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Electrical Explosion Proof Equipment Market size is set to grow by USD 12.17 billion from 2024-2028, Increasing demand for safety in industrial operations boost the market, Technavio

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NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global electrical explosion proof equipment market size is estimated to grow by USD 12.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.64%  during the forecast period. Increasing demand for safety in industrial operations is driving market growth, with a trend towards rising focus on explosion prevention. However, planning and inspection challenges related to electrical explosion proofing  poses a challenge. Key market players include ABB Ltd., Atexxo B.V., BARTEC Top Holding GmbH, Eaton Corp. Plc, Emerson Electric Co., Extronics Ltd., Flexpro Electricals Pvt. Ltd., Honeywell International Inc., Miretti Srl, PATLITE Corp., Pepperl and Fuchs SE, Potter Electric Signal Co. LLC, R and M Electrical Group Ltd., R Stahl AG, Rockwell Automation Inc., Siemens AG, Supermec Pvt. Ltd., TRI FLP Engineers Pvt. Ltd., VIMEX, and WEG Equipamentos Eletricos S.A..

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Electrical Explosion Proof Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.64%

Market growth 2024-2028

USD 12178.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.73

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 57%

Key countries

China, US, Germany, India, and Russia

Key companies profiled

ABB Ltd., Atexxo B.V., BARTEC Top Holding GmbH, Eaton Corp. Plc, Emerson Electric Co., Extronics Ltd., Flexpro Electricals Pvt. Ltd., Honeywell International Inc., Miretti Srl, PATLITE Corp., Pepperl and Fuchs SE, Potter Electric Signal Co. LLC, R and M Electrical Group Ltd., R Stahl AG, Rockwell Automation Inc., Siemens AG, Supermec Pvt. Ltd., TRI FLP Engineers Pvt. Ltd., VIMEX, and WEG Equipamentos Eletricos S.A.

Market Driver

The importance of workplace safety in industrial settings has led to a heightened focus on explosion prevention. With the rising number of explosions causing significant damage and costs to industries, the adoption of electrical explosion proof equipment has become essential. Electrical explosions can result from sparks or electric arc flashes, which can cause extensive harm to equipment and result in downtime. To mitigate these risks and protect valuable assets, industries are increasingly investing in explosion proof equipment. This trend is expected to drive the growth of the global electrical explosion proof equipment market during the forecast period. 

The Electrical Explosion Proof Equipment Market is experiencing significant growth due to increasing demands in industries with high risks of explosions, such as petrochemical and mining sites. Installation costs are a key consideration, driving the demand for flameproof enclosures and flameproof low-voltage motors. The mining profession faces a high risk of fatalities, leaks, and toxic substance exposure, making explosion prevention a top priority. Combustible dust, common in the chemical sector, is another major concern. Manufacturing equipment, machine tools, and processed food products in value-added food categories also require explosion-proof solutions. The oil & gas and mining industries are major consumers, with a focus on junction boxes, explosion containment, and flame arrestors. Wireless connectivity services, electrification, motion control, industrial automation, robotics, and discrete automation are also driving market growth. Energy extraction and fuel extraction industries are adopting integrated systems for explosion prevention. 

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Market Challenges

In the industrial sector, installing explosion-proof equipment is a crucial safety measure. For end-users, careful planning is essential. They must determine the appropriate explosion-proof equipment types and coverings based on their specific industrial requirements. Any oversight in planning can lead to incorrect installations and unnecessary expenses. Vendors, too, play a vital role in this process. They must inspect industries to recommend suitable explosion-proof equipment. Negligence in planning or inspection can result in financial consequences for end-users, including the need for new equipment or increased maintenance costs. The challenges of effective planning and inspection continue to pose significant expenses for global electrical explosion-proof equipment market participants and may hinder market expansion during the forecast period.The Explosion Proof Equipment Market caters to industries with potential hazardous environments, such as oil & gas and mining. Challenges include explosion prevention through electrical enclosures, flame arrestors, and explosion containment. Electrification in industries like automation, robotics, and motion requires explosion-proof junction boxes, wirelessly connected services, and integrated systems. Government rules mandate safety devices for handling gas or vapor in hazardous regions. Tier 2 and 3 manufacturers produce electrical and non-electrical fixtures, apparatus, and equipment for various industries, including oil & gas, mining, aerospace, construction, HVAC, lighting, and surveillance. Lack of standardization poses a challenge, but safety devices like AC and DC motors, pumps, compressors, and blowers help mitigate risks from workplace mishaps, such as mine explosions. Industries must prioritize environmental safety and invest in reliable explosion-proof equipment.

