Europe Explosion Proof Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By System (Junction Boxes & Enclosures, Lighting System, Monitoring System, Signaling Devices, Automation System, Cable Glands, HVAC Systems, and Others), Pro

Europe Explosion Proof Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By System (Junction Boxes & Enclosures, Lighting System, Monitoring System, Signaling Devices, Automation System, Cable Glands, HVAC Systems, and Others), Protection Method (Explosion Prevention, Explosion Containment, and Explosion Segregation), and Industry (Pharmaceutical, Mining, Oil & Gas, Manufacturing, Food Processing, Energy & Power, Chemical & Petrochemical, and Others)      

The explosion proof equipment market in Europe is expected to grow from US$ 2,960.34 million in 2021 to US$ 4,266.01 million by 2028. It is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

LED lighting solutions are flourishing all across the world. During the initial stages of LED lights, LED solutions were quite costly. Over the years, manufacturers have developed innovative and cost-effective technologies to lower the price of LED solutions. One of the significant factors is energy-efficient regulations and awareness among the end users, and government regulation restricting certain energy sources, resulting in additional demand for energy-efficient products. The market is going through a strong evolution from traditional lighting technology systems to connected lighting systems based on user requirements. These trends and the shift in the market toward innovative technologies are reinforcing the LED market growth and bringing more opportunities for players.

LED solutions are energy-efficient and are a low-maintenance alternative to fluorescent lighting. The rise in demand for LED lights for better and more efficient lighting systems and increasing awareness for improving energy efficiency in several applications, such as factories, warehouses, supermarkets, gyms, lecture halls, car parks, and retail stores, are driving this regional market.

Also, it is important for any factory that operates in hazardous environments to use explosion proof lighting. These harsh and unsafe environments generally contain explosive gases and vapors, which increase the risks of explosions. Explosion-proof lighting is designed to be used in places where explosive and flammable gases, such as hydrogen, methane, propane, and other hydrocarbons, are present. Working in confined spaces or areas exposed to such environments can be dangerous. Hence, this type of lighting is essential for such locations for the safety of workers and operators. For instance, in June 2021, MINEGLOW launched the world's first IECEx certified explosive proof LED strip lights for locations, such as mining sites, where fire or explosion hazards exist due to flammable gases or explosive substances, including vapors, mists, or dust. The x-Glo IECEx range is purposely built to provide high-level protection by encapsulating electrical ignitions inside the light. This lighting protects workers from the risk of accidental ignitions of flammable or explosive materials. Therefore, with the increasing use of explosion-proof LED lights in hazardous industries, this regional market is reporting a high rise.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe explosion proof equipment market at a significant CAGR during the forecast period.

Europe Explosion Proof Equipment Market Revenue and Forecast to 2028 (US$ Million)

Europe Explosion Proof Equipment Market Segmentation

Europe Explosion Proof Equipment Market - By System

Junction Boxes & Enclosures Lighting System Monitoring System Signaling Devices Automation System Cable Glands HVAC Systems Others Europe Explosion Proof Equipment Market - By Protection Method

Explosion Prevention Explosion Containment Explosion Segregation Europe Explosion Proof Equipment Market - By Industry

Pharmaceutical Mining Oil & Gas Manufacturing Food Processing Energy & Power Chemical & Petrochemical Others Europe Explosion Proof Equipment Market, by Country

France Germany Italy UK Russia Rest of Europe Europe Explosion Proof Equipment Market - Companies Mentioned

ABB Ltd BARTEC Group Cortem S.p.A. Eaton Corporation plc Emerson Electric Co. Extronics Ltd Hubbell Incorporated R. STAHL AG Rockwell Automation, Inc. Siemens AG

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