DUBLIN--(BUSINESS WIRE)--The "Explosion Proof Equipment Market by Product (Cable Glands & Accessories, Industrial Controls, Process Instruments, Sensors, and Signaling Devices), Connectivity Service, Zone Classification, Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The explosion proof equipment market size is projected to grow from USD 7.4 billion in 2020 to USD 9.9 billion by 2025 at a CAGR of 5.9% from 2020 to 2025.
Factors such as the increasing industrial safety measures and rising energy requirements are driving the explosion proof equipment industry.
RoW estimated to hold the largest share of the explosion proof equipment market in 2020.
In 2019, RoW accounted for the largest share of the explosion proof equipment market owing to the presence of the world's largest oil & gas production, mining, and energy & power industries, which are highly prone to explosion in the region. The rising demand in providing utmost safety in oil & gas industries led the manufacturers to certify their products for use in explosive atmospheres.
Cable glands & accessories segment estimated to hold the largest share of the explosion proof equipment market in 2020.
The cable glands & accessories segment holds the largest share of the explosion proof equipment market. These equipment are increasingly being used for mechanical retention, strain relief, and earth continuity.
- Increasing Industrial Safety Measures
- Increased Oil & Gas Projects
- Wireless Explosion Proof Equipment Acts as a Source of Ignition in Hazardous Areas
- Increasing Demand for Low-Cost, High Light Output Lighting Solutions
- Adherence to Government Standards
- Honeywell International, Inc.
- ABB Ltd.
- Rockwell Automation, Inc.
- Eaton Corporation
- Emerson Electric Co.
- Patlite Corporation
- R. Stahl
- E2S Warning Signals
- NHP Electrical Engineering Products
- Werma Signaltechnik Gmbh
- Federal Signal Corporation
- Potter Electric Signal Co., Llc
- Tomar Electronics Inc.
- Quintex Gmbh
- Worksite Lighting
- Barrier Group
- Extronics Ltd.
- J.B. Systems
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