About Explosion Vent Panels
The most tried and tested form of explosion relief is explosion venting. The explosion vent panels are designed to rupture safely as a result of an over-pressure. These panels are generally fitted on a wide range of industrial applications such as silos, filters, mills, crushers and many more. The increasing demands of explosion vent panels from end-user industries to protect equipment against excessive internal, explosion-incurred pressures.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Explosion Vent Panels market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BS&B Safety Systems L.L.C. (United States), Stif (France), REMBE GmbH Safety + Control (Germany), Construction Specialties, Inc. (United States), 4B Braime Components (United Kingdom), Continental Disc Corp. (United States), DonadonSDD Srl (Italy), Fike Corporation (United States), IEP Technologies, LLC (United States) and Shenzhen Milvent Technology Co.,Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are AST Trust Company (Canada), Elfab (United Kingdom), Pneuvay Engineering (Australia), Filquip Pty Ltd (Australia) and Euratex (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Explosion Vent Panels market by Type (Flat Explosion Vent Panels and Domed Explosion Vent Panels), Application (Filters, Cyclones, Ductwork, Silos and Bins and Dust Collectors) and Region.
On the basis of geography, the market of Explosion Vent Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User Industry, the sub-segment i.e. Aviation will boost the Explosion Vent Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shape, the sub-segment i.e. Rectangular will boost the Explosion Vent Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Stainless Steel will boost the Explosion Vent Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Explosion Vent Panels are Non-Fragmenting and Have Ideal Opening Characteristics which Leads in Low Pressure Release and Burst Sensors can be provided with Vent Panels which Provides an Immediate Indication that the Vent Panel has ruptured
Market Growth Drivers:
Increasing Demand for Protection of Industrial Equipment Such as Crushers, Filters, Cyclone and Dust Collectors from Instantaneous Over pressure and These Panels are designed to allow a Full and Immediate Opening to Minimise Mechanical Damage by Expanded Gases from the Combustion of Dust and Gases inside Rooms and Buildings
Challenges:
These Panels Require Replacement Once they have Opened
Restraints:
Rising Use of Explosion Doors as Explosion Vent Panels don’t need to be replaced after Activation
Opportunities:
Growing Safety Concerns about Safe Industrial Operations is Highly Expected to Drive the Explosion Vent Panels Market
Market Leaders and their expansionary development strategies
In September 2023, Fike Corporation releases its "Compact Explosion Diverter" line specifically designed for space-constrained environments without compromising on blast mitigation performance.
In November 2023, BS&B Safety Systems launches its "Eco-Friendly Explosion Diverter" manufactured with recycled materials and sustainable production processes, aligning with environmental considerations.
Key Target Audience
Explosion Vent Panels Manufacturer, Raw Material Suppliers, Safety Organizations, Regulatory and Government Bodies, Research Institutes, End-User Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.