Electrical Explosion Proof Equipment Market by Application, Type, and Geography - Forecast and Analysis 2023-2027

Electrical Explosion Proof Equipment Market Forecast 2023-2027

The electrical explosion proof equipment market is estimated to grow by USD 9.60 billion at a CAGR of 12.28% between 2022 and 2027. Industrial hazards result in loss of life, resources, and work hours. Incidents disrupt nearby equipment and workers, causing work stoppages and affecting productivity. To mitigate these risks, safety devices are integrated to safeguard machinery and employees, reducing downtime and its associated impacts. This emphasis on prevention is anticipated to propel the global electrical explosion proof equipment market in the future.

What will be the size of the Market During the Forecast Period?

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The electrical explosion-proof equipment market is crucial across diverse industries like the chemical, pharmaceutical, and oil & gas sectors, ensuring safety in hazardous handling regions. It caters to various needs, from electrical fixtures enclosures to flame arrestors and explosion containment devices, vital for oil & gas production and mining operations. As safety regulations tighten, demand grows in industrial sectors and construction sites, emphasizing the importance of hazardous area limit switches and hazardous area lighting. Noteworthy companies like Allmanna Svenska Elektriska Aktiebola and Brown, Boveri & Cie lead in providing cutting-edge solutions in power and automation technologies, enhancing safety standards in aerospace and manufacturing units. Utilizing specialized components like those in the cable glands & accessories segment and non-electrical fixtures, they mitigate risks associated with gas or vapor exposure. Robust apparatus is deployed to handle these hazards effectively, reducing the likelihood of accidents. With the focus on electrification and robotics, the market ensures safety in workplaces and critical infrastructure, mitigating risks associated with hazardous handling regions and workplace mishaps.

Market Dynamics

The explosion-proof equipment market is pivotal in safeguarding industries like the chemical industry, pharmaceutical industry, and oil & gas industries, ensuring protection in hazardous areas. Essential components such as electrical enclosures, flame arrestors, and explosion containment systems play critical roles in these environments. With a focus on oil & gas production and energy & power industries, the market provides specialized solutions like cable glands & accessories and hazardous area limit switches and sensors to mitigate risks. Renowned players like Allmanna Svenska Elektriska Aktiebola and Brown, Boveri & Cie lead in offering advanced power and automation technologies, adhering to government rules and regulations. As industries embrace electrification and automation, integrated systems and wireless connectivity services become integral, ensuring comprehensive safety measures in hazardous handling regions. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

One of the key factors driving the electrical explosion-proof equipment market growth is the increasing demand for safety in industrial operations. Health, safety, and the environment have become unquestionable necessities in all industries. The industry is taking steps to improve process safety and hopes to improve work efficiency in return. Some of the reasons for the need to focus more on occupational safety are the increase in the younger generation workforce, industrial activities in remote areas, and the high cost of advanced machinery.

With the advent of Industry 4.0 and IoT, the adoption of new machinery in industries has increased. These machineries are effective and efficient but are priced higher than the conventional ones. The need to protect this high-cost machinery is driving the adoption of industrial safety processes in operations. All this is bolstering the demand for electrical explosion-proof equipment, which is expected to accelerate the market growth during the forecast period.

Market Trends

The increasing need for emergency response systems and safety sensors are the major market trends. The need for emergency response systems and safety sensors has become a major trend in the industry. The use of signaling devices that alert the workforce about incoming hazards and help in saving property and human life is on the rise.

Safety sensors can warn operators to stop a machine or equipment in case it undergoes a breakage. In such situations, a warning helps shut down other related operations and prevent the spreading of the hazard. It is expected that during the forecast period, industrial and non-industrial applications will witness the higher implementation of emergency response devices and safety sensors to address asset and incumbent safety.

Market Challenge

Fluctuating prices of raw materials are one of the key challenges hindering the electrical explosion-proof equipment market growth. Enclosures, encapsulations, and conduit and cable seals require materials such as iron, aluminum and steel for production. The prices of these raw materials vary throughout the year. These variations can be a result of price wars between raw material suppliers or due to changes in export and import regulations of the supplying nation.

The fluctuation in prices of raw materials is expected to prevail during the forecast period. Manufacturers of electrical explosion-proof equipment rely heavily on raw material suppliers, and due to volatility in prices, they face challenges in terms of manufacturing cost. To overcome this, most manufacturers seek a long-term alliance with raw material suppliers. However, this does not happen in most cases. This is because several small-scale manufacturers are financially incapable of forming such contracts with raw material suppliers. So, the fluctuating raw material prices may hinder the growth of the global electrical explosion-proof equipment market during the forecast period.

Key Customer Landscape

The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Electrical Explosion Proof Equipment Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

WEG SA - The company is into manufacturing electrical explosion-proof motors designed for hazardous locations in accordance with the hardest standard criteria assuring the safety, energy saving, and low operational costs as its key offerings.

The market forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:

• ABB Ltd.
• Atexxo Manufacturing BV
• BARTEC Top Holding GmbH
• Eaton Corp. Plc
• Emerson Electric Co
• Extronics Ltd.
• Flexpro Electricals Pvt. Ltd
• Honeywell International Inc.
• Miretti Srl
• Patlite Corp.
• Pepperl and Fuchs SE
• Potter Electric Signal Co LLC
• R&M Electrical Group Ltd.
• R Stahl AG
• Rockwell Automation Inc.

Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

In industries ranging from oil and gas extraction to manufacturing units and mining sites, the adoption of motion and robotics & discrete automation technologies revolutionizes operational efficiency and safety protocols. Specialized equipment such as generators, pumps, compressors, and blowers ensure seamless fuel and energy delivery while minimizing risks associated with hazardous areas and toxic and flammable gases. The incorporation of hazardous area lighting & emergency lighting enhances visibility in critical environments, complementing surveillance and signaling techniques to prevent accidents such as mine explosions. Regulatory bodies like OSHA drive adherence to safety standards, addressing concerns such as the lack of standardization and high installation costs prevalent in the oil and gas industry and petrochemical sectors. As industries in the Asia-Pacific region tap into natural resources like coal reserves and oil shale reserves, the demand for AC motors, DC motors, and low-voltage motors from tier 2 manufacturers and tier 3 manufacturers surges, propelling the motion and automation industry towards innovation and reliability.

By Application

Based on application, the market is segmented into industrial and non-industrial. The market share growth of the industrial segment will be significant during the forecast period. The global electrical explosion-proof equipment market by industrial applications is expected to maintain a steady growth rate during the forecast period. Growing industrial automation and the need for safety measures at workplaces will contribute to the rise in the adoption of electrical explosion-proof equipment across industries.

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The Industrial segment was valued at USD 8.99 billion in 2017. The rising adoption of industrial automation in the power industry, electronics industry, and automotive industry will drive the growth of the market by industrial applications during the forecast period.

Regional Analysis

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APAC is estimated to account for 57% of the global market share growth during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC is expected to register growth in almost all industries during the forecast period. The urge of major companies to cater to the demand of the rising population in the region will prompt the setting up of an increased number of plants and facilities during the forecast period.

In India, the increase in the purchasing power parity of the population has enhanced the sales of automobiles in the country. This has encouraged major automobile manufacturers such as Harley-Davidson to open their plants in the country. The densely populated region of APAC is expected to raise the demand for automobiles during the forecast period. The growth of the automotive industry is expected to increase the adoption of industrial automation and, therefore, the requirement for safety devices. This necessity, in turn, is expected to drive the growth of the electrical explosion-proof equipment market in APAC during the forecast period.

Market Analyst Overview

The Electrical Explosion Proof Equipment Market addresses workplace safety concerns in industries such as chemical, pharmaceutical, oil & gas, and manufacturing sectors, ensuring compliance with OSHA and NFPA regulations. Key players like Ben Buchele Elektromotorenwerke GmbH offer ATEX/IECEx-certified solutions for explosion prevention and containment, including junction boxes, monitoring systems, and cable glands. These systems find applications in hazardous environments such as oil & gas refineries, mining operations, and food processing plants, mitigating risks associated with combustible dust and toxic gases. With the demand for wireless connectivity services and integrated systems rising, the market experiences steady growth driven by safety concerns, regulatory compliance, and advancements in automation technology.

In sectors like the aerospace industry, aircraft maintenance sites, and manufacturing and machine processing units, safety regulations enforced by regulatory agencies such as OSHA are paramount. These guidelines ensure workplace safety amidst potential hazards like toxic substances, combustible materials, and flameproof equipment. In the oil and gas sector and petrochemical industries, stringent measures are implemented to mitigate risks associated with oil and shale reserves and prevent incidents like leaks and fatalities. Similarly, in the mining profession, where operations involve exposure to toxic substances and combustible materials, safety protocols are crucial to safeguard workers' well-being. Furthermore, in industries handling manufacturing equipment and machine tools, adherence to safety standards is vital to prevent accidents and ensure operational continuity. From energy extraction to fuel extraction and processed food products, the focus remains on enhancing safety measures, including the use of flameproof low-voltage motors, to promote a secure working environment across various sectors.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook
  • Industrial
  • Non-industrial

• Type Outlook
  • Flame-proof type
  • Increased safety type
  • Intrinsic safety type
  • Positive-pressure type
  • Others

• Region Outlook
  • APAC
    • China
    • India
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Brazil
    • Argentina

Electrical Explosion Proof Equipment Market Scope
Report Coverage	Details
Page number	174
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 12.28%
Market growth 2023-2027	USD 9.60 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	11.1
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 57%
Key countries	US, China, India, Germany, and Russia
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., Atexxo Manufacturing BV, BARTEC Top Holding GmbH, Eaton Corp. Plc, Emerson Electric Co, Extronics Ltd., Flexpro Electricals Pvt. Ltd, Honeywell International Inc., Miretti Srl, Patlite Corp., Pepperl and Fuchs SE, Potter Electric Signal Co LLC, R&M Electrical Group Ltd., R Stahl AG, Rockwell Automation Inc., Siemens AG, Supermec Pvt. Ltd., TRI FLP Engineers Pvt Ltd, VIMEX, and WEG SA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electrical explosion-proof equipment market between 2023 and 2027
• Precise estimation of the electrical explosion-proof equipment market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industry across APAC, North America, Europe, the Middle East and Africa, and South America
• Our market growth and forecasting report includes a thorough analysis of the market’s competitive landscape and detailed information about Companies
• Comprehensive analysis of factors that will challenge the growth of electrical explosion-proof equipment market Companies

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