, extreme engineering in which electric drives and controls and industrial hydraulics are the market focused categories.

• In 2014 December, Bosch Rexroth AG received an award named as Industry 4.0 Award for the best integration of human, process and machine by the trade journal "Produktion" along with ROI Management Consulting AG. This has encouraged the company to bring more and more innovations in the market

The company has global presence across Americas, Asia-Pacific and Europe.

ABB

ABB is headquartered in Zurich, Switzerland and was founded in 1988. The company offers solution based out on technology to the power grid, automation, and electrification sector among others. Company operates in business segments such as electrification products, robotics and motion, power grids and industrial automation of which industrial automation is the market focused segment. The company offers wide range of products categories such as control room solutions, communication networks, drives, high voltage products, low voltage products and systems, measurement and analytics, mechanical power transmission, medium voltage products, metallurgy products, motor and generators, plc automation, power converters and inverters, robotics, semiconductors, substation automation, protection and control, transformers, control systems, distributed energy resources and micro grids, electric vehicle charging infrastructure, enterprise software, FACTS, HVDC, marine vessels network management, offshore wind connections, operations management software, power consulting, power electronics, safety, substation automation, protection and control, sun stations and electrification, turbocharging, UPS and power conditioning in which low voltage products and systems is the market focused category.

• In January 2020, ABB launched smart sensor for rotating to machines monitor powertrain equipment in hazardous areas. These smart sensors allow customers to see problems earlier and offer more monitoring capabilities, 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

The company has wide global presence across Asia-Pacific, Europe, Middle East and Africa, Latin America and North America.