Mexico Explosion Proof Equipment Market Size & Outlook
Mexico explosion proof equipment market, 2018-2030 (US$M)
Related Markets
Mexico explosion proof equipment market highlights
- The Mexico explosion proof equipment market generated a revenue of USD 152.4 million in 2024 and is expected to reach USD 215.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6% 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.
Explosion proof equipment market data book summary
| Market revenue in 2024 | USD 152.4 million |
| Market revenue in 2030 | USD 215.7 million |
| Growth rate | 6% (CAGR from 2025 to 2030) |
| Largest segment | Explosion prevention |
| Fastest growing segment | Explosion Prevention |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Explosion Prevention, Explosion Containment, Explosion Segregation |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.9% of the global explosion proof equipment market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. explosion proof equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 215.7 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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Mexico 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 57.15% in 2024. Horizon Databook has segmented the Mexico explosion proof equipment market based on explosion prevention, explosion containment, explosion segregation covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Trade Administration, the steady increase in Mexico's upstream oil & gas market, indicates a growing demand for safety equipment in the industry.
As oil production rises, particularly in offshore and high-risk drilling areas, the need for explosion-proof equipment, including motors, control panels, and lighting, escalates.
This growth directly drives the demand for explosion-proof solutions to ensure safe operations in hazardous environments.
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Target buyers of Mexico 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico explosion proof equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico explosion proof equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico explosion proof equipment market size, by protection method, 2018-2030 (US$M)
Mexico Explosion Proof Equipment Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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