The Report “Explosion Proof Equipment in Automation and Control Systems Market – by Type (Control Panels, Enclosures, Lighting, VFD, Material Handling Systems); by End user industry (Oil & Gas, Mining, Food Processing, Pharmaceuticals) – With Forecast (2015 – 2020)”, published by IndustryArc, the market to reach $1 billion by 2020
Browse 34 Market Tables, 52 Figures spread through 225 Pages and an in-depth TOC on “Explosion Proof Automation & Control Systems Market”:
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Explosions in a manufacturing plant can cause disastrous effects, sometimes even leading to loss of human lives apart from damage of the machinery. There are many sources of explosion such as leakage of gases or vapors, dust, pressure expansion, and so on. To prevent it, several types of protection measures are adopted when designing products for chemical, electrical, mechanical or nuclear use. Such products are termed as explosion proof (Ex) equipment. The equipment does not withstand any explosion; instead prevent internal spark or explosion which may lead to large blast.
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According to a recent study from IndustryARC the global market value of explosion proof automation and control systems was nearly equal to $730 Million in 2014, where the component type explosion proof equipment account for more than 85% Market Share. In component types, control stations market is the dominant market led by Junction boxes and LED Lighting. In these industries, the adoption of automation and control systems is on the rise and is creating market for the explosion proof equipment. Increasing manufacturing plants globally is aiding the market growth.
The LED lighting and assembly segment is estimated to exhibit healthy growth in the period of 2015-2020 and is seen as a potential high growth segment. In 2015, most of the products launched revolved around LED Light equipment. BARTEC group and Larsen Electronics have launched products during this period. Moreover, BARTEC Group acquired TOP group to utilize TOP Group’s LED lighting capabilities in hazardous areas to develop innovative products for explosion proof market.
Europe region was the Biggest Market with nearly $306Million Revenue in 2014, & estimated to grow at the lowest CAGR of 6.6% from 2014 to 2020. However, South American market is poised to grow at 10% CAGR while APAC market is forecast to grow at 8.4% through 2020 respectively. Europe and North America are the major regions in the Explosion Proof Equipment Market. This market is fast growing in emerging economies of the world such as BRIC countries due to growing economic conditions.
The Major Players in this Market Include
- Cooper Crouse-Hinds (U.S)
- R. Stahl Inc. (Germany)
- Pepperl + Fuchs (Germany)
Emerson Electric (U.S)
- Hubbell Inc. (U.S)
Explosion Proof equipment manufacturers have utilized mergers and acquisitions as well as product launches to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in high growth markets.
The Global Explosion Proof Equipment Market in Automation & Control Systems Report provides detailed analysis of the different type of equipment based on type of protection and type of the component.
The Explosion Proof Equipment Market study across various industries is incorporated in the Report
- Oil & Gas Production and Refining
- Marine Industry
- Food Processing
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
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