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Segment Overview 

This electrical explosion proof equipment market report extensively covers market segmentation by  

Application 1.1 Industrial1.2 Non-industrialType 2.1 Flame-proof type2.2 Increased safety type2.3 Intrinsic safety type2.4 Positive-pressure type2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Industrial-  The global electrical explosion proof equipment market is poised for steady growth in various industries, including power, electronics, automotive, food and beverages, and chemical, due to increasing industrial automation and safety concerns. In the power industry, the rising demand for electricity and the shift towards renewable energy sources are driving the need for electrical explosion proof equipment. The electronics industry’s growing adoption of consumer electronics, such as smartphones and laptops, necessitates the use of explosion-proof equipment for operational safety. In the automotive industry, the expansion of manufacturing plants and the increasing demand for electric vehicles necessitate the implementation of electrical explosion proof equipment to ensure safety. The food and beverages industry requires electrical explosion proof equipment to prevent disruptions caused by unexpected explosions, especially due to the risk of flammable liquids coming into contact with electrical wires. Lastly, the chemical industry, while primarily experiencing chemical and mechanical explosions, still requires electrical explosion proof equipment to mitigate the risk of electrical ignition of flammable gases. Overall, the rising demand for industrial automation and safety measures across various industries will fuel the growth of the electrical explosion proof equipment market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

India’s electrical equipment market is experiencing robust growth, driven by increasing industrialization and urbanization. Key segments include transformers, switchgear, and cables, supported by government initiatives like “Make in India” and the push for smart grids and renewable energy. Major players such as BHEL, Siemens, and ABB dominate the landscape, focusing on innovation and sustainability to meet rising domestic and export demands.

Research Analysis

The Electrical Explosion Proof Equipment (EX Equipment) market caters to industries with potential explosive hazards, ensuring explosion prevention through specialized electrical enclosures, flame arrestors, and explosion containment systems. The oil & gas industries and energy & power sectors are significant consumers due to their hazardous environments. Electrification and automation in industrial sectors further drive market growth. Integrated systems that combine electrical and non-electrical fixtures, along with wireless connectivity services, are gaining popularity. Government rules and regulations in hazardous handling regions mandate the use of EX Equipment in industries such as oil & gas production, pharmaceuticals, and chemicals. EX Equipment includes various apparatus designed to handle gas or vapor explosions, ensuring safety in high-risk applications.

Market Research Overview

The Electrical Explosion Proof Equipment Market caters to industries with potential explosive hazards, focusing on explosion prevention through electrical enclosures, flame arrestors, and explosion containment. Key applications include oil & gas industries, mining, and the automation industry. Wireless connectivity services, electrification, motion control, and industrial automation are driving market growth. Equipment includes junction boxes, generators, integrated systems, and various types of motors, such as AC, DC, and low-voltage motors. Tier 2 and tier 3 manufacturers produce flameproof apparatus for handling gas or vapor, combustible dust, and other hazardous materials in sectors like aerospace, chemical, and manufacturing. Government rules and workplace mishaps, such as mine explosions, necessitate safety devices like flameproof electrical fixtures, non-electrical fixtures, and safety devices. Industries like petrochemical, mining, and the energy extraction sector face challenges like lack of standardization and high installation costs. The market also serves industries dealing with natural resources like coal reserves, and hazardous handling regions in construction sites, HVAC systems, lighting, surveillance, signaling techniques, and various industrial sectors. Safety devices are crucial in preventing workplace accidents, fatalities, leaks, and toxic substance exposure. Equipment includes pumps, compressors, blowers, and various types of motors, such as AC, DC, and low-voltage motors.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationIndustrialNon-industrialTypeFlame-proof TypeIncreased Safety TypeIntrinsic Safety TypePositive-pressure TypeOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Portland General Electric declares dividend

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PORTLAND, Ore., July 24, 2026 /PRNewswire/ — The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.

The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company’s amount and timing of dividends payable as well as other statements containing words such as “committed to,” “targets,” or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company’s business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE’s credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov and on the Company’s website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302834503.html

SOURCE Portland General Company

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Care Career Announces Acquisition of MAS Medical Staffing, Completing Its First Acquisition Phase and Expanding Annual Revenue Beyond $150 Million, with a Path to Exceed a Quarter Billion by the End of 2026 Through Additional Acquisitions and Organic Growth

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WOODBRIDGE, N.J., July 24, 2026 /PRNewswire/ — Care Career, a rapidly growing healthcare workforce technology organization, today announced the acquisition of MAS Medical Staffing, one of the Northeast’s leading healthcare workforce organizations. Financial terms of the transaction were not disclosed.

