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UK Explosion Protection Equipment Market by Industry Vertical (Pharmaceutical, Manufacturing, Marine, Food Processing, Oil & Gas, Mining, and Others), Applicable System (Cable Gland, Junction Box, Lighting System, Lifting & Material Handling System, Automation System, Surveillance & Monitoring System, Signaling System, and Others), and Protection Method (Explosion Prevention, Explosion Containment, and Explosion Segregation): Opportunity Analysis and Industry Forecast, 2019-2026

CM_196112
Pages: 170
Oct 2019 | 280 Views
 
Author(s) : Rohit Sawant, Amar Chinchane , Onkar Sumant
Tables: 44
Charts: 59
 

UK Explosion Protection Equipment Market Outlook - 2026

The UK explosion protection equipment market size was valued at $78.4 million in 2018, and is projected treach $112.5 million by 2026, growing at a CAGR of 4.5% from 2019 t2026. The explosion protection equipment is a heavy protective enclosure, which is manufactured from die cast steel or plastic. It basically prevents the ignition from flammable gas due tspark or flame from faulty equipment within the enclosure.

Flammable gases, vapors, and dust are released during manufacturing, processing, and storage of several materials. The presence of such substances results in a potentially explosive atmosphere that could later cause damage thuman life, equipment, and the overall environment. Therefore, explosion protection equipment is manufactured and utilized during production and processing operations, tprotect human life in the harshest of environments.

Industrial sectors such as pharmaceutical and food & beverage industries are involved in manufacturing and processing flammable powders, gases or vapors that can cause an explosion. There is an increase in the adoption of explosion-protected wiring, cable glands, junction boxes, and others owing trise in need tprevent or contain an explosion. Companies such as Eaton and Adalet offer multiple certified flameproof enclosures, lighting systems, and apparatus that ensure overall explosion prevention in respective environment. Such factors drive the UK explosion protection equipment market growth.

UK Explosion Protection Equipment Market

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In addition, in 2016, the ATEX Regulations 2016 came inteffect, which state the use of explosion proof equipment tprotect the environment against accidental and industrial risks, such as adiabatic compression, open flames, electric sparks, and others. Thus, the stringent government norms drive the explosion protection equipment market for preserving the environment and human life. 

However, the Brexit has introduced uncertainty in the future trade policy of the UK, which resulted in reduction of British international trade from 2016 onwards. The revenue of electric equipment and appliance manufacturers experienced a decline owing tthe pressure from the high level of uncertainty over future of the UK’s trading relationship with the European Union. Therefore, it is estimated that Brexit can restraint the growth of the UK explosion protection equipment market.

UK Explosion Protection Equipment Market
By Industry Vertical

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Food processing is projected as one of the most lucrative segments.

Furthermore, many competitors are offering ATEX certified explosion proof equipment for explosive atmospheres. For instance, Pepperl+Fuchs GmbH offers wireless solutions that detect the occurrence of explosible dust clouds and toxic gases and prevent against harsh environments. 

The aerospace industry in the UK is one of the largest in the world. In 2018, the UK defense orders increased by over 50%. Moreover, the UK alshas a maintenance and repair sector that offers services tthe large number of civil and military aircraft. Furthermore, it is one of the most successful defense exporters in the world, driven by export opportunities in Middle East, and Asia. Therefore, the rise in focus of manufacturers in aerospace & defense industries creates lucrative opportunities for the overall explosion protection equipment market.

UK Explosion Protection Equipment Market
By Applicable system

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Cable glands is expected to grow at a significant rate during the forecast period.

The UK explosion protection equipment market is segmented on the basis of industry vertical, applicable system, and protection method. Based on industrial vertical, the UK explosion protection equipment market is divided intpharmaceutical, manufacturing, marine, food processing, oil & gas, mining, and others. The others includes wood, aerospace, plastic, and paper industry.

The applicable system segment is classified intcable glands, junction boxes, lighting systems, lifting & material handling system, automation system, surveillance & monitoring systems, and signaling systems. The protection methods segment is further divided intexplosion prevention, explosion containment, and explosion segregation.

Competition Analysis

The key players operating in the UK explosion protection equipment market include ABB Group, Adalet, Bartec GmbH, Eaton Corporation Inc., Emerson Electric Co., Extronics Ltd., Pepperl+Fuchs GmbH, R. Stahl Aktiengesellschaft, Rockwell Automation, Inc., and Siemens AG. Many players in the UK explosion protection equipment market adopted product launch as their key developmental strategy tsustain the intense competition and improve their product portfolio. 

For instance, in August 2019, R. STAHL AG, launched explosion-protected Ex d EXpressure enclosure technology. It is a futureproof alternative tconventional enclosure encapsulation. It includes pressure-relief technology, which has wall thicknesses of just 2 mm that helps tsave space requirement and up t50% weight. Similarly, in September 2018, R. STAHL AG, launched 6036 series LED tubular light fittings. It has operating life of up t100,000 hours under extreme conditions and are designed for an exceptionally large temperature range from -55 °C t+70 °C. Certified in accordance with ATEX and IECEx worldwide for Zones 1, 2, 21 and 2.2 in the oil & gas, and chemical industries. 

UK Explosion Protection Equipment Market
By protection method

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Explosion prevention would exhibit the highest CAGR of 5.0% during 2019-2026.

Furthermore, in December 2018, Emerson launched LED version of the field-proven Appleton A-51 lighting fixture. Appleton A-51 LED luminaries are suitable for wet locations, and are compliant with NEC/CEC certifications for Class I, Division 1, Groups A, B, C, D; Class II, Division, Groups F, G; Class III, and Class I, Division 1, Groups C, D; Class II, Division 1, Groups E, F, G; Class III hazardous applications

Key Benefits for UK Explosion Protection Equipment Market:

  • The report provides an extensive analysis of the current and emerging UK explosion protection equipment market trends and dynamics.  
  • In-depth UK explosion protection equipment market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026. 
  • Extensive analysis of the UK explosion protection equipment market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all regions is provided tdetermine the prevailing opportunities.
  • The UK explosion protection equipment market forecast analysis from 2018 to 2026 is included in the report.
  • Key market players in UK explosion protection equipment market are profiled in this report and their strategies are analyzed thoroughly, which help tunderstand the competitive outlook of the UK explosion protection equipment industry. 

UK Explosion Protection Equipment Market Segments:

By Industry Vertical

  • Pharmaceutical
  • Manufacturing 
  • Marine 
  • Food Processing 
  • Oil & Gas 
  • Mining 
  • Others

By Applicable System

  • Cable Gland
  • Junction Boxe
  • Lighting System 
  • Lifting & Material Handling System
  • Automation System
  • Surveillance & Monitoring System
  • Signaling System 
  • Others

By Protection Methods

  • Explosion Prevention 
    • Intrinsic Safety 
  • Explosion Containment 
    • Explosion Proof Enclosure 
  • Explosion Segregation 
    • Purging 
    • Pressurization  
    • Encapsulation 
    • Sealing 
    • Limited-breathing 
    • Oil Immersion 
    • Sand Filling

Key Players

  • ABB Group
  • Adalet
  • Bartec GmbH
  • Eaton Corporation Inc.
  • Emerson Electric Co.
  • Extronics Ltd.
  • Pepperl+Fuchs GmbH
  • R. Stahl Aktiengesellschaft
  • Rockwell Automation, Inc.
  • Siemens AG
 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology

1.4.1.    Primary research
1.4.2.    Secondary research
1.4.3.    Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key findings

3.2.1.    Top investment pockets
3.2.2.    Top winning strategies

3.3.    Porter's five forces analysis
3.4.    Key player positioning, 2018
3.5.    Market dynamics

3.5.1.    Drivers

3.5.1.1.    Rise in food & beverage and pharmaceutical industries
3.5.1.2.    Surge in demand for hazardous location lighting
3.5.1.3.    Stringent government regulations

3.5.2.    Restraints

3.5.2.1.    Slow economic activity after Brexit directly affects the market
3.5.2.2.    Staggering of mining industries in the UK

