Explosion Proof Lighting Market Forecasts to 2028 – Global Analysis By Application (Electricity, Emergency, Residential), End User (Airport, Chemical, Manufacturing Facilities, Military Bases & Public Safety) and By Geography
According to Stratistics MRC, the Global Explosion Proof Lighting Market is accounted for $318.65 million in 2020 and is expected to reach $621.08 million by 2028 growing at a CAGR of 8.7% during the forecast period. The growing adoption of explosion-proof LED light fixtures and increasing investments in major end-user industries are the factors driving the market growth. However, the lack of common open standards is hampering market growth.
Explosion Proof lights are also called as hazard location lights. Explosion-proof lights are designed in such a way so that they can isolate sparks within the unit to prevent explosions from escaping. The light source provided by this explosion proof lighting is LED lighting, high-intensity discharge lighting, and fluorescent lighting.
Based on the light type, the light emitting diodes (LEDs) segment is going to have lucrative growth during the forecast period due to the increasing number of industrial facilities is expected to influence the penetration of LEDs for explosion-proof lighting application. LEDs are the most energy-efficient lighting options and can be used to drastically reduce the overall operating cost in industrial facilities.
By geography, Asia Pacific is going to have high growth during the forecast period due to the high industrial and infrastructure growth in the region and growing demand for energy-efficient lighting technologies. In the APAC region, the number of industrial facilities is increasing significantly as raw materials are easily available in Asian countries such as India and China.
Some of the key players profiled in the Explosion Proof Lighting Market include ABB Ltd, Abtech Ltd, Adolf Schuch GmbH, Brite Strike Technologies SA, Chamlit Lighting UK, Eaton Corporation Plc, GE Lighting, Hatch Transformers, Hubbell Ltd, Larson Electronics, Nordland Lighting, Osram Sylvania, Philips Lighting Holding, Victor Lighting, and Zhejiang Tormin Electrical Co. Ltd.
Estimated Market Size in 2020:
USD 318.65 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 621.08 million
Tables, Graphs& Figures
Light Type, Type, Certification, American Standard, European Standard, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Light Types Covered:
• High Intensity Discharge (HID) Light
• Incandescent Light
• Light Emitting Diodes (LEDs)
• Fixed Lighting
• High Bay & Low Bay
• Lighting Bulbs
• Mobile Lighting
• Specialty, Panel and Miscellaneous
• Small & Portable Lighting
• ATEX (Atmosphere Explosible)
• IEC (Import Export Code)
• NEC/CEC (National Electrical Code/Canadian Electrical Code)
American Standards Covered:
• Division (Qualitative)
European Standards Covered:
• Combustible Dust
• Explosive Gas
• Consumer Portable
End Users Covered:
• Chemical & Pharmaceutical
• Construction & Job Sites
• Energy & Power Plants/Power Generation
• Food & Beverage
• Manufacturing Facilities
• Marine/Ship Yard
• Military Bases & Public Safety
• Oil & Gas
• Oil Platforms
• Pump Stations
• Transportation Facilities
• Water & Waste Water
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Explosion Proof Lighting Market is majorly driven by increasing investments in major end-user industries, government regulations regarding employee safety in hazardous environments, and growing focus of governments worldwide on energy conservation.
The chemical & pharmaceutical segment is growing at a highest CAGR due to the increasing investments and rapid growth in emerging economies.
North America dominated with a significant market share due to the increasing investments in the oil & gas industry and presence of major players in the region
Asia Pacific market is growing at a highest CAGR due to the increase in mining infrastructure development activities in India and increasing investments from various end use industries.
Key players in Explosion Proof Lighting Market include ABB Ltd, Abtech Ltd, Adolf Schuch GmbH, Brite Strike Technologies SA, Chamlit Lighting UK, Eaton Corporation Plc, GE Lighting, