Global Explosion Proof Equipment Market Size, Share, Opportunities, And Trends By Hazardous Zone (Zone 0, Zone 1, Zone 2, Zone 20, Zone 21, Zone 22), By Equipment (Air-Conditioners, Transformers, Distribution Boxes And Empty Enclosures, Lighting Technology, Others), By Industry Vertical (Pharmaceutical, Chemical, Oil And Gas, Mining, Waste Management, Others), And By Geography - Forecasts From 2024 To 2029

The global explosion proof equipment market is projected to grow from US$8.449 billion in 2024 to US$14.140 billion in 2029, at a CAGR of 10.85%.

The market growth is anticipated to be aided by advancements in the automation industry, expansion of industrial sectors, and rising demand for integrated systems. For instance, workers in the oil and gas sector frequently have to work in dangerous environments. Safety should always come first in locations with enough combustible liquids, gases, vapors, or combustible dust to cause a fire.

Guaranteeing that operators are constantly informed of and safeguarded from external hazards is crucial. Furthermore, offshore facilities, factories, and refineries are frequently exposed to combustible materials.

Global Explosion Proof Equipment Market Drivers:

• Guidelines to bolster worker safety in hazardous environments drive the market expansion.

Increased harmonization in explosion-proof equipment guidelines worldwide will further assist market expansion during the forecast period. Specialized IEC and ISO working groups coordinate global perspectives on the explosion safety of electrical and non-electrical equipment. Internationally harmonized design accords were created in IEC standards fairly early on in the field of electrical engineering. This was mostly carried out following CENELEC guidelines.

The agreement in content and registration number between the necessary IEC/ISO (global), EN (Europe), and standards publications is an obvious indicator of harmonization (60079 series). Currently, there is active work being done on harmonization. Although there are ongoing changes, this arrangement will facilitate future international work. Working groups within ISO/IEC follow the same procedures and apply the (80079 series) to non-electrical devices. The formation of toxic and flammable gases and combustible dust is the primary cause of explosions in underground coal mines and processing plants.

• Growing technological advancements have accelerated the market expansion.

Rapid technological advancements have further propelled the efforts to bolster worker safety through new innovations. According to the National Institute for Occupational Safety and Health (NIOSH), mining enterprises are implementing automation and other sophisticated technology to increase productivity and safety in the industry, which is undergoing tremendous changes. Moreover, companies are investing in new product innovations and development intending to enhance worker's safety and operational efficiency. For instance, KSB’s smart monitoring solutions portfolio, inclusive of its “Guard Monitoring Solution”, is designed to be used in a potentially explosive atmosphere.

Likewise, in April 2022, Mitsubishi Heavy Industries, in collaboration with ENEOS Corporation, developed a second-generation “EX ROVR” plant inspection robot equipped with explosion-proof features that will provide round-the-clock inspection in an explosive atmosphere.

• High occupational fatality has propelled the market growth.

Underground mining and working in chemical or petrochemical facilities poses several challenges, including insufficient ventilation, exposure to hazardous gases, and negative health effects. According to the National Institute For Occupational Safety and Health, in 2022, the occupational mining fatality rate stood at 11.77%. Likewise, according to the Ministry of Manpower, in 2022, Singapore’s number of workplace-related injuries reached 46, which represented a significant increase of 24% over 2021’s figure.

Due to this reason, governments around the world are regulating mining laws to ensure greater safety concerns. For example, under the Work Health and Safety (Mines and Petroleum Sites) Act 2013, the NSW Government launched the Work Health and Safety (Mines and Petroleum Sites) Amendment Regulation.

Global Explosion Proof Equipment Market Restraints:

• High manufacturing costs can hamper the market growth.

Explosion-proof equipment provides high-performance benefits and safeguards the well-being of workers and laborers working in hazardous environments. However, the per capita cost of developing such equipment featuring an array of sensors, software, and hardware can be significantly high, which can make it difficult for small-scale businesses and manufacturing facilities to afford such equipment. Moreover, the lack of technical know-how among workers on how to operate such equipment can also pose a challenge to the overall market expansion.

Global Explosion Proof Equipment Market Geographical Outlook

• North America is expected to account for a considerable market share.

North America is projected to constitute a considerable market share fueled by the growing prevalence of fatalities in hazardous workplaces. Major regional economies, namely the USA, harbors the highest number of oil refineries and is the major chemical manufacturing nation. According to the US Energy Information Administration, as of January 2023, the USA contained 124 operable oil refineries. Additionally, according to the Cybersecurity and Infrastructure Security Agency, there are nearly 11,128 chemical manufacturing facilities in the USA among which 991 facilities and 2,446 basic chemical facilities.

