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Global Hazardous Location LED Lighting Market: By Class: Class I, Class II, Class III; By Device Type; By End User Industry; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Hazardous Location LED Lighting Market Outlook

The global hazardous location LED lighting market stood at a value of around USD 417.1 million in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.74% to reach USD 689.5 million by 2026.

 

Global Hazardous Location LED Lighting Market

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The Oil and Gas Industry to Significantly Drive the Demand for Hazardous Location LED Lighting in the Forecast Period

The oil and gas industry is one of the primary end users of hazardous location LED lighting. Rigs used for offshore drilling require hazardous location LED lighting systems. In various locations such as offshore platforms, processing facilities, and petroleum refineries, these systems are in high demand.

This surge in demand can be attributed to the fact that mixtures of gases in the oil and gas industry can cause life-threatening explosions, and, thus, ensuring safety in such an environment is extremely important. As an unsafe lighting system can be one of the most common sources of ignition, there is a demand for high quality hazardous location LED lighting systems in the oil and gas industry.

 

North America Secured the Largest Market Share and is Anticipated to Retain its Dominance in the Hazardous Location LED Lighting Industry

Geographically, North America is predicted to dominate the hazardous location LED lighting industry during the forecast period due to the introduction of various reforms, which mandate LED lights manufactures to adhere to industry standards and procedures. The lighting systems in the region are manufactured following the regulations around the use of specific equipment in hazardous standards, such as NEC, IEC, and other regional regulations, which has been a key contributor to the market growth. Moreover, the increased offshore activities and the growing oil and gas industry in the region are expected to further enhance the demand for hazardous location LED lighting.

 

Hazardous Location LED Lighting: Market Segmentation

Hazardous location lighting is a system or light fixture that can withstand extreme conditions and ensure safety in locations requiring LED lighting. Hazardous locations are defined as locations where combustible or flammable dust, metals, gases, and vapours, among others, are present in high quantities.

 

Global Hazardous Location LED Lighting Market by Segment

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By class, the industry can be segmented into:

  • Class I
  • Class II
  • Class III

Based on device type, the industry can be categorised into:

  • Zone 0
  • Zone 20
  • Zone 1
  • Zone 21
  • Zone 2
  • Zone 22

On the basis of end user industry, the market can be segmented into:

  • Oil and Gas 
  • Petrochemical 
  • Industrial 
  • Power Generation 
  • Pharmaceutical
  • Processing
  • Others 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Hazardous Location LED Lighting Market by Region

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Rapid Industrialisation and the Favourable Government Regulations to Bolster the Growth of the Global Hazardous Location LED Lighting Industry

The global market for hazardous location LED lighting has been growing considerably for the last few years. The stringent government regulations around products used in hazardous areas and safe installation of electrical wiring and equipment to prevent accidents and promote safe electrical practices are aiding the industry. Factories dealing with the application of delicate particulate matter, fireworks, and others require maximum safety, which is driving the demand for hazardous location LED lighting. Moreover, the increasing demand for energy-efficient and cost-effective LED lighting solutions is expected to further propel the market growth in the forecast period.

 

Key Industry Players in the Global Hazardous Location LED Lighting Market

The report gives a detailed analysis of the following key players in the global hazardous location led lighting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Nemalux Inc.
  • CESPEX Lighting Co., Ltd
  • Munira lighting
  • DCD Technologies Inc.
  • Luceco plc
  • Warom Technology Incorporated Company
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Class, Device Type, End User Industry, Region
Breakup by Class Class I, Class II, Class III
Breakup by Device Type Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, Zone 22
Breakup by End User Industry Oil and Gas, Petrochemical, Industrial, Power Generation, Pharmaceutical, Processing, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nemalux Inc., CESPEX Lighting Co., Ltd, Munira lighting, DCD Technologies Inc., Luceco plc, Warom Technology Incorporated Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hazardous Location LED Lighting Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hazardous Location LED Lighting Historical Market (2017-2021) 
    8.3    Global Hazardous Location LED Lighting Market Forecast (2022-2027)
    8.4    Global Hazardous Location LED Lighting Market by Class
        8.4.1    Class I
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Class II
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Class III
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Hazardous Location LED Lighting Market by Device Type
        8.5.1    Zone 0
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Zone 20
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Zone 1
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Zone 21
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Zone 2
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Zone 22
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
    8.6    Global Hazardous Location LED Lighting Market by End User Industry
        8.6.1    Oil and Gas
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Petrochemical
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Industrial
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Power Generation
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Pharmaceutical
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Processing
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Others
    8.7    Global Hazardous Location LED Lighting Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Nemalux Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    CESPEX Lighting Co., Ltd
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Munira lighting
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    DCD Technologies Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Luceco plc
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Warom Technology Incorporated Company
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Hazardous Location LED Lighting Market: Key Industry Highlights, 2016 and 2026
2.    Global Hazardous Location LED Lighting Historical Market: Breakup by Class (USD Million), 2017-2021
3.    Global Hazardous Location LED Lighting Market Forecast: Breakup by Class (USD Million), 2022-2027
4.    Global Hazardous Location LED Lighting Historical Market: Breakup by Device Type (USD Million), 2017-2021
5.    Global Hazardous Location LED Lighting Market Forecast: Breakup by Device Type (USD Million), 2022-2027
6.    Global Hazardous Location LED Lighting Historical Market: Breakup by End-User Industry (USD Million), 2017-2021
7.    Global Hazardous Location LED Lighting Market Forecast: Breakup by End-User Industry (USD Million), 2022-2027
8.    Global Hazardous Location LED Lighting Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Hazardous Location LED Lighting Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Hazardous Location LED Lighting Market Structure

Key Questions Answered in the Report

In 2020, the global hazardous location LED lighting market attained a value of nearly USD 417.1 million.

The market is projected to grow at a CAGR of 8.74% between 2022 and 2027.

Increasing investments in major end user industries,  high demand for LED lights, increased offshore activities, growing oil and gas industry, and introduction of various reforms which mandate LED lights manufactures to adhere to industry standards and procedures are some of the major factors driving the market growth.

The key market trends guiding the growth of the industry include the increasing demand for energy efficient and cost effective LED lighting solutions and stringent government regulations.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

By class, the industry can be segmented into class I, class II, and class III.

Oil and gas, petrochemical, industrial, power generation, pharmaceutical, and processing, among others are the significant end users of the product in the market.

Zone 0, zone 20, zone 1, zone 21, zone 2, and zone 22 are the significant device types in the industry.

The major players in the industry are  Nemalux Inc., CESPEX Lighting Co., Ltd, Munira lighting, DCD Technologies Inc., Luceco plc, and Warom Technology Incorporated Company, among others.

Analyst Review

The global hazardous location LED lighting market attained a value of USD 417.1 million in 2020, driven by the increasing investments in major end user industries. Aided by increasing demand for energy efficient and cost effective LED lighting solutions and growing oil and gas industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 8.74%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By class, the industry can be segmented into class I, class II, and class III. Based on its device type, the global hazardous location LED lighting industry can be segmented into zone 0, zone 20, zone 1, zone 21, zone 2, and zone 22. Based on end users, the global hazardous location LED lighting industry can be segmented into oil and gas, petrochemical, industrial, power generation, pharmaceutical, and processing, among others. The major regional markets for global hazardous location LED lighting market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include  Nemalux Inc., CESPEX Lighting Co., Ltd, Munira lighting, DCD Technologies Inc., Luceco plc, and Warom Technology Incorporated Company, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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