North America Explosion Proof Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By System (Junction Boxes & Enclosures, Lighting System, Monitoring System, Signaling Devices, Automation System, Cable Glands, HVAC Systems, and Other
Description
North America Explosion Proof Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By System (Junction Boxes & Enclosures, Lighting System, Monitoring System, Signaling Devices, Automation System, Cable Glands, HVAC Systems, and Others), Protection Method (Explosion Prevention, Explosion Containment, and Explosion Segregation), and Industry (Pharmaceutical, Mining, Oil & Gas, Manufacturing, Food Processing, Energy & Power, Chemical & Petrochemical, and Others)
The North America explosion proof equipment market is expected to grow from US$ 2,701.87 million in 2021 to US$ 4,027.90 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
With continuous expansion in the North America oil & gas industry, the demand for explosion-proof equipment is increasing substantially. According to an article published by the ministry of India in December 2021, crude oil consumption is expected to reach 500 million tons by 2040 from 221.56 million tons in 2017 at a CAGR of 3.6%. According to the US Energy Information Administration data in January 2022, the annual average US crude oil production is anticipated to increase to 11.8 million b/d and 12.4 million b/d in 2022 and 2023, respectively.
Explosion-proof equipment plays a crucial role in the oil & gas industry as employees in the oil & gas industry have to work at hazardous sites. In areas where flammable liquids, gases, vapors, or combustible dust exist in sufficient quantities, safety is the priority for keeping employees and operators safe. Generally, refineries, oil plants, and offshore facilities are constantly exposed to flammable substances. And, to combat the high potential for ignition, manufacturers must produce and rigorously test explosion-proof assets. For instance, in September 2020, Mitsubishi Heavy Industries, Ltd. had an agreement with ENEOS Corporation on the joint development of a second-generation EX ROVR (a plant inspection robot) with explosion-proof features to limit the danger of the robot igniting an explosion or fire from electric sparks or heat, even in areas with flammable gas.
Further, the usage of explosion-proof equipment in the oil & gas refineries has aided in reinforcing safety measures for unpredictable work environments. The existence of dangerous compounds in oil and gas facilities denotes several safety challenges for the workers. For instance, hydrocarbon processing, including ethane, fossil fuels, methane, and propane, is a critical process that needs to be carried out in stable atmospheres. Therefore, with the growth in the North America oil & gas industry, the demand for explosion-proof equipment is also increasing to ensure the safety of all operators and employees working in oil & gas factories.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America explosion proof equipment market at a healthy CAGR during the forecast period.
North America Explosion Proof Equipment Market Revenue and Forecast to 2028 (US$ Million)
North America Explosion Proof Equipment Market Segmentation
North America Explosion Proof Equipment Market – By System
Junction Boxes & Enclosures Lighting System Monitoring System Signaling Devices Automation System Cable Glands HVAC Systems Others North America Explosion Proof Equipment Market – By Protection Method
Explosion Prevention Explosion Containment Explosion Segregation North America Explosion Proof Equipment Market – By Industry
Pharmaceutical Mining Oil & Gas Manufacturing Food Processing Energy & Power Chemical & Petrochemical Others North America Explosion Proof Equipment Market, by Country
USCanada Mexico North America Explosion Proof Equipment Market - Companies Mentioned
ABB Ltd BARTEC Group Eaton Corporation plc Emerson Electric Co.Hubbell Incorporated R. STAHL AGRockwell Automation, Inc.Siemens AG
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America explosion proof equipment market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America explosion proof equipment market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the explosion proof equipment market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The North America explosion proof equipment market is expected to grow from US$ 2,701.87 million in 2021 to US$ 4,027.90 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
With continuous expansion in the North America oil & gas industry, the demand for explosion-proof equipment is increasing substantially. According to an article published by the ministry of India in December 2021, crude oil consumption is expected to reach 500 million tons by 2040 from 221.56 million tons in 2017 at a CAGR of 3.6%. According to the US Energy Information Administration data in January 2022, the annual average US crude oil production is anticipated to increase to 11.8 million b/d and 12.4 million b/d in 2022 and 2023, respectively.
Explosion-proof equipment plays a crucial role in the oil & gas industry as employees in the oil & gas industry have to work at hazardous sites. In areas where flammable liquids, gases, vapors, or combustible dust exist in sufficient quantities, safety is the priority for keeping employees and operators safe. Generally, refineries, oil plants, and offshore facilities are constantly exposed to flammable substances. And, to combat the high potential for ignition, manufacturers must produce and rigorously test explosion-proof assets. For instance, in September 2020, Mitsubishi Heavy Industries, Ltd. had an agreement with ENEOS Corporation on the joint development of a second-generation EX ROVR (a plant inspection robot) with explosion-proof features to limit the danger of the robot igniting an explosion or fire from electric sparks or heat, even in areas with flammable gas.
