Market Overview:
The global explosion proof inverter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for explosion proof inverters in various end-use industries, such as oil and gas, mining, chemical and material processing, and manufacturing processing. In addition, the growing awareness about safety measures in industrial facilities is also propelling the demand for explosion proof inverters globally. Based on type, the global explosion proof inverter market can be segmented into low voltage (LV), middle voltage (MV), and high voltage (HV) segments. The LV segment is projected to account for a major share of the global Explosion Proof Inverter Market during the forecast period owing to its low cost and easy installation process as compared to other types of Explosion Proof Inverters . However, with technological advancements being made in this field on a regular basis; MV and HV segments are also expected witness significant growth over the next few years. Based on application ,the global Explosion Proof Inverter Market can be divided into oil & gas industry ,mining industry ,chemical & material processing industry ,manufacturing processing industryand others .
Product Definition:
An explosion proof inverter is an electronic device that converts direct current (DC) to alternating current (AC). Explosion proof inverters are important because they allow equipment that operates on DC power to be used in areas where there is a potential for an explosion.
Low Voltage:
Low voltage is the current between 0.1 and 100 A. It is used to power various equipment such as home appliances, medical devices, laboratory equipment, security systems and others.
Middle Voltage:
Middle voltage (MV) is the power supply between 50kv and 1MV. It is used in the inverter which drives the electrical equipment such as motor, compressor, pumps etc. The MV in an inverter should not exceed 1.1 MV because if it does then it can cause damage to various components of the system including insulation of wires and insulation of core inside a transformer due to high current flow through them.
Application Insights:
The manufacturing processing application segment led the global inverter market in 2017. The growth can be attributed to the growing demand for industrial robots and high-end equipment in various industries such as automotive, electronics, and aerospace. In addition, it is also attributed to the rising adoption of energy-efficient products that offer long life spans by reducing power consumption during operation.
The oil and gas industry has been one of the major consumers of electrical & electronics products owing to its critical nature. Moreover, with technological advancements coupled with increasing drilling activities across all major regions including North America Europe Asia Pacific Africa Latin America; there is a continuous rise in demand for automation solutions which will eventually drive product demand over the forecast period 1 ¢â‚¬Ëœ 2018 ¢â‚¬Ëœ 2030.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region owing to increasing demand from end-use industries, such as oil and gas, mining, chemical and material manufacturing. The growing industrialization coupled with expanding electricity generation capacity in emerging economies of India and China is anticipated to drive the market growth over the forecast period.
The Middle East & Africa accounted for a significant share in 2016 owing to large investments being made by governments for developing various energy projects including solar PV power plants. In addition, rising government support towards reducing carbon footprint by investing heavily in renewable energy sources such as wind farms will further propel market growth over the next eight years.
North America was valued at USD X million in 2016; however it is expected to grow at a moderate rate due its mature nature compared with other regions which are expected exhibit high CAGR during the forecast period (2018 - 2030). The U.S.
Growth Factors:
- Increasing demand for explosion proof inverters from the oil and gas industry as a result of the rise in exploration and production activities
- Growing popularity of solar energy systems, which is expected to boost demand for explosion proof inverters in the coming years
- Rising investment in renewable energy projects, especially wind and solar power installations, across the globe
- Proliferation of smart grids that require advanced equipment such as explosion proof inverters for efficient functioning
- Stringent safety regulations pertaining to electrical equipment used in hazardous areas
Scope Of The Report
Report Attributes
Report Details
Report Title
Explosion Proof Inverter Market Research Report
By Type
Low Voltage, Middle Voltage, High Voltage
By Application
Oil and Gas, Mining, Chemical & Material, Manufacturing Processing, Others
By Companies
WEG, Cumark, Mitsubishi, Invt-inverter, ESR Motor Systems, Nidec, Wolong, Fuling Electric, Zhejiang-North-proof Electric, Hansen-electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Explosion Proof Inverter Market Report Segments:
The global Explosion Proof Inverter market is segmented on the basis of:
Types
Low Voltage, Middle Voltage, High Voltage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Mining, Chemical & Material, Manufacturing Processing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WEG
- Cumark
- Mitsubishi
- Invt-inverter
- ESR Motor Systems
- Nidec
- Wolong
- Fuling Electric
- Zhejiang-North-proof Electric
- Hansen-electric
Highlights of The Explosion Proof Inverter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Voltage
- Middle Voltage
- High Voltage
- By Application:
- Oil and Gas
- Mining
- Chemical & Material
- Manufacturing Processing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Explosion Proof Inverter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An Explosion Proof Inverter is a type of inverter that is designed to protect against explosions. These inverters are typically installed in places where there is a high risk of an explosion, such as factories and power plants. They are usually equipped with sensors that detect when there is an explosive gas or liquid present, and will automatically shut down the power supply to prevent any damage from occurring.
