The study is a professional probe into the revenue generated and capacity estimates for the Explosion Proof Equipment market for the forecast period 2020 - 2027 empower the business owners to maintain a competitive edge over their rivals.
Vancouver, BC -- (SBWIRE) -- 03/16/2021 -- Market Size – USD 7.20 billion in 2019, Market Growth - CAGR of 5.5%, Market Trends – The rise in the need to improve industrial areas' safety.
The rising awareness to prevent the explosion, rising government initiatives for labor safety are driving the demand for the market.
The global Explosion Proof Equipment Market is forecasted to be worth USD 10.77 Billion by 2027, according to a current analysis by Emergen Research. The Explosion Proof Equipment market is forecasted to grow substantially throughout the forecast period due to the growing government policies in labor protection. The rising willingness to improve protection in industrialized areas is expected to further augment the market growth. Besides, The increasing concern for preventing explosions among several industries is also expected to boost the market growth.
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Key participants include Honeywell International Inc., Rockwell Automation, Inc., ABB Ltd., Eaton Corporation Plc, Siemens AG, R Stahl AG, Hatch Transformers Inc, Pentair plc, Bartec GmbH, and Cortem S.p.A. among others.
Emergen Research has segmented the global Explosion Proof Equipment Market on the basis of method, protection type, zone, application, end-use, and region:
Method Outlook (Revenue, USD Billion; 2017-2027)
Prevention
Containment
Segregation
Protection Type Outlook (Revenue, USD Billion; 2017-2027)
Gas Explosion Protection
Dust Explosion Protection
Zone Outlook (Revenue, USD Billion; 2017-2027)
Zone 0
Zone 1
Zone 2
Zone 12
Zone 20
Zone 21
Zone 22
Application Outlook (Revenue, USD Billion; 2017-2027)
Lifting Systems
Cable Glands
Lighting Systems
Junction Boxes & Enclosures
Material Handling Systems
Switches & Sockets
HVAC
Panel Boards & Motor Starters
Surveillance & Monitoring Systems
Signaling Systems
Switchgear
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Mining
Pharmaceuticals & Chemicals
Energy & Power
Oil & Gas
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Oil & Gas
Mining
Energy & Power
Pharmaceuticals & Chemicals
Others
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Scope of the Report:
The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Explosion Proof Equipment market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
Understanding the market size
The size of the Explosion Proof Equipment market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Explosion Proof Equipment report.
The research provides answers to the following key questions:
What will be the growth rate and the market size of the Explosion Proof Equipment industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Explosion Proof Equipment market across different regions?
Who are the major driving forces expected to decide the fate of the industry worldwide?
Who are the prominent market players making a mark in the Explosion Proof Equipment market with their winning strategies?
Which industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Explosion Proof Equipment market?
Find More Competitor in TOC with Profile Overview Share Growth Analysis @ https://www.emergenresearch.com/industry-report/explosion-proof-equipment-market
About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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Emergen Research | Web: www.emergenresearch.com
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