Global Electrical Explosion Proof Equipment Market is Expected to Reach USD 7.9 billion by 2023

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In the next five years, the global consumption of Explosion Proof Equipment will show upward tendency further, revenue is expected in 2022 will be 7655.52 M USD.

Electrical Explosion Proof Equipment is product adopting several types of protection measures to prevent explosions from occurring in hazardous areas such as an unanticipated rise in the energy (chemical, mechanical or nuclear) of the system in an unbridled way accompanied by increase in temperature and release of gases.

This report focuses on the Electrical Explosion Proof Equipments in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Eaton, Emerson, Siemens, R.Stahl Inc., Pepperl+Fuchs, Thomas & Betts (ABB) and Bartec captured the top revenue share spots in the Electrical Explosion Proof Equipment market. Eaton dominated with 8.72 percent revenue share in 2016, followed by Emerson with 6.52 percent revenue share, R.Stahl Inc with 4.95 percent revenue share, and Siemens with 4.45 percent revenue share.

In the next five years, the global consumption of Explosion Proof  Equipment will show upward tendency further, revenue is expected in 2022 will be 7655.52 M USD.

Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.

Although sales of Explosion Proof Equipment brought a lot of opportunities, for the new entrants with only advantage in capital without enough support in technology and downstream channels, the research group did not recommend taking risk the enter this market.

The worldwide market for Electrical Explosion Proof Equipment is expected to grow at a CAGR of roughly 3.8% over the next five years, will reach 7930 million US$ in 2023, from 6330 million US$ in 2017, according to a new study.

Market Segment by Manufacturers, this report covers

  • Eaton
  • Emerson
  • R.Stahl
  • Siemens
  • Pepperl+Fuchs
  • Thomas & Betts (ABB)
  • Bartec
  • GE
  • Toshiba
  • WEG
  • Wolong
  • Jiamusi Electric Machine
  • Dianguang Technology
  • Feice
  • Er’Le Electrical Technology
  • Bada Electric
  • Shlmex
  • Helon
  • Huaxia
  • Warom

Market Segment by Regions, regional analysis covers

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

  • Flame-proof Type
  • Increased Safety Type
  • Intrinsic Safety Type
  • Positive-pressure Type
  • Oil-immersed Type
  • Sand Filled Type
  • Others

Market Segment by Applications, can be divided into

  • Oil and Gas
  • Mining
  • Chemical & Material
  • Manufacturing Processing
  • Others

 

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