Envision Report

Published January 10, 2018

Explosion Proof Equipment Market – Size, Outlook, Trends, and Forecasts (2018 – 2024)

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Explosion proof equipment is product adopting many types of protection measures to prevent explosions from occurring in hazardous areas like the unanticipated rise in the energy of the system. Explosion proof doesn’t mean that all devices will be able to bare any explosion instead it means that the products will contain a source of an explosion within its housings. Explosion Proof Equipment Market is expected to increase by a USD 6.14 Billion by 2024 at a CAGR of 8.25%.

Explosion Proof Equipment Market Size:

Explosion Proof Equipment Market size is high due to the rise of industrialisation in this region, especially in India and China, these countries are driving the market for explosion proof equipment. The mining industry is growing in this region with a new government. Port areas are driving the growth of this market more.

Explosion Proof Equipment Market Share:

In addition to the vast market size with the Explosion Proof Equipment involving usage of automated systems, spark-resistant devices, signalling and monitoring devices among others prevents sparks in explosion-prone industries including oil and gas, manufacturing and others have the most significant market share.

Explosion Proof Equipment Market Growth:

Exposure to flammable gases, the release of hydrocarbon, contact with harmful substances are the fundamental drives that make oil and gas industry one of the hazardous sectors. Oil and gas sectors are the most substantial growing revenues this year. Media converters, Industrial Monitors, named and unnamed Ethernet, PACs, Automation systems are designed and installed to prevent the explosion in harsh conditions. Automation systems are driving the market growth.

Explosion Proof Equipment Market Industry Analysis:

Explosion Proof Equipment Market is segmented by Type of Systems, hazardous zone, substances and proof equipment. Explosion Proof Equipment by type is segmented into Motors, power supply systems, surveillance systems, automation systems and material handling. By proof equipment, Explosion Proof Equipment SystemsMarket is segmented into intrinsic safety, increased safety, oil immersed, pressurised and flameproof. By substances, it is divided into class 1, class 2 and class 3. By Hazardous zone, the market has many divisions namely zone 20, zone 22, zone 21, zone 0, zone 2 and zone 1.

Explosion Proof Equipment Market Outlook:

According to the recent market outlook, Asia Pacific is projected to be the fastest growing region regarding revenue. Automation segment is expected to reach $1601 million by 2024 due to the high cost.

Explosion Proof Equipment Market Trends:

  • Lab Logic Group Holding acquired BARTEC Technology limited. The Honeywell acquired RAE Systems.
  • Pepperl+Fuchs expands its portfolio of smart manufacturing with the acquisition of Ecom.

Explosion Proof Equipment Market Report Includes: 

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have complete market analysis through industry value chain analysisPorter’s fivePESTLESWOT analysis, and Y-o-Y analysis.
  • Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on YearOnYear
  • Identifying DROC in the current market and their impact in altering the market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
  • Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Adalet
  • BARTEC Gmbh
  • STAHL
  • Honeywell
  • Pepperl+Fuchs

Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 Pestle Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1 DROC

4.1.1 Drivers

4.1.2 Restraints

4.1.3 Opportunities

4.1.4 Challenges

Chapter 5 Market Segmentation Analysis

Chapter 6 Market Segmentation by Type of Systems

6.1 Introduction

6.2 Motors

6.3 Power Supply systems

6.4 Surveillance Systems

6.5 Automation Systems

6.6 Material Handling

6.7 Others

Chapter 7 Market Segmentation by Hazardous zone

7.1 Introduction

7.2 Zone 22

7.3 Zone 0

7.4 Zone 21

7.5 Zone 20

7.6 Zone 2

7.7 Zone 1

Chapter 8 Market Segmentation by Substances

8.1 Class 1

8.2 Class 2

8.3 Class 3

Chapter 9 Market Segmentation by Proof Equipment

9.1 Intrinsic Safety

9.2 Increased Safety

9.3 Flameproof

9.4 Oil-immersed

9.5 Pressurised

9.6 Others

Chapter 10. Market Segmentation by Geography

10.1 Asia Pacific

10.1.1 Introduction

10.1.2 China

10.1.3 India

10.1.4 Japan

10.1.5 Australia

10.1.6 others

10.2 North America

10.2.1 Introduction

10.2.2 United States

10.2.3 Canada

10.2.4 Mexico

10.2.5 Others

10.3 Europe

10.3.1 Introduction

10.3.2 Spain

10.3.3 UK

10.3.4 France

10.3.5 Russia

10.3.6 Italy

10.3.7 Others

10.4 The Middle East and Africa

10.4.1 Introduction

10.4.2 South Africa

10.4.3 Middle East Countries

10.4.4 Others

10.5 South America

10.5.1 Introduction

10.5.2 Argentina

10.5.3 Brazil

10.5.4Others

Chapter 11 Competitive Landscape

11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

11.2 Market Share Analysis

11.3 Strategies Adopted by Top Companies

Chapter 12 Company Profiles

12.1 Adalet

12.2 BARTEC Gmbh

12.3 R. STAHL

12.4 Marechal Electric Group

12.5 G.M International SRL

12.6 Honeywell

12.7 Pepperl+Fuchs.

12.8 Alloy Industry Co. Ltd.

12.9 Intertek Group

12.10 CorDEX Instruments

12.11 Extronics Ltd.

12.12 Pelco 

Chapter 13 Market Insights

13.1 Insights of Industry Experts

13.2 Analyst Opinion (Market Understanding)

13.3 Investment Opportunities

Chapter 14 Appendix

14.1 List of Tables

14.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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