3.5.3.    Opportunity

3.5.3.1.    High focus on explosion proof equipment for aerospace and defense market

CHAPTER 4:    UK EXPLOSION PROTECTION EQUIPMENT MARKET, BY INDUSTRY VERTICAL

4.1.    Overview

4.1.1.    Market size and forecast, By Industry Vertical

4.2.    Pharmaceutical

4.2.1.    Key market trends, growth factors, and opportunities
4.2.2.    Market size and forecast

4.3.    Manufacturing

4.3.1.    Key market trends, growth factors, and opportunities
4.3.2.    Market size and forecast

4.4.    Marine

4.4.1.    Key market trends, growth factors, and opportunities
4.4.2.    Market size and forecast

4.5.    Food processing

4.5.1.    Key market trends, growth factors, and opportunities
4.5.2.    Market size and forecast

4.6.    Oil & gas

4.6.1.    Key market trends, growth factors, and opportunities
4.6.2.    Market size and forecast

4.7.    Mining

4.7.1.    Key market trends, growth factors, and opportunities
4.7.2.    Market size and forecast

4.8.    Others

4.8.1.    Key market trends, growth factors, and opportunities
4.8.2.    Market size and forecast

CHAPTER 5:    UK EXPLOSION PROTECTION EQUIPMENT MARKET, APPLICABLE SYSTEM

5.1.    Overview

5.1.1.    Market size and forecast, Applicable System

5.2.    Cable glands

5.2.1.    Key market trends, growth factors, and opportunities
5.2.2.    Market size and forecast

5.3.    Junction boxes

5.3.1.    Key market trends, growth factors, and opportunities
5.3.2.    Market size and forecast

5.4.    Lighting systems

5.4.1.    Key market trends, growth factors, and opportunities
5.4.2.    Market size and forecast

5.5.    Lifting and material handling system

5.5.1.    Key market trends, growth factors, and opportunities
5.5.2.    Market size and forecast

5.6.    Automation system

5.6.1.    Key market trends, growth factors, and opportunities
5.6.2.    Market size and forecast

5.7.    Surveillance and monitoring system

5.7.1.    Key market trends, growth factors, and opportunities
5.7.2.    Market size and forecast

5.8.    Signaling system

5.8.1.    Key market trends, growth factors, and opportunities
5.8.2.    Market size and forecast

5.9.    Others

5.9.1.    Key market trends, growth factors, and opportunities
5.9.2.    Market size and forecast

CHAPTER 6:    UK EXPLOSION PROTECTION EQUIPMENT MARKET, BY PROTECTION METHOD

6.1.    Overview

6.1.1.    Market size and forecast, BY protection method

6.2.    Explosion prevention

6.2.1.    Key market trends, growth factors, and opportunities
6.2.2.    Intrinsic safety
6.2.3.    Market size and forecast

6.3.    Explosion containment

6.3.1.    Key market trends, growth factors, and opportunities
6.3.2.    Explosion proof enclosure
6.3.3.    Market size and forecast

6.4.    Explosion segregation

6.4.1.    Key market trends, growth factors, and opportunities

6.4.1.1.    Purging
6.4.1.2.    Pressurization
6.4.1.3.    Encapsulation
6.4.1.4.    Sealing
6.4.1.5.    Limited-Breathing
6.4.1.6.    Oil immersion
6.4.1.7.    Sand filling

6.4.2.    Market size and forecast

CHAPTER 7:    COMPANY PROFILES

7.1.    ABB GROUP

7.1.1.    Company overview
7.1.2.    Key Executives
7.1.3.    Company snapshot
7.1.4.    Operating business segments
7.1.5.    Product portfolio
7.1.6.    R&D Expenditure
7.1.7.    Business performance
7.1.8.    Key strategic moves and developments

7.2.    ADALET

7.2.1.    Company overview
7.2.2.    Key Executives
7.2.3.    Company snapshot
7.2.4.    Operating business segments
7.2.5.    Product portfolio

7.3.    BARTEC GmbH

7.3.1.    Company overview
7.3.2.    Key Executives
7.3.3.    Company snapshot
7.3.4.    Operating business segments
7.3.5.    Product portfolio
7.3.6.    Key strategic moves and developments

7.4.    EATON CORPORATION PLC.

7.4.1.    Company overview
7.4.2.    Key Executives
7.4.3.    Company snapshot
7.4.4.    Operating business segments
7.4.5.    Product portfolio
7.4.6.    R&D Expenditure
7.4.7.    Business performance
7.4.8.    Key strategic moves and developments

7.5.    EMERSON ELECTRIC CO.

7.5.1.    Company overview
7.5.2.    Key Executives
7.5.3.    Company snapshot
7.5.4.    Operating business segments
7.5.5.    Product portfolio
7.5.6.    R&D Expenditure
7.5.7.    Business performance
7.5.8.    Key strategic moves and developments

7.6.    EXTRONICS LTD.

7.6.1.    Company overview
7.6.2.    Key Executives
7.6.3.    Company snapshot
7.6.4.    Operating business segments
7.6.5.    Product portfolio

7.7.    PEPPERL+FUCHS GmbH

7.7.1.    Company overview
7.7.2.    Key Executives
7.7.3.    Company snapshot
7.7.4.    Operating business segments
7.7.5.    Product portfolio

7.8.    R. STAHL AG

7.8.1.    Company overview
7.8.2.    Key Executives
7.8.3.    Company snapshot
7.8.4.    Operating business segments
7.8.5.    Product portfolio
7.8.6.    R&D expenditure
7.8.7.    Business performance
7.8.8.    Key strategic moves and developments

