Typically, 4-20 mA are Art 725 Class II limited energy system, not "low voltage"
A class II circuit requires separation, even if wired with 300V or 600 volt rated insulation, see part II of Art 725 and 725.54 The power supply determines if its a class II system. You can introduce a Class II circuit into an enclosure or junction box for termination, but it has to be separated by a barrier and minimum of 1/4" maintained at terminals.
Also a Class II circuit can be reclassifed as Class 1 remote control and signaling circuit, and in that case its wired with a chapter 3 wiring method and can share the same enclosure, box or raceway with power and lighting if functionally related. I am camping at the ocean, wi-fi campground and don't have my NEC with me, so can't quote much else from memory.
Also, 4-20 mA is very immune to noise as its a twisted pair wiring, but the issue is the 4-20 ma devices can be damaged if the insulation fails or 120 volts is applied to the 4-20 "low voltage" equipment.