Further, the usage of explosion-proof equipment in the oil & gas refineries has aided in reinforcing safety measures for unpredictable work environments. The existence of dangerous compounds in oil and gas facilities denotes several safety challenges for the workers. For instance, hydrocarbon processing, including ethane, fossil fuels, methane, and propane, is a critical process that needs to be carried out in stable atmospheres. Therefore, with the growth in the North America oil & gas industry, the demand for explosion-proof equipment is also increasing to ensure the safety of all operators and employees working in oil & gas factories.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America explosion proof equipment market at a healthy CAGR during the forecast period.
North America Explosion Proof Equipment Market Revenue and Forecast to 2028 (US$ Million)
North America Explosion Proof Equipment Market Segmentation
North America Explosion Proof Equipment Market – By System
Junction Boxes & Enclosures Lighting System Monitoring System Signaling Devices Automation System Cable Glands HVAC Systems Others North America Explosion Proof Equipment Market – By Protection Method
Explosion Prevention Explosion Containment Explosion Segregation North America Explosion Proof Equipment Market – By Industry
Pharmaceutical Mining Oil & Gas Manufacturing Food Processing Energy & Power Chemical & Petrochemical Others North America Explosion Proof Equipment Market, by Country
USCanada Mexico North America Explosion Proof Equipment Market - Companies Mentioned
ABB Ltd BARTEC Group Eaton Corporation plc Emerson Electric Co.Hubbell Incorporated R. STAHL AGRockwell Automation, Inc.Siemens AG
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America explosion proof equipment market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America explosion proof equipment market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the explosion proof equipment market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
143 Pages
- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. North America Explosion Proof Equipment Market Landscape
- 4.1 market overview
- 4.2 North America PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. North America Explosion Proof Equipment Market – Key Industry Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Rising Demand in Oil & Gas Industry
- 5.1.2 Rising use of Explosion Proof LED Lights
- 5.1.3 Growing Industrial Safety Measures
- 5.2 Key Market Restraint
- 5.2.1 Installation of Explosion Proof Equipment is Complex
- 5.3 Key Market Opportunity
- 5.3.1 Significant Growth in the Construction Sector
- 5.4 Future Trend
- 5.4.1 Upcoming with IoT
- 5.5 Impact Analysis
- 6. Explosion Proof Equipment Market– North America Analysis
- 6.1 Overview
- 6.2 North America Explosion Proof Equipment Market Forecast and Analysis
- 7. North America Explosion Proof Equipment Market – By Systems
- 7.1 Overview
- 7.2 North America Explosion Proof Equipment Market, by Systems (2020 and 2028)
- 7.3 Junction Boxes & Enclosures
- 7.3.1 Overview
- 7.3.2 Junction Boxes & Enclosures: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Lighting System
- 7.4.1 Overview
- 7.4.2 Lighting System: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Monitoring System
- 7.5.1 Overview
- 7.5.2 Monitoring System: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 7.6 Signaling Devices
- 7.6.1 Overview
- 7.6.2 Signalling Devices: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 7.7 Automation Systems
- 7.7.1 Overview
- 7.7.2 Automation Systems: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 7.8 Cable Glands
- 7.8.1 Overview
- 7.8.2 Cable Glands: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 7.9 HVAC Systems
- 7.9.1 Overview
- 7.9.2 HVAC Systems: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 7.10 Others
- 7.10.1 Overview
- 7.10.2 Others: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 8. North America Explosion Proof Equipment Market Analysis – By Protection Method
- 8.1 Overview
- 8.2 North America Explosion Proof Equipment Market, By Protection Method (2020 and 2028)
- 8.3 Explosion Prevention
- 8.3.1 Overview
- 8.3.2 Explosion Prevention: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Explosion Containment
- 8.4.1 Overview
- 8.4.2 Explosion Containment: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Explosion Segregation
- 8.5.1 Overview
- 8.5.2 Explosion Segregation: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 9. North America Explosion Proof Equipment Market – By Industry
- 9.1 Overview
- 9.2 North America Explosion Proof Equipment Market, by Industry (2020 and 2028)
- 9.3 Pharmaceutical
- 9.3.1 Overview
- 9.3.2 Pharmaceutical: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 9.4 Mining
- 9.4.1 Overview
- 9.4.2 Mining: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 9.5 Oil & Gas
- 9.5.1 Overview
- 9.5.2 Oil & Gas: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 9.6 Manufacturing
- 9.6.1 Overview
- 9.6.2 Manufacturing: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 9.7 Food Processing
- 9.7.1 Overview
- 9.7.2 Food Processing: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 9.8 Energy & Power
- 9.8.1 Overview
- 9.8.2 Energy & Power: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 9.9 Chemical & Petrochemical
- 9.9.1 Overview
- 9.9.2 Chemical & Petrochemical: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 9.10 Others
- 9.10.1 Overview
- 9.10.2 Others: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 10. North America Explosion Proof Equipment Market – Country Analysis
- 10.1 Overview
- 10.1.1 North America Explosion Proof Equipment Market Breakdown, by Country
- 10.1.1.1 US Explosion Proof Equipment Market, Revenue and Forecast to 2028
- 10.1.1.1.1 US Explosion Proof Equipment Market Breakdown, By Systems
- 10.1.1.1.2 US Explosion Proof Equipment Market Breakdown, By Protection Method
