Global Explosion Proof Equipment Market is valued approximately at USD 6.99 Billion in 2019 and is anticipated to grow with a growth rate of more than 5.90% over the forecast period 2020-2027. Explosion proof equipment has mandatory application in places which consist of explosive atmospheres considering the fumes and gases that are emitted in various industries or mineral extraction processes which can easily catch fire. It depends on various principles of protection including explosion protection, explosion segregation and explosion proof. Due to such essential properties of explosion proof equipment and excessive risk associated in mining and mineral industries regarding explosions to the labors are the factor propelling the growth of market over the forecast years. Since, rapid growth of mining industries across the developed and developing regions is driving the growth of market over the forecast years. As per World Mining Congresses, China is the largest miner in the world and excavated almost 4.1 billion metric tons of fossil fuels and iron as well as non-ferrous and other metals in 2017. Followed by United States and Russia that accounts for 1959.5 and 1562.4 million metric tons extraction of mining products in 2017. Similarly, as per the Mining Associating of Canada (MAC) 2019, Canada’s mining industry contributes over USD 97 billion or 5% to Canada’s total nominal GDP in 2018. Also, mining industry accounts for 19% or USD 97 billion of the value of Canadian goods exports in 2017 and sells a diversified array of minerals and metals abroad. Additionally, government norms regarding labor safety is escalating the demand for explosion proof equipment market. However, wireless explosion proof equipment acts as a source of ignition in hazardous areas is the factor hampering the market growth.

The regional analysis of global Explosion Proof Equipment Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of regulatory bodies ensure usage of explosion proof equipment across hazardous. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing chemicals & pharmaceuticals, food & beverages, and oil & gas industries to drive the market for explosion proof equipment in India would create lucrative growth prospects for the Explosion Proof Equipment Market across Asia-Pacific region.

Major market player included in this report are:
Siemens Ag
Honeywell International, Inc.
ABB LTD.
Rockwell Automation, Inc.
Eaton Corporation
Emerson Electric Co.
Patlite corporation
E2S Warning signals
NHP Electrical engineering products
Werma signaltechnik GMBH

The objective of the study is to define market Production Methods of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Industry Vertical offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Industry Vertical:
Pharmaceutical
Manufacturing
Marine
Mining
Food processing
Oil & gas
Others

By Application System:
Cable Glands
Junction boxes & enclosure
Lifting & Material handling
Lighting system
Automation system
Surveillance & Monitoring system
Signaling Devices
Others

By Production Method:
Explosion Containment
Explosion Prevention
Explosion segregation

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Explosion Proof Equipment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-Production Methodd, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors