South America 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 Other

South America 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 SAM is expected to grow from US$ 175.46 million in 2021 to US$ 239.62 million by 2028. It is estimated to grow at a CAGR of 4.6% from 2021 to 2028.

Over the period, Io T has emerged as the most popular trend, nearly being associated with every technology. Whether it is manufacturing or other industries, Io T is linked to everything. The biggest problem with the construction, manufacturing, and agriculture industries is that they tend to have the highest incident/accident rates. Besides having enormous risks for workers working in hazardous locations, accidents at factories cost millions of dollars in medical expenses, damaged goods, and high insurance premiums every year for operators and workers. Multiple interconnected machines and devices work in harmony, and a minor lapse in judgment can lead to deadly outcomes. Therefore, many businesses are now creating Io T-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 risk.

Io T systems offer multiple benefits for businesses, including improving equipment use, reducing incidents due to damaged machinery, and monitoring toxic substances. Firstly, Io T 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, Io T detects damaged machinery with the use of implanted sensors.

Sensors help monitor and detect physical parameters of any machinery, including voltage, temperature, and humidity in actual time. Similarly, working in the manufacturing & construction industry leads to the production of toxic substances. Long-term exposure to toxic substances could affect workers' health. Wearing Io T-enabled smart-wear 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 activities. Therefore, with the evolution of Industry 4.0, the Io T used in factories is increasingly being able to provide safety to workers and operators. Thus, with the collaboration with Io T, the demand for the SAM explosion proof equipment market is expected to increase during the forecast period.

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

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

SAM Explosion Proof Equipment Market Segmentation

SAM Explosion Proof Equipment Market - By System

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

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

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

Brazil Argentina Rest of SAMSAM Explosion Proof Equipment Market - Companies Mentioned

ABB Ltd BARTEC Group Eaton Corporation plc Emerson Electric Co. Hubbell Incorporated Rockwell Automation, Inc. Siemens AG

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