Global Intrinsically Safe Equipment Market Size study & Forecast, by Zone (Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, Zone 22), Class (Class 1, Class 2, Class 3), Product (Sensors, Detectors, Switches, Transmitters, Insulators, LED Indicators), End User (O

Global Intrinsically Safe Equipment Market Size study & Forecast, by Zone (Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, Zone 22), Class (Class 1, Class 2, Class 3), Product (Sensors, Detectors, Switches, Transmitters, Insulators, LED Indicators), End User (Oil and Gas, Mining, Power, Chemical and Petrochemical, Processing), and Regional Analysis, 2023-2030

Global Intrinsically Safe Equipment Market is valued approximately at USD XX billion in 2022 and 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


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

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Companies Mentioned
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

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.