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.

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