Explosion Proof Equipment Market Snapshot (2023 to 2033)

The global explosion proof equipment market is expected to expand from USD 7,520.18 million in 2023 to USD 10,160.5 million by 2033. According to FMI, the market is predicted to grow at a CAGR of 3.4% over the forecast period.

The explosion is described as an uncontrolled rise in the energy of a system, which can be nuclear, mechanical, or nuclear, resulting in an increase in temperature and gas evacuation. There are several causes of explosions, including increasing pressure, nuclear reactions, gas leaks, dust, and others.

Several sorts of protection methods are taken into account when developing items for electrical, mechanical, nuclear, and chemical usage in order to prevent these explosions, and these devices/products are referred to as explosion proof.

Data Points Key Statistics
Expected Market Value (2023) USD 7,520.18 million
Anticipated Forecast Value (2033) USD 10,160.5 million
Projected Growth Rate (2023 to 2033) 3.4% CAGR

The word explosion proof does not imply that the object is expected to resist an explosion, but rather that it contains some form of explosive substance or gases within its case or housing, preventing sparks from within its housing from igniting gases or vapors in the surrounding environment.

In a broader sense, explosion proof equipment is defined as equipment that contains explosive material and, consequently, has a protection principle that means explosion prevention by varying operating energy or making it so robust that it cannot let explosion come out of the case and also cannot let the external environment with high temperature or spark cause an explosion inside by isolating its housing, which is typically made of stainless steel or cast aluminum.

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Explosion Proof Equipment Demand Analysis (2018 to 2022) Vs Market Outlook (2023 to 2033)

The global demand for explosion proof equipment is projected to increase at a CAGR of 3.4% during the forecast period, reaching a total of USD 10,160.5 million by 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 2.6%.

Global market growth is expected to be fuelled by rising demand for integrated systems, advancements in the automation industry, expansion in industrial sectors, and rigorous government laws in managing hazardous regions.

The demand for energy and fuel grows in tandem with rising energy consumption. This boosts the market for explosion-proof equipment, which is frequently employed to avoid explosions during natural resource power generation. With the globe relying on coal to satisfy its energy needs, new places for coal deposits are being examined.

Which Are Some Prominent Drivers of Explosion Proof Equipment Market?

Increased Adoption of Explosion Proof Equipment in the Oil and Gas Industries

For the past few years, explosion proof equipment manufacturers have been releasing novel designed casing materials and more advanced features, which have become new trends in the worldwide explosion proof equipment market.

The key growth drivers of the global explosion proof equipment market are increased adoption of explosion proof equipment in the oil and gas industries, exploration of new mining sites, which increases the need for explosion proof equipment there, dramatically rising demand for explosion proof equipment in the automation sector, and newly formed safety regulations for hazardous areas, which are becoming more stringent.

Nikhil Kaitwade
Nikhil Kaitwade

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What Are the Challenges Faced by the Explosion Proof Equipment Market?

Stalling of the Mineral and Mining Sectors May Impede Market Growth

Globally, the stalling of the mineral and mining sectors is becoming a major restriction for the worldwide explosion proof equipment market.

Region-wise Insights

How North America Dominates the Global Explosion Proof Equipment Market?

Government’s Restrictions Creating Opportunities for Explosion Proof Equipment Manufacturers

Country The United States
Market Share % (2023) 27.2%

The North American government did not require the deployment of explosion-proof devices in the late nineteenth century. However, the government recently imposed laws in a variety of business sectors.

Underwriters Laboratories (UL), an American safety consulting and certification organisation, Occupational Safety and Health Administration (OSHA), Factory Mutual - FM3610, National Fire Protection Association (NFPA), and others are the key regulatory authorities in the region. As a result, the market saw an increase in the replacement rates of current equipment.

However, in comparison to the rest of the globe, the alternative Zone system of hazardous site categorization is still relatively new in the United States, which is causing companies to replace outdated machinery. The country's existing classification is based on class.

However, as a result of globalisation, the government is incorporating laws into its systems to ensure that they are globally certified. These accreditations are now enabling the creation of a complete examination and testing procedure that addresses the requirements for various certifications.

Because of the existence of Article 505 in the NEC and the consistency in the 'Zone' standards, a US-based producer that sells zone-classified goods for overseas markets can now receive FM, frequently with little or no change. The presence of several pharmaceutical manufacturing units is projected to boost the region's pharmaceutical sector.

Companies are required to comply with FDA's demanding criteria and to install explosion-proof machinery in factories and hazardous places, becoming elements that are likely to drive market expansion.

What is the Market Outlook for Explosion Proof Equipment in Europe?

Rising Production Costs and the Purification of Ferrous and Nonferrous Metals Favouring Market Growth

Attributes Details
Germany’s Market Share % (2023) 7.2%
The United Kingdom Market CAGR % (2023 to 2033) 2.1%

In 2019, Europe accounted for a substantial market share of the worldwide explosion proof equipment market. Europe is likely to lead the market over the forecast period due to rising production costs and the purification of ferrous and nonferrous metals.

Furthermore, the world's largest oil company is likely to fuel expansion in the Middle East. These are the reasons that are expected to propel the European region's growth in the worldwide explosion proof equipment market from 2023 to 2033.

Why is the Asia Pacific Region the most rapidly expanding market for Explosion Proof Equipment?

Increasing Need for Protection in the Oil and Gas Sector Fuelling Rapid Adoption

Country Forecast CAGR % (2023 to 2033)
India 4.5%
China 4.1%

China dominates the Asia Pacific area owing to the existence of the world's largest oil and gas production, mining, and energy and power sectors, all of which are particularly prone to explosions in the region. The increasing need for protection in the oil and gas sector prompted manufacturers to certify their goods for use in explosive environments.

