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The global hazardous location LED lighting market stood at a value of around USD 536.31 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.7% to reach USD 1139.91 million by 2032.
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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.
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 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.
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By class, the industry can be segmented into:
Based on device type, the industry can be categorised into:
On the basis of end user industry, the market can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Class |
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Breakup by Device Type |
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Breakup by End User Industry |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global hazardous location LED lighting market attained a value of nearly USD 536.31 million.
The market is projected to grow at a CAGR of 8.7% between 2024 and 2032.
The major market drivers include the high demand for LED lights, surging offshore activities, and the introduction of various reforms which mandate LED lights manufactures to adhere to industry standards and procedures.
The key trends guiding the market growth include the increasing demand for energy efficient and cost-effective LED lighting solutions and stringent government regulations to reduce energy consumption.
The major regions in the hazardous location LED lighting are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various segments based on class of hazardous location LED lighting considered in the market report are class I, class II, and class III.
The significant device types considered in the market report are zone 0, zone 20, zone 1, zone 21, zone 2, and zone 22.
The major end user industries of hazardous location LED lighting are oil and gas, petrochemical, industrial, power generation, pharmaceutical, and processing, among others.
The major players in the market are Nemalux Inc., CESPEX Lighting Co., Ltd, Munira lighting, DCD Technologies Inc., Luceco plc, and Warom Technology Incorporated Company, among others.
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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