PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1355654

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1355654

Global Intrinsically Safe Equipment Market Size study & Forecast, by Zone, Class, Product, End User, and Regional Analysis, 2023-2030

PUBLISHED: September 10, 2023

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Global Intrinsically Safe Equipment Market is anticipated to grow with a growth rate of more than 7.37% over the forecast period 2023-2030.

Intrinsically safe equipment refers to equipment and wiring that cannot release enough electrical or thermal energy, even under abnormal conditions, to ignite a hazardous air combination at its most easily ignitable concentration. This is achieved by restricting the power available to electrical equipment in the hazardous area to a level that prevents the gases from igniting. The market growth is driven by key factors such as increasing usage in all the hazardous zone and a growing number of causalities and explosions in the industries

According to Statista, In the United States, the number of work-related fatalities in 2021 was 19, lower compared to the previous year. The incidence of fatal injuries in the construction industry dramatically rose during the previous ten years, reaching a peak in 2020. In 2011, there were 781 fatalities in various businesses by 2020, there were 1 034 fatalities. The construction industry of Japan saw around 290 fatal industrial accidents in 2021, followed by the manufacturing sector with 137 fatalities. There were 867 occurrences of work-related deaths in total throughout 2021. Moreover, rising on safety and security and an increasing number of government regulations create lucrative opportunities in the forecast years. However, varying Safety Regulations Across Different Regions and cost and Design Complexity stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Intrinsically Safe Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The government laws and widespread worries about workplace safety and security in North America have led to a market dominance for fundamentally safe equipment. Sensors, LED lights, transmitters, switches, and detectors. The market for intrinsically safe equipment will develop in the area during the forecast period due to the increasing focus on safety and cost benefits. Due to the region's increasing urbanization and industrialization, the market for intrinsically safe equipment is expected to expand significantly in Asia-Pacific.

Major market player included in this report are:

CorDEX Instruments Ltd.
Pepperl + Fuchs
Fluke Corporation
OMEGA Engineering (Spectris PLC)
R. Stahl AG
RAE Systems (Honeywell)
Eaton Corporation
Bayco Products, Inc.
Kyland Technology Co., Ltd.
Banner Engineering Corp

Recent Developments in the Market:

In October 2020, with its new Quality Inspection SensorApp and InspectorP62x all-in-one vision sensor, SICK has provided a simple solution for a range of quality assurance applications in industrial automation. The SensorApp is already pre-installed in the whole InspectorP6xx line of 2D vision sensors from SICK, offering flexibility for a range of application requirements.

Global Intrinsically Safe Equipment Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Zone, Class, Product, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Zone:

Zone 0
Zone 20
Zone 1
Zone 21
Zone 2
Zone 22

By Class:

Class 1
Class 2
Class 3

By Product:

Sensors
Detectors
Switches
Transmitters
Isolators
LED Indicators
Others Products

By End User:

Oil and Gas
Mining
Power
Chemical and Petrochemical
Processing
Other End Users

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Intrinsically Safe Equipment Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Intrinsically Safe Equipment Market, by Zone, 2020-2030 (USD Billion)
- 1.2.3. Intrinsically Safe Equipment Market, by Class, 2020-2030 (USD Billion)
- 1.2.4. Intrinsically Safe Equipment Market, by Products, 2020-2030 (USD Billion)
- 1.2.5. Intrinsically Safe Equipment Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Intrinsically Safe Equipment Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Intrinsically Safe Equipment Market Dynamics

3.1. Intrinsically Safe Equipment Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing usage in all the hazardous zones
  - 3.1.1.2. Growing number of causalities and explosions in the industries
- 3.1.2. Market Challenges
  - 3.1.2.1. Varying Safety Regulations Across Different Regions
  - 3.1.2.2. Cost and Design Complexity
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising concerns on safety and security
  - 3.1.3.2. Increasing number of government regulations

Chapter 4. Global Intrinsically Safe Equipment Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Intrinsically Safe Equipment Market, by Zone

5.1. Market Snapshot
5.2. Global Intrinsically Safe Equipment Market by Zone, Performance - Potential Analysis
5.3. Global Intrinsically Safe Equipment Market Estimates & Forecasts by Zone 2020-2030 (USD Billion)
5.4. Intrinsically Safe Equipment Market, Sub Segment Analysis
- 5.4.1. Zone 0
- 5.4.2. Zone 20
- 5.4.3. Zone 1
- 5.4.4. Zone 21
- 5.4.5. Zone 2
- 5.4.6. Zone 22

Chapter 6. Global Intrinsically Safe Equipment Market, by Class

6.1. Market Snapshot
6.2. Global Intrinsically Safe Equipment Market by Class, Performance - Potential Analysis
6.3. Global Intrinsically Safe Equipment Market Estimates & Forecasts by Class 2020-2030 (USD Billion)
6.4. Intrinsically Safe Equipment Market, Sub Segment Analysis
- 6.4.1. Class 1
- 6.4.2. Class 2
- 6.4.3. Class 3

