Explosion Proof Equipment Market Size, Share & Trends Analysis Report By Protection Method (Explosion Prevention, Explosion Containment), By Industry (Mining, Oil & Gas), By System, By Region, And Segment Forecasts, 2023 - 2030

Explosion Proof Equipment Market Trends

The global explosion proof equipment market size was estimated at USD 7.6 billion in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 5.3% from 2023 to 2030. The growing importance of workplace safety to avoid explosions in various industries is likely to have a positive impact on the market over the forecast period. Explosion proof equipment are designed to prevent the ignition of flammable gases, and vapors in potentially hazardous environments where there is a possibility of explosion. These explosive environments can be found in various industries such as chemical, pharmaceutical, oil & gas, and manufacturing industry. The use of explosion proof equipment is essential in industries where safety is a top priority, as it helps minimize the risk of catastrophic accidents and ensures compliance with safety regulations and standards governing hazardous environments.

The well-established safety regulations given by agencies like OSHA (Occupational Safety and Health Administration), a regulatory agency overlooked by the U.S. Department of Labor, and NFPA (National Fire Protection Association), and an international non-profit organization have made it mandatory to use the explosion proof equipment in hazardous environments, driving demand for such products.

North America is a significant market in the chemical processing and petrochemical industry, where handling flammable substances is a common practice. Due to the operational requirement to handle these highly flammable substances daily to protect the workers, and capital-intensive equipment adequate explosion proofing is required. Hence to prevent accidents explosion proof equipment is essential for ensuring the safety of plants.

As explosion-proof equipment are designed primarily to mitigate the risk of explosions, they are often more reliable than conventional measures, such as sealings, enclosures, and housings. They are typically built to withstand harsh conditions such as high temperatures & corrosion and offer longer lifespans compared to conventional equipment. This is likely to increase the demand for explosion proof equipment industry over the forecast period.

Companies in the global market are actively focusing on investing in research and development activities which enables them to retain their market share thereby further penetrating the explosion proof equipment industry. For instance, in July 2022, Ben Buchele Elektromotorenwerke GmbH launched a new product, ATEX/IECEx. It is an explosion-proof motor designed for offshore and marine facilities to ensure safety from explosions.

Protection Method Insights

Explosion prevention held the highest market share of 45.1% in 2022 in the protection method segment of the market. The explosion prevention equipment are specifically engineered to minimize the risk of igniting flammable gases, vapors, dust, or fibers, thereby decreasing the probability of explosions and fires. Explosion prevention equipment involves products such as electrical enclosures and flame arrestors. They are meticulously designed to confine any potential explosions originating within them.

Government regulations and strict industry standards to protect workers in hazardous explosive-prone areas is an important driver for the market growth. To mitigate the risk of explosion & disaster, compliance with these safety regulations is required by various end-use industries. Such government regulations and industry standards are expected to drive the growth of the explosion prevention segment.

The explosion containment segment is expected to witness the highest CAGR over the forecast period. Explosion containment refers to the practice of designing systems, equipment, or structures to withstand and contain the force, pressure, and potential damage caused by an explosion within a confined space. They are designed to withstand the force and pressure generated by an explosion, preventing it from causing damage or harm outside the enclosure.

These kinds of equipment are used in oil & gas industries where the risk of explosion is very high. The growing oil and gas production is expected to drive the demand for the explosion containment segment over the forecast owing to the suitable characteristics. Moreover, the expansion of industries such as chemicals, pharmaceuticals, and manufacturing are expected to drive the demand for explosion containment equipment.

System Insights

Junction boxes are expected to showcase lucrative CAGR over the forecasted period. Junction boxes and enclosures are essential components of explosion proof equipment used in various industries such as mining and healthcare. These boxes and enclosures are designed to house electrical connections, switches, and other sensitive components while ensuring that, they should not become ignition sources in potentially explosive atmospheres. Junction boxes are typically constructed from materials that can contain an explosion, such as cast aluminum or stainless steel.

Monitoring systems are also expected to grow at a significant CAGR over the forecast period owing to the various technological features and real-time observation. Monitoring systems in the explosion proof equipment sector refer to specialized devices and technologies designed to monitor and control various aspects of safety and operations in hazardous environments. Further, there are various types of systems which include, gas monitoring systems, fire & smoke detection systems, and pressure monitoring systems.

Cable glands, also known as cable connectors or cable fittings, are devices used in explosion proof equipment and hazardous environments to provide watertight cable entry points into electrical enclosures and junction boxes. Cable glands provide mechanical protection to cables by securing them in place and preventing them from bending and straining. Moreover, in acidic environments, cable glands can offer protection from corrosion.

