Explosion-Proof Equipment Market
Added: (Thu Feb 17 2022)
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Explosion-Proof Equipment Market
Market Overview
The Global "Explosion-Proof Equipment Market" growing at a CAGR of 6.2% during the forecast period (2021-2028).
Explosion-proof equipment is those products or equipment which must withstand an internal preventing the impact of vapors, fibers, gases or dust in the surrounding environment. Thus, the equipment prevents explosions or sparks from escaping into the external environment and being the cause of a larger explosion.
ATEX directive and IEC/IECEx are the primary certification bodies that certify explosive-proof equipment. The ATEX Directive 2014/34/EU covers equipment intended for use in potentially explosive atmospheres. The directive defines the necessary health and safety requirements to be applied before products are placed on the market. On the other hand, IECEx stands for Global Electro-technical Commission Explosive, a system used to expedite global business in equipment and services utilized in explosive environments while maintaining the required safety level.
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Market Dynamics
The stringent regulation over personnel safety in the mining industry is expected to drive the explosion-proof equipment market. However, the market presence of intrinsically safe equipment is expected to hinder the explosion-proof equipment market.
The stringent regulation over the safety of personnel in the mining industry is expected to drive the explosion equipment market
The mining sector is prone to high fire or explosion hazards due to flammable gases, combustible liquid–produced vapors or ignitable flying particles present in sufficient quantities in the air to produce explosive mixtures. The accumulation of flammable, toxic gases and combustible dust causes the majority of explosions in underground mines and processing plants.
For instance, as per the Global Labour Organisation (ILO), while Mining employs around 1% of the global labor force, it generates 8% of fatal accidents. China has the world's largest mining industry, producing up to three million tons of coal each year. But it is responsible for 80% of mining deaths globally each year.
Countries have put in much effort to avoid explosion calamities. Recent stringent government restrictions across the mining industries in numerous nations, such as the mines regulations, state-specific health and safety legislation for workers and electrical safety in mines, are being followed, considering the high fatality rate.
The intrinsically safe equipment market presence is expected to hinder the explosion-proof equipment market.
An intrinsically safe approach limits the energy available to the equipment, usually less than 2 watts, using a galvanic or Zener barrier. The products are designed so that the equipment cannot generate sufficient heat or sparks to ignite flammable gases under any circumstance. In addition, intrinsically safe equipment is considerably cheaper than comparable explosion-proof equipment and no special cabling is required.
COVID-19 Impact Analysis
The recent COVID-19 breakout and nationwide lockdowns have impacted the global market for explosion-proof equipment. The pandemic had an impact on electronics consumption in the year 2020. However, the demand is anticipated to revert to normal in the long run, with only a minor kink.
Segment Analysis
Based on the zone, the global explosion-proof equipment market is segmented into animal zone 0, zone 1, zone 2, zone 20, zone 21 and zone 22.
Zone 0 is an explosive atmosphere consisting of a mixture of air of flammable materials in the form of gas, vapor or mist. Zone 1 is similar to Zone 0, but the explosion is likely to occur occasionally in normal operation. In addition, zone 2 area in which an explosive atmosphere is not likely to happen in common operation but, if it does occur, will continue for a shorter duration.
Moreover, zone 20 is where an explosive atmosphere occurs in a cloud of combustible dust in the air continuously, for long periods or repeatedly. Zone 21 is the same as zone 20, but it is likely to occur occasionally in normal operations. In addition, zone 22 areas in which an explosive atmosphere does not occur in regular operation but, if it does occur, will continue for a short period only.
Geographical Analysis
The global explosion-proof equipment market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa based on geography.
In North America, the major regulatory bodies are Underwriters Laboratories (UL), Occupational Safety and Health Administration (OSHA), National Fire Protection Association (NFPA), Factory Mutual - FM3610 and others. Therefore, the market witnessed an increase in the replacement rates of the existing equipment.
The existing classification in the U.S. is based on class. Because of the presence of Article 505 in the NEC and the similarity in the 'zone' standards, a U.S.-based firm offering zone-classified products for global markets can now receive FM with little or no modification. However, the government incorporates laws into its systems to ensure that they are globally authorized due to globalization. The accreditations have enabled the creation of a complete examination and testing program that addresses the needs for multiple certifications.
The presence of several pharmaceutical manufacturing plants is expected to help the region's pharmaceutical industry develop. Companies are likely to follow the FDA's tight guidelines and install explosion-proof gear in plants and hazardous places, all of which are expected to boost the market's growth.
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Competitive Landscape
The global explosion-proof equipment market is consolidated with several end-use industries such as automotive and aerospace companies, resulting in high investment by multinational and local companies, contributing to the major share in the market growth. In addition, major players contributing to the market's growth are ABB Ltd., Siemens, Honeywell Global Inc., Rockwell Automation, Inc., Eaton Corporation Plc, Intertek, R STAHL, Patlite Corporation, Supermec, QUINTEX GMBH and others. Further, the companies are adopting growth strategies such as expansions, acquisitions, product launches and collaborations, contributing to the market growth globally.
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