Explosion-proof Motor Market

Explosion-proof Motor Market Outlook from 2024 to 2034

The global explosion-proof motor market size reached US$ 3,450.4 million in 2023. Over the forecast period 2024 to 2034, explosion-proof motor demand is anticipated to rise at 4.4% CAGR. Total market value is predicted to increase from US$ 3,602.2 million in 2024 to US$ 5,540.8 million in 2034.

Demand for explosion-proof motors is projected to remain high in the oil & gas industry. The latest explosion-proof motor market analysis shows that the oil and gas segment is projected to thrive at 4.9% CAGR during the assessment period.

Explosion-proof Motor Market Trends

• Explosion-proof motors are anticipated to be crucial in industries such as oil & gas, chemicals, mining, and manufacturing.
• Presence of flammable substances in the aforementioned industries requires equipment that ensures operational safety and compliance with stringent safety regulations.
• One notable trend shaping the explosion-proof motor market is the integration of the Internet of Things (IoT) and cloud-based solutions.
• The trend involves incorporating smart technologies into explosion-proof pumps, allowing real-time data collection, analysis, and remote monitoring.
• Integration of IoT enhances the efficiency and accessibility of motor operation data, facilitating predictive maintenance and timely responses to potential issues.
• The trend aligns with the broad industrial shift toward smart technologies.
• It provides a holistic approach to safety, efficiency, and data-driven decision-making in hazardous environments.

Key Factors Pushing Explosion-proof Motor Sales

• Demand for explosion-proof motors is linked to the ever-tightening grip of safety standards and regulations across industries susceptible to hazardous environments.
• As a response to the imperative of ensuring workplace safety, stringent guidelines are compelling firms to invest in equipment capable of withstanding dangerous conditions.
• Explosion-proof motors, engineered to operate securely in volatile settings, have emerged as indispensable solutions.
• Industries navigating hazardous environments, such as petrochemical, pharmaceutical, and chemical sectors, are witnessing a notable uptick in the adoption of explosion-proof motors.
• Novel motors not only align with regulatory requirements but also provide a proactive approach to safeguarding personnel and assets.
• Growing nexus between elevated safety expectations and increasing demand for explosion-proof vacuum pumps underscore a pivotal shift toward prioritizing workplace safety in high-risk settings.

Nikhil Kaitwade

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Key Explosion-proof Motor Market Highlights

Market to Expand around 1.5X through 2034

• The global explosion-proof motor market is predicted to expand around 1.5X through 2034, amid a 2.1% increase in expected CAGR compared to the historical one.
• Driving forces behind this optimistic outlook include increased industrialization, where burgeoning global industrial activities contribute to a heightened demand for explosion-proof motors. Demand is especially high in sectors like oil & gas, chemicals, and mining.
• Stringent safety regulations, technological advancements, infrastructure development, and awareness of workplace safety contribute to the market's positive trajectory.
• As industries prioritize safety and regulatory compliance, demand for submersible explosion-proof dewatering pumps is expected to remain robust, fostering a continuous expansion of the market through 2034.
• Staying abreast of evolving market trends and technological innovations is expected to be crucial for stakeholders navigating this dynamic landscape. By 2034, the total market revenue is set to reach US$ 5,540.8 million.

East Asia Takes the Lead in the Explosion-proof Motor Market

• East Asia is expected to retain its dominance in the field of explosion-proof motors during the forecast period. It is set to hold around 31.2% of the global explosion-proof motor market share in 2034.
• East Asia’s dominance can be attributed to a confluence of factors propelling the region's growth, which includes robust industrial expansion.
• China is the world's second-largest consumer of oil & gas and the sixth-largest producer of oil & gas globally.
• China’s energy industry is dominated by state-owned oil & gas companies.
• They are constantly developing the country's domestic reserves, building & operating pipelines, and managing and filling the strategic petroleum reserves (SPR).
• Ongoing infrastructure development initiatives are likely to fuel demand for explosion-proof motors across sectors such as manufacturing, chemicals, and electronics.
• East Asia’s commitment to stringent safety regulations and a focus on technological advancements are expected to result in the development of cutting-edge explosion-proof motor solutions.

