Market Share of Explosion-proof Equipment Industry
The degree of competition in the explosion-proof equipment market is high due to the presence of electrical product manufacturers. The firm concentration ratio in major industry verticals is on the higher side due to increasing demand for safety.
In July 2022, Ben Buchele Elektromotorenwerke GmbH launched a new ATEX/IECEx explosion-proof motor, the dKD280, designed especially for the marine and offshore markets.
In March 2022, RICO Sicherheitstechnik AG presented an innovation. The company, based in Herisau, Switzerland, launched the next generation of the proven VENTEX explosion protection valve and offers customers a wide range of innovations and optimizations in the field of explosion isolation.
In January 2022, ABB launched flameproof low-voltage motors for explosive atmospheres. ABB India has unveiled its new range of flameproof (FLP) motors that are safe for applications in potentially explosive environments. Manufactured at the company's Faridabad facility, these low-voltage motors offer considerable benefits, including low vibration levels with increased reliability for an extended lifetime and reduced maintenance requirements for a lower cost of ownership.
Explosion Proof Equipment Market Leaders
R. STAHL AG
Marechal Electric Group
RAE Systems (Honeywell)
Pepperl+Fuchs GmbH
Intertek Group PLC
*Disclaimer: Major Players sorted in no particular order
