North America Explosion-Proof Equipment Market Forecast to 2030 - Regional Analysis - By Systems, Protection Method, and Industry

List of Tables

The North America explosion-proof equipment market is expected to grow from US$ 2,873.90 million in 2022 to US$ 4,416.93 million by 2030. It is estimated to grow at a CAGR of 5.5% from 2022 to 2030.

Integration with IoT Fuel North America Explosion-Proof Equipment Market

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 smartwear 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.

North America Explosion-Proof Equipment Market Overview

North America consists of several countries, including the US, Canada, and Mexico. In North America, countries such as the US and Canada are known for adopting advanced technologies, high standards of living, and developed infrastructure. High disposable incomes and technological advancements have been propelling the growth of the explosion-proof equipment market as every type of industry, either SMEs or large enterprises, is focusing on deploying explosion-proof equipment in their factories. North America is expected to dominate the explosion-proof equipment market as it has the highest number of manufacturing facilities and oil & gas industries. For instance, according to the American Manufacturing Statistics report of May 2021 published by Propel PLM Inc., there are 292,825 manufacturing factories in the US, and ~12.2 million people were employed in the US manufacturing industry in 2021. Similarly, for the oil & gas industry, a total of 22 companies are producing oil & natural gas in Mexico, with another two projected to join the list in 2020, according to the local oil and gas association-Amexhi. In Canada, 1,334 companies are producing oil & gas; in the US, there are ~9,000 independent oil & natural gas producers. Thus, with the growth of manufacturing and oil & gas industries in the region, the need to employ a greater number of workers and maintain their safety as well as for the operators present in the factories is also increasing. Hence, there is an increased demand for explosion-proof equipment in these hazardous areas. Therefore, several industries (including oil & gas and manufacturing) are implementing explosion-proof equipment to maintain the safety of the operators as well as workers. Further, in North America, equipment for use in hazardous locations is required to have the recognized mark of an accredited certification body. For hazardous location equipment, the main recognized, accredited certification bodies include Underwriters Laboratories (UL), Occupational Safety and Health Administration (OSHA), Factory Mutual-FM3610, and National Fire Protection Association (NFPA), among others. Each of these agencies will have a mark indicating compliance with USA Standards (QPSus), Canadian Standards (cQPS), or both (cQPSus). Hence, the rise in the number of oil & gas and manufacturing industries and the focus of regulatory bodies on implementing explosion-proof equipment in these industries are contributing to the growth of the explosion-proof equipment market in the region. Moreover, there is a wide presence of popular explosion-proof equipment market players in North America. A few of the manufacturers of explosion-proof equipment are Emerson Electric Co.; Hubbell Incorporated; and Rockwell Automation, Inc.

North America Explosion-Proof Equipment Market Revenue and Forecast to 2030 (US$ Million)

North America Explosion-Proof Equipment Market Segmentation

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

Based on systems, the North America 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 North America explosion-proof equipment market in 2022.

In terms of protection method, the North America 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 North America explosion-proof equipment market in 2022.

Based on industry, the North America explosion-proof equipment market is segmented into pharmaceutical, mining, oil & gas, manufacturing, food processing, energy & power, chemical & petrochemical, and others. The energy & power segment held the largest share of the North America explosion-proof equipment market in 2022.

By country, the North America explosion-proof equipment market is segmented into the US, Canada, and Mexico. The US dominated the North America 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, and MoistTech Corp are some of the leading companies operating in the North America explosion-proof equipment market.

Product Code: TIPRE00028745

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. North America Explosion-Proof Equipment Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain:

5. North America 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 - North America Market Analysis

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

7. North America 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. North America 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. North America 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. North America Explosion-Proof Equipment Market - Country Analysis

10.1 North America
- 10.1.1 North America Explosion-Proof Equipment Market Overview
- 10.1.2 North America Explosion-Proof Equipment Market, By Key Country - Revenue 2022 (US$ Mn)
- 10.1.3 North America Explosion-Proof Equipment Market Revenue and Forecasts and Analysis - By Countries
  - 10.1.3.1 US Explosion-Proof Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.1.1 US Explosion-Proof Equipment Market Breakdown by Systems
    - 10.1.3.1.2 US Explosion-Proof Equipment Market Breakdown by Protection Method
    - 10.1.3.1.3 US Explosion-Proof Equipment Market Breakdown by Industry
  - 10.1.3.2 Canada Explosion-Proof Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.2.1 Canada Explosion-Proof Equipment Market Breakdown by Systems
    - 10.1.3.2.2 Canada Explosion-Proof Equipment Market Breakdown by Protection Method
    - 10.1.3.2.3 Canada Explosion-Proof Equipment Market Breakdown by Industry
  - 10.1.3.3 Mexico Explosion-Proof Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.3.3.1 Mexico Explosion-Proof Equipment Market Breakdown by Systems
    - 10.1.3.3.2 Mexico Explosion-Proof Equipment Market Breakdown by Protection Method
    - 10.1.3.3.3 Mexico 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