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Explosion Proof Equipment Market – Forecast to 2025 With Covid-19 Impact Analysis

The global explosion proof equipment market size is projected to grow from USD 7.4billion in 2020 to USD 9.9billion by 2025, at a CAGR of 5.9% from 2020 to 2025. Factorssuch as the increasing industrial safety measures and rising Energy Requirements are expected to fuel the growth of the explosion proof equipment industry.

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Explosion Proof Equipment Market – Forecast to 2025 With Covid-19 Impact Analysis

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  1. MarketsandMarkets Presents Explosion Proof Equipment Market – Forecast to 2025 With Covid-19 Impact Analysis Explosion Proof Equipment Market 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.com/Market-Reports/explosion-proof-equipment-market-108397700.html

  2. The global explosion proof equipment market size is projected to grow from USD 7.4billion in 2020 to USD 9.9billion by 2025, at a CAGR of 5.9% from 2020 to 2025. Factorssuch as the increasing industrial safety measures and rising Energy Requirements are expected to fuel the growth of 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"

  3. By product type, the cable glands & accessories segment holds the largestshare of the explosion proof equipment market.Cable glands & accessories are increasingly being used for mechanical retention, strain relief, and earth continuity. Cable glands come with different protection types, such as inner and outer sheath seal with armor clamp for steel wire, steel tape, screened or braided cables, and lead sheathed cables. The pioneers in manufacturing cable glands and related accessories for explosion proof equipment include Eaton Corporation Plc (Ireland), Hawke International (UK), and Emerson Electric Co. (US). Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108397700 Based on connectivity service, the wireless connectivity services segment is projected to grow at a higher growth rate as compared to the wired connectivity services segment during the forecast period. The growth of the wireless services segment can be attributed to its lower installation cost, the 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.

  4. For example,the wireless fire alarm system is an effective alternative to traditional wired fire alarm systems across end-use industries, ranging from oil & gas to mining and pulp & paper. They make use of secure, license-free radio communications to interconnect the sensors and devices such as detectors and call points with controllers. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=108397700 The major players in the explosion proof equipmentmarket are Siemens (Germany), Honeywell International, Inc. (US), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), and Eaton Corporation Plc (Ireland).

  5. The Rest of the World is expected to grow at the highest CAGR during the forecast period, due to the presence of the world’s 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.

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

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