Global Explosion Proof Packaging Market Size, Share - Industry Trends and Forecast 2016 - 2024
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Latest Research Report Explosion Proof Packaging Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 -
2024 provides information on pricing, market analysis, shares,
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Explosion proof enclosure or
explosion proof packaging is an isolation provided to the equipment
in order to prevent contact of fire inside with the external
explosive environment. The hazardous and explosive environments are
very common in manufacturing industries. The packaging can be made of
metallic material or nonmetallic materials such as plastic, etc. To
minimize the risk of explosion or fire, the explosion proof packaging
is critical for the electrical instruments. The packaging are
characterized to have properties such as anti-corrosion, ability to
withstand high pressure, exposure to chemicals, and other extreme
conditions. They are generally used to cover automation and
electrical equipments/systems in the industries. Most of the
manufacturing industries give rise to flammable and hazardous
environment are which include chemical, pharmaceuticals, food &
beverages, oil & gas, petrochemical, wastewater treatment
industry use explosion proof packaging. Chemical, pharmaceutical, oil
& gas, power generation, and petrochemical are the prominent end
users. To avoid risk of explosion and ensure safety various laws and
directives are developed in most of the countries. The organizations
such as NEMA (National Environmental Management Authority) in US, and
IEC (International Electro technical Commission) are responsible for
the packaging standards.
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Global Explosion Proof
Packaging Market Dynamics
The global explosion proof
packaging market is expected to be driven by the growing concerns and
governmental regulation for safety in end use industries. The
manufacturers in Europe are directed to follow the directive 94/9/EC
while installing and commissioning mechanical and electrical systems
in the hazardous environment. Similarly in US, the directives by NEC
(National Environmental Commission) is followed. In rest of world,
the compliance of the installation and commissioning of electrical
systems is based on IEC (International Electro technical Commission).
The trend towards minimizing the human efforts in each end use
industry through automation is driving the demand and can be
considered as one of the prominent driving factor for the global
market. Growing global industrialization is also one of the driving
factor for global explosion proof packaging market. The growing
output of the end user industries is linked with the more need for
safety provisions in the industries. The higher cost related to the
packaging material is a major restraint for the market.
Global Explosion Proof
Packaging Market Segmentation
The global explosion proof
packaging market is segmented on the basis of product type and end
use industry.
On the basis of product type
the global explosion proof packaging market is segmented as
Metallic explosion proof
packaging
Nonmetallic explosion proof
packaging
Among these segments, the
metallic explosion proof packaging segment accounts for maximum share
in the global market. Nonmetallic explosion proof packaging mainly
includes plastic enclosures.
By application, the global
explosion proof packaging market is classified as
Chemical
Oil & gas
Pharmaceuticals
Power generation
Petrochemical
Others
The others segment includes
food & beverage industry, waste water treatment industries, etc.
The waste water included in others segment is anticipated to be the
fastest growing segment in the global market.
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Global Explosion Proof
Packaging Market: Regional Outlook
Based on geography, the global
explosion proof packaging market can be segmented as North America,
Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding
Japan, Middle East and Africa, and Japan. Asia Pacific and Middle
East & Africa markets are expected to be the fastest growing
market for explosion proof packaging due to the high industrial
growth in these regions in near future. North America and Western
Europe are the most prominent market in the global explosion proof
packaging market.
Global Explosion Proof
Packaging Market Players
The global explosion proof
packaging market is mostly fragmented with number of players existing
in the market. Some of the key players are Adalet, R. Stahl, Inc.,
BARTEC GmbH, Eaton, Pentair Equipment Protection.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a source of
reliable data on:
Market segments and
sub-segments
Market trends and dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder
analysis
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The regional analysis
covers:
North America (U.S. and
Canada)
Latin America (Mexico,
Brazil, Peru, Chile, and others)
Western Europe (Germany,
U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands,
Luxembourg)
Eastern Europe (Poland,
Russia)
Asia Pacific (China, India,
Japan, ASEAN, Australia and New Zealand)
Middle East and Africa
(GCC, Southern Africa, North Africa)
The report has been compiled
through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which
entails reputable paid sources, trade journals, and industry body
databases). The report also features a complete qualitative and
quantitative assessment by analyzing data gathered from industry
analysts and market participants across key points in the industry’s
value chain.
A separate analysis of
prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the
purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop
analysis, which includes an assessment of the parent market
Important changes in market
dynamics
Market segmentation up to
the second or third level
Historical, current, and
projected size of the market from the standpoint of both value and
volume
Reporting and evaluation of
recent industry developments
Market shares and
strategies of key players
Emerging niche segments and
regional markets
An objective assessment of
the trajectory of the market
Recommendations to
companies for strengthening their foothold in the market
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