The global
explosion
proof equipment market size is projected to grow from USD 7.4billion in
2020 to USD 9.9billion by 2025, at a CAGR of 5.9% from 2020 to 2025. Factorssuch
as the increasing industrial safety measures and rising Energy Requirements are
expected to fuel the growth of the explosion
proof equipment industry.
The major
players in the explosion proof equipmentmarket are Siemens (Germany), Honeywell
International, Inc. (US), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US),
and Eaton Corporation Plc (Ireland).
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By
product type, the cable glands & accessories segment holds the largestshare
of the explosion proof equipment market.Cable glands & accessories are
increasingly being used for mechanical retention, strain relief, and earth
continuity. Cable glands come with different protection
types, such as inner and outer sheath seal with armor clamp for steel wire,
steel tape, screened or braided cables, and lead sheathed cables. The pioneers in manufacturing cable
glands and related accessories for explosion proof equipment include Eaton
Corporation Plc (Ireland), Hawke International (UK), and Emerson Electric Co.
(US).
Based
on connectivity service, the wireless connectivity services segment is
projected to grow at a higher growth rate as compared to the wired connectivity
services segment during the forecast period.
The
growth of the wireless services segment can be attributed to its lower
installation cost, the requirement for cable-free operations, and reduction in
space occupied and weight. Wireless devices can minimize the number of devices
installed, such as cabling and other installation
equipment leading to low installation expenditure and low labor costs.
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For example,the wireless fire alarm system is an effective alternative to traditional wired fire alarm systems across end-use industries, ranging from oil & gas to mining and pulp & paper. They make use of secure, license-free radio communications to interconnect the sensors and devices such as detectors and call points with controllers.
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