Global Mechanical Explosion Proof Equipment Market 2017-2021

Overview of the global mechanical explosion proof equipment market

Technavio's market study report identifies the probing of mining sites as one of the primary growth factors for the growth of the mechanical explosion proof equipment market. Mining operations are executed in atmospheres with combustible gases and a mixture of flammable vapor that are prone to explosions. Electrical and non-electrical equipment may produce a spark and result in ignition. This demands the need for mining equipment equipped with mechanical explosion proof devices to limit the leakage of explosive gasses and vapor and prevent explosion in any condition. According to our analysts, this market will grow steadily at a CAGR of more than 3% by 2021.

The implementation of automatic shut-off valves is one of the key trends behind the growth of the explosion proof equipment market. Industries are increasingly installing automatic shut-off valve on the discharge piping of the tanks that will employ the thermal shut-off valve if the temperature in the tank exceeds the threshold limit. These devices will aid in controlling the pressure and temperature of the tanks while preventing the flow of flammable gas, hot air, and liquid into the tanks. Implementation of this technology minimizes the occurrence of an explosion and acts as substitute for the mechanical explosion proof equipment.

Competitive landscape and key vendors

The mechanical explosion proof equipment market is concentrated and is dominated by the key vendors that strictly adhere to the safety regulations to attract customers. The key players account for the major shares due to the high prices charged and brand value in the explosion proof equipment market. Due to the low product differentiation, the explosion proof conduit manufacturers compete based on price and this results in profits for the low-cost regional players.

The leading vendors in the market are -

• BARTEC
• Emerson
• Hawke International
• MHE-Demag
• WEG

The other prominent vendors in the market are Warom Technology, ADSI Industries, Baumer, Parker, Miretti, Eaton, Moog, Curtiss-Wright, and WISKA.

Segmentation by product type and analysis of the mechanical explosion proof equipment market

• Spark arrestors
• Cable glands
• Actuators
• Solenoid valves
• Couplings
• Compressors

Industrial equipment and machines are equipped with spark arrestors to prevent the free flow of explosive substances and collect the flammable carbon particles. The common nature of spark formation influences the widespread application of spark arrestors in industrial machines. The type of spark arrestors varies with the type of machinery and environment. The increasing demand for spark arrestors drives the growth of this industry segment in the explosion proof equipment market.

Segmentation by end user and analysis of the mechanical explosion proof equipment market

• Automotive industry
• Oil and gas industry
• Power industry
• Mining industry

The growing demand for automobiles in various regions and the increasing need for safety to protect against the malfunction of machines used in the automobile industries will contribute to the growth of this segment in the explosion proof equipment market. Explosions in these industries are primarily caused by fires produced by friction between machine parts or due to malfunction of any equipment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global mechanical explosion proof equipment market?
• What are the key market trends impacting the growth of the global mechanical explosion proof equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global mechanical explosion proof equipment market?
• What are the market opportunities and threats faced by the vendors in the global mechanical explosion proof equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global mechanical explosion proof equipment market?

Technavio also offers customization on reports based on specific client requirement.

Mechanical explosion proof equipment includes devices that help prevent an imminent explosion or withstand explosions caused due to storage or release of explosive materials. This upcoming industry research report on the global mechanical explosion proof equipment market offers insights into the key trends and developing drivers influencing the growth of the chemicals and materials industry. Our market research reports for the chemicals and materials sector follow an in-depth data collection methodology and offer an analysis of fast growing market segments like the personal protective equipment.

By conducting a thorough analysis of key parameters such as technology, profit, pricing, competition, and distribution, market research analysts at Technavio shed light on the complete competitive landscape of the market. Qualitative and quantitative research methodologies are also used to accurately forecast the growth of the market, which will help the client in making the investment and product decisions to expand in emerging markets. The research report also provides geography-wise industry data and market landscape by covering geographies like APAC, the Americas, and EMEA.

This upcoming industry report on the global mechanical explosion proof equipment market also considers the growth of the related markets such as the global valve positioners market, which is expected to grow at a CAGR of close to 4% during the forecasted period. This upcoming market research report on the mechanical explosion proof equipment market also covers vendors like WEG, R.STAHL, MHE-Demag, Bartech, Emerson Electric, Baumer, and Hawke.

The upcoming report on the mechanical explosion proof equipment market also identifies other key aspects of business intelligence such as profits, products, demand-supply patterns, distributions, as well as the opportunities and challenges faced by the industry. This report on the global mechanical explosion proof equipment market also presents deep-dive market assessments into the sectors such as speciality chemicals and glass and ceramics.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.