The acquisition represents Care Career’s seventh strategic acquisition in the past 24 months, further strengthening the company’s position as one of the largest healthcare workforce organizations in the United States while accelerating its strategy to redefine the future of healthcare workforce management through artificial intelligence, enterprise technology, and workforce innovation.

MAS Medical Staffing has built an outstanding reputation for delivering high-quality workforce solutions through strong client relationships, exceptional clinician engagement, and deep regional expertise throughout the Northeastern United States. The acquisition significantly expands Care Career’s geographic footprint while broadening its access to healthcare professionals, client relationships, workforce data, and regional market intelligence.

Care Career is building a technology-enabled workforce ecosystem powered by its AI-powered workforce platform, where every acquisition contributes not only additional market presence, but also expanded data, enhanced artificial intelligence capabilities, digital innovation, and operational scale that continuously improve the experience for clients and clinicians alike. As the platform grows, every clinician engagement, client interaction, credential, placement, and workforce trend strengthens the intelligence of Career’s technology, creating a continuously improving ecosystem designed to deliver faster, smarter, and more effective workforce solutions.

The acquisition also brings MAS Medical Staffing’s MAESTRA® engagement technology, along with its client relationships and clinician network, directly onto Career’s AI-powered workforce platform. MAESTRA’s scheduling, credentialing, and communication capabilities will be integrated into Care Career’s existing technology stack, further enhancing clinician engagement across onboarding, scheduling, and career management while providing healthcare organizations with greater workforce visibility and operational efficiency.

“Our vision is to build the AI-powered infrastructure that modernizes healthcare workforce management,” said Siva Konatham, Group President and Chief Executive Officer of Care Career. “Under my leadership, Care Career is focused on transforming a fragmented, labor-intensive industry into a data-driven, technology-enabled ecosystem that improves speed, efficiency, and workforce visibility for healthcare providers. Each acquisition strengthens our platform intelligence, expands our scale, and enhances our margin potential. By integrating advanced analytics, AI automation, and digital engagement tools, we are not just growing revenue—we are building a smarter, more scalable model positioned to lead the next era of healthcare workforce solutions.”

The combined organization will leverage expanded recruiting resources, centralized credentialing, advanced workforce analytics, AI-enabled automation, and digital engagement technologies—all powered by Care Career’s AI-powered workforce platform—to deliver broader recruiting capabilities, faster response times, enhanced workforce insights, and expanded national coverage. Clinicians will benefit from a seamless digital experience that simplifies every stage of their careers—from job discovery and credentialing to onboarding, scheduling, communication, and long-term career development.

With seven strategic acquisitions completed in less than two years, representing the first round of acquisitions now totaling more than $150 million in annual revenue, Care Career has rapidly expanded its national presence while executing a disciplined growth strategy focused on technology integration, operational excellence, and workforce innovation. The company has also signed additional Letters of Intent with other entities with expected close dates in the third quarter of 2026. Upon completion of these transactions, coupled with organic growth, Care Career expects consolidated annual revenue to exceed a quarter of a billion dollars by the end of 2026.

The addition of MAS Medical Staffing further strengthens the organization’s ability to serve healthcare systems, hospitals, long-term care providers, outpatient facilities, and other healthcare organizations across an increasingly diverse geographic footprint.

“The healthcare workforce industry is entering a new era where technology, artificial intelligence, and data-driven decision-making will define the market leaders,” Konatham added. “Every acquisition we complete expands the intelligence of our AI-powered workforce platform, enhances the value we deliver to our clients, and creates more opportunities for clinicians. We believe the combination of exceptional people, innovative technology, and strategic scale positions Care Career to lead the next generation of healthcare workforce solutions.”

About Care Career

Care Career is a technology-enabled healthcare workforce solutions company dedicated to transforming how healthcare organizations recruit, engage, credential, deploy, and retain clinical talent. Powered by its proprietary AI-powered workforce platform and supported by advanced artificial intelligence, enterprise technology, and workforce analytics, Care Career is building an intelligent healthcare workforce ecosystem that connects providers and clinicians more efficiently while improving workforce performance, operational effectiveness, and patient care. Following seven strategic acquisitions over the past 24 months the first round of acquisitions totaling more than $150 million in annual revenue and with additional signed LOIs under contract expected to complete shortly, positioning the company to surpass a quarter of a billion dollars in consolidated annual revenue by the end of 2026, Care Career has become one of the nation’s largest and fastest-growing healthcare workforce organizations, serving healthcare providers and clinicians across the United States.

