Asia Pacific 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)

TIPRE00028766 | Pages: 191 | Electronics and Semiconductor | Mar 2024 | Type: Regional | Status: Published

The Asia Pacific explosion-proof equipment market is expected to grow from US$ 2,779.29 million in 2022 to US$ 5,142.29 million by 2030. It is estimated to grow at a CAGR of 8.0% from 2022 to 2030.

Growing Industrial Safety Measures Fuel Asia Pacific Explosion-Proof Equipment Market

With the growing number of incidents/accidents in industries such as oil & gas and mining, the focus on industrial safety measures has also increased worldwide. In 2023, a new expert group assigned to examine safety procedures in the petroleum and natural gas sector requesting opinions from a few stakeholders, as per the Petroleum and Natural Gas Regulatory Board (India). To reduce fire risk, businesses deploy fixtures with consent ratings of Class 1 Division 1 (C1D1) and Class 1 Division 2 (C1D2) inside the facility. Further, fixtures that are designed for oil refineries come with advanced features such as water tightness and corrosion resistance, as they are frequently exposed to abrasive cleaning solutions. The constant exposure to corrosive agents and water may result in the failure of the lights. This can lead to a considerable safety hazard, specifically for workers. Introducing better equipment may help reduce the number of incidents that take place in factories worldwide. Government policies and increasing explosion-proof equipment in industries are creating a demand for explosion-proof equipment.

Asia Pacific Explosion-Proof Equipment Market Overview

The explosion-proof equipment market in APAC is segmented into India, Japan, Australia, South Korea, China, and the Rest of APAC. The demand for explosion-proof equipment is growing in the region due to rising projects in the oil & gas sector. For instance, as per the article published in NS Energy, India is expected to observe the operational commencement of 647 oil & gas projects between 2021 and 2025 as part of the government plan to create a gas-based economy. Similarly, according to Sinopec, the national oil company, the natural gas demand in China reached 395 bcm in 2022, an increase of 7% from an estimated 370 bcm in 2021. Further, China comprises 8 new LNG terminal projects and two expansion projects, which took the country's total LNG receiving capacity to over 127 million MT/year in 2022, up from 105.8 million MT/year at the end of 2021, according to the National Energy Administration data. The oil & gas industry often requires workers to operate in hazardous locations, including areas where flammable liquids, gas vapors, or combustible dust exist in sufficient quantities, safety is the priority for workers as well as for the operators. Thus, to combat the high potential for ignition, explosion-proof equipment manufacturers produce and rigorously test explosion-proof assets. Further, with the evolution of Industry 4.0 in APAC, the oil & gas industry has benefitted in terms of technological enhancements. Automating the oil rigs and smart exploration have been widely observed. Also, companies are significantly adopting technologies such as IoT, AI, advanced analytics, and robotics to enhance operational efficiencies, cut costs, and optimize manual processes. Thus, the growth in Industry 4.0 has positively transformed the oil & gas industry and also helped in the implementation of explosion-proof equipment in the region. For instance, in January 2022, ABB India launched flameproof low-voltage motors for applications in potentially explosive environments such as the oil & gas industry. 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. Therefore, the evolution of Industry 4.0 is supporting the growth of the explosion-proof equipment market in the region.

Asia Pacific Explosion-Proof Equipment Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Explosion-Proof Equipment Market Segmentation

The Asia Pacific explosion-proof equipment market is segmented into systems, protection method, industry, and country.

Based on systems, the Asia Pacific 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 held the largest share of the Asia Pacific explosion-proof equipment market in 2022.

In terms of protection method, the Asia Pacific explosion-proof equipment market is categorized into large explosion prevention, explosion containment, and explosion segregation. The explosion prevention segment held the largest share of the Asia Pacific explosion-proof equipment market in 2022.

Based on industry, the Asia Pacific 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 the largest share of the Asia Pacific explosion-proof equipment market in 2022.

By country, the Asia Pacific explosion-proof equipment market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific explosion-proof equipment market in 2022.

ABB Ltd, Cortem S.p.A., Eaton Corp Plc, Emerson Electric Co, Rockwell Automation Inc, Siemens AG, Pepperl+Fuchs SE, MoistTech Corp LAB Denmark ApS, and FABRIKA AS are some of the leading companies operating in the Asia Pacific explosion-proof equipment market. 

