Global Mechanical Explosion Proof Equipment Market 2017-2021
About Mechanical Explosion Proof Equipment
Mechanical explosion proof equipment is a device that possesses a characteristic of preventing an imminent explosion or withstanding explosions caused due to storage or release of explosive materials within an industry. Mechanical explosion proof equipment is one of the primary developments in the global explosion proof equipment market. Industries that work in a critical work environment and deal in explosive atmosphere need to be protected from such catastrophes. There are a variety of explosion proof couplings used, such as a flexible shaft, safety clutch, and jaw cut couplings. These are installed in heavy machines, which prevent the friction between metal contacts and avoid sparks. The extreme level of friction between metal bodies causes damage to machines. This also leads to increase in mechanical energy or nuclear level energy, which may later lead to a chain reaction and ultimately cause an explosion.Technavio’s analysts forecast the global mechanical explosion proof equipment market to grow at a CAGR of 3.47% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global mechanical explosion proof equipment market for 2017-2021. To calculate the market size, the report considers the new installations and replacement services market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mechanical Explosion Proof Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global mechanical explosion proof equipment market: BARTEC, Emerson, Hawke International, MHE-Demag, and WEG.
Other Prominent Vendors in the market are: Warom Technology
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Automatic shut-off valves. One recent upgrade that industries are making is the installation of automatic shut-off valve on the inlet or discharge piping of tanks. This installation helps in employing the thermal shut-off valve in case the temperature of the tank goes beyond the threshold limit. These devices help in controlling the pressure and temperature of the tanks and prevent the flow of flammable gas, hot air, and liquid into the tanks, thereby minimizing the occurrence of an explosion.”
According to the report, one of the major drivers for this market is Increase in adoption of explosion proof equipment for safety. Industries are exposed to several electrical and non-electrical factors that can lead to an explosion. Even a minute spark may cause an extensive explosion. To prevent these causes, mechanical explosion proof equipment is installed in the machines deployed in industries. For instance, huge filters are used for storing gases and explosive materials, which can be a cause for disaster. A minute leakage and amalgamation of atmospheric gases can also cause an explosion.
Further, the report states that one of the major factors hindering the growth of this market is Price of raw materials. The price of raw materials for manufacturing mechanical explosion proof equipment fluctuates due to price differentiation between various vendors. The raw material suppliers have a long withstanding relation with the mechanical explosion proof equipment manufacturers. This factor makes it difficult for the manufacturers to switch from one supplier to another, as the switching cost involved is high. In such cases, the manufacturers have to give in to the demands of the suppliers and make the transactions accordingly.
BARTEC, Emerson, Hawke International, MHE-Demag, WEG, Warom Technology, ADSI Industries, Baumer, Parker, Miretti, Eaton, Moog, Curtiss-Wright, and WISKA
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