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Global Explosion Proof Equipment Market (2013 - 2020) - By Protection Types (Explosion Prevention, Explosion Proof, Explosion Segregation); By Applications (Automation Systems, Lighting, Material Handling Systems, Surveillance Systems, Signaling Systems)

Published: Aug 2013  -   Pages: 165  -   Publisher: IndustryARC  -   Report code: ASDR-99790
 
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Although the major applicable market for Explosion Proof/Protected Electrical Equipment i.e. Mining & Oil & Gas industry have become matured but these equipment have found a new customer base across residential and government facilities, entertainment areas and home appliances.

With new oil reserves found in Brazil, Italy and Greenland, the market for explosion proof/protected electrical equipment will surge due to the environmental sensitivity in these areas.

With the boom in LED market, manufacturers are steering towards interfacing explosion proof technology in LED lighting systems.

The ever expanding market for explosion proof electrical equipment has made the competition fierce. It can be understood with recent acquisitions and collaborations: Eaton Corp. acquires Cooper Crouse-Hinds while Marechal Electric Group joined hands with TECHNOR ITALSMEA S.p.A. to expand its operation in Oil & Gas industry with turnover of around $135 million.

Lighting and signaling systems are the most prominent factor contributing to the growth of explosion protected/proof electrical equipment. With new regulations stirring up for safety standards, explosion proof equipment market in electrical domain will surge in the future.

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