CHICAGO, May 6, 2021 /PRNewswire/ — According to the new market research report “Explosion-proof Lighting Market with COVID-19 impact analysis by Type , at a CAGR of 6.7% between 2021 to 2026.
Globally, every process industry—such as oil & gas, chemical & pharmaceutical, mining, energy & power, and food & beverage—is required to follow safety measures formulated by the 1996 National Electrical Code, the European Committee for Electrotechnical Standardization , and the Increased Safety “Ex e,” along with various other certifications for products used in hazardous environments.
Additionally, LEDs are not as sensitive to temperature as other lighting technologies and therefore can be easily operated in extreme hot and cold environments.
For instance, according to an article published by Business Standard, the pharmaceutical industry in India attracted investments of approximately USD 1.7 billion in the year 2020 and is expected to grow faster in the years to come.
The Alaska LNG project in Alaska and the Corpus Christi LNG project in Texas are expected to have investments of approximately USD 45 billion and USD 24.5 billion, respectively.
The report profiles key players, including Eaton .
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.