The report “Explosion Proof Equipment in Automation and Control Systems Market - by Type (Control Panels, Enclosures, Lighting, VFD, Material Handling Systems); by End user industry (Oil & Gas, Mining, Food Processing, Pharmaceuticals) – Global Forecast to 2020″, defines and segments the global explosion proof equipment in automation and control systems market with an analysis and forecast of the market size.
Browse Market Data Tables and Figures spread through 180 pages and in-depth TOC on “Explosion Proof Equipment in Automation and Control Systems Market - by Type (Control Panels, Enclosures, Lighting, VFD, Material Handling Systems); by End user industry (Oil & Gas, Mining, Food Processing, Pharmaceuticals) – Global Forecast to 2020”
Explosions in a manufacturing plant can cause disastrous effects, sometimes even leading to loss of human lives apart from damage of the machinery. There are many sources of explosion such as leakage of gases or vapors, dust, pressure expansion, and so on. To prevent it, several types of protection measures are adopted when designing products for chemical, electrical, mechanical or nuclear use. Such products are termed as explosion proof (Ex) equipment. The equipment does not withstand any explosion; instead prevent internal spark or explosion which may lead to large blast.
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According to a recent study from IndustryARC, Explosion Proof Equipment in Automation and Control Systems Market value was nearly equal to $730m in 2014, where the component type explosion proof equipment account for more than 85% market share. In component types, control stations market is the dominant market led by Junction boxes and LED Lighting. In these industries, the adoption of automation and control systems is on the rise and is creating market for the explosion proof equipment. Increasing manufacturing plants globally is aiding the market growth. The LED lighting and assembly segment is estimated to exhibit healthy growth in the period of 2015-2020 and is seen as a potential high growth segment. In 2015, most of the products launched revolved around LED Light equipment. Bartec group and Larsen Electronics have launched products during this period. Moreover, Bartec Group acquired TOP group to utilize TOP Group’s LED lighting capabilities in hazardous areas to develop innovative products for explosion proof market.
Europe region is currently the biggest market with nearly $306m revenue in 2014, but is estimated to grow at the lowest CAGR of 6.6% from 2014 to 2020. However, South American market is poised to grow at 10% CAGR while APAC market is forecast to grow at 8.4% through 2020 respectively. Europe and North America are the major regions in the Explosion Proof Equipment market. This market is fast growing in emerging economies of the world such as BRIC countries due to growing economic conditions.
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The major players in this market include Cooper Crouse-Hinds (U.S), RStahl Inc. (Germany), Pepperl + Fuchs (Germany), Emerson Electric (U.S) and Hubbell Inc. (U.S). Explosion Proof equipment manufacturers have utilized mergers and acquisitions as well as product launches to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in high growth markets.
However, the emerging regulations in the market are to an extent hindering the growth. The amendments in the standards by the safety organizations influencing the designing and installation processes are affecting the production and installation costs. The latest example include new ATEX directive (2014/34/EU) that needs to be implemented from April 20, 2016, immediately replacing the current ATEX directive (94/9/EC) without a transition period. The new directive will be applicable to the equipment that were manufactured outside European Union and subsequently imported into European market after July 1, 2003, whether as new or used one. Moreover, the directive also aims at introducing EU-type examination as opposed to the previous EC-type examination certificates with new administrative requirements for CE marking, markings and declarations in order to improve traceability. Whenever there are such changes in the regulations, the products are affected in either of these ways: products don’t require any change or product is affected slightly by the changes which requires a test to be conducted based on the new design features or the product is affected substantially. With each new regulation there is a whole new procedure to be followed for obtaining certifications and adhering to them. Thus, this is creating adverse impact for explosion proof equipment growth.
The Global Explosion Proof Equipment Market in Automation & Control Systems Report provides detailed analysis of the different type of equipment based on type of protection and type of the component. The automation and control systems are mainly protected by two kinds of equipment from explosions in hazardous areas: explosion proof enclosures and the energy limitation and isolation systems. By component, the report is classified into Control Stations, Actuating elements, Control Panels, Material Handling Systems and others. Furthermore, the explosion proof equipment market study across various industries such as manufacturing, oil and gas production and refining, mining, marine industry, pharmaceuticals, food processing, HVAC and others is incorporated in the report. The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
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