Report Overview
The Global Explosion-Proof Equipment Market growing at a CAGR of 6.2% during the forecast period 2024-2031
Explosion-proof equipment refers to products or devices designed to withstand internal pressures caused by vapors, fibers, gases, or dust in the surrounding environment. This equipment is crucial for preventing explosions or sparks from escaping into the external environment and potentially causing larger explosions.
Certification bodies such as the ATEX directive and IEC/IECEx play a vital role in certifying explosion-proof equipment. The ATEX Directive 2014/34/EU specifically covers equipment intended for use in potentially explosive atmospheres, outlining the necessary health and safety requirements before products can be placed on the market.
On the other hand, IECEx, which stands for the International Electrotechnical Commission Explosive, is a system aimed at facilitating global trade in equipment and services used in explosive environments while ensuring the required safety standards are maintained.
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Explosion-Proof Equipment Market Trends
Stringent regulations aimed at ensuring the safety of personnel in the mining industry are expected to drive growth in the explosion equipment market.
The mining sector is particularly susceptible to fire and explosion hazards due to the presence of flammable gases, combustible liquids, and ignitable particles in the air. The accumulation of these hazardous materials in underground mines and processing plants often leads to explosions.
For example, according to the International Labour Organization (ILO), although the mining industry employs only about 1% of the global workforce, it accounts for 8% of fatal accidents. China, with the world’s largest mining industry producing millions of tons of coal annually, bears responsibility for 80% of global mining fatalities each year.
To mitigate the risk of explosion disasters, governments worldwide have implemented stringent regulations. These regulations include mine-specific safety legislation, state regulations, and guidelines for electrical safety in mines, all aimed at reducing the high fatality rate associated with mining operations.
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Market Segmentation
By Product
- Cable Glands & Accessories
- Process Instruments
- Industrial Controls
- Motors
By Zone Classification
- Zone 0
- Zone 1
- Zone 2
- Zone 20
- Zone 21
- Zone 22
By Product
- Wired
- Wireless
By System
- Power Supply System
- Material Handling
- Motor
- Automation System
- Surveillance System
- Other Systems
By End-User
- Electrical
- Mining
- Energy and Power
- Chemical and Petrochemical
- Pharmaceutical
Explosion-Proof Equipment Market Players
Major players are ABB Ltd., Siemens, Honeywell Global Inc., Rockwell Automation, Inc., Eaton Corporation Plc, Intertek, R STAHL, Patlite Corporation, Supermen and QUINTEX GMBH.
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