- 10.1.1.1.3 US Explosion Proof Equipment Market Breakdown, By Industry
- 10.1.1.2 Canada Explosion Proof Equipment Market, Revenue and Forecast to 2028
- 10.1.1.2.1 Canada Explosion Proof Equipment Market Breakdown, By Systems
- 10.1.1.2.2 Canada Explosion Proof Equipment Market Breakdown, By Protection Method
- 10.1.1.2.3 Canada Explosion Proof Equipment Market Breakdown, By Industry
- 10.1.1.3 Mexico Explosion Proof Equipment Market, Revenue and Forecast to 2028
- 10.1.1.3.1 Mexico Explosion Proof Equipment Market Breakdown, By Systems
- 10.1.1.3.2 Mexico Explosion Proof Equipment Market Breakdown, By Protection Method
- 10.1.1.3.3 Mexico Explosion Proof Equipment Market Breakdown, By Industry
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 12. Company Profiles
- 12.1 ABB Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 BARTEC Group
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Eaton Corporation plc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Emerson Electric Co.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Hubbell Incorporated
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Rockwell Automation, Inc.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 R. STAHL AG
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Siemens AG
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 13. Appendix
- 13.1 about the insight partners
- 13.2 Glossary
- List of Tables
- Table 1. North America Explosion Proof Equipment Market Revenue and Forecasts to 2028 (US$ Mn)
- Table 2. North America Explosion Proof Equipment Market, Revenue and Forecast To 2028 – By Country (US$ million)
- Table 3. US Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Systems (US$ million)
- Table 4. US Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Protection Method (US$ million)
- Table 5. US Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
- Table 6. Canada Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Systems (US$ million)
- Table 7. Canada Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Protection Method (US$ million)
- Table 8. Canada Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
- Table 9. Mexico Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Systems (US$ million)
- Table 10. Mexico Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Protection Method (US$ million)
- Table 11. Mexico Explosion Proof Equipment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
- Table 12. Glossary of terms, North America Explosion proof equipment market
- List of Figures
- Figure 1. North America Explosion Proof Equipment Market Segmentation
- Figure 2. North America Explosion Proof Equipment Market segmentation – By Country
- Figure 3. North America Explosion Proof Equipment Market Overview
- Figure 4. Explosion Prevention Held the Highest Share in North America Explosion Proof Equipment Market in 2020
- Figure 5. Cable Glands Held the Highest Share in North America Explosion Proof Equipment Market in 2020
- Figure 6. North America Explosion Proof Equipment Market, by Country
- Figure 7. North America – PEST Analysis
- Figure 8. North America Explosion Proof Equipment Market – ecosystem analysis
- Figure 9. Expert Opinion
- Figure 10. North America Explosion Proof Equipment Market Impact Analysis of Drivers and Restraints
- Figure 11. North America Explosion proof equipment Market Forecast and Analysis, (US$ Mn)
- Figure 12. North America Explosion Proof Equipment Market Revenue Share, by Systems (2020 and 2028)
- Figure 13. North America Junction Boxes & Enclosures: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. North America Lighting System: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 15. North America Monitoring System: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. North America Signaling Devices: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. North America Automation Systems: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. North America Cable Glands: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 19. North America HVAC Systems: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 20. North America Others: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. North America Explosion Proof Equipment Market Revenue Share, by Protection Method (2020 and 2028)
- Figure 22. North America Explosion Prevention: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 23. North America Explosion Containment: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 24. North America Explosion Segregation: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 25. North America Explosion Proof Equipment Market Revenue Share, by Industry (2020 and 2028)
- Figure 26. North America Pharmaceutical: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 27. North America Mining: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. North America Oil & Gas: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 29. North America Manufacturing: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 30. North America Food Processing: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 31. North America Energy & Power: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 32. North America Chemical & Petrochemical: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 33. North America Others: Explosion Proof Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 34. North America Explosion Proof Equipment Market, Revenue and Forecast to 2028 (US$ million)
- Figure 35. North America Explosion Proof Equipment Market Breakdown, by Country, 2020 & 2028 (%)
- Figure 36. US Explosion Proof Equipment Market, Revenue and Forecast to 2028 (US$ million)
- Figure 37. Canada Explosion Proof Equipment Market, Revenue and Forecast to 2028 (US$ million)
- Figure 38. Mexico Explosion Proof Equipment Market, Revenue and Forecast to 2028 (US$ million)
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