Report : Middle East & Africa Explosion-Proof Equipment Market Forecast to 2030 - Regional Analysis - By Systems (Junction Boxes and 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)
At 7.5% CAGR, the Middle East & Africa Explosion-Proof Equipment Market is Speculated to be Worth US$ 207.25 Million by 2030, says Business Market Insights
According to Business Market Insights research, the Middle East & Africa explosion-proof equipment market was valued at US$ 116.03 million in 2022 and is expected to reach US$ 207.25 million by 2030, registering a CAGR of 7.5% from 2022 to 2030. Integration with IoT, increasing use of explosion proof led lights, and growing industrial safety measures are the critical factors attributed to the Middle East & Africa explosion-proof equipment market expansion.
Over the period, IoT has emerged as the most popular trend, which is nearly being associated with every technology. Whether in manufacturing or other industries, IoT is linked to everything. Construction, manufacturing, and agriculture industries tend to have the highest incident/accident rates. There are various risks associated with working in hazardous areas. Moreover, accidents at factories cost millions of dollars in medical expenses, damaged goods, and high insurance premiums every year for operators and workers. Further, factories have multiple interconnected machines and devices working simultaneously, and a minor lapse in judgment can lead to deadly outcomes. Hence, many businesses are now creating IoT-enabled environments to remove the guesswork from manual processes. Smart monitoring allows workers to make correct decisions and, at the same time, stay out of the risk. IoT systems offer multiple benefits for businesses, including improving the use of equipment, reducing incidents due to damaged machinery, and monitoring toxic substances. Firstly, IoT devices allow workers to monitor all industrial processes without coming close to dangerous equipment with the help of deploying several Wi-Fi-enabled beacons attached to the machines. Secondly, IoT detects damaged machinery with the help of implanted sensors. Sensors help in the monitoring and detection of physical parameters of any machinery, including voltage, temperature, and humidity, in real-time. Processes in the manufacturing & construction industry led to the production of toxic substances. Long-term exposure to toxic substances could affect the workers' health. IoT-enabled smart wear can track parameters to notice the signs of fatigue and nausea, encouraging the worker to take regular breaks and leave the area temporarily if there is a spike in toxic gas activity. Therefore, with the evolution of Industry 4.0, the use of IoT in factories is increasing to provide safety to the workers and operators both. Therefore, the explosion-proof equipment market is growing.
On the contrary, complexities involved in installation and maintenance of explosion-proof equipment hampers the Middle East & Africa explosion-proof equipment market.
Based on systems, the Middle East & Africa explosion-proof equipment market is segmented into junction boxes & enclosures, lighting system, monitoring system, signaling devices, automation system, cable glands, HVAC systems, and others. The cable glands segment held 26.9% share of Middle East & Africa explosion-proof equipment market in 2022, amassing US$ 31.26 million. It is projected to garner US$ 52.53 million by 2030 to expand at 6.7% CAGR during 2022-2030.
In terms of protection method, the Middle East & Africa explosion-proof equipment market is categorized into large explosion prevention, explosion containment, and explosion segregation. The explosion prevention segment held 54.5% share of Middle East & Africa explosion-proof equipment market in 2022, amassing US$ 63.28 million. It is projected to garner US$ 103.34 million by 2030 to expand at 6.3% CAGR during 2022-2030.
Based on industry, the Middle East & Africa explosion-proof equipment market is segmented into pharmaceutical, mining, oil & gas, manufacturing, food processing, energy & power, chemical & petrochemical, and others. The oil & gas segment held 23.5% share of Middle East & Africa explosion-proof equipment market in 2022, amassing US$ 27.31 million. It is projected to garner US$ 43.50 million by 2030 to expand at 6.0% CAGR during 2022-2030.
By country, the Middle East & Africa explosion-proof equipment market has been categorized 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 42.5% share of Middle East & Africa explosion-proof equipment market in 2022. It was assessed at US$ 49.27 million in 2022 and is likely to hit US$ 83.58 million by 2030, exhibiting a CAGR of 6.8% during 2022-2030.
Key players operating in the Middle East & Africa explosion-proof equipment market are ABB Ltd, Cortem S.p.A., Eaton Corp Plc, Emerson Electric Co, Rockwell Automation Inc, Siemens AG, and Pepperl+Fuchs SE , among others.
- 2022: ABB Ltd (India) has launched flameproof low voltage motors for applications in potentially explosive environments. The flameproof low voltage motors offer considerable benefits including low vibration levels with increased reliability for an extended lifetime and reduced maintenance requirements for a lower cost of ownership.
- 2022: ABB's launched a smaller flameproof motor that offers safety and reliability. The new low voltage IEC (LV) flameproof motors are ideal for use in hazardous and explosive environments, typically found in the chemical, mining, and oil & gas industries.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com