Mechanical Explosion Proof Equipment Market

Mechanical Explosion Proof Equipment Market Size (2023-2028)

The Global Mechanical Explosion Proof Equipment Market size was worth USD 7.4 billion in 2022, so it is estimated to reach USD 9.9 billion by 2028, growing at a CAGR of 5.9 %.

Market Overview:

The equipment is preferred in businesses where flammable gases are emitted into the environment due to numerous activities, such as mining, nuclear power, defence, and chemical processing. These devices are essential for managing and preventing volatile gas explosions. The mechanical explosion proof equipment market is being driven by increased industrial safety procedures and rising energy demands. Electrical and other equipment in industries such as petrochemical and mining are required to work in dangerous conditions that lead to explosions or fires. The majority of fireproofing and explosion-proof technology is designed to protect applications or equipment from external fires. Furthermore, stringent regulations for the safety of workers in hazardous situations and mandates for the use of explosion and fireproof equipment are driving the expansion of the mechanical explosion proof equipment market.

Recent Developments in Mechanical Explosion Proof Equipment Industry:

• Emerson has expanded its Pervasive Sensing sensor and analytics portfolio to assist manufacturers in using the Industrial Internet of Things to optimize plant performance. Intelligent sensors provide the data professionals need for better decision-making as firms attempt to boost the use of software for health and performance analytics. This growing network of sensing and automation technologies includes more than 50 wireless sensors for temperature, pressure, and power consumption monitoring, as well as vibration, corrosion, and leak detection, among other things.
• Adalet has introduced the XIH line of explosion-proof instrument enclosures. This single terminated 3-3/16" ID enclosure is part of our XIH (medium) line and is manufactured of copper-free aluminum. This explosion-proof casing is built with increased safety in mind for applications where corrosion resistance is critical.

MECHANICAL EXPLOSION PROOF EQUIPMENT MARKET REPORT COVERAGE:

Drivers:

Globally, rising demand for integrated systems, advancements in the automation industry, increase in industrial sectors, and strict government regulations in dealing with hazardous regions are expected to fuel global mechanical explosion proof equipment market growth.

In addition, the demand for energy and fuel grows in tandem with the increase in energy consumption. Hazardous locations are those that pose a risk of fire or explosion hazards due to the presence of flammable gases, flammable liquid–produced vapors, combustible liquid–produced vapors, combustible dust, or ignitable fibers/flying particles in sufficient quantities to produce explosive mixtures that may ignite when exposed to extreme temperature and pressure conditions. In such instances, it is critical to deploy specialized, safe-to-use equipment to limit the risk of an explosion.

Even a small spark might start such a deadly chain reaction. Explosion-proof devices are used in high-capital-and-machine-intensive industries such as aerospace, manufacturing, and defense. As a result, the cost of the necessary safety equipment in these businesses is similarly considerable. Low-voltage explosion-proof motors are widely utilized in the industry, with many tiers two and tier 3 manufacturers producing standard single-phase and three-phase explosion-resistant AC and DC motors. Low-voltage motors are being used in the oil and gas industry in pumps, compressors, and blowers. The rise of both onshore (shale extraction) and offshore (FPSO and offshore production units) activities in the oil industry are predicted to drive the growth of the mechanical explosion proof equipment market.

The increased use of integrated systems in manufacturing facilities and an increase in safety concerns as a result of the rising frequency of various accidents in various hazardous environment industries is the primary driving factor in the mechanical explosion proof equipment market. In addition, the growing digitalization and automation of business processes are predicted to be a boon. The construction industry has risen at a fair rate in recent years. The trend is projected to continue in the following years, resulting in a considerable quantity of space available for industrial and commercial buildings. Various governments throughout the world are establishing programs to assist the construction industry. The rise of commercial building development is predicted to provide lucrative opportunities for the sector to thrive in the region, which will positively impact the mechanical explosion proof equipment market.

Restraints:

Explosion-proof equipment is used in industries that require a lot of money and machines, such as aerospace, manufacturing, and defense. As a result, the cost of needed safety equipment in these businesses is similarly expensive. Therefore, high equipment cost is the major restraint in the mechanical explosion proof equipment market.

Mechanical Explosion Proof Equipment Market Segmentation Analysis:

By Product:

• Cable Glands & Accessories
• Industrial Controls
• Process Instruments
• Sensors
• Signalling Devices

The market is segmented into Cable Glands & Accessories, Industrial Controls, Process Instruments, Sensors, and Signaling Devices. In 2019, the cable glands & accessories category accounted for the lion's share of the global mechanical explosion-proof equipment market. Mechanical retention, strain relief, and earth continuity are all being employed more and more with cable glands and accessories.

By Connectivity Service:

• Wired
• Wireless

The market is segmented into wired and wireless. During the forecast period, the mechanical explosion proof equipment market for wireless connectivity services is expected to rise rapidly. The segment's rise can be due to its lower installation costs, the demand for cable-free operations and reduced space occupied and weight. In addition, wireless devices can reduce the number of devices that must be installed, such as cabling and other installation equipment, resulting in lower installation costs and labor costs.

By Industry:

• Pharmaceutical
• Manufacturing
• Marine
• Mining
• Food Processing
• Oil and Gas

The market is segmented into Pharmaceutical, Manufacturing, Marine, Mining, Food Processing, Oil, and Gas. Due to the widespread adoption of explosion-proof items in this sector as a preventive precaution against explosive areas, the oil and gas industry generated the largest revenue in 2015. Furthermore, in hazardous sectors of the oil and gas industry, the use of spark-resistant enclosures, thermocouples, and sensors eliminates the release of potentially dangerous and combustible substances. As a result, it is predicted to outperform other segments over the forecast period.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Because of its huge explosion-proof technologies, North America is the major revenue contributor to the global mechanical explosion proof equipment market. The increased awareness of worker safety and accidents in hazardous working conditions is a major driver in the global explosion-proof equipment market. For example, in the United States and Europe, there are stringent regulations and laws for occupational health and safety, which are enforced by the organizational safety and health administration (OSHA), mandating the installation of fire and explosion-proof equipment as well as the use of protective equipment for workers who work near arcs and flames. The most important industries in Europe are chemicals, shipbuilding, healthcare, and architecture. The growth of these industries allows the expansion of many other industrial processes, resulting in increased economic growth. In addition, quality and productivity have improved due to the widespread use of explosion-proof equipment in hazardous areas. Apart from Europe and North America, APAC is the third-largest geographic segment, as the explosion-proof equipment market in APAC is growing thanks to government financing in Asian countries. Furthermore, the Asian oil and gas industry is constantly increasing, driven by increased demand and investment activities, resulting in many oil and gas projects in the region.

Impact of COVID-19 on Global Mechanical Explosion Proof Equipment Market

The global market for Explosion-proof Equipment has been impacted by the recent COVID-19 breakout and nationwide lockdowns. This has an impact on the demand for electronics in 2020. During 2020, the pandemic's forced lockdowns disrupted the supply chain, causing interruptions, demand destruction, and a shift in customer behavior. However, demand is projected to revert to normal in the long run, with only a minor kink.

Key Players in the Market:

Major Key Players in the Global Mechanical Explosion Proof Equipment Market are

• Adalet
• Warom Technology
• Intertek
• Extronics
• Bartec
• R. Stahl
• Eaton
• Emerson Electric
• Walsall
• Hubbell
• Thomas & Betts