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Explosion proof equipment market expected to grow at a CAGR of 9.2% during 2017 to 2024

Industrial Market Research

The Explosion Equipment Market is projected to reach $10 billion by 2024, having a CAGR of 9.2 % during the forecast period of 2017 to 2024. Oil and gas industry segment has generated highest revenue in 2016 and expected to grow with highest CAGR for forecasted period.

Global Explosion Proof Market Overview

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Explosion can be defined as extreme uncontrolled impulse in stream on energy. The energy can be mechanical, electrical or nuclear in nature.