Market Share of Asia-Pacific Explosion Proof Equipment Industry
The Asia-Pacific explosion-proof equipment market is fragmented and consists of several players. In terms of market share, few major players currently dominate the market. However, with innovation and technological development, many companies are increasing their market presence by securing new contracts and by tapping new markets. For instance,
- In December 2023, R. STAHL introduced the Ex e switching and power distribution boards, which shall be protected by new 8530 and 8550 explosion-resistant components. The design of the new 8530 and 8550 series, which has been extended to 63 A from 40 A with an operating current of up to 125 A in both versions, is a major feature.
- In October 2023, Pepperl+Fuchs took digitization processes in hazardous areas to a new level with the launch of the new SmartEx 03 high-performance 5G smartphone. It is equipped with a wide range of features that meet all industry requirements, including voice over IP, programmable buttons, Wi-Fi only mode, remote diagnostics, and remote support for the implementation of the most diverse applications of Industry 4.0.
Asia-Pacific Explosion Proof Equipment Market Leaders
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R. Stahl Group
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Bartec GmbH
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Rae Systems (Acquired By Honeywell)
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ABB Limited
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Eaton Corporation Plc.
*Disclaimer: Major Players sorted in no particular order