Explosion-proof AC Motors to Gain Traction Globally

• Explosion-proof AC motors are expected to dominate the global explosion-proof motor market in 2024. They are anticipated to witness a 5.3% CAGR during the forecast period.
• AC motors, particularly induction motors, are favored for their robust performance, reliability, and versatility.
• Their efficient and straightforward design, coupled with ease of maintenance, makes them suitable for several industries requiring explosion-proof solutions.
• The dominance of AC motors can be attributed to their ability to handle high torque loads, operate seamlessly in diverse environments, and comply with stringent safety regulations.
• Advancements in AC motor technology have enhanced their energy efficiency, contributing to their widespread adoption.
• Industries are likely to prioritize safety and seek reliable motor solutions for hazardous environments.
• Popularity of AC motors to operate explosion-proof electric vertical spindle sump pumps highlights their key role in ensuring operational safety across multiple sectors.

2019 to 2023 Explosion-proof Motor Market Outlook Vs. 2024 to 2034 Forecast

Global sales of explosion-proof submersible sump pumps grew at a CAGR of 2.4% between 2019 and 2023. Total market revenue reached about US$ 3,450.4 million in 2023. In the forecast period, the worldwide explosion-proof motors industry is set to thrive at a CAGR of 4.4%.

• Between 2019 and 2023, the global explosion-proof motor market faced slow growth due to economic uncertainties and disruptions caused by the COVID-19 pandemic.
• It impacted industrial activities and investment decisions worldwide.
• The onset of the COVID-19 pandemic led to several factors contributing to the slow growth of the global explosion-proof motor market between 2019 and 2023.
• Widespread lockdowns and restrictions disrupted manufacturing & supply chain operations, causing delays and shortages in production.

Future Scope of the Explosion-proof Motor Market

• Over the forecast period, the global explosion-proof motor market is poised to exhibit healthy growth, totaling a valuation of US$ 5,540.8 million by 2034.
• Increasing industrialization across diverse sectors, coupled with stringent safety regulations necessitating the use of explosion-proof equipment, propels growth.
• Growing awareness of workplace safety and rising incorporation of advanced technologies, including IoT and sensor systems, contribute to the surging adoption.
• As industries continue to embrace automation for enhanced efficiency and productivity, demand for explosion-proof motors is likely to expand.
• Companies are estimated to adopt innovative motors to ensure safe and secure operations in critical manufacturing processes.

Key Explosion-proof Motor Market Dynamics

• Oil and Gas Exploration Drives Demand for Explosion-Proof Motors

Stainless steel flame-proof pumps are becoming increasingly popular as a result of the continuous growth of the oil & gas exploration sector. These motors are critical parts that are designed to function safely in dangerous conditions.

Exploration efforts are stepping into more difficult environments as the world's energy needs rise. Hence, specific equipment that can endure harsh circumstances is needed in order to prioritize safety and maintain operational continuity.

In the oil & gas sector, where combustible gases and volatile substances are omnipresent, explosion-proof motors play a pivotal role. These meticulously designed motors are crafted to withstand and prevent the ignition of flammable materials. These can also help in safeguarding operations on offshore platforms and remote onshore sites alike.

Ongoing technological advancements are enhancing the efficiency and durability of these motors, strengthening their essential status across the industry. These motors play a critical role in sustaining global energy exploration efforts. This is mainly due to the symbiotic relationship between the oil & gas exploration sector and escalating demand for explosion-proof motors.

Through innovation and safety-focused engineering, flameproof motors are not only meeting but exceeding the stringent demands of the modern energy landscape. They are expected to help in ensuring the continued progress and safety of exploration endeavors worldwide.

• Industrial Automation Sparks Sales of Explosion-proof Motors

Explosion-proof motor demand is rising due to the new wave of industrial automation. It is making these motors essential to vital manufacturing processes.

Robust and safety-compliant equipment has become essential as companies adopt automation to improve efficiency and precision. At the forefront of this technological evolution are explosion-proof motors. These are made to function in dangerous conditions and guarantee both the dependability and security of automated processes.

In the landscape of modern manufacturing, where intricate machinery and automated systems dominate, explosion-proof motors play a pivotal role. These motors are tailored to withstand potentially explosive atmospheres. These are likely to offer a secure operational environment in facilities where the risk of combustion is inherent.

