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Explosion-proof Lighting Market Size

Report ID: GMI10934
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Published Date: August 2024
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Report Format: PDF

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Explosion-proof Lighting Market Size

Explosion-proof Lighting Market size was valued at USD 436.8 million in 2023 and is expected to grow at a CAGR of over 8% between 2024 and 2032. The global oil & gas industry is a major end-user of explosion-proof lighting, as the extraction, processing, and transportation of oil & gas involve highly flammable and explosive materials.

 

Explosion-proof Lighting Market

The ongoing exploration of new oil & gas reserves, particularly in regions such as the Middle East, Africa, and North America, is fueling the demand for explosion-proof lighting to ensure safe operations in these hazardous environments. The industry's growth directly correlates with the increased need for robust lighting solutions that can withstand extreme conditions.
 

The evolution of LED technology has played a pivotal role in the growth of the explosion-proof lighting market. LED lighting offers several advantages over traditional lighting, including higher energy efficiency, longer lifespan, better durability, and lower heat output, making it ideal for use in hazardous environments. Developing advanced LED lighting solutions designed to meet explosion-proof standards has led to wider adoption across various industries, further propelling market growth.
 

For instance, as of July 2024, it has been noted in the modern industrial sector that the widespread use of automation technology is reshaping production processes, making efficiency and safety top priorities for businesses. As an essential component of automated equipment, THT-EX LED explosion-proof lights play a crucial role in this transformation. Whether in semiconductor manufacturing, automated warehouses, or high-temperature environments, THT-EX LED explosion-proof lights provide stable and reliable lighting solutions. They are also explosion-proof with battery backup LED lights to ensure the production line can continue safely even in the event of a power outage.
 

One of the significant challenges in the explosion-proof lighting market is the high initial cost of these specialized lighting solutions. The rigorous certification processes, robust materials, and advanced technologies used in explosion-proof lighting drive up costs, making them significantly more expensive than standard lighting solutions. Additionally, the maintenance of these lighting systems can be complex and costly, particularly in remote or difficult-to-access locations. These factors can be a barrier to adoption, especially for smaller companies or industries with tight budgets.
 

Authors: Suraj Gujar, Deeksha Vishwakarma
Frequently Asked Question(FAQ) :
Who are the leading explosion-proof lighting market players?
Emerson Electric Co., Eaton Corporation plc, Hubbell Incorporated, ABB Ltd, Glamox AS, Signify, and GE Current.
What is the explosion-proof lighting industry worth in North America?
Why is the demand for high bay & low bay explosion-proof lighting growing?
How big is the explosion-proof lighting market?
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    Report Content

    Chapter 1   Methodology & Scope

    1.1    Market scope & definition

    1.2    Base estimates & calculations

    1.3    Forecast calculation

    1.4    Data sources

    1.4.1    Primary

    1.4.2    Secondary

    1.4.2.1    Paid sources

    1.4.2.2    Public sources

    Chapter 2   Executive Summary

    2.1    Industry 3600 synopsis, 2021 - 2032

    Chapter 3   Industry Insights

    3.1    Industry ecosystem analysis

    3.2    Vendor matrix

    3.3    Profit margin analysis

    3.4    Technology & innovation landscape

    3.5    Patent analysis

    3.6    Key news and initiatives

    3.7    Regulatory landscape

    3.8    Impact forces

    3.8.1    Growth drivers

    3.8.1.1    Stringent safety regulations and standards

    3.8.1.2    Expansion of the oil & gas industry

    3.8.1.3    Advancements in LED technology

    3.8.1.4    Growing demand from emerging markets

    3.8.1.5    Increased investment in renewable energy projects

    3.8.2    Industry pitfalls & challenges

    3.8.2.1    High initial costs and maintenance

    3.8.2.2    Limited awareness in developing regions

    3.9    Growth potential analysis

    3.10    Porter’s analysis

    3.10.1    Supplier power

    3.10.2    Buyer power

    3.10.3    Threat of new entrants

    3.10.4    Threat of substitutes

    3.10.5    Industry rivalry

    3.11    PESTEL analysis

    Chapter 4   Competitive Landscape, 2023

    4.1    Introduction

    4.2    Company market share analysis

    4.3    Competitive positioning matrix

    4.4    Strategic outlook matrix

    Chapter 5   Market Estimates & Forecast, By Type, 2021-2032 (USD Million & Units)

    5.1    Key trends

    5.2    High bay & low bay

    5.3    Linear

    5.4    Flood

    Chapter 6   Market Estimates & Forecast, By Light Source, 2021-2032 (USD Million & Units)

    6.1    Key trends

    6.2    LED

    6.3    Fluorescent

    6.4    Incandescent

    6.5    High-Intensity discharge (HID)

    Chapter 7   Market Estimates & Forecast, By Zone Classification, 2021-2032 (USD Million & Units)

    7.1    Key trends

    7.2    Zone 0

    7.3    Zone 1

    7.4    Zone 2

    7.5    Others

    Chapter 8   Market Estimates & Forecast, By End Use Industry, 2021-2032 (USD Million & Units)

    8.1    Key trends

    8.2    Oil & gas

    8.3    Mining

    8.4    Chemical & pharmaceutical

    8.5    Marine

    8.6    Food & beverage

    8.7    Energy & power

    8.8    Others

    Chapter 9   Market Estimates & Forecast, By Region, 2021-2032 (USD Million & Units)

    9.1    Key trends

    9.2    North America

    9.2.1    U.S.

    9.2.2    Canada

    9.3    Europe

    9.3.1    UK

    9.3.2    Germany

    9.3.3    France

    9.3.4    Italy

    9.3.5    Spain

    9.3.6    Rest of Europe

    9.4    Asia Pacific

    9.4.1    China

    9.4.2    India

    9.4.3    Japan

    9.4.4    South Korea

    9.4.5    ANZ

    9.4.6    Rest of Asia Pacific

    9.5    Latin America

    9.5.1    Brazil

    9.5.2    Mexico

    9.5.3    Rest of Latin America

    9.6    MEA

    9.6.1    UAE

    9.6.2    South Africa

    9.6.3    Saudi Arabia

    9.6.4    Rest of MEA

    Chapter 10   Company Profiles

    10.1    ABB Ltd.

    10.2    Adolf Schuch GmbH

    10.3    Airfal International

    10.4    Eaton Corporation

    10.5    Emerson

    10.6    GE Current

    10.7    Glamox

    10.8    Hubbell

    10.9    Iwasaki Electric

    10.10    Larson Electronics

    10.11    LDPI Inc.

    10.12    Nordland Lighting

    10.13    Norka

    10.14    Phoenix Lighting

    10.15    Raytec

    10.16    Shenzhen CESP Co., Ltd.

    10.17    Signify

    10.18    Unimar Inc

    10.19    Worksite Lighting

    10.20    Zhejiang Tormin Electrical Co., Ltd.

    Authors: Suraj Gujar, Deeksha Vishwakarma
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    Base Year: 2023

    Companies covered: 20

    Tables & Figures: 218

    Countries covered: 21

    Pages: 210

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