At 6.7% CAGR, Middle East & Africa Explosion Proof Equipment Market is Projected to be worth US$ 446.77 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa explosion proof equipment market was valued at US$ 265.40 million in 2023 and is expected to reach US$ 446.77 million by 2031, registering a CAGR of 6.7% from 2023 to 2031. Integration with IoT and construction sector booming are among the critical factors attributed to drive the Middle East & Africa explosion proof equipment market growth.

As offshore production and exploration activities continue to increase, the requirement for enhanced safety measures becomes critical. The rising number of offshore installations, such as oil rigs and platforms, requires the adoption of explosion-proof equipment to protect workers and assets. The offshore industry is exposed to stringent safety standards and regulations imposed by regulatory bodies. Compliance with these standards is essential, which is driving the demand for explosion-proof equipment that guarantees compliance with hazardous area classification and prevents accidents due to explosions or sparks. Various regions have their regulatory standards. For example, ATEX Directive 2014/34/EU is Europe’s new approach directive that is applied to protective systems against explosions as well as all equipment utilized in or related to explosive atmospheres, including electrical and nonelectrical equipment, components and safety devices, and controls and adjustments necessary for the safe operation of this equipment and protective systems. Additionally, several global standards are applied. A few of them are mentioned below:

• IEC/EN 60079-0: For use in explosive gas atmospheres (general rules)
• IEC/EN 60079-1: Explosive atmospheres - Part 1: Equipment protection by flameproof enclosures “d”
• IEC/EN 60079-7: Explosive atmospheres - Part 7: Equipment protection by increased safety “e”
• IEC/EN 60079-31: Explosive atmospheres - Part 31: Equipment protection against ignition of dust by enclosure “t“

With the stringent regulatory standards, industries and businesses will need to upgrade the existing equipment to comply with new safety standards and regulations. This is expected to create a huge demand for explosion-proof equipment in the market.

On the contrary, the complexities involved in installation and maintenance of explosion-proof equipment hampers the growth of Middle East & Africa explosion proof equipment market.

Based on protection method, the Middle East & Africa explosion proof equipment market is segmented into junction boxes and enclosures, lighting system, monitoring system, signaling devices, automation system, cable glands, HVAC systems, and others. The cable glands segment held 26.6% market share in 2023, amassing US$ 70.62 million. It is projected to garner US$ 108.73 million by 2031 to register 5.5% CAGR during 2023–2031. The monitoring system segment is further sub segmented into cameras, data loggers, sensors, and others.

In terms of category, the Middle East & Africa explosion proof equipment market is segmented into explosion prevention, explosion containment, and explosion segregation. The explosion prevention segment held 54.9% share of Middle East & Africa explosion proof equipment market in 2023, amassing US$ 145.70 million. It is anticipated to garner US$ 238.28 million by 2031 to expand at 6.3% CAGR during 2023–2031.

By industry, the Middle East & Africa explosion proof equipment market is segmented into oil and gas, manufacturing, mining, chemical and petrochemical, energy and power, pharmaceutical, water and wastewater management, and others. The oil and gas segment held 30.0% share of Middle East & Africa explosion proof equipment market in 2023, amassing US$ 79.59 million. It is anticipated to garner US$ 140.90 million by 2031 to expand at 7.4% CAGR during 2023–2031.

By country, the Middle East & Africa explosion proof equipment market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 38.2% share of Middle East & Africa explosion proof equipment market in 2023. It was assessed at US$ 101.30 million in 2023 and is likely to hit US$ 163.83 million by 2031, registering a CAGR of 6.2% during 2023–2031.

Key players operating in the Middle East & Africa explosion proof equipment market are ABB Ltd; BARTEC Group; Eaton Corporation plc; Emerson Electric Co.; Hubbell Incorporated; R. STAHL AG; Rockwell Automation, Inc.; and Siemens AG, among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com