As industries strive to optimize their production capabilities through automation, demand for explosion-proof motors continues to soar. The synergy between rising industrial automation and the proliferation of explosion-proof motors extends beyond mere functionality.

It represents a paradigm shift toward a safe and more efficient industrial landscape. These motors, equipped with cutting-edge technologies, help meet the rigorous demands of automated manufacturing. At the same time, these contribute to the overarching goal of creating smarter, safer, and more sustainable industrial processes. Surging explosion-proof motor demand is emblematic of a progressive era where automation and safety converge for the advancement of critical manufacturing operations.

Key Factors Restraining Explosion-proof Motor Market Growth

Evolution of Alternative Technologies Challenges Explosion-proof Motor Adoption

• Ongoing evolution of alternative technologies, notably non-incendive systems, acts as a significant constraint in the explosion-proof motor market.
• Industries seeking cost-effective and efficient solutions are increasingly drawn toward alternatives. They are diverting attention and investment away from traditional explosion-proof motor adoption.
• Non-incendive systems present an attractive proposition, potentially sidelining conventional explosion-proof transfer pumps. These systems can minimize the risk of ignition in hazardous environments without the need for explosion-proof enclosures
• Shifting preference is fueled by considerations of both cost and operational efficiency.
• Non-incendive systems often offer a more economical choice, challenging the position of explosion-proof motors that involve high initial investments.
• Industries are expected to prioritize innovation and explore advanced technologies to meet safety requirements.
• The competition from evolving alternatives becomes a formidable restraint, impacting the explosion-proof motor market.

Country-wise Insights

The table below highlights explosion-proof motor market revenues of several countries. China, the United States, India, and Germany are expected to remain the key customers of explosion-proof motors, with expected valuations of US$ 888.6 million, US$ 810.8 million, US$ 451.8 million, and US$ 423.2 million, respectively, in 2034.

The table below shows the estimated growth rates of several countries. India, China, and the United States are set to record considerable CAGRs of 4.1%, 3.4%, and 2.7%, respectively, through 2034.

Exploration Activities in the United States Push Hazardous Location Motor Demand

The United States explosion-proof motor market is projected to soar at a CAGR of around 2.7% during the assessment period. Total valuation in the country is anticipated to reach US$ 810.8 million by 2034.

• Growing emphasis on industrial automation to enhance operational efficiency and precision fuels the need for explosion-proof motors.
• Newly developed motors play a crucial role in maintaining a secure operational environment in automated processes.
• Continuous evolution of the energy landscape amid increased exploration activities in challenging terrains intensifies the reliance on explosion-proof motors. They help to operate reliably in potentially explosive atmospheres.
• The nation is constantly moving toward modernization and technological innovation.
• Demand for explosion-proof low voltage motors reflects a strategic commitment to safety compliance and seamless integration of advanced technologies across industries.

China Witnesses High Demand for Explosion-proof Blower Motors

China’s explosion-proof motor market size is projected to reach US$ 888.6 million by 2034. Over the forecast period, demand for explosion-proof motors in the country is set to rise at 3.4% CAGR.

• China's explosion-proof motor market is thriving, propelled by rapid industrialization and a booming manufacturing sector.
• The nation's relentless drive for economic growth has led to an increasing demand for explosion-proof transfer pumps in diverse industries.
• As China continues its robust industrial expansion, the need for safety-compliant equipment in hazardous environments becomes paramount.
• Explosion-proof motors play a significant role in ensuring secure operations amid the dynamic landscape of the country's manufacturing boom.
• Explosion-proof diaphragm pumps help in aligning with stringent safety standards while facilitating sustained industrial growth.

Safety Concerns in India Fuel Demand for Explosion-proof Enclosures

India’s explosion-proof motor market is poised to exhibit a CAGR of 4.1% during the estimated period. It is expected to attain a market valuation of US$ 451.8 million by 2034.

• As India undergoes rapid industrialization, there is an escalating need for safety-compliant equipment like explosion-proof exhaust.
• Explosion-proof motors, designed to operate reliably in potentially explosive atmospheres, are becoming indispensable in ensuring workplace safety.
• Growing awareness of safety standards and emphasis on workplace well-being are driving demand for explosion-proof motors in India.

Category-wise Insights

The section below shows the explosion-proof AC motor segment dominating based on motor type. It is anticipated to thrive at 5.3% CAGR between 2024 and 2034.

