Latin America Explosion Proof Equipment Market Size & Outlook
Latin America explosion proof equipment market, 2018-2030 (US$M)
Related Markets
Latin America explosion proof equipment market highlights
- The Latin America explosion proof equipment market generated a revenue of USD 504.0 million in 2024.
- The market is expected to grow at a CAGR of 6.7% from 2025 to 2030.
- In terms of segment, explosion prevention was the largest revenue generating protection method in 2024.
- Explosion Prevention is the most lucrative protection method segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 504.0 million |
| Market revenue in 2030 | USD 742.3 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | Explosion prevention |
| Fastest growing segment | Explosion Prevention |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Explosion Prevention, Explosion Containment, Explosion Segregation |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global explosion proof equipment market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,085.0 million by 2030.
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Explosion Proof Equipment Market Scope
Explosion Proof Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America explosion proof equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to explosion proof equipment market will help companies and investors design strategic landscapes.
Explosion prevention was the largest segment with a revenue share of 57.8% in 2024. Horizon Databook has segmented the Latin America explosion proof equipment market based on explosion prevention, explosion containment, explosion segregation covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is witnessing robust growth in oil and gas exploration, particularly in countries like Brazil, Argentina, and Mexico.
Brazil, as the largest oil producer in the region, achieved an average daily oil production of 3.02 million barrels in 2022, with 97.6% sourced offshore.
Argentina's shale oil boom further strengthens the sector, with crude oil exports increasing by 33% annually from 2017 to 2023.
Explosion-proof equipment, such as ATEX-certified junction boxes and flameproof lighting systems, is indispensable in ensuring operational safety on offshore platforms and during pipeline maintenance, where exposure to flammable hydrocarbons is prevalent.
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Target buyers of Latin America explosion proof equipment market databook
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Our clientele includes a mix of explosion proof equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America explosion proof equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America explosion proof equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America explosion proof equipment market size, by country, 2018-2030 (US$M)
Latin America Explosion Proof Equipment Market Outlook Share, 2024 & 2030 (US$M)
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