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
Report Metric
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Details
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Forecast Period
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2020 to 2027
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Base Year
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2019
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Historic Years
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2018 (Customizable to 2012 - 2017)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware, Software and Services), Temperature Class (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)), Zone (Zone 0, Zone 1, Zone 2, Zone 20, Zone 21, and Zone 22), Connectivity Service (Wired and Wireless), Location (Indoor and Outdoor), End User (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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Countries Covered
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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
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Market Players Covered
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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.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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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.
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.
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.
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
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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Global Explosion-Proof Equipment Market – Industry Trends and Forecast to 2028
Asia-Pacific Explosion-Proof Equipment Market – Industry Trends and Forecast to 2028
Middle East and Africa Explosion-Proof Equipment Market – Industry Trends and Forecast to 2028
Europe Explosion-Proof Equipment Market – Industry Trends and Forecast to 2028
North America Explosion-Proof Equipment Market – Industry Trends and Forecast to 2028
China Explosion-Proof Equipment Market – Industry Trends and Forecast to 2029