The latest market intelligence report offers valuable insights into the prevailing growth opportunities for the global Explosion Proof Equipment market and its intensely competitive scenario. The insightful data and information in the report have been gathered from a wide range of primary and secondary sources. This market report on Explosion Proof Equipment provides detailed information about the latest developments, trade regulations, import-export analyses, production analysis, and value chain optimization. It also analyses the impact of localized market players.

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 report studies the impact of the COVID-19 pandemic on the Explosion Proof Equipment market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.

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Some Key Highlights from the Report

• In October 2020, Rockwell Automation Inc. has announced the acquisition of Oylo, a privately held supplier of industrial cybersecurity systems. In this rapidly developing market, the acquisition of Oylo further increases Rockwell’s global distribution platform and extends the range of cybersecurity services applicable to the industrial market.
• Throughout the forecast timeframe, the prevention segment is anticipated to hold the largest market with a CAGR of 5.8%. It is the only appropriate protection method for Zone 0, and it functions in the context of Zone 1 or 2.
• For the forecast timeframe, the gas explosion protection expected to be the largest market in the Explosion Proof Equipment Market as dangerous areas such as Zone 0, Zone 1, and Zone 2 can be protected by this.
• Over the forecast period, the Zone 0 segment is expected to capture the largest market. An explosive atmosphere consisting of a mixture of air and flammable substances, in the form of gas, vapor, or mist, is continuously or regularly present in this zone for a prolonged period.
• The segment of cable glands is expected to grow significantly over the forecast period since cable glands perform significant functions in managing cables.
• Over the forecast period, the oil & gas industry is anticipated to hold the largest market, as the explosion-proof equipment is widely used in Liquefied Natural Gas plants and oil refinery.

The leading market contenders listed in the report are:

Honeywell International Inc., Rockwell Automation, Inc., ABB Ltd., Eaton Corporation Plc, Siemens AG, R Stahl AG, Hatch Transformers Inc, Pentair plc, Bartec GmbH, Cortem S.p.A.

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Market Segmentations of the Explosion Proof Equipment Market

For this study, this report segments the global Explosion Proof Equipment market on the basis of product, application, and region:

Segments Covered in this report are:

• 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

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Regional Outlook of the Explosion Proof Equipment Market

The global Explosion Proof Equipment market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Explosion Proof Equipment market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key Points of the Geographical Analysis:

• Data and information related to the consumption rate in each region
• Estimated increase in the consumption rate
• Proposed growth of the market share of each region
• Geographical contribution to market revenue
• Expected growth rate of the regional markets

Key reasons to buy the Global Explosion Proof Equipment Market report:

1. The latest report comprehensively studies the global Explosion Proof Equipment market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

In conclusion, the Explosion Proof Equipment Market report is an exhaustive database that will help readers formulate lucrative strategies. The Explosion Proof Equipment Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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