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Explosion Proof Equipment Trends and Forecast
The future of the global explosion proof equipment market looks promising with opportunities in the oil & gas, chemical & pharmaceutical, food & beverage, and energy & power, and mining markets. The global explosion proof equipment market is expected to reach an estimated $11.8 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are growing adoption of automation among enterprises, increasing concern towards industrial safety, and continual expansion of industrial sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Explosion Proof Equipment by Segment
The study includes a forecast for the global explosion proof equipment by product, connectivity service, end use industry, and region.
Explosion Proof Equipment Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Cable Glands & Accessories
• Process Instruments
• Industrial Controls
• Motors
• Strobe Beacons
• Lighting Products
• Sensors
• Bells & Horns
• Fire Alarms/Call Points
• Others
Explosion Proof Equipment Market by Connectivity Service [Shipment Analysis by Value from 2018 to 2030]:
• Wired
• Wireless
Explosion Proof Equipment Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Oil & Gas
• Chemicals & Pharmaceuticals
• Food & Beverages
• Energy & Power
• Mining
• Others
Explosion Proof Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Explosion Proof Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies explosion proof equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the explosion proof equipment companies profiled in this report include-
• ABB
• Eaton
• R. STAHL
• Marechal Electric
• RAE Systems
Explosion Proof Equipment Market Insights
Lucintel forecasts that wireless is expected to witness the highest growth over the forecast period.
Within this market, mining is expected to witness the highest growth.
North America is expected to witness highest growth over the forecast period.
Features of the Global Explosion Proof Equipment Market
Market Size Estimates: Explosion proof equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Explosion proof equipment market size by product, connectivity service, end use industry , and region in terms of value ($B).
Regional Analysis: Explosion proof equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, connectivity service, end use industry , and regions for the explosion proof equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the explosion proof equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the explosion proof equipment market size?
Answer: The global explosion proof equipment market is expected to reach an estimated $11.8 billion by 2030.
Q2. What is the growth forecast for explosion proof equipment market?
Answer: The global explosion proof equipment market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the explosion proof equipment market?
Answer: The major drivers for this market are growing adoption of automation among enterprises, increasing concern towards industrial safety and continual expansion of industrial sectors.
Q4. What are the major segments for explosion proof equipment market?
Answer: The future of the explosion proof equipment market looks promising with opportunities in the oil & gas, chemical & pharmaceutical, food & beverage, and energy & power, and mining markets.
Q5. Who are the key explosion proof equipment market companies?
Answer: Some of the key explosion proof equipment companies are as follows:
• ABB
• Eaton
• R. STAHL
• Marechal Electric
• RAE Systems
Q6. Which explosion proof equipment market segment will be the largest in future?
Answer: Lucintel forecasts that wireless is expected to witness the highest growth over the forecast period.
Q7. In explosion proof equipment market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the explosion proof equipment market by product (cable glands & accessories, process instruments, industrial controls, motors, strobe beacons, lighting products, sensors, bells & horns, fire alarms/call points, and others), connectivity service (wired and wireless), end use industry (oil & gas, chemicals & pharmaceuticals, food & beverages, energy & power, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Explosion Proof Equipment Market, Explosion Proof Equipment Market Size, Explosion Proof Equipment Market Growth, Explosion Proof Equipment Market Analysis, Explosion Proof Equipment Market Report, Explosion Proof Equipment Market Share, Explosion Proof Equipment Market Trends, Explosion Proof Equipment Market Forecast, Explosion Proof Equipment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Explosion Proof Equipment Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Explosion Proof Equipment Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Explosion Proof Equipment Market by Product
3.3.1: Cable Glands & Accessories
3.3.2: Process Instruments
3.3.3: Industrial Controls
3.3.4: Motors
3.3.5: Strobe Beacons
3.3.6: Lighting Products
3.3.7: Sensors
3.3.8: Bells & Horns
3.3.9: Fire Alarms/Call Points
3.4: Global Explosion Proof Equipment Market by Connectivity Service
3.4.1: Wired
3.4.2: Wireless
3.5: Global Explosion Proof Equipment Market by End Use Industry
3.5.1: Oil & Gas
3.5.2: Chemicals & Pharmaceuticals
3.5.3: Food & Beverages
3.5.4: Energy & Power
3.5.5: Mining
3.5.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Explosion Proof Equipment Market by Region
4.2: North American Explosion Proof Equipment Market
4.2.1: North American Explosion Proof Equipment Market by Connectivity Service: Wired and Wireless
4.2.2: North American Explosion Proof Equipment Market by End Use Industry : Oil & Gas, Chemicals & Pharmaceuticals, Food & Beverages, Energy & Power, Mining, and Others
4.3: European Explosion Proof Equipment Market
4.3.1: European Explosion Proof Equipment Market by Connectivity Service: Wired and Wireless
4.3.2: European Explosion Proof Equipment Market by End Use Industry : Oil & Gas, Chemicals & Pharmaceuticals, Food & Beverages, Energy & Power, Mining, and Others
4.4: APAC Explosion Proof Equipment Market
4.4.1: APAC Explosion Proof Equipment Market by Connectivity Service: Wired and Wireless
4.4.2: APAC Explosion Proof Equipment Market by End Use Industry : Oil & Gas, Chemicals & Pharmaceuticals, Food & Beverages, Energy & Power, Mining, and Others
4.5: ROW Explosion Proof Equipment Market
4.5.1: ROW Explosion Proof Equipment Market by Connectivity Service: Wired and Wireless
4.5.2: ROW Explosion Proof Equipment Market by End Use Industry : Oil & Gas, Chemicals & Pharmaceuticals, Food & Beverages, Energy & Power, Mining, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Explosion Proof Equipment Market by Product
6.1.2: Growth Opportunities for the Global Explosion Proof Equipment Market by Connectivity Service
6.1.3: Growth Opportunities for the Global Explosion Proof Equipment Market by End Use Industry
6.1.4: Growth Opportunities for the Global Explosion Proof Equipment Market by Region
6.2: Emerging Trends in the Global Explosion Proof Equipment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Explosion Proof Equipment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Explosion Proof Equipment Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ABB
7.2: Eaton
7.3: R. STAHL
7.4: Marechal Electric
7.5: RAE Systems
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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