South Korea Explosion Proof Equipment Market Size & Outlook
South Korea explosion proof equipment market, 2018-2030 (US$M)
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South Korea explosion proof equipment market highlights
- The South Korea explosion proof equipment market generated a revenue of USD 130.7 million in 2024 and is expected to reach USD 180.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.6% 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 130.7 million |
| Market revenue in 2030 | USD 180.1 million |
| Growth rate | 5.6% (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, South Korea accounted for 1.6% 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 Asia Pacific, China explosion proof equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 473.5 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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South Korea 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 57.23% in 2024. Horizon Databook has segmented the South Korea explosion proof equipment market based on explosion prevention, explosion containment, explosion segregation covering the revenue growth of each sub-segment from 2018 to 2030.
As of 2021, South Korea was home to more than 31,300 food processing companies, generating USD 63.3 billion in sales. With a strong reliance on imported raw materials and ingredients, South Korea's food processing industry imported USD 20.9 billion worth of basic and intermediate agricultural products in 2022.
The growing volume of imported materials, which often involve combustible elements like oils, flours, and chemicals, is significantly driving the demand for explosion-proof equipment.
As these products are processed, stored, and handled, there is an increased need for safety measures to prevent potential hazards associated with the volatile nature of the substances, fueling the need for explosionproof technology in production and manufacturing facilities.
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Target buyers of South Korea 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 South Korea explosion proof equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea explosion proof equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea explosion proof equipment market size, by protection method, 2018-2030 (US$M)
South Korea Explosion Proof Equipment Market Outlook Share, 2024 & 2030 (US$M)
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