About MAS Medical Staffing

MAS Medical Staffing is a premier healthcare workforce organization recognized for exceptional service, strong client partnerships, and a commitment to connecting healthcare professionals with rewarding career opportunities. With an established presence throughout the Northeastern United States, MAS Medical Staffing has earned a reputation for quality, responsiveness, and delivering workforce solutions that help healthcare providers meet their evolving workforce needs while supporting clinicians throughout every stage of their careers.

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SOURCE Care Career

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PointsKash Demonstrates How Businesses Can Build on Bitcoin Without Burdening the Blockchain

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As industry debate surrounding Bitcoin Improvement Proposal (BIP-110) intensifies, PointsKash unveils an architecture designed to work regardless of the proposal’s outcome.

SCOTTSDALE, Ariz., July 24, 2026 /PRNewswire/ — As the global Bitcoin community debates Bitcoin Improvement Proposal 110 (BIP-110) and the future of data stored on the Bitcoin blockchain, PointsKash, Inc. today announced that its next-generation kiosk infrastructure was intentionally designed to operate efficiently under any outcome of the proposal.

Rather than storing operational data directly on the Bitcoin blockchain, PointsKash utilizes a layered architecture that combines Bitcoin‘s unmatched security with modern decentralized communications technology. Every transaction, machine event, system update, and operational record generated across the PointsKash network is cryptographically verified, securely maintained off-chain, and anchored to the Bitcoin blockchain through a single immutable cryptographic proof.

This approach allows thousands of operational events to be permanently verified while utilizing only a minimal amount of blockchain data.

As discussion surrounding BIP-110 has intensified across the digital asset industry, PointsKash believes the debate does not require choosing between innovation and responsible blockchain stewardship.

“The industry has been debating whether businesses can build meaningful applications on Bitcoin without unnecessarily consuming blockchain space,” said Michael Herron, Chief Executive Officer of PointsKash. “We believe we’ve demonstrated that the answer is yes. Bitcoin provides the world’s most trusted immutable timestamp and security layer, while higher-volume operational data belongs on technologies specifically designed to manage it. By combining both, we’ve built an architecture that is scalable, transparent, and future-ready regardless of how the BIP-110 discussion ultimately evolves.”

The company’s infrastructure assigns every kiosk its own unique cryptographic identity, allowing each machine to securely authenticate every transaction and operational event. Those records are then independently verifiable through cryptographic proofs while remaining resistant to alteration or manipulation—even by PointsKash itself.

According to the company, this architecture delivers several significant advantages:

Mathematically verifiable transaction records for regulators, banking partners, auditors, and enterprise customers.Improved network reliability, allowing kiosks to continue operating during temporary connectivity interruptions without losing transaction history.Enhanced cybersecurity, with every machine maintaining its own authenticated identity and secure communications.A scalable blockchain architecture that minimizes on-chain data while preserving complete auditability.

Bitcoin was created to provide trust, security, and permanence—not to become a storage system for every piece of application data,” Herron added. “Our philosophy has always been simple: use Bitcoin for what it does better than anyone else—creating immutable proof that records have never been altered—and leverage modern decentralized technologies for everything else. We believe that’s the future of enterprise blockchain infrastructure.”

PointsKash believes this architecture positions the company among a new generation of fintech innovators utilizing Bitcoin as a secure trust layer while developing scalable financial applications for enterprise deployment.

The technology also establishes the foundation for future blockchain-based financial products currently under development, including enhanced digital audit capabilities, verifiable financial records, enterprise licensing opportunities, and next-generation digital asset infrastructure.

As the Bitcoin ecosystem continues to mature, PointsKash believes its technology demonstrates that responsible innovation and blockchain scalability can successfully coexist—providing enterprise organizations with the confidence to build on Bitcoin without contributing unnecessary data to the network.

About PointsKash, Inc.

PointsKash, Inc. is a financial technology company developing an integrated ecosystem of AI-enabled self-service financial centers, digital banking, digital payment solutions, cryptocurrency services, loyalty rewards, enterprise merchant technologies, and mobile financial applications. Through proprietary software, Artificial Intelligence, and strategic partnerships, PointsKash is building innovative financial solutions designed to empower consumers, merchants, and enterprise organizations throughout North America.

For more information, visit www.pointskash.com.

Media Contact

PointsKash, Inc.
Investor Relations
info@pointskash.com
www.pointskash.com

Forward-Looking Statements

This press release contains forward-looking statements regarding anticipated technology integrations, Artificial Intelligence initiatives, product development, future commercialization plans, expected operational efficiencies, business strategy, and future growth. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect actual results include, but are not limited to, technology development timelines, integration efforts, financing, regulatory developments, market conditions, and other risks facing the Company. PointsKash undertakes no obligation to update any forward-looking statements except as required by applicable law.

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SOURCE PointsKash Inc.

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