Based on end-use, the oil and gas segment is anticipated to hold a leading share in 2034. It is set to exhibit a CAGR of 4.9% during the forecast period.

Explosion-proof AC Gear Pumps to Showcase High Demand

• In terms of motor type, the AC motor segment is projected to witness a 5.3% CAGR from 2024 to 2034.
• Inherent advantages that AC motors offer in hazardous environments are likely to drive their demand.
• AC motors are renowned for their reliability, efficiency, and adaptability to multiple industrial applications.
• Their properties are set to make them the preferred choice in sectors susceptible to explosive atmospheres.
• Versatility of AC explosion-proof centrifugal fans enables them to operate seamlessly across a spectrum of industries, including oil & gas, chemicals, and manufacturing.
• Their ability to provide consistent performance in diverse conditions positions AC motors as the go-to solution for explosion-proof requirements.
• As industries prioritize safety and compliance, the dominance of AC motors in the explosion-proof motor market underscores their resilience.

Oil and Gas Industry to Look for Explosion-proof DC Motors

• Demand for explosion-proof motors in the oil & gas industry continues to remain high due to several compelling reasons.
• The nature of oil & gas exploration and production involves operations in potentially explosive atmospheres.
• It often necessitates the use of equipment specifically designed to mitigate ignition risks.
• Explosion-proof axial flow fans are engineered with robust features to ensure safe operation in these hazardous environments, making them an essential component.
• Global reliance on oil & gas as primary energy sources sustains the industry's continuous growth and exploration activities.
• Need for reliable and safety-compliant equipment like explosion-proof motors becomes paramount.
• It is attributed to increasing exploration of oil & gas across challenging terrains and offshore locations.

Competitive Landscape

The global explosion-proof motor market is consolidated, with leading players accounting for about 40% to 45% share. ABB Group, Regal Beloit, Siemens, Auma GmbH, Emerson Electric Co., Rotork plc, Exlar Corp., Nidec, and Toshiba are the leading manufacturers and suppliers of explosion-proof motors listed in the report.

Key explosion-proof motor manufacturers are investing huge sums in research & development activities to come up with innovative products. They are also focusing on expanding their production lines by building new hubs in emerging countries. A handful of companies are aiming to strengthen their position by engaging in mergers, collaborations, and acquisitions.

Recent Developments in Explosion-proof Motor Market

• In August 2022, BEN BUCHELE Elektromotorenwerke its new dKD280. It can be utilized across those industries that have an explosive gas atmosphere. The product can power radial and axial fans for air conditioning & ventilation, hydraulic power units, mooring winches, and pumps.
• In December 2022, Kollmorgen, a renowned motion control system manufacturer, declared that its explosion-proof Goldline EBH 480 Vac servo motor bagged IECEx/cETLus listing and ATEX certification. The approvals will enable the company to cater to the growing demand from end-users and offer in-motion control features.
• In August 2021, Bodine Electric Company launched four new motors and 40 innovative BLDC and explosion-proof AC gear motors. These can be used across industries that constantly operate in environments with toxic liquids, flammable vapors, or gases.

Key Coverage in the Explosion-proof Motor Market Report

• Explosion-proof Motor Classification Chart
• Explosion-proof Motor Enclosure, IP Rating, Code, and Starter
• High-Quality Explosion-Proof Motors & Generators Manufacturers like OME Motors, ABB, Gamak, and Crompton
• Price List of Ex Motors and Electric Motors for Explosive Atmospheres
• Insights into Explosion Proof Motor Vs. TEFC
• Explosion-proof Electric Motors Manufacturers in Canada
• In-depth Information about Adjacent Markets, including Hazardous Location Motors and Flame Proof Induction Motors

Scope of the Explosion-proof Motor Market Research Report

Explosion-proof Motor Market Segmentation

By Motor Type:

• Explosion-proof AC Motors
• Explosion-proof DC Motors

By Power Rating:

• Low Voltage
• Medium Voltage
• High Voltage

By Phase:

• Single Phase
• Three Phase

By Application:

• Class I
• Class II
• Class III

By End-use:

• Oil and Gas
• Chemicals and Petrochemicals
• Metals and Mining
• Others

By Region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• East Asia
• South Asia Pacific
• Middle East Africa