Besides chemical and petrochemical products, mining activities are also witnessing significant growth in the region, which is further anticipated to bolster the demand for explosion-proof equipment. According to National Resource Canada, in 2022, the country’s mineral production valuation stood at $75 billion, with 200 mines. The same source stated that in the same year, $18 billion was invested in new capital construction, accounting for 6% of total non-residential capital investment in the country.

Global Explosion Proof Equipment Market Key Developments

• March 2024: Axis Communication launched “AXIS Q1961-XTE”, the world’s first thermometric explosion-protected camera specifically designed for Zone 2/21 and Class I/II/III division 2 hazardous locations. The camera’s automated alert and remote temperature monitoring capability enhances operational efficiency by providing advanced warning of overheating equipment.
• September 2023: A contract of sale was formed between BARTEC and a UK-based manufacturer of IIoT and explosion-proof equipment, Extronics. The former agreed to acquire the latter as a part of BARTEC’s strategy to expand the portfolio of its hazardous equipment.
• July 2022: Yokogawa Electric Corporation developed an explosion-proof tunable diode spectrometer, “TDLS8200”, which the company launched as part of its OpreXTM Analyzer series. The explosion-proof spectrometer provides high measurement stability and reliability and can directly measure two gas types at high speed.
• January 2022: Flameproof low-voltage motors were introduced by ABB Ltd (India) for applications in potentially explosive settings. The flameproof low voltage motors provide many advantages, such as decreased vibration levels, better reliability for a longer lifespan, and fewer maintenance requirements for a lower total cost of ownership.
• January 2022: The certified Explosion Proof (EX) lift truck line, which consists of traditional Hyster lift trucks transformed by RICO Manufacturing, Inc. was expanded by Hyster Company. Lift trucks that are EX-rated can operate in hazardous environments with highly combustible or flammable vapors, dust, liquids, or fibers because they have special safety features.

Explosion Proof Equipment Market Scope:

 

Report Metric	Details
Market Size Value in 2024	US$8.449 billion
Market Size Value in 2029	US$14.140 billion
Growth Rate	CAGR of 10.85% from 2024 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Hazardous Zone Equipment Industry Vertical Geography
Companies Covered	CorDEX Instruments Adalet Pepperl+Fuchs GmbH Extronics Ltd Siemens AG
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

The Global Explosion Proof Equipment market is segmented and analyzed as follows:

• By Hazardous Zone
  • Zone 0
  • Zone 1
  • Zone 2
  • Zone 20
  • Zone 21
  • Zone 22
• By Equipment
  • Air Conditioners
  • Transformers
  • Distribution Boxes and Empty Enclosures
  • Lighting Technology
  • Others
• By Industry Vertical
  • Pharmaceutical
  • Chemical
  • Oil & Gas
  • Mining
  • Waste Management
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Iran
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL EXPLOSION PROOF EQUIPMENT MARKET BY HAZARDOUS ZONE

5.1. Introduction

5.2. Zone 0

5.3. Zone 1

5.4. Zone 2

5.5. Zone 20

5.6. Zone 21

5.7. Zone 22

6. GLOBAL EXPLOSION PROOF EQUIPMENT MARKET BY EQUIPMENT

6.1. Introduction

6.2. Air Conditioners

6.3. Transformers

6.4. Distribution Boxes and Empty Enclosures

6.5. Lighting Technology

6.6. Others

7. GLOBAL EXPLOSION PROOF EQUIPMENT MARKET BY INDUSTRY VERTICAL

7.1. Introduction

7.2. Pharmaceutical

7.3. Chemical

7.4. Oil and Gas

7.5. Mining

7.6. Waste Management

7.7. Others

8. GLOBAL EXPLOSION PROOF EQUIPMENT MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Iran

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. Australia

8.6.5. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. CorDEX Instruments

10.2. Adalet

10.3. Pepperl+Fuchs GmbH

10.4. Extronics Ltd

10.5. Siemens AG

10.6. ABB

10.7. Rockwell Automation, Inc.

10.8. RAE Systems by Honeywell

10.9. R. STAHL

CorDEX Instruments

Adalet

Pepperl+Fuchs GmbH

Extronics Ltd

Siemens AG

ABB

Rockwell Automation, Inc.

RAE Systems by Honeywell

R. STAHL