Explosion Proof Equipment Market - Opportunities and Challenges

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MarketsandMarkets Presents

Explosion Proof Equipment Market - Opportunities
and Challenges Explosion Proof Equipment Market
with COVID-19 Impact Analysis by Product (Cable
Glands Accessories, Industrial Controls,
Process Instruments, Sensors, and Signaling
Devices), Connectivity Service, Zone
Classification, Industry, and Geography Global
Forecast to 2025 https//www.marketsandmarkets.co
m/Market-Reports/explosion-proof-equipment-market-
108397700.html
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The explosion proof equipment market size is
projected to grow from USD 7.4 billion in 2020 to
USD 9.9 billion by 2025, at a CAGR of 5.9 from
2020 to 2025. Factors such as the increasing
industrial safety measures and rising energy
requirements are driving the explosion proof
equipment industry. Browse 101 market data
Tables and 33 Figures spread through 164 Pages
and in-depth TOC on "Explosion Proof Equipment
Market Global Forecast to 2025"
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The oil gas industry holds the largest share
of the explosion proof equipment market in
2019. The oil gas industry accounted for the
largest share of the explosion proof equipment
market in 2019 and is expected to grow at a high
growth rate during the forecast period. The
demand for explosion proof equipment in this
industry is high due to its flammable and
challenging environmental conditions. These
equipment are used across applications such as
exploration, drilling, gas lifting/injection, oil
gas pipelines, storage handling, and gas and
refinery process. Ask PDF Brochure https//www.m
arketsandmarkets.com/pdfdownloadNew.asp?id1083977
00 The market for wireless connectivity
services is projected to grow at a high growth
rate during the forecast period. The market for
wireless connectivity services is projected to
grow at a high growth rate during the forecast
period. The growth of the segment can be
attributed to its lower installation cost,
requirement for cable-free operations, and
reduction in space occupied and weight. Wireless
devices can minimize the number of devices
installed, such as cabling and other installation
equipment leading to low installation expenditure
and low labor costs.
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The explosion proof equipment market in RoW is
projected to grow at the highest CAGR during the
forecast period. The Rest of the World is
expected to grow at the highest CAGR during the
forecast period, due to the presence of the
worlds largest oil gas production, mining, and
energy power industries, which are highly prone
to explosions in the region. The rising demand
for protection in the oil gas industry led the
manufacturers to certify their products for use
in explosive atmospheres. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id108397700 Key Market Players The
major players in the explosion proof equipment
market are Siemens (Germany), Honeywell
International Inc. (US), ABB Ltd. (Switzerland),
Rockwell Automation, Inc. (US), and Eaton
Corporation Plc (Ireland).
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