Chapter 7. Global Intrinsically Safe Equipment Market, by Products

7.1. Market Snapshot
7.2. Global Intrinsically Safe Equipment Market by Products, Performance - Potential Analysis
7.3. Global Intrinsically Safe Equipment Market Estimates & Forecasts by Products 2020-2030 (USD Billion)
7.4. Intrinsically Safe Equipment Market, Sub Segment Analysis
- 7.4.1. Sensors
- 7.4.2. Detectors
- 7.4.3. Switches
- 7.4.4. Transmitters
- 7.4.5. Isolators
- 7.4.6. LED Indicators
- 7.4.7. Others Products

Chapter 8. Global Intrinsically Safe Equipment Market, by End User

8.1. Market Snapshot
8.2. Global Intrinsically Safe Equipment Market by End User, Performance - Potential Analysis
8.3. Global Intrinsically Safe Equipment Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
8.4. Intrinsically Safe Equipment Market, Sub Segment Analysis
- 8.4.1. Oil and Gas
- 8.4.2. Mining
- 8.4.3. Power
- 8.4.4. Chemical and Petrochemical
- 8.4.5. Processing
- 8.4.6. Other End Users

Chapter 9. Global Intrinsically Safe Equipment Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Intrinsically Safe Equipment Market, Regional Market Snapshot
9.4. North America Intrinsically Safe Equipment Market
- 9.4.1. U.S. Intrinsically Safe Equipment Market
  - 9.4.1.1. Zone breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Class breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Products breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Intrinsically Safe Equipment Market
9.5. Europe Intrinsically Safe Equipment Market Snapshot
- 9.5.1. U.K. Intrinsically Safe Equipment Market
- 9.5.2. Germany Intrinsically Safe Equipment Market
- 9.5.3. France Intrinsically Safe Equipment Market
- 9.5.4. Spain Intrinsically Safe Equipment Market
- 9.5.5. Italy Intrinsically Safe Equipment Market
- 9.5.6. Rest of Europe Intrinsically Safe Equipment Market
9.6. Asia-Pacific Intrinsically Safe Equipment Market Snapshot
- 9.6.1. China Intrinsically Safe Equipment Market
- 9.6.2. India Intrinsically Safe Equipment Market
- 9.6.3. Japan Intrinsically Safe Equipment Market
- 9.6.4. Australia Intrinsically Safe Equipment Market
- 9.6.5. South Korea Intrinsically Safe Equipment Market
- 9.6.6. Rest of Asia Pacific Intrinsically Safe Equipment Market
9.7. Latin America Intrinsically Safe Equipment Market Snapshot
- 9.7.1. Brazil Intrinsically Safe Equipment Market
- 9.7.2. Mexico Intrinsically Safe Equipment Market
9.8. Middle East & Africa Intrinsically Safe Equipment Market
- 9.8.1. Saudi Arabia Intrinsically Safe Equipment Market
- 9.8.2. South Africa Intrinsically Safe Equipment Market
- 9.8.3. Rest of Middle East & Africa Intrinsically Safe Equipment Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. CorDEX Instruments Ltd.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Pepperl + Fuchs
- 10.3.3. Fluke Corporation
- 10.3.4. OMEGA Engineering (Spectris PLC)
- 10.3.5. R. Stahl AG
- 10.3.6. RAE Systems (Honeywell)
- 10.3.7. Eaton Corporation
- 10.3.8. Bayco Products, Inc.
- 10.3.9. Kyland Technology Co., Ltd.
- 10.3.10. Banner Engineering Corp.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Intrinsically Safe Equipment Market, report scope
TABLE 2. Global Intrinsically Safe Equipment Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Intrinsically Safe Equipment Market estimates & forecasts by Zone 2020-2030 (USD Billion)
TABLE 4. Global Intrinsically Safe Equipment Market estimates & forecasts by Class 2020-2030 (USD Billion)
TABLE 5. Global Intrinsically Safe Equipment Market estimates & forecasts by Products 2020-2030 (USD Billion)
TABLE 6. Global Intrinsically Safe Equipment Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 7. Global Intrinsically Safe Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Intrinsically Safe Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Intrinsically Safe Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Intrinsically Safe Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Intrinsically Safe Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Intrinsically Safe Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Intrinsically Safe Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Intrinsically Safe Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Intrinsically Safe Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Intrinsically Safe Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Intrinsically Safe Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Intrinsically Safe Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Intrinsically Safe Equipment Market
TABLE 72. List of primary sources, used in the study of global Intrinsically Safe Equipment Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Intrinsically Safe Equipment Market, research methodology
FIG 2. Global Intrinsically Safe Equipment Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Intrinsically Safe Equipment Market, key trends 2022
FIG 5. Global Intrinsically Safe Equipment Market, growth prospects 2023-2030
FIG 6. Global Intrinsically Safe Equipment Market, porters 5 force model
FIG 7. Global Intrinsically Safe Equipment Market, pest analysis
FIG 8. Global Intrinsically Safe Equipment Market, value chain analysis
FIG 9. Global Intrinsically Safe Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Intrinsically Safe Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Intrinsically Safe Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Intrinsically Safe Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Intrinsically Safe Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Intrinsically Safe Equipment Market, regional snapshot 2020 & 2030
FIG 15. North America Intrinsically Safe Equipment Market 2020 & 2030 (USD Billion)
FIG 16. Europe Intrinsically Safe Equipment Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Intrinsically Safe Equipment Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Intrinsically Safe Equipment Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Intrinsically Safe Equipment Market 2020 & 2030 (USD Billion)