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Explosion Proof Equipment Market is expected to grow at 5.1% through 2024 to 2030, reaching nearly US$ 12.43 Bn., says Maximize market Research

(USGovernment-News.Com, July 07, 2024 ) As per Maximize Market research, Explosion Proof Equipment size was valued at US$ 8.77 Bn. in 2023 and the total revenue is expected to grow at 5.1% through 2024 to 2030, reaching nearly US$ 12.43 Bn.

Europe held 33.6% market share of Explosion Proof Equipment Market I 2023. Increased manufacturing cost, purification of ferrous and non-ferrous metals, and leading oil business are growth factors responsible for this. Middle East saw growth driven by the leading oil business in the region.

The market experiences growth by increased industrial explosions, safety regulations, advancements in various sectors, rise in energy consumption, sector advancements, and toxic gas management as per government regulations. Volatility of the mining sector and safety risks remain few of the major hurdles.

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Explosion Proof Equipment Market Segmentation

by Method




by Protection Type

Gas Explosion Protection

Dust Explosion Protection

by Zone Type

Zone 0

Zone 1

Zone 2

Zone 12

Zone 20

Zone 21

Zone 22

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by Application Type

Cable Glands

Junctions Systems

Lifting Systems

Lighting Systems

Material Handling Systems

Panel Boards



Signaling System




by End-Use Type


Chemicals & Pharmaceutical

Energy & Power

Oil & Gas


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Explosion-Proof Equipment Key Players:


Intertek Group Plc

Extronics Ltd

Bartec Group

Stahl AG

Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Global Automotive Retail Market size was valued at USD 3.66 trillion in 2023 and the total Global Automotive Retail revenue is expected to grow at a CAGR of 7.15 % from 2024 to 2030, reaching nearly USD 6.22 trillion.

Automotive Manufacturing Equipment Market size is valued at USD 7.5 Billion in 2023 and is forecast to grow at a CAGR of 11.3% from 2024 to 2030, reaching nearly USD 15.87 Billion

About Maximize Market Research

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.


L Godage


Source: EmailWire.Com


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