Market Size of Middle East and Africa Intrinsically Safe Equipment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.12 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
MEA Intrinsically Safe Equipment Market Analysis
The Middle East and Africa Intrinsically Safe Equipment Market is expected to register a CAGR of 7.12% during the forecast period of 2021-2026. The advent of Industry 4.0 is driving enterprises in many end-user industries toward the age of digitization, creating a demand for hardware such as sensors, actuators, and valves, among other things, that can work with IoT gadgets for control and energy management. Such functionality can help in the current COVID-19 circumstance by allowing the device to be controlled remotely, driving the growth of the studied market.
- The intrinsic safety in potentially explosive areas of process automation, which refers to the electronic prevention of sparks through the limitation of electricity, voltage, and wattage in the electric circuit concerned, is becoming increasingly popular in the region. This method makes applying pressure-proof enclosures for the installed equipment and devices in the explosive areas unnecessary.
- Intrinsically safe equipment offers several advantages for operating and maintaining a processing plant, for example, the servicing of devices and systems without a hot work permit.
- Further, the increasing demand for intrinsically safe devices for the Class I environment associated with flammable gasses and vapors, including gasoline, hydrogen, natural gas propane, ethanol, or methane, which exist under normal operating conditions and abnormal operating conditions, is aiding the market growth.
- Moreover, the continuous focus on developing innovative and advanced products creates an opportunity for the market, which results in strengthening the competitive environment. For instance, in July 2021, Pepperl+Fuchs launched the M-LB-2000 system that protects against surge Transients. The one-piece devices can be mounted on a standard DIN mounting rail, are approved for applications up to SIL 3, and are certified per ATEX and IECEx up to Zone 1. The M-LB-2000 is also UL-listed for Division 1 and used in intrinsically safe control loops. The M-LB-2000 can be used as an alternative to standard terminal blocks, as it also features a loop disconnect function.
- Intrinsically safe equipment is typically slightly more expensive than non-intrinsically safe equipment. This results more from obtaining and maintaining the approval than from the cost of additional or uncommon components.
MEA Intrinsically Safe Equipment Industry Segmentation
Intrinsically safe equipment is equipment and wiring that is inept of releasing sufficient electrical or thermal energy under normal or abnormal conditions to cause ignition of a specific hazardous atmospheric mixture in its most easily ignited concentration.
The Middle East and Africa Intrinsically Safe Equipment Market is Segmented By Zone (Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, Zone 22), Class (Class 1, Class 2, Class 3), Products (Sensors, Detectors, Switches, Transmitters, Isolators, LED Indicators), End-user (Oil and Gas, Mining, Power, Chemical and Petrochemical, Processing, Other End Users), and Country.
By Zone | |
Zone 0 | |
Zone 20 | |
Zone 22 | |
Zone 1 | |
Zone 21 | |
Zone 2 |
By Class | |
Class 1 | |
Class 2 | |
Class 3 |
By Products | |
Sensors | |
Detectors | |
Transmitters | |
Isolators | |
LED Indicators | |
Others |
By End-user Industry | |
Oil and Gas | |
Mining | |
Power | |
Chemical and Petrochemical | |
Processing | |
Others |
By Country | |
United Arab Emirates | |
Saudi Arabia | |
South Africa | |
Qatar | |
Kuwait | |
Rest of Middle East and Africa |
Middle East and Africa Intrinsically Safe Equipment Market Size Summary
The Middle East and Africa Intrinsically Safe Equipment Market is experiencing significant growth, driven by the increasing adoption of Industry 4.0 and the demand for IoT-compatible hardware. This trend is particularly relevant in sectors such as oil and gas, mining, and chemical production, where safety is paramount due to the presence of flammable gases and vapors. Intrinsically safe equipment, which prevents ignition by limiting electrical energy, is becoming more popular as it eliminates the need for pressure-proof enclosures and allows for maintenance without hot work permits. The market is also benefiting from innovations like Pepperl+Fuchs' M-LB-2000 system, which enhances safety in hazardous areas. Despite being slightly more expensive due to the need for approvals, the advantages of these systems in ensuring safe operations in explosive environments are driving their adoption.
The market landscape is moderately fragmented, with key players such as Fluke Corporation, Eaton Corporation PLC, and Pepperl + Fuchs actively engaging in strategic collaborations to enhance their market presence. The abundance of natural gas reserves in the region, coupled with increasing demand for natural gas and ongoing investments in oilfield expansion projects, are expected to further propel market growth. Additionally, the development of advanced safety switches and sensors, like those from SICK AG and Banner Engineering, is contributing to the market's expansion by providing enhanced protection in hazardous locations. These developments, along with the focus on innovative product offerings, are strengthening the competitive environment and creating lucrative opportunities for market participants.
Middle East and Africa Intrinsically Safe Equipment Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Technology Snapshot
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1.4 Industry Value Chain Analysis
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1.5 Assessment of Impact of COVID-19 on the Industry
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2. MARKET SEGMENTATION
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2.1 By Zone
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2.1.1 Zone 0
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2.1.2 Zone 20
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2.1.3 Zone 22
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2.1.4 Zone 1
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2.1.5 Zone 21
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2.1.6 Zone 2
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2.2 By Class
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2.2.1 Class 1
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2.2.2 Class 2
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2.2.3 Class 3
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2.3 By Products
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2.3.1 Sensors
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2.3.2 Detectors
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2.3.3 Transmitters
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2.3.4 Isolators
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2.3.5 LED Indicators
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2.3.6 Others
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2.4 By End-user Industry
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2.4.1 Oil and Gas
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2.4.2 Mining
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2.4.3 Power
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2.4.4 Chemical and Petrochemical
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2.4.5 Processing
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2.4.6 Others
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2.5 By Country
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2.5.1 United Arab Emirates
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2.5.2 Saudi Arabia
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2.5.3 South Africa
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2.5.4 Qatar
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2.5.5 Kuwait
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2.5.6 Rest of Middle East and Africa
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Middle East and Africa Intrinsically Safe Equipment Market Size FAQs
What is the current Middle East and Africa Intrinsically Safe Equipment Market size?
The Middle East and Africa Intrinsically Safe Equipment Market is projected to register a CAGR of 7.12% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Intrinsically Safe Equipment Market?
SICK AG, Banner Engineering Corp., Pepperl + Fuchs, Fluke Corporation and Eaton Corporation PLC are the major companies operating in the Middle East and Africa Intrinsically Safe Equipment Market.