Middle East and Africa 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 the Middle East and Africa (MEA) is expected to grow from US$ 115.03 million in 2021 to US$ 178.52 million by 2028. It is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
The construction sector in the MEA has been witnessing a decent growth rate in recent times. The trend is foreseen to continue over the years, creating a massive space for commercial, residential, and industrial constructions. Governments of various countries are undertaking initiatives with a motive to support the construction industry. The surge in the construction of commercial and residential buildings is anticipated to provide profitable opportunities to the regional market during the forecast period.
Commercial and residential housing constructions have mushroomed across the region, and the trend is expected to continue over the next few years, boosting the growth of residential and commercial buildings in the country. Thus, with an increase in commercial and residential housing constructions and several government initiatives influencing these activities, the demand for explosion-proof equipment is augmenting significantly.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA explosion proof equipment market at an attractive CAGR during the forecast period.
MEA Explosion Proof Equipment Market Revenue and Forecast to 2028 (US$ Million)
MEA Explosion Proof Equipment Market Segmentation
MEA Explosion Proof Equipment Market - By System
Junction Boxes & Enclosures Lighting System Monitoring System Signaling Devices Automation System Cable Glands HVAC Systems Others MEA Explosion Proof Equipment Market - By Protection Method
Explosion Prevention Explosion Containment Explosion Segregation MEA Explosion Proof Equipment Market - By Industry
Pharmaceutical Mining Oil & Gas Manufacturing Food Processing Energy & Power Chemical & Petrochemical Others MEA Explosion Proof Equipment Market, by Country
Saudi Arabia South Africa UAE Rest of MEAMEA Explosion Proof Equipment Market - Companies Mentioned
ABB Ltd BARTEC Group Eaton Corporation plc Emerson Electric Co. Hubbell Incorporated R. STAHL AG Rockwell Automation, Inc. Siemens AG
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