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Category-Wise Insights

The Zone 1 Segment to Gain Significant Market Share

Segment Zone 1
Market Share % (2023) 27%

The zone 1 section is expected to increase significantly throughout the estimated timeframe. This zone contains an explosive environment made up of air and hazardous materials in the form of gas, vapour, or mist that can arise during regular operations. Thus, by explosive characteristics, the zone 0 segment is expected to expected grow at a CAGR of 3.1% for explosion proof equipment market in the sales indicator period 2023 to 2033.

Why is Demand for Cable Glands rising in the Explosion Proof Equipment Market?

The Cable Glands Category has the Highest Demand

The worldwide explosion proof equipment market is classified into the following applicable system: switchgear, surveillance & monitoring systems, material handling systems, lifting systems, cable glands, power generation, distribution systems and others

In 2019, the cable glands category accounted for a substantial share of the worldwide explosion proof equipment market. The cable glands sector is predicted to increase at a CAGR of 3% throughout the forecast period. Cable glands provide a number of functions in the cable management process. Cable glands must have certain qualities to fulfil the market climate for explosion-proof equipment, depending on the brand or location.

Start-ups For Explosion Proof Equipment Market

Key startup players in the explosion proof equipment market are

  • EyeROV, located in Kochi, is developing marine robotic technologies to enable efficient underwater inspection and to address challenges for a variety of industries, including defense, ocean research organisations, shipping, oil and gas, infrastructure, and construction.
  • EyeROV Tuna, the startup's first industrial-grade underwater drone, was commercially released in 2018. It says the 50cm X 50cm X 50cm cube-shaped ROV has conducted more than 1,000 hours of underwater examination of dams, bridges, ports, ship hulls, oil and gas assets, and other vital undersea infrastructure across 25 projects in five states.
  • EyeROV, which won the iDEX Defense India Startup Challenge in 2019, has signed its first customer, the Defence Research and Development Organization (DRDO). The firm has completed over 15 pilot projects for Adani Power, Coastal Police, BSF, Kerala Fire and Rescue, Kerala Police, and Assam Fire and Rescue, and is supported by Maker Village Kochi, Kerala Startup Mission, and GAIL.

Market Competition

Adalet, Alloy Industry Co. Ltd., Eaton, S.C. UMEB SA, Warom Technology, Inc., and others are the leading competitors in the worldwide explosion proof equipment market.

Report Scope

Report Attribute Details
Market Value in 2023 USD 7,520.18 million
Market Value in 2033 USD 10,160.5 million
Growth Rate CAGR of 3.4% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in USD million and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered Protection Type, Flammable Substances, Area Classification, Explosive Characteristics, Region
Regions Covered North America; Latin America; Europe; Asia Pacific; Middle East and Africa
Key Countries Profiled The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Australia, New Zealand, China, Japan, South Korea, India, Malaysia, Singapore, GCC, South Africa, Israel
Key Companies Profiled Adalet; Siemens; Honeywell International Plc.; Rockwell Automation Inc.; ABB; Eaton Corporation; Emerson Electric Co.; Waram Technology Inc.; WorkSite Lighting; Extronics Ltd.; Allay Industry Co. Ltd.
Customization Available Upon Request

Key Segments Profiled in The Explosion Proof Equipment Industry Survey

By Protection Type:

  • Explosion Proof/Explosion Containment
  • Explosion Prevention/Limiting Energy
  • Explosion Segregation

By Flammable Substances:

  • Class 1
  • Class 2
  • Class 3

By Area Classification:

  • Division I
  • Division II

By Explosive Characteristics:

  • Zone 0
  • Zone 1
  • Zone 2
  • Zone 20
  • Zone 21
  • Zone 22

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Frequently Asked Questions

What is the Growth Potential of this Market?

The growth potential of this market is 3.4% through 2033.

How has the market developed in the Past?

From 2018 to 2022, the global market exhibited a 2.6% CAGR.

What Limits the Growth Potential of the Market?

Stalling the mineral and mining sectors limits market growth.

Who are the Key Players?

Adalet, Siemens, and ABB are the key players.

What drives sales of this market?

Increased adoption of explosion-proof equipment in the oil and gas industries drives sales.

Table of Content
	1. Executive Summary
	2. Market Overview
	3. Market Background
	4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
	5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Protection Type
		5.1. Explosion Proof/Explosion Containment
		5.2. Explosion Prevention/Limiting Energy
		5.3. Explosion Segregation
	6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flammable Substances
		6.1. Class 1
		6.2. Class 2
		6.3. Class 3
	7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Area Classification
		7.1. Division I
		7.2. Division II
	8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Explosive Characteristics
		8.1. Zone 0
		8.2. Zone 1
		8.3. Zone 2
		8.4. Zone 20
		8.5. Zone 21
		8.6. Zone 22
	9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
		9.1. North America
		9.2. Latin America
		9.3. Western Europe
		9.4. Eastern Europe
		9.5. South Asia and Pacific
		9.6. East Asia
		9.7. Middle East and Africa
	10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	17. Key Countries Market Analysis
	18. Market Structure Analysis
	19. Competition Analysis
		19.1. Adalet
		19.2. Siemens
		19.3. Honeywell International Plc.
		19.4. Rockwell Automation Inc.
		19.5. ABB
		19.6. Eaton Corporation
		19.7. Emerson Electric Co.
		19.8. Waram Technology Inc.
		19.9. WorkSite Lighting
		19.10. Extronics Ltd.
		19.11. Allay Industry Co. Ltd.
	20. Assumptions & Acronyms Used
	21. Research Methodology
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