Explosion Proof Equipment Market to 2027 - Global Analysis and Forecasts by Protection Method (Explosion Prevention, Explosion Containment, and Explosion Segregation); Type (Junction Boxes & Enclosures, Lighting System, Monitoring System, Signaling Devices, Automation System, Cable Glands, HVAC Systems, and Others); and Industry (Pharmaceutical, Mining, Oil & Gas, Manufacturing, Food Processing, Energy & Power, Chemical & Petrochemical, and Others)
The global explosion proof equipment market was valued at US$ 8.10 Bn in 2018 and is expected to reach US$ 14.33 Bn by 2027 with a CAGR growth rate of 6.7% in the forecast period from 2019 to 2026.
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Explosion proof equipment includes the devices, products, and solutions that are installed for the prevention of spark that can lead to a blast. The installation of these products in hazardous locations ensures better productivity and increased safety. The incorporation of monitoring and automation systems provides efficient detection and tracking, along with monitoring the functioning of the equipment. Therefore, these components help in detecting accidental explosions, leak of hazardous