Table of Content

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Asia Pacific Explosion-Proof Equipment Market Landscape

4.1 Overview

4.2 Ecosystem Analysis

4.2.1 List of Vendors in the Value Chain:

5. Asia Pacific Explosion-Proof Equipment Market - Key Industry Dynamics

5.1 Drivers

5.1.1 Growth in Oil & Gas Industry

5.1.2 Increasing use of Explosion Proof LED Lights

5.1.3 Growing Industrial Safety Measures

5.2 Restraints:

5.2.1 Complexities Involved in Installation and Maintenance of Explosion-Proof Equipment

5.3 Opportunity:

5.3.1 Growth in the Construction Sector

5.4 Trends:

5.4.1 Integration with IoT

6. Explosion-Proof Equipment Market - Asia Pacific Market Analysis

6.1 Explosion-Proof Equipment Market Revenue (US$ Million), 2022 - 2030

7. Asia Pacific Explosion-Proof Equipment Market Analysis - Systems

7.1 Junction Boxes and Enclosures

7.1.1 Overview

7.1.2 Junction Boxes and Enclosures Market Revenue and Forecasts To 2030 (US$ Million)

7.2 Lighting System

7.2.1 Overview

7.2.2 Lighting System Market Revenue and Forecasts To 2030 (US$ Million)

7.3 Monitoring System

7.3.1 Overview

7.3.2 Monitoring System Market Revenue and Forecasts To 2030 (US$ Million)

7.4 Signaling Devices

7.4.1 Overview

7.4.2 Signaling Devices Market Revenue and Forecasts To 2030 (US$ Million)

7.5 Automation System

7.5.1 Overview

7.5.2 Automation System Market Revenue and Forecasts To 2030 (US$ Million)

7.6 Cable Glands

7.6.1 Overview

7.6.2 Cable Glands Market Revenue and Forecasts To 2030 (US$ Million)

7.7 HVAC Systems

7.7.1 Overview

7.7.2 HVAC Systems Market Revenue and Forecasts To 2030 (US$ Million)

7.8 Others

7.8.1 Overview

7.8.2 Others Market Revenue and Forecasts To 2030 (US$ Million)

8. Asia Pacific Explosion-Proof Equipment Market Analysis - Protection Method

8.1 Explosion Prevention

8.1.1 Overview

8.1.2 Explosion Prevention Market Revenue and Forecasts To 2030 (US$ Million)

8.2 Explosion Containment

8.2.1 Overview

8.2.2 Explosion Containment Market Revenue and Forecasts To 2030 (US$ Million)

8.3 Explosion Segregation

8.3.1 Overview

8.3.2 Explosion Segregation Market Revenue and Forecasts To 2030 (US$ Million)

9. Asia Pacific Explosion-Proof Equipment Market Analysis - Industry

9.1 Pharmaceutical

9.1.1 Overview

9.1.2 Pharmaceutical Market Revenue and Forecasts To 2030 (US$ Million)

9.2 Mining

9.2.1 Overview

9.2.2 Mining Market Revenue and Forecasts To 2030 (US$ Million)

9.3 Oil and Gas

9.3.1 Overview

9.3.2 Oil and Gas Market Revenue and Forecasts To 2030 (US$ Million)

9.4 Manufacturing

9.4.1 Overview

9.4.2 Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)