7.9.    ROCKWELL AUTOMATION, INC.

7.9.1.    Company overview
7.9.2.    Key Executives
7.9.3.    Company snapshot
7.9.4.    Operating business segments
7.9.5.    Product portfolio
7.9.6.    R&D Expenditure
7.9.7.    Business performance

7.10.    SIEMENS AG

7.10.1.    Company overview
7.10.2.    Key Executives
7.10.3.    Company snapshot
7.10.4.    Operating business segments
7.10.5.    Product portfolio
7.10.6.    R&D Expenditure
7.10.7.    Business performance
7.10.8.    Key strategic moves and developments

LIST OF TABLES

TABLE 01.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY INDUSTRY VERTICAL, 2018-2026 ($MILLION)
TABLE 02.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY INDUSTRY VERTICAL FOR MANUFACTURING,  2018-2026 ($MILLION)
TABLE 03.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, APPLICABLE SYSTEM, 2018-2026 ($MILLION)
TABLE 04.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY PROTECTION METHOD, 2018-2026 ($MILLION)
TABLE 05.    KEY EXECUTIVES
TABLE 06.    COMPANY SNAPSHOT
TABLE 07.    ABB GROUP :OPERATING SEGMENTS
TABLE 08.    ABB GROUP: PRODUCT PORTFOLIO
TABLE 09.    ADALET: KEY EXECUTIVES
TABLE 10.    ADALET: COMPANY SNAPSHOT
TABLE 11.    ADALET: OPERATING SEGMENTS
TABLE 12.    ADALET: PRODUCT PORTFOLIO
TABLE 13.    BARTEC GMBH: KEY EXECUTIVES
TABLE 14.    BARTEC GMBH: COMPANY SNAPSHOT
TABLE 15.    BARTEC GMBH: OPERATING SEGMENTS
TABLE 16.    BARTEC GMBH: PRODUCT PORTFOLIO
TABLE 17.    KEY EXECUTIVES
TABLE 18.    EATON CORPORATION PLC..: COMPANY SNAPSHOT
TABLE 19.    EATON CORPORATION PLC: OPERATING SEGMENTS
TABLE 20.    EATON CORPORATION PLC: PRODUCT PORTFOLIO
TABLE 21.    KEY EXECUTIVES
TABLE 22.    EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 23.    EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 24.    EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 25.    EXTRONICS LTD.: KEY EXECUTIVES
TABLE 26.    EXTRONICS LTD: COMPANY SNAPSHOT
TABLE 27.    EXTRONICS LTD.: OPERATING SEGMENTS
TABLE 28.    EXTRONICS LTD: PRODUCT PORTFOLIO
TABLE 29.    PEPPERL+FUCHS GMBH: KEY EXECUTIVES
TABLE 30.    PEPPERL+FUCHS GMBH: COMPANY SNAPSHOT
TABLE 31.    R. PEPPERL+FUCHS GMBH: OPERATING SEGMENTS
TABLE 32.    PEPPERL+FUCHS GMBH: PRODUCT PORTFOLIO
TABLE 33.    R. STAHL AG: KEY EXECUTIVES
TABLE 34.    R. STAHL AG.: COMPANY SNAPSHOT
TABLE 35.    R. STAHL AG: OPERATING SEGMENTS
TABLE 36.    R. STAHL AG: PRODUCT PORTFOLIO
TABLE 37.    KEY EXECUTIVES
TABLE 38.    ROCKWELL AUTOMATION, INC., COMPANY SNAPSHOT
TABLE 39.    ROCKWELL AUTOMATION, INC.: OPERATING SEGMENTS
TABLE 40.    ROCKWELL AUTOMATION, INC: PRODUCT PORTFOLIO
TABLE 41.    SIEMENS AG: KEY EXECUTIVES
TABLE 42.    SIEMENS AG: COMPANY SNAPSHOT
TABLE 43.    SIEMENS AG: OPERATING SEGMENTS
TABLE 44.    SIEMENS AG: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    KEY MARKET SEGMENTS
FIGURE 02.    EXECUTIVE SUMMARY
FIGURE 03.    UK EXPLOSION PROTECTION MARKET: KEY PLAYERS
FIGURE 04.    TOP INVESTMENT POCKETS
FIGURE 05.    TOP WINNING STRATEGIES, BY YEAR, 2016–2019
FIGURE 06.    TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019 (%)
FIGURE 07.    TOP WINNING STRATEGIES, BY COMPANY, 2016–2019
FIGURE 08.    MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09.    HIGH BARGAINING POWER OF BUYERS
FIGURE 10.    MODERATE THREAT OF SUBSTITUTES
FIGURE 11.    MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 12.    MODERATE INTENSITY OF RIVALRY
FIGURE 13.    KEY PLAYER POSITIONING
FIGURE 14.    DRIVERS, RESTRAINTS AND OPPORTUNITIES
FIGURE 15.    UK EXPLOSION PROTECTION EQUIPMENT MARKET, BY INDUSTRY VERTICAL, 2018-2026 (%)
FIGURE 16.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY PHARMACEUTICAL, 2018–2026 (MILLION)
FIGURE 17.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY MANUFACTURING, 2018–2026 (MILLION)
FIGURE 18.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY MARINE, 2018–2026 (MILLION)
FIGURE 19.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY FOOD PROCESSING, 2018–2026 (MILLION)
FIGURE 20.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY OIL AND GAS, 2018–2026 (MILLION)
FIGURE 21.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY MINING, 2018–2026 (MILLION)
FIGURE 22.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY OTHERS, 2018–2026 (MILLION)
FIGURE 23.    UK EXPLOSION PROTECTION EQUIPMENT MARKET, APPLICABLE SYSTEM, 2018-2026 (%)
FIGURE 24.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY CABLE GLANDS, 2018–2026 (MILLION)
FIGURE 25.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY JUNCTION BOXES, 2018–2026 (MILLION)
FIGURE 26.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY LIGHT SYSTEM, 2018–2026 (MILLION)
FIGURE 27.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY LIFTING AND MATERIAL HANDLING SYSTEM, 2018–2026 (MILLION)
FIGURE 28.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY AUTOMATION SYSTEM, 2018–2026 (MILLION)
FIGURE 29.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY SURVEILLANCE AND MONITORING SYSTEM, 2018–2026 (MILLION)
FIGURE 30.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY SIGNALING SYSTEM, 2018–2026 (MILLION)
FIGURE 31.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY OTHERS, 2018–2026 (MILLION)
FIGURE 32.    UK EXPLOSION PROTECTION MARKET, BY PROTECTION METHOD, 2018-2026 (%)
FIGURE 33.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY EXPLOSION PREVENTION, 2018–2026 (MILLION)
FIGURE 34.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY EXPLOSION CONTAINMENT,  2018–2026 (MILLION)
FIGURE 35.    UK EXPLOSION PROTECTION EQUIPMENT MARKET REVENUE, BY EXPLOSION SEGREGATION,  2018–2026 (MILLION)
FIGURE 36.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 37.    ABB GROUP: REVENUE, 2016–2018 ($MILLION)
FIGURE 38.    ABB GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 39.    ABB GROUP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 40.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 41.    EATON CORPORATION PLC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 42.    EATON CORPORATION PLC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 43.    EATON CORPORATION PLC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 44.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 45.    EMERSON ELECTRIC CO.: REVENUE, 2016–2018 ($MILLION)
FIGURE 46.    EMERSON ELECTRIC CO.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 47.    EMERSON ELECTRIC CO.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 48.    R. STAHL AG: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 49.    R. STAHL AG COMPANY, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 50.    R. STAHL AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 51.    R. STAHL AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 52.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 53.    ROCKWELL AUTOMATION, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 54.    ROCKWELL AUTOMATION, INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 55.    ROCKWELL AUTOMATION, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 56.    R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 57.    SIEMENS AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 58.    SIEMENS AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 59.    SIEMENS AG: REVENUE SHARE BY REGION, 2018 (%)