HVAC (Heating, Ventilation, and Air Conditioning) systems play a critical role in maintaining indoor air quality, temperature control, and comfort in various industrial and commercial facilities. In areas where ventilation is critical for diluting or removing hazardous gases or dust, explosion proof ventilation control systems may be used.  Further, in various industrial environments where high explosion risks exist, the integration of explosion proof equipment and safety measures into HVAC systems is essential to ensure the safety of personnel and protect against potential explosions or fires.

Industry Insights

Mining held the highest market share of 21.6% in 2022 in the industry segment of the market. Mines typically have the presence of potentially explosive gases and volatile substances. The use of explosion proof equipment in the mining industry is crucial for ensuring the safety of personnel and preventing catastrophic accidents.Explosion proof electrical equipment, such as motors, switches, and electrical enclosures, are used to prevent electrical sparks or arcs that could ignite the mix made of flammable gases and oxygen.

Further, the growth of the manufacturing, electronics, and semiconductor industry is likely to create a surging demand for various elements and precious metals. The subsequent increase in mining activities across the globe is anticipated to drive the demand for safety equipment, thereby driving the growth of the mining segment over the forecast period.

Oil & gas refineries are expected to showcase lucrative CAGR over the forecasted period. Oil refineries, both offshore and onshore drilling operations, and facilities processing natural gas and gas liquids involve the handling of flammable gases and vapors. Due to this shared characteristic, explosion proof equipment is an essential safety measure employed across these different aspects of the industry. The specialized equipment is designed to prevent sparks or other sources of ignition, ensuring that flammable gases and vapors do not result in catastrophic incidents.

Food processing operations often utilize flammable ingredients, including alcohol-based flavor extracts, cooking oils, or cleaning agents containing alcohol. Furthermore, specific food materials, such as flour, sugar, or grains, can generate combustible dust during processing or handling. To mitigate this risk, explosion proof equipment is employed, including dust collectors and protective enclosures for electrical components to reduce the likelihood of dust explosions.

Regional Insights

North America held the highest market share of 27.8% in 2022, owing to the presence of well-established government regulations such as OSHA and NFPA, and oil & gas, chemical, and mining industries. Further, power plants including those for electricity generation and distribution, use explosion proof equipment in critical areas where flammable gases or vapors may be present. This helps ensure uninterrupted power supply and safety. In construction projects such as tunnels, and transportation infrastructure explosion segregation and prevention equipment are used to prevent catastrophic mishaps.

Asia Pacific is anticipated to grow at the fastest (CAGR) from 2023 to 2030, attributed to the increasing industrial activities in sectors such as manufacturing, chemical & petrochemical processing, pharmaceutical, and food processing. This region is also undergoing extensive mining exploration activities. Many countries in the region such as China and India have rich mineral resources, leading to robust mining activities. Explosion proof equipment is vital in mining operations where explosive gases or dust are present. Finally, industries are increasingly adopting explosion proof equipment to meet compliance requirements and protect against potential accidents.

Key Companies & Market Share Insights

The manufacturers adopt several strategies, including acquisitions, mergers, joint ventures, new launches, expansions, etc. to enhance market penetration and cater to the changing technological requirements of various end-use industries. Some of the major companies have undertaken measures such as technological upgrades and material launches for manufacturing superior quality and gaining sustainability in the sector. In January 2023, Siemens launched two smoke detectors FDA262 and FDA261suited for critical infrastructure and covering large protection areas. This new launch has extended the company’s product portfolio. Some prominent players in the global explosion proof equipment market include:

• Adalet

• Siemens

• Honeywell International Plc.

• Rockwell Automation Inc.

• ABB

• Eaton Corporation

• Emerson Electric Co.

• Waram Technology Inc.

• WorkSite Lighting

• Extronics Ltd.

• Allay Industry Co. Ltd.

• Tomar Electronics Inc.

• Potter Electric Signal Co. LLC

• Federal Signal Corporation

• Pepperl+Fuchs SE

Explosion Proof Equipment Market Report Scope

Global Explosion Proof Equipment Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global explosion proof equipment market report based on protection method, industry, system, and region:

• Protection Method Outlook (Revenue, USD Billion, 2018 - 2030)

  • Explosion Prevention

  • Explosion Containment

  • Explosion Segregation

• Industry Outlook (Revenue, USD Billion, 2018 - 2030)

  • Pharmaceuticals

  • Mining

  • Oil & Gas

  • Manufacturing

  • Food Processing

  • Energy & Power

  • Chemical & Petrochemical

  • Others

• System Outlook (Revenue, USD Billion, 2018 - 2030)

  • Junction Boxes & Enclosures

  • Lighting Systems

  • Monitoring Systems

  • Signaling Devices

  • Automation Systems

  • Cable Glands

  • HVAC Systems

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Spain

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • UAE

    • South Africa

    • Saudi Arabia