9.5 Food Processing

9.5.1 Overview

9.5.2 Food Processing Market Revenue and Forecasts To 2030 (US$ Million)

9.6 Energy and Power

9.6.1 Overview

9.6.2 Energy and Power Market Revenue and Forecasts To 2030 (US$ Million)

9.7 Chemical & Petrochemical

9.7.1 Overview

9.7.2 Chemical & Petrochemical Market Revenue and Forecasts To 2030 (US$ Million)

9.8 Others

9.8.1 Overview

9.8.2 Others Market Revenue and Forecasts To 2030 (US$ Million)

10. Asia Pacific Explosion-Proof Equipment Market - Country Analysis

10.1 Asia Pacific Explosion-Proof Equipment Market

10.1.1 Overview

10.1.2 Asia Pacific Explosion-Proof Equipment Market, By Key Country - Revenue 2022 (US$ Million)

10.1.3 Asia Pacific Explosion-Proof Equipment Market Breakdown by Country

10.1.3.1 Explosion-Proof Equipment market Breakdown by Country

10.1.3.2 China Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million)

10.1.3.2.1 China Explosion-Proof Equipment Market Breakdown by Systems

10.1.3.2.2 China Explosion-Proof Equipment Market Breakdown by Protection Method

10.1.3.2.3 China Explosion-Proof Equipment Market Breakdown by Industry

10.1.3.3 Japan Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million)

10.1.3.3.1 Japan Explosion-Proof Equipment Market Breakdown by Systems

10.1.3.3.2 Japan Explosion-Proof Equipment Market Breakdown by Protection Method

10.1.3.3.3 Japan Explosion-Proof Equipment Market Breakdown by Industry

10.1.3.4 India Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million)

10.1.3.4.1 India Explosion-Proof Equipment Market Breakdown by Systems

10.1.3.4.2 India Explosion-Proof Equipment Market Breakdown by Protection Method

10.1.3.4.3 India Explosion-Proof Equipment Market Breakdown by Industry

10.1.3.5 Australia Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million)

10.1.3.5.1 Australia Explosion-Proof Equipment Market Breakdown by Systems

10.1.3.5.2 Australia Explosion-Proof Equipment Market Breakdown by Protection Method

10.1.3.5.3 Australia Explosion-Proof Equipment Market Breakdown by Industry

10.1.3.6 South Korea Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million)

10.1.3.6.1 South Korea Explosion-Proof Equipment Market Breakdown by Systems

10.1.3.6.2 South Korea Explosion-Proof Equipment Market Breakdown by Protection Method

10.1.3.6.3 South Korea Explosion-Proof Equipment Market Breakdown by Industry

10.1.3.7 Rest of Asia Pacific Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million)

10.1.3.7.1 Rest of Asia Pacific Explosion-Proof Equipment Market Breakdown by Systems

10.1.3.7.2 Rest of Asia Pacific Explosion-Proof Equipment Market Breakdown by Protection Method

10.1.3.7.3 Rest of Asia Pacific Explosion-Proof Equipment Market Breakdown by Industry

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Product Development

12. Company Profiles

12.1 ABB Ltd

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Cortem S.p.A.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Eaton Corp Plc

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Emerson Electric Co

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Rockwell Automation Inc

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Siemens AG

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.7 Pepperl+Fuchs SE

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 MoistTech Corp

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 Word Index

 

 

 

List of Tables

Table 1. Explosion-Proof Equipment Market Segmentation

Table 2. Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million) - Systems

Table 3. Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million) - Protection Method

Table 4. Explosion-Proof Equipment Market Revenue and Forecasts To 2030 (US$ Million) - Industry

Table 5. Asia Pacific Explosion-Proof Equipment Market, by Country - Revenue and Forecast to 2030 (USD Million)

Table 6. China Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Systems

Table 7. China Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Protection Method

Table 8. China Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Industry

Table 9. Japan Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Systems

Table 10. Japan Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Protection Method

Table 11. Japan Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Industry

Table 12. India Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Systems

Table 13. India Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Protection Method

Table 14. India Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Industry

Table 15. Australia Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Systems

Table 16. Australia Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Protection Method

Table 17. Australia Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Industry

Table 18. South Korea Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Systems

Table 19. South Korea Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Protection Method

Table 20. South Korea Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Industry

Table 21. Rest of Asia Pacific Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Systems

Table 22. Rest of Asia Pacific Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Protection Method

Table 23. Rest of Asia Pacific Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million) - Industry

Table 24. List of Abbreviation

 

List of Figures

Figure 1. Explosion-Proof Equipment Market Segmentation, By Country

Figure 2. Ecosystem: Explosion-Proof Equipment Market

Figure 3. Explosion-Proof Equipment Market - Key Industry Dynamics

Figure 4. Explosion-Proof Equipment Market Revenue (US$ Million), 2022 - 2030

Figure 5. Explosion-Proof Equipment Market Share (%) - Systems, 2022 and 2030

Figure 6. Junction Boxes and Enclosures Market Revenue and Forecasts To 2030 (US$ Million)

Figure 7. Lighting System Market Revenue and Forecasts To 2030 (US$ Million)

Figure 8. Monitoring System Market Revenue and Forecasts To 2030 (US$ Million)

Figure 9. Signaling Devices Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Automation System Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11. Cable Glands Market Revenue and Forecasts To 2030 (US$ Million)

Figure 12. HVAC Systems Market Revenue and Forecasts To 2030 (US$ Million)

Figure 13. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. Explosion-Proof Equipment Market Share (%) - Protection Method, 2022 and 2030

Figure 15. Explosion Prevention Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. Explosion Containment Market Revenue and Forecasts To 2030 (US$ Million)

Figure 17. Explosion Segregation Market Revenue and Forecasts To 2030 (US$ Million)

Figure 18. Explosion-Proof Equipment Market Share (%) - Industry, 2022 and 2030

Figure 19. Pharmaceutical Market Revenue and Forecasts To 2030 (US$ Million)

Figure 20. Mining Market Revenue and Forecasts To 2030 (US$ Million)

Figure 21. Oil and Gas Market Revenue and Forecasts To 2030 (US$ Million)

Figure 22. Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)

Figure 23. Food Processing Market Revenue and Forecasts To 2030 (US$ Million)

Figure 24. Energy and Power Market Revenue and Forecasts To 2030 (US$ Million)

Figure 25. Chemical & Petrochemical Market Revenue and Forecasts To 2030 (US$ Million)

Figure 26. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 27. Asia Pacific Explosion-Proof Equipment Market, By Key Country - Revenue 2022 (US$ Million)

Figure 28. Asia Pacific Explosion-Proof Equipment Market Breakdown By Key Countries, 2022 And 2030 (%)

Figure 29. China Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million)

Figure 30. Japan Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million)

Figure 31. India Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million)

Figure 32. Australia Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million)

Figure 33. South Korea Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million)

Figure 34. Rest of Asia Pacific Explosion-Proof Equipment Market Revenue And Forecasts To 2030 (US$ Million)

 

1. ABB Ltd 

2. Cortem S.p.A. 

3. Eaton Corp Plc 

4. Emerson Electric Co 

5. Rockwell Automation Inc 

6. Siemens AG 

7. Pepperl+Fuchs SE 

8. MoistTech Corp 

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific explosion-proof equipment market.
  • Highlights key business priorities to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific explosion-proof equipment market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

     

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