Explosion-Proof Equipment Market Scope, Growth, Size and Share by 2030
Explosion-Proof Equipment Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 8.40 Billion |
Market Size by 2031 | US$ 13.69 Billion |
Global CAGR (2023 - 2031) | 6.3% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Systems
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Explosion-Proof Equipment Market News and Recent Developments
The explosion-proof equipment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the explosion-proof equipment market are listed below:
- Larson Electronics announced the release of an explosion-proof motor for use in Class I, Divisions 1 and 2 hazardous locations. This 1.5-horsepower motor is compatible with 230 V AC single-phase 60 Hz and offers 7.8 FLA. This unit is Class F insulation rated and features a NEMA 56H motor frame that can be installed with industrial systems through an integrated mounting foot.
(Source: Larson Electronics, Press Release, March 2024)
- Larson Electronics announced the release of an explosion-proof LED exit sign with emergency battery backup for use in Class I, Divisions 1 and 2 hazardous locations. This exit sign is equipped with a 1.1-watt LED lamp and offers a 3-hour runtime. This unit features a self-diagnostic system and 8" letters for marking emergency exits. This sign is multi-voltage capable and offers three mounting options.
(Source: Larson Electronics, Press Release, March 2024)
Explosion-Proof Equipment Market Report Coverage and Deliverables
The "Explosion-Proof Equipment Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Explosion-proof equipment market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Explosion-proof equipment market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Explosion-proof equipment market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the explosion-proof equipment market
- Detailed company profiles