Some of the key players operating in the explosion proof inverter market are WEG, Cumark, Mitsubishi, Invt-inverter, ESR Motor Systems, Nidec, Wolong, Fuling Electric, Zhejiang-North-proof Electric, Hansen-electric.
The explosion proof inverter market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Explosion Proof Inverter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Explosion Proof Inverter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Explosion Proof Inverter Market - Supply Chain
4.5. Global Explosion Proof Inverter Market Forecast
4.5.1. Explosion Proof Inverter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Explosion Proof Inverter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Explosion Proof Inverter Market Absolute $ Opportunity
5. Global Explosion Proof Inverter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Explosion Proof Inverter Market Size and Volume Forecast by Type
5.3.1. Low Voltage
5.3.2. Middle Voltage
5.3.3. High Voltage
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Explosion Proof Inverter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Explosion Proof Inverter Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. Mining
6.3.3. Chemical & Material
6.3.4. Manufacturing Processing
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Explosion Proof Inverter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Explosion Proof Inverter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Explosion Proof Inverter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Explosion Proof Inverter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Explosion Proof Inverter Demand Share Forecast, 2019-2026
9. North America Explosion Proof Inverter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Explosion Proof Inverter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Explosion Proof Inverter Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. Mining
9.4.3. Chemical & Material
9.4.4. Manufacturing Processing
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Explosion Proof Inverter Market Size and Volume Forecast by Type
9.7.1. Low Voltage
9.7.2. Middle Voltage
9.7.3. High Voltage
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Explosion Proof Inverter Demand Share Forecast, 2019-2026
10. Latin America Explosion Proof Inverter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Explosion Proof Inverter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Explosion Proof Inverter Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. Mining
10.4.3. Chemical & Material
10.4.4. Manufacturing Processing
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Explosion Proof Inverter Market Size and Volume Forecast by Type
10.7.1. Low Voltage
10.7.2. Middle Voltage
10.7.3. High Voltage
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Explosion Proof Inverter Demand Share Forecast, 2019-2026
11. Europe Explosion Proof Inverter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Explosion Proof Inverter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Explosion Proof Inverter Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. Mining
11.4.3. Chemical & Material
11.4.4. Manufacturing Processing
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Explosion Proof Inverter Market Size and Volume Forecast by Type
11.7.1. Low Voltage
11.7.2. Middle Voltage
11.7.3. Hgh Voltage
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Explosion Proof Inverter Demand Share, 2019-2026
12. Asia Pacific Explosion Proof Inverter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Explosion Proof Inverter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Explosion Proof Inverter Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. Mining
12.4.3. Chemical & Material
12.4.4. Manufacturing Processing
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Explosion Proof Inverter Market Size and Volume Forecast by Type
12.7.1. Low Voltage
12.7.2. Middle Voltage
12.7.3. High Voltage
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Explosion Proof Inverter Demand Share, 2019-2026
13. Middle East & Africa Explosion Proof Inverter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Explosion Proof Inverter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Explosion Proof Inverter Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. Mining
13.4.3. Chemical & Material
13.4.4. Manufacturing Processing
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Explosion Proof Inverter Market Size and Volume Forecast by Type
13.7.1. Low Voltage
13.7.2. Middle Voltage
13.7.3. High Voltage
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Explosion Proof Inverter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Explosion Proof Inverter Market: Market Share Analysis
14.2. Explosion Proof Inverter Distributors and Customers
14.3. Explosion Proof Inverter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. WEG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cumark
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Invt-inverter
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ESR Motor Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nidec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wolong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fuling Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Zhejiang-North-proof Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hansen-electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
