Global Electrical Explosion Proof Equipment Market will reach 7655.52 Million USD by the end of 2022 with a CAGR of 3.87%
The global Electrical Explosion Proof Equipment market is valued at 6332.78 Million USD in 2017 and will reach 7655.52 Million USD by the end of 2022, growing at a CAGR of 3.87% during 2017-2022.
Electrical Explosion Proof Equipment is product adopting several types of protection measures to prevent explosions from occurring in hazardous areas such as an unanticipated rise in the energy (chemical, mechanical or nuclear) of the system in an unbridled way accompanied by increase in temperature and release of gases.
Electrical Explosion Proof Equipment can be divided into seven categories: flame-proof type, increased safety type, intrinsic safety type, positive-pressure type, oil-immersed type, sand filled type and other type. Flame-proof type accounted for the highest proportion in production market, with a figure of 31.08% in 2017, followed by increased safety type, account for 21.08% and positive-pressure type account for 15.44%.
The sales market share of global Electrical Explosion Proof Equipment in oil & gas, mining, chemical & material, manufacturing processing and others has been stable year by year, at 30.17%, 21.99%, 14.99%, 17.42% and 15.42% respectively in 2017, and for several consecutive years, the amplitude was within 3 percent. This indicates that the segment of the Electrical Explosion Proof Equipment in the global market tends to be fixed without great changes. Among them, the Electrical Explosion Proof Equipment market has the most promising sales prospects in oil & gas use.
XYZ research center data shows that Europe is the biggest contributor to the Electrical Explosion Proof Equipment revenue market, accounted for 35.07% of the total global market with a revenue of 2221.12 million USD in 2017, followed by North America, 29.49% with a revenue of 1867.37 million USD.
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