Global Explosion Proof Equipment Market: Industry Analysis and Opportunity Assessment

Explosion-proof equipment can be found in a variety of industries, including aerospace and aircraft repair facilities, construction sites, HVAC systems, manufacturing and machine processing units, mining, and oil and gas extraction. Lighting, surveillance, and signaling techniques are among the most used types of equipment in the sector. As a result of a rise in workplace mishaps and mine explosions, regulatory authorities like as OSHA are enforcing stricter laws to protect workers and the environment. Since environmental protection is a primary priority, governments are aware that oil and shale reserves are generally located in environmentally sensitive areas.

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Data Bridge Market Research analyses that the Explosion-Proof Equipment Market is expected to grow at a CAGR of 6.70% during the forecast period of 2021 to 2028, at a USD 6,256.88 million in 2020 and is further estimated to reach USD 10,511.72 million by 2028. The increasing number of explosions in the mining, oil and gas, and other industries, as well as the exposure of people and equipment to a hazardous environment prone to explosions and fires, is propelling the market forward. Furthermore, the government has enacted stringent policies to safeguard human life and infrastructure. Other factors influencing market expansion include rapid advancement in sectors and the automobile industry. An increase in energy use is matched by an increase in natural gas and coal demand.

High risks associated with explosives is expected to drive the market's growth rate

Given that there is a high risk of fire or explosion hazards occurring due to the presence of flammable gases, combustible liquid-produced vapors, combustible dust, or ignitable fibers/flying particles present in sufficient quantities in the air to produce explosive mixtures that may ignite on exposure, the mining industry is expected to gain significant market share in the future by installing explosion-proof equipment to address the challenges faced in the mining industry. Despite significant efforts by nations to minimize explosion disasters, mining remains the most risky occupation. In a mining scenario, the greatest number of people are at risk, resulting in multiple fatalities. As a result, many businesses now deploy devices to detect leaks and prevent disasters.

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.

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 48.40% 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. Systems segment is expected to dominate the global explosion-proof equipment market with 100.50% 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.

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 71.30% 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. Division 1 segment is expected to dominate the global explosion-proof equipment market with 75.10% 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). T3 (> 200 °C to < 300 °C) segment is expected to dominate the global explosion-proof equipment market with 40.30% 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. Wired segment is expected to dominate the global explosion-proof equipment market with 62.70% 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. Indoor segment is expected to dominate the global explosion-proof equipment market with 68.70% 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. Zone 0 segment is expected to dominate the global explosion-proof equipment market with 38.10% 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. Oil and gas segment is expected to dominate the global explosion-proof equipment market with 26.50% 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 market players: 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).

Market Development

• In 2022, ARCHON Industries, Inc. announced the launch of their revolutionary explosionproof light in August. The EX20100 luminaire is intended to continuously illuminate process vessels, tanks, distillation columns, and other industrial equipment in both hazardous (HazLoc) and nonhazardous environments.
• In 2022, Pyroban relaunched Ex Solutions Consulting in February to help a rising number of manufacturers who need to solve their Ex design and certification requirements or address a skills shortage. The service assists manufacturers in bringing explosion-proof items to market as quickly as feasible while incurring the least amount of Ex certification fees.
• In 2022, Mitsubishi Heavy Industries, Ltd. (MHI) completed the creation of a second-generation "EX ROVR," a plant inspection robot with explosion-proof features, in partnership with ENEOS Corporation, by utilising remote maintenance technology for nuclear power plants.

Regional Analysis

Geographically, the countries covered in the 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 the explosion-proof equipment market during the forecast period 2021-2028

North America is likely to dominate the market since it has the most manufacturing facilities and oil and gas industries in the world. The United States dominates the North America area because to its higher consumption, industry, and component producers.

Asia-Pacific is estimated to be the fastest growing region in the explosion-proof equipment market in the forecast period 2021-2028

Asia-Pacific is expected to see considerable growth in the explosion-proof equipment market and will score the highest CAGR during the forecast period. China dominates the Asia Pacific region owing to the presence of many relevant businesses.

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