Explosion Proof Motor Industry Explosion Proof Motor Industry | Page 2

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. Growing popularity of explosion proof motors in the oil & gas segment
is attributed to the rising number of production lines and higher market penetration. The chemicals &
petrochemicals segment has also witnessed substantial growth owing to the increasing occurrence of on-site
explosion and growing use of highly flammable materials.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation of latest technologies in
manufacturing sector, surge in number of research & development activities in the region and existence of well-
established industrial infrastructure.
Asia-Pacific region is estimated to hold major share in the explosion proof motors market with massive growth
in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong
economic growth, increasing number of manufacturing activities, rising number of production lines, and
significant investment by leading industry players considering potential growth opportunities in the region. The
key players in the explosion proof motors market are ABB Group, Schneider Electric SE, Brook Crompton
Holdings, General Electric Company, Rockwell Automation, Inc., Siemens AG and WEG Industries.
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