North America Explosion-Proof Equipment Market Trends, Demand, Opportunities and Forecast by 2028.
North America Explosion-Proof Equipment Market research report includes a thorough analysis of the market drivers, restraints, threats, and opportunities while it also addresses the lucrative investment options for the market players in the coming years. A team involved in creating this market report has kept certain things into focus that include the minds of target markets, feelings, preferences, attitudes, convictions and value systems. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in the reliable North America Explosion-Proof Equipment Market report. Estimates at a global as well as regional level are offered by the analysts.
The large scale North America Explosion-Proof Equipment Market report compiles comprehensive intelligence studies that explore almost every aspect of the global market. With a formalized and managerial approach, it has been assured that all the above mentioned factors are understood well and explored neatly in the report. The data and information is extensively researched and analyzed in the report to guide market players to improve their business planning and ensure long-term success. The world class North America Explosion-Proof Equipment Market report also endows with the complete overview of the market that deals with the various aspects such as product definition, market segmentation, and the prevailing vendor landscape.
The North America explosion-proof equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.8% in the forecast period of 2021 to 2028 and is expected to reach USD 3,082.90 million by 2028. Rising digitalization and population is boosting the growth of this market.
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Market Definition:
An explosion is a sudden reaction involving a rapid physical or chemical oxidation reaction, increase in temperature or pressure due to flammable gases, vapors or dusts with the oxygen contained in the air. Explosion-proof equipment are those equipment containing any explosion which originates within the housing due to various hazardous materials and prevent sparks from igniting vapors, gases, dust, fibres or other hazardous materials in the air and environment surrounding it. When dealing with ex-proof equipment, there are two directives namely ATEX and the IECEX which provides standardization to operate under hazardous environments.
Some of the major players operating in the explosion-proof equipment market are:
- R. STAHL AG
- Extronics
- Honeywell International Inc
- ABB
- CorDEX Instruments
- BARTEC
- Eaton
- Pepperl+Fuchs SE
- Bosch Rexroth AG
- MarechalElectric
- Pelco Corporations
- DEHN SE + Co KG
- Schneider Electric
- nVent
- Axis Communications AB
- CLEARVIEW COMMUNICATIONS LTD
- Zenitel
- MIRETTI
- Emerson Electric Co.
Explosion-Proof Equipment Market Scope and Market Size
The North America explosion-proof equipment market is segmented into six notable segments, which are based on offering, temperature class, zone, connectivity service, location, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the explosion-proof equipment market is segmented into hardware, software, and services. In 2021, the hardware segment is expected to dominate the market owing to ability to manage entire explosion-proof equipment operations in a better way.
- On the basis of temperature classes, the explosion-proof equipment market is segmented into T1 (> 450 °C), T2 (> 300 °C to < 450 °C), T3 (> 200 °C to < 300 °C), T4 (> 135 °C to < 200 °C), T5 (> 100 °C to < 135 °C) and T6 (> 85 °C to < 100 °C). In 2021, T1 (> 450 °C) segment is expected to dominate the market owing to the majority of flammable gases.
- On the basis of zone, the explosion-proof equipment market is segmented into zone 0, zone 1, zone 2, zone 20, zone 21, and zone 22. In 2021, zone 0 segment is expected to dominate the market owing to increased level of risk at the location due to the presence of high amount of vapors or liquids.
- On the basis of connectivity, the explosion-proof equipment market is segmented into wired and wireless. In 2021, wired segment is expected to dominate the market due to reduced number of attacks pertaining to network traffic interruptions.
- On the basis of location, the explosion-proof equipment market is segmented into indoor and outdoor. In 2021, indoor segment is expected to dominate the market and is also expected to register high growth due to maximum chances of occurring hazards in indoor industrial plants of oil and gas industries.
- On the basis of end user, the explosion-proof equipment market is segmented into oil and gas, chemical and petrochemical, energy and power, mining, pharmaceutical, food processing, marine and ship building, aerospace, military and defense, and others. In 2021, oil and gas segment is expected to dominate the market, which is mainly attributed to risky operations such as oil and gas extraction, drilling fluids, and others.
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Explosion-Proof Equipment Market Country Level Analysis
North America explosion-proof equipment market is segmented into country, offering, temperature class, zone, connectivity service, location, and end user as referenced above.
The countries covered in the North America explosion-proof equipment market are U.S., Canada, and Mexico.
U.S. dominates the North America region as geographically, it has the higher consumption, industries and producer of the components.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rise in Integrated System in Manufacturing Facilities of Industries, is Boosting the Market Growth of Explosion-Proof Equipment Market
The explosive proof equipment market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
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