According to a market report by Lucintel, the future of the global explosion proof equipment market looks promising with opportunities in the oil & gas, chemical & pharmaceutical, food & beverage, and energy & power, and mining markets. The global explosion proof equipment market is expected to reach an estimated $11.8 billion by 2030 from $8.1 billion in 2024, at a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are growing adoption of automation among enterprises, increasing concern towards industrial safety, and continual expansion of industrial sectors.
A more than 150-page report to understand trends, opportunity and forecast in explosion proof equipment market to 2030 by growing adoption of automation among enterprises, increasing concern towards industrial safety, and continual expansion of industrial sectors..
Lucintel forecasts that wireless is expected to witness the highest growth over the forecast period.
Within this market, mining is expected to witness the highest growth.
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North America is expected to witness the highest growth over the forecast period.
ABB, Eaton, R. STAHL, Marechal Electric, RAE Systems are the major suppliers in the explosion proof equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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