Explosion Proof Equipment Market
Anew investigative report titled “Global Explosion Proof Equipment” has beenadded by Emergen Research to its ever-expanding repository. The report providesa sophisticated analysis of the insightful data of the Explosion ProofEquipment industry that has been formulated based on thorough primary andsecondary research. The details have further been validated and verified by theindustry experts. The precise data offered by the report offers fruitfulinformation about sales strategies to improve market performance.
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The global ExplosionProof Equipment Market is forecasted to be worth USD 10.77 Billion by 2027,according to a current analysis by Emergen Research. The Explosion ProofEquipment market is forecasted to grow substantially throughout the forecastperiod due to the growing government policies in labor protection. The risingwillingness to improve protection in industrialized areas is expected tofurther augment the market growth. Besides, The increasing concern forpreventing explosions among several industries is also expected to boost themarket growth.
Themarket for Explosion Proof Equipment is fragmented, with a significant numberof large and medium-sized players, which account for a significant global shareof the market. The key players of the market are well-equipped with significantmanufacturing resources and are also engaged in various research anddevelopment activities. Some of the top players in the Explosion ProofEquipment comprise:
Key Companies Operating in the Explosion Proof Equipment Marketare:
- Honeywell International Inc.
- Rockwell Automation, Inc.
- ABB Ltd.
- Eaton Corporation Plc
Theevaluation of the companies involves assessment of production and consumptionratio, supply and demand, import/export, market share and size, revenuecontribution, gross revenue, profit margins, and key business expansionstrategies. Other vital information such as mergers and acquisitions,collaborations, joint ventures, government and corporate deals, agreements, andproduct launches, and brand promotional activities are also assessed in thereport.
Radical Highlights of the Report:
- In October 2020, Rockwell Automation Inc. has announced the acquisition of Oylo, a privately held supplier of industrial cybersecurity systems. In this rapidly developing market, the acquisition of Oylo further increases Rockwell’s global distribution platform and extends the range of cybersecurity services applicable to the industrial market.
- Throughout the forecast timeframe, the prevention segment is anticipated to hold the largest market with a CAGR of 5.8%. It is the only appropriate protection method for Zone 0, and it functions in the context of Zone 1 or 2.
- For the forecast timeframe, the gas explosion protection expected to be the largest market in the Explosion Proof Equipment Market as dangerous areas such as Zone 0, Zone 1, and Zone 2 can be protected by this.
- Over the forecast period, the Zone 0 segment is expected to capture the largest market. An explosive atmosphere consisting of a mixture of air and flammable substances, in the form of gas, vapor, or mist, is continuously or regularly present in this zone for a prolonged period.
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Regional Bifurcation includes:
• NorthAmerica (U.S.,Canada)
• Europe(U.K., Italy, Germany, France, Rest ofEU)
• AsiaPacific (India,Japan, China, South Korea, Australia, Rest of APAC)
• LatinAmerica (Chile,Brazil, Argentina, Rest of Latin America)
• MiddleEast & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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About Us:
At Emergen Research, we believe in advancing withtechnology. We are a growing market research and strategy consulting companywith an exhaustive knowledge base of cutting-edge and potentiallymarket-disrupting technologies that are predicted to become more prevalent inthe coming decade.
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