Market Leader - Explosion Proof Equipment Market
The global explosion proof equipment market size is projected to grow from USD 7.4 billion in 2020 to USD 9.9 billion by 2025, at a CAGR of 5.9% from 2020 to 2025. Factors such as the increasing industrial safety measures and rising energy requirements are driving the of the explosion proof equipment industry.
The market is segmented into product, zone classification, connectivity service, industry, and geography. Based on product, the market is segmented into cable glands & accessories, process instruments, industrial controls, motors, strobe beacons, lighting products, sensors, bells & horns, fire alarms/ call points, speakers & tone generators, and visual & audible combination units. By zone classification, the market is segmented into Zone 0, Zone 1, Zone 2, Zone 20, Zone 21, and Zone 22. Based on connectivity service, the market is segmented into wireless and wired. Based on industry, the market is segmented into oil & gas, chemicals & pharmaceuticals, food & beverages, energy & power, mining, and others. The market has been studied for four main regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
The major players in the explosion proof equipment market are Siemens (Germany), Honeywell International, Inc. (US), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), and Eaton Corporation Plc (Ireland).
Honeywell International, Inc.
Honey well International is a multinational company, founded in 1906 and headquartered in New Jersey, US. The company offers a variety of commercial and consumer products and engineering services.
With respect to the explosion proof equipment market, Honeywell provides hazardous area limit switches and sensors. These are tailored to the exact specifications for superior performance, extended productivity, and increased safety. These products are designed for a wide range of industrial applications, from mud pumps, valve positioning, and pig position detectors to gate/door monitoring systems and conveyors.
ABB Ltd.
Founded in 1988 and headquartered in Zurich, Switzerland, ABB Ltd. is a multinational company founded through the merger of Allmanna Svenska Elektriska Aktiebola – ASEA (Sweden) and Brown, Boveri & Cie – BBC (Switzerland). ABB Ltd. is a global leader in power and automation technologies. The company operates through business segments such as discrete automation and motion, low-voltage products, process automation, power products, and power systems.
Its explosion proof equipment line of products includes motors, generators, hazardous area lighting & emergency lighting, cable glands, and switches. These offerings are used in oil & gas, chemicals & pharmaceuticals, food & beverage, and mining industries.
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Rockwell Automation, Inc.
Rockwell has been focusing on integrating smart technologies into its products, such as smart sensing. The IO-Link capability, built-in sensors, can integrate into the connected enterprise and aims to converge plant-level and enterprise networks, and securely connect people, processes, and technologies by delivering data and diagnostics from the sensor directly into a control system. This smart sensing technology helps the company minimize downtime and increase productivity.
Siemens
Founded in 1847 and headquartered in Berlin, Germany, Siemens AG is a leading producer of energy-efficient, resource-saving technologies and a supplier of systems for power generation and transmission as well as for medical diagnosis. As of September 30, 2018, the number of employees was 77,000.
Siemens offers a wide range of explosion proof products for use in hazardous areas which includes industrial controls, motors and sensors. The products associated with industrial controls, include overload relays and motor protection switches which are intended for switching and controlling equipment in explosive atmospheres.
Eaton Corporation
Eaton has expanded its hazardous area lighting portfolio with LED lights that cater to Zone 1 & Zone 2 hazardous areas. Eaton can adopt inorganic strategies such as strategic partnerships to generate mutually beneficial revenue synergies and cost savings or enter new markets.
Related Reports:
Explosion Proof Equipment Market by Product (Cable Glands & Accessories, Industrial Controls, Process Instruments, Sensors, and Signaling Devices), Connectivity Service, Zone Classification, Industry, and Geography – Global Forecast to 2025
See Also:
Explosion-proof Lighting Companies
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