Press release
Explosion Proof Equipment Market worth $9.9 billion by 2025
According to the new market research report on the "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", 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 market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108397700
“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.
“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.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=108397700
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).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Explosion Proof Equipment Market worth $9.9 billion by 2025 here
News-ID: 2087230 • Views: …
More Releases from MarketsandMarkets
Cladding Systems Market worth $347.7 billion by 2028 | Key players DowDuPont (US …
According to recent market research the "Cladding Systems Market by Material (Ceramic, Wood, Brick & Stone, Vinyl, Stucco & EIFS, Metal, Fiber Cement), Type, Application (Residential, Non-Residential), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2028", is projected to grow from USD 268.4 billion in 2023 to USD 347.7 billion by 2028, at a CAGR of 5.2% from 2023 to 2028. In many urban areas,…
Polyester Film Market worth $44.2 billion by 2028 | Key players Atlas DuPont Tei …
According to recent market research the "Polyester Film Market by Type (Biaxially oriented, thermal film, metalized film, holographic film, UV stabilized, matte film, barrier film), Application (packaging, electrical insulation, imaging), End Use Industry, and Region - Global forecast to 2028", is projected to reach USD 44.2 billion by 2028, at a CAGR of 6.2% from USD 32.7 billion in 2023. The Polyester Film market is mainly driven by the demand…
Smart Grid Market Size to Grow $103.4 Billion by 2026 | General Electric, ABB, S …
The global smart grid market size is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1%. Modernization of aging grid infrastructure is one the primary factors driving market growth. Moreover, the government across the world is encouraging the investments in smart grids.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208777577
Smart grid technology enables the transition from a traditional energy distribution network to…
More Releases for MarketsandMarkets™
MarketsandMarkets™ predicts IPTV Market Size worth $115.2 billion by 2026
The global IPTV Market size is projected to grow from USD 50.9 billion in 2021 to 115.2 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period. The major factors driving the growth of the IPTV Market are the growing preference for video-on-demand and growing demand for high-definition channels, Increase in internet video advertising, and rising internet penetration.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=79583912
Browse in-depth…
Data Fabric Market worth $4.2 billion by 2026 | MarketsandMarkets™
According to a new market research report "Data Fabric Market by Type (Disk-Based, In-Memory), Business Applications (Fraud Detection and Security Management, Customer Experience Management, Business Process Management, GRC Management), Service, Vertical and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 1.0 billion in 2020 to USD 4.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 26.3% during the forecast…
Smart Shelves Market worth $7.1 billion by 2026 | MarketsandMarkets™
According to a new market research report "Smart Shelves Market by Component (RFID Tags and Readers, ESL, IoT Sensors, Cameras, and Software and Solutions), Application (Inventory Management, Pricing Management, Content Management, and Planogram Management), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size expected to grow from USD 1.8 billion in 2020 to USD 7.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of…
Conversational AI Market worth $13.9 billion by 2025 | MarketsandMarkets™
According to a new market research report "Conversational AI Market by Component (Platform and Services), Type (IVA and Chatbots), Technology (ML and Deep Learning, NLP, and ASR), Application, Deployment Mode (Cloud and On-premises), Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 4.8 billion in 2020 to USD 13.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of…
Private LTE Market worth $7.5 billion by 2025 | MarketsandMarkets™
According to a new market research report "Private LTE Market by Component (Infrastructure and Services), Technology (FDD and TDD), Deployment Model (Centralized and Distributed), Frequency Band (Licensed, Unlicensed, and Shared Spectrum), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 4.0 billion in 2020 to USD 7.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.6%…
5G Security Market worth $5,226 million by 2026 | MarketsandMarkets™
According to a new market research report "5G Security Market by Component (Solutions (Next-Generation Firewall, Antivirus, DDOS Protection, DLP, Security Gateway) and Services), Network Component Security, Architecture, Deployment Type, End User, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size projected to grow from USD 580 million in 2020 to USD 5,226 million by 2026, at a Compound Annual Growth Rate (CAGR) of 44.3% during…
