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but if there is the same incident energy of 20 cal/cm2 in 16.67 ms(1 cycle), that is an arc blast which can have pressure of tens of thousands of pounds per square feet, shrapnel from such blast can fly at more than 700 mph & sound waves can exceed 160 dB. And we must remember that we don't have equations to deal with arc blast pressure.
With you so far on the "correction factor" to some degree but this part is not true. Let's break it down into a claimed pressure, speed, and sound argument. In terms of sound that sounds pretty loud but I can't verify it one way or another but the other things are very far fetched.
In say a 36"x36"x36" enclosure, we'd have 27 cubic feet of air. One cubic foot of air weighs about 0.08 lbs., so we have a mere 0.08*27 or about 2 lbs. of air in a fairly large medium voltage enclosure, and not all of that air is going to be pushing a projectile. It's honestly just not enough mass to really do much of anything, much less push it to a speed higher than the speed of sound especially when the pressure dissipates very quickly.
It is much more plausible and more likely that shrapnel could be propeled by magnetic forces. Plasma from arcs has been measured around 300-400 feet per second, which is around 200-300 MPH. This is pretty fast but nowhere near "over 700 MPH". Also, the material that is being magnetically accelerated is plasma which has virtually no mass. So I highly doubt that solid material can exceed the speed of the plasma being flung around near the arc core.
Finally there's the pressure argument of "10's of thousands of pounds per square foot", or roughly some multiple of 70 PSI (10,000/144 = 70). I highly doubt this for one simple reason. Military studies on the effect of concussive explosions on the human body show that starting around 20-35 PSI (depending on what study you read) causes a fatality by rupturing internal organs. Thus we would expect that if this were the case, we would find the number of fatalities due to arc blast to be extremely high, vastly exceeding the 10:1 ratio of serious injuries to fatalities that we see today, and the extent of both the damage to the victims and the surrounding area would be much worse than it is. Effectively an arc blast would not be survivable. But I can't point to a single arc flash fatality case that was not due to thermal burns.
Furthermore I doubt that even more than a few PSI (perhaps a few hundred pounds per square foot) is even possible for some simple reasons. Generally most industrial equipment flies apart with even small 1-3 PSI pressure rises. I've seen it several times from working around thermal processing equipment when occasionally due to poor maintenance and operating practices, it goes "poof" and things fly apart. The pressure per square inch turns rapidly into thousands of pounds of pressure on a given piece of equipment overall, but not necessarily per square foot. Measurements from pressure sensors top out at a few PSI at most. And again, no cases of people dying from rupturing internal organs. Arc blast is no different. Recent modelling efforts by CIGRE for arc resistant gear show that arc blast is all over with within 1-2 cycles and it is a linear pressure rise followed by a rapid pressure decrease once the equipment ruptures either along controlled pathways (as in arc resistant gear) or in an uncontrolled manner. Once the pressurized air is released, the pressure rise is done. And the pressures reported by their testing are on the order of a few PSI, not hundreds.
In other words, the purported danger from arc blast is totally overblown because quite simply, Lee's theoretical equation for arc blast is totally wrong. The major dangers from arc blast are loss of hearing (ear drums blow out at around 1 PSI), and being knocked off your feet/into another object/out of a manlift/bucket truck.
This is why I explain to most people that even though gas/oil/coal "explosions" (aka rapid combustion) can be very scary and you can have flames shooting over your head (and I have), and it can blow brick out (very weak in the transverse direction), blow large sheet metal seams apart, knock siding off a building, and rapidly converting square ductwork into round ductwork, the actual amount of pressure (PSI) required is really not that large and that most industrial equipment is so "open" relatively speaking that there is a far greater hazard from a blow out while putting air in a truck tire than there is from large industrial burners. That's not to say that uncontrolled fire or any of the other effects I've just described is a good thing because it's not. Its just to say that its not as bad as what it sounds like, and when the electrical equipment can easily fit inside the thermal equipment with room to spare, it's not as big of a threat as it sounds like.