Explosion Proof Equipment Market to Reach USD 9884.3 Million by 2027 at a CAGR of 3.9% | Valuates Reports
BANGALORE, India, Dec. 2, 2021 /PRNewswire/ -- The Explosion Proof Equipment Market is Segmented by Type (Explosion-proof Lamp, Explosion-proof Electrical Equipment, Explosion-proof Instrument), by Application (Manufacturing Processing, Mining, Oil & Gas). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Heavy Machinery Category.
In 2020, the global Explosion Proof Equipment market size was USD 7562 Million and it is expected to reach USD 9884.3 Million by the end of 2027, with a CAGR of 3.9% during 2021-2027.
Major factors driving the growth of the explosion-proof equipment market:
The explosion-proof equipment market is being driven by factors such as increased industrial safety procedures and rising energy demands.
The Explosion Proof Equipment market is being driven by the increased use of integrated systems in manufacturing facilities, as well as an increase in safety concerns as a result of the rising incidence of various accidents in various hazardous environment industries.
Inquire for Free Sample:
https://reports.valuates.com/request/sample/QYRE-Auto-28X2849/Global_Explosion_Proof_Equipment_Market
TRENDS INFLUENCING THE GROWTH OF EXPLOSION-PROOF EQUIPMENT MARKET
The demand for energy and fuel grows in tandem with the increase in energy consumption. This boosts the explosion proof equipment market, which is frequently employed to prevent explosions during natural-resource-based power generation. With the world's need for coal to meet its energy needs, new places for coal reserves are being examined.
The mining industry is expected to hold the largest explosion proof equipment market share, because there is a high risk of fire or explosion hazards. Some of the factors leading to the high risks are the presence of flammable gases, combustible liquid–produced vapors, combustible dust, or ignitable fibers/flying particles present in the air in quantities sufficient to produce an explosion. The accumulation of flammable and toxic gases, as well as combustible dust, causes the majority of explosions in underground mines and processing plants. While governments have made significant efforts to minimize explosion disasters, mining remains the most dangerous occupation since the number of individuals exposed to risk in a mining environment is the greatest, and it also results in the most fatalities.
Due to lower installation costs, the need for cable-free operations, and a reduction in space and weight, the explosion proof equipment market for wireless communication services is predicted to rise at a faster rate over the forecast period. Wireless devices can reduce the number of devices placed, as well as the amount of cabling and other installation equipment required, resulting in lower installation costs and labor costs.
Various governments throughout the world are launching programs to help the building industry. The increase in commercial building construction is expected to give lucrative chances for the Explosion Proof Equipment market to expand.
Browse the Table of Contents and List of figures at: https://reports.valuates.com/reports/QYRE-Auto-28X2849/global-explosion-proof-equipment
EXPLOSION PROOF EQUIPMENT MARKET SHARE ANALYSIS:
Based on application, the mining industry holds a significant share during the forecast period. Based on region, North America is the major region of the global market, which takes about 30% market share. Eaton, Emerson, R.Stahl Inc. are the leaders of the Explosion Proof Equipment industry, which take about 25% market share.
Get Customised Data: https://reports.valuates.com/request/customisation/QYRE-Auto-28X2849/Global_Explosion_Proof_Equipment_Market
EXPLOSION PROOF EQUIPMENT MARKET SEGMENTATION
By Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- UK.
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Key Companies
- Eaton
- Emerson
- Siemens
- Stahl Inc
- Pepperl+Fuchs
- ABB
- GE
- Toshiba
- BARTEC
- WEG
- Warom
- Wolong
- Dianguang Technology
- Feice
- Hengtong
- Bada Electric
- Shlmex
- Helon
- Huaxia.
Chapter Cost Request: https://reports.valuates.com/request/chaptercost/QYRE-Auto-28X2849/Global_Explosion_Proof_Equipment_Market
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-28X2849&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- In 2020, the global Explosion Proof Solenoid Valves market size was USD 549.7 Million and it is expected to reach USD 668 Million by the end of 2027, with a CAGR of 2.8% during 2021-2027.
- In 2020, the global Electrical Explosion Proof Equipments market size was USD 7107.7 Million and it is expected to reach USD 9166 Million by the end of 2027, with a CAGR of 3.7% during 2021-2027.
- Global and China Explosion Proof Inverter Market Insights, Forecast to 2027
- Global and Japan Explosion-Proof Motors Market Insights, Forecast to 2027
- Global and Japan LED Explosion-Proof Lamp Market Insights, Forecast to 2027
- Global Explosion Proof Instrument Enclosures Sales Market Report 2021
- Global Mechanical Explosion Proof Equipment Sales Market Report 2021
- Global and Japan Explosion Proof Stepper Motors Market Insights, Forecast to 2027
- Global and United States Explosion Proof Servo Motor Market Insights, Forecast to 2027
- Global Explosion-proof Appliances Market Size, Status and Forecast 2021-2027
- Global Explosion-Proof Speaker for Factory Market Research Report 2021
Click here to see related reports on Explosion Proof Equipment Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detailed research methodology employed to generate the report, Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Follow on Twitter - https://twitter.com/valuatesreports
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow on Facebook - https://www.facebook.com/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article