For more insights on YOY and CAGR, Read Sample Report
Vendor Insights
Electrical Explosion Proof Equipment Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- ABB Ltd.
- Eaton Corporation Plc
- Emerson Electric Co.
- Honeywell International Inc.
- Pepperl+Fuchs SE
- R&M Electrical Group Ltd.
- R. STAHL AG
- Rockwell Automation Inc.
- Siemens AG
- WEG Equipamentos Eletricos SA
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Click here for a sample report.
Geographical Market Analysis
APAC will account for 58% of market growth. The two biggest markets in APAC for electrical explosion-proof devices are China and India. This region's market will expand more quickly than those in other areas. During the forecast period, more plants and facilities will be established in APAC as a result of large corporations need to meet the region's growing population.
Furthermore, countries such as China, the US, Germany, India, and Russian Federation are expected to emerge as prominent markets for Electrical Explosion Proof Equipment Market during the forecast period.
Know more about this market's geographical distribution along with a detailed analysis of the top regions. Request Sample Report!
Key Segment Analysis
Industrial will significantly increase its market share of electrical explosion-proof equipment during the anticipated term. Throughout the projected period, it is anticipated that the global market for industrial applications of electrical explosion-proof equipment would expand steadily. The rise in the adoption of electrical explosion-proof equipment across industries will be influenced by increasing industrial automation and the necessity for safety precautions at the workplace.
View Sample: to know additional highlights and key points on various market segments and their impact in coming years.
Key Market Driver:
The growing demand for safety in industrial operations is one of the main factors propelling the electrical explosion-proof equipment market's expansion. All industries now consider environmental, health, and safety standards to be essential requirements. Industries are taking action to increase process safety in the hopes that doing so will increase employee productivity. Other reasons driving the need for increased focus on industrial safety include an increasingly younger generation workforce, industrial operations in remote locations, and the high price of sophisticated machinery.
The growing emphasis on explosion prevention as well as the increased need for emergency response systems and safety sensors are significant factors propelling the market for electrical explosion-resistant equipment.
Download sample for highlights on market Drivers & Challenges affecting the medical education market.
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Electrical Explosion Proof Equipment Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.13% |
Market growth 2021-2025 |
$ 7.68 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.60 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 58% |
Key consumer countries |
China, US, Germany, India, and Russian Federation |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ABB Ltd., Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Pepperl+Fuchs SE, R&M Electrical Group Ltd., R. STAHL AG, Rockwell Automation Inc., Siemens AG, and WEG Equipamentos Eletricos SA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: chain analysis: Heavy electrical equipment
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 15: Application - Market share 2020-2025 (%)
- 5.2 Comparison by Application
- Exhibit 16: Comparison by Application
- 5.3 Industrial - Market size and forecast 2020-2025
- Exhibit 17: Industrial - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Industrial - Year-over-year growth 2020-2025 (%)
- 5.4 Non-industrial - Market size and forecast 2020-2025
- Exhibit 19: Non-industrial - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Non-industrial - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Application
- Exhibit 21: Market opportunity by Application
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 North America - Market size and forecast 2020-2025
- Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 31: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 38: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- 10.3 ABB Ltd.
- Exhibit 43: ABB Ltd. - Overview
- Exhibit 44: ABB Ltd. - Business segments
- Exhibit 45: ABB Ltd. - Key news
- Exhibit 46: ABB Ltd. - Key offerings
- Exhibit 47: ABB Ltd. - Segment focus
- 10.4 Eaton Corporation Plc
- Exhibit 48: Eaton Corporation Plc - Overview
- Exhibit 49: Eaton Corporation Plc - Business segments
- Exhibit 50: Eaton Corporation Plc - Key news
- Exhibit 51: Eaton Corporation Plc - Key offerings
- Exhibit 52: Eaton Corporation Plc - Segment focus
- 10.5 Emerson Electric Co.
- Exhibit 53: Emerson Electric Co. - Overview
- Exhibit 54: Emerson Electric Co. - Business segments
- Exhibit 55: Emerson Electric Co.- Key news
- Exhibit 56: Emerson Electric Co. - Key offerings
- Exhibit 57: Emerson Electric Co. - Segment focus
- 10.6 Honeywell International Inc.
- Exhibit 58: Honeywell International Inc. - Overview
- Exhibit 59: Honeywell International Inc. - Business segments
- Exhibit 60: Honeywell International Inc. - Key offerings
- Exhibit 61: Honeywell International Inc. - Segment focus
- 10.7 Pepperl+Fuchs SE
- Exhibit 62: Pepperl+Fuchs SE - Overview
- Exhibit 63: Pepperl+Fuchs SE - Product and service
- Exhibit 64: Pepperl+Fuchs SE - Key offerings
- 10.8 R&M Electrical Group Ltd.
- Exhibit 65: R&M Electrical Group Ltd. - Overview
- Exhibit 66: R&M Electrical Group Ltd. - Product and service
- Exhibit 67: R&M Electrical Group Ltd. - Key offerings
- 10.9 R. STAHL AG
- Exhibit 68: R. STAHL AG - Overview
- Exhibit 69: R. STAHL AG - Business segments
- Exhibit 70: R. STAHL AG - Key news
- Exhibit 71: R. STAHL AG - Key offerings
- Exhibit 72: R. STAHL AG - Segment focus
- 10.10 Rockwell Automation Inc.
- Exhibit 73: Rockwell Automation Inc. - Overview
- Exhibit 74: Rockwell Automation Inc. - Business segments
- Exhibit 75: Rockwell Automation Inc. - Key news
- Exhibit 76: Rockwell Automation Inc. - Key offerings
- Exhibit 77: Rockwell Automation Inc. - Segment focus
- 10.11 Siemens AG
- Exhibit 78: Siemens AG - Overview
- Exhibit 79: Siemens AG - Business segments
- Exhibit 80: Siemens AG - Key news
- Exhibit 81: Siemens AG - Key offerings
- Exhibit 82: Siemens AG - Segment focus
- 10.12 WEG Equipamentos Eletricos SA
- Exhibit 83: WEG Equipamentos Eletricos SA - Overview
- Exhibit 84: WEG Equipamentos Eletricos SA - Business segments
- Exhibit 85: WEG Equipamentos Eletricos SA - Key offerings
- Exhibit 86: WEG Equipamentos Eletricos SA - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 87: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 88: Research Methodology
- Exhibit 89: Validation techniques employed for market sizing
- Exhibit 90: Information sources
- 11.4 List of abbreviations
- Exhibit 91: List of abbreviations
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