Report : Middle East and Africa Explosion Proof Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By System (Junction Boxes & Enclosures, Lighting System, Monitoring System, Signaling Devices, Automation System, Cable Glands, HVAC Systems, and Others), Protection Method (Explosion Prevention, Explosion Containment, and Explosion Segregation), and Industry (Pharmaceutical, Mining, Oil & Gas, Manufacturing, Food Processing, Energy & Power, Chemical & Petrochemical, and Others)
Oil & Gas Segment to Dominate MEA Explosion Proof Equipment Market during 2020–2028
According to a new market research study on “MEA Explosion Proof Equipment Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by System, Protection Method, and Industry” is expected to reach US$ 178.52 million by 2028 from 115.03 US$ million in 2021. The market is estimated to grow at a CAGR of 6.5% from 2021 to 2028. The report provides trends prevailing in the MEA explosion proof equipment market along with the drivers and restraints pertaining to the market growth. Growing construction sector is the major factor driving the growth of the MEA explosion proof equipment market. However, issues associated complexities involved in installation of explosion proof equipment hinders the growth of MEA explosion proof equipment market.
MEA explosion proof equipment market is segmented into system, protection method, industry and country. Based on system, the MEA explosion proof equipment market is sub segmented into junction boxes & enclosures, lighting system, monitoring system, signaling devices, automation system, cable glands, HVAC systems, and others. In 2021, the cable glands segment led the market and accounted for the largest market share. Based on protection method, the MEA explosion proof equipment market is further segmented into explosion prevention, explosion containment, and explosion segregation. In 2021, the explosion prevention segment led the market and accounted for the largest market share. Based on industry, the MEA explosion proof equipment market is sub segmented into pharmaceutical, mining, oil & gas, manufacturing, food processing, energy & power, chemical & petrochemical, and others. In 2021, the oil & gas segment led the market and accounted for the largest market share. Based on country, the MEA explosion proof equipment market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. Rest of MEA held the largest market share in 2021.
ABB Ltd, BARTEC Group, Eaton Corporation plc, Emerson Electric Co., Hubbell Incorporated, R. STAHL AG, Rockwell Automation, Inc., and Siemens AG are among the leading companies in the MEA explosion proof equipment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Rockwell Automation offered new Allen?Bradley 1718 Ex I/O modules for easy and efficient device connections in hazardous areas. The intrinsically safe distributed I/O modules provide EtherNet/IP connectivity to field devices in Zone 0 and Zone 1 hazardous areas.
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