 
 

The UK explosion protection equipment market holds high potential in the oil and gas industry. The UK explosion protection equipment market has witnessed a significant growth, which is expected to continue further, due to introduction of innovative spark-resistant systems and solutions to minimize the occurrence of hazardous events. It is expected to generate $112.5 million by 2026 as compared to $78.4 million in 2018. 

Equipment manufacturers such as R. Stahl, Bartec GmbH, and Extronics Ltd., among others, offer wireless network that are equipped with signaling devices and monitoring systems. The adoption of such devices minimizes the chances of accidents and other severe injuries to labor. Such equipment is expected to decrease the fatality rate, thereby improving the safety of workers.

Factors such as technological innovations, and favorable government policies are expected to create lucrative opportunities for the key players operating in the UK explosion protection equipment market. 

The key companies have focused on product launch to strengthen their foothold in the market. For instance, May 2018, Siemens AG launched the Simotics XP explosion-proof series LV AC motors, flameproof series. This motor accurately aims at the application environment in the hazardous air area. It can be widely used in chemical industry. Inflammable explosive applications such as refineries, drilling platforms, gas stations, feed manufacturers and sewage treatment plants. Furthermore, this strategy aims to strengthen their marketing operations, and expand the explosion protection equipment businesses in the UK.  


 

 

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