Reports
Sale
Global Hazardous Location LED Lighting Market Size, Growth: By Class: Class I, Class II, Class III; By Device Type: Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, Zone 22; By End User Industry: Oil and Gas, Petrochemical, Industrial, Power Generation, Pharmaceutical, Processing, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Hazardous Location LED Lighting Market Outlook
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Key Highlights of the Report
| 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:
|
| Breakup by Class |
|
| Breakup by Device Type |
|
| Breakup by End User Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Hazardous Location LED Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global Hazardous Location LED Lighting Historical Market (2018-2023)
8.3 Global Hazardous Location LED Lighting Market Forecast (2024-2032)
8.4 Global Hazardous Location LED Lighting Market by Class
8.4.1 Class I
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Class II
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Class III
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Hazardous Location LED Lighting Market by Device Type
8.5.1 Zone 0
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Zone 20
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Zone 1
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Zone 21
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Zone 2
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Zone 22
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.6 Global Hazardous Location LED Lighting Market by End User Industry
8.6.1 Oil and Gas
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Petrochemical
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Power Generation
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Pharmaceutical
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Processing
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Hazardous Location LED Lighting Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Hazardous Location LED Lighting Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hazardous Location LED Lighting Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hazardous Location LED Lighting Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hazardous Location LED Lighting Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hazardous Location LED Lighting Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nemalux Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 CESPEX Lighting Co., Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Munira lighting
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 DCD Technologies Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Luceco plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Warom Technology Incorporated Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hazardous Location LED Lighting Market: Key Industry Highlights, 2018 and 2032
2. Global Hazardous Location LED Lighting Historical Market: Breakup by Class (USD Million), 2018-2023
3. Global Hazardous Location LED Lighting Market Forecast: Breakup by Class (USD Million), 2024-2032
4. Global Hazardous Location LED Lighting Historical Market: Breakup by Device Type (USD Million), 2018-2023
5. Global Hazardous Location LED Lighting Market Forecast: Breakup by Device Type (USD Million), 2024-2032
6. Global Hazardous Location LED Lighting Historical Market: Breakup by End-User Industry (USD Million), 2018-2023
7. Global Hazardous Location LED Lighting Market Forecast: Breakup by End-User Industry (USD Million), 2024-2032
8. Global Hazardous Location LED Lighting Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Hazardous Location LED Lighting Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Hazardous Location LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Hazardous Location LED Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Hazardous Location LED Lighting Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The global hazardous location LED lighting market attained a value of USD 536.31 million in 2023, 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 2024-2032, growing at a CAGR of 8.7%.
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.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER