LONDON–(BUSINESS WIRE)–The global electrical explosion proof equipment market size is expected to grow by USD 405.48 million as per Technavio. This marks a significant market growth compared to the 2019 growth estimates. Healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 4%. Request Free Sample Report on COVID-19 Impacts
Read the 120-page report with TOC on “Electrical Explosion Proof Equipment Market Analysis Report by Type (Enclosures, Encapsulations, and Conduit and cable sales) and Geography (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024”.
The market is driven by the rising demand for safety in industrial operations. In addition, the emergence of safety regulations is anticipated to boost the growth of the electrical explosion proof equipment market.
Health, safety, and environment have become non-negotiable factors in the operation of industries. Industries