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Friday, 5 July 2019

Explosion Proof Motor Market Current Trends and Future Aspect Analysis 2025


The global explosion proof motor market is expected to display higher growth rate over the next five years. Rapid surge in explosion proof motors market is credited to the growing number of initiatives undertaken by local governments to promote use of energy-efficient motors. In addition, rise in number of promotional activities adopted by government as well as private manufacturers is expected to fuel the growth of the market over the forecast period. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the explosion proof motors market.

Use of regular motors poses a serious threat, particularly when these motors are operated in industrial atmosphere containing highly flammable or combustible materials. Typically, the cause of highly flammable or combustible materials include arcs, sparks or high temperatures during functioning of a motor. Effects of such combustion rages from minor processing downtime to serious injuries to workers. Avoiding large-scale effects is a matter of choosing specific motor that can function properly in a harsh industrial atmosphere. These factors are fostering market need for explosion proof motors, in the past few years.


Factors responsible for robust growth of the market include growing demand from various end-user industries, increasing number of production lines and soaring demand for energy-efficient motors for different industrial operations. Stringent laws & regulation by regional governments are forcing end-use industries to adopt energy-efficient equipment, thus propelling market demand, in the recent years.

Growing number of energy-intensive industries is expected to generate high-end demand for energy-efficient motors over the forecast period. Furthermore, development of improved designs and formation of contemporary explosion proof encapsulation that averts the entry of vapor, duct, or gas in the motor causing explosion is anticipated to play major role in the market growth over the coming years.

The market is broadly categorized into four major segments based on the application type such as oil & gas industry, chemicals & petrochemicals sector, mining & metal industry, and energy & power generation sector. The oil & gas industry segment is growing rapidly in the explosion proof motors industry with substantial revenue generation in the last few years.


Market Segment:

Geographically, this report is segmented into several key Regions, with production, revenue (million USD), market share and growth rate of Explosion Proof Motor in these regions, from 2013 to 2025 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Explosion Proof Motor market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Toshiba
• ABB
• Siemens
• WEG
• Regal Beloit
• Hyosung
• Nidec
• TECO- Westinghouse

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• EXd Type
• Increased-Safety Type
• Other Types

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, (sales), market share and growth rate for each application, including
• Coal Industry
• Petrochemical Industry

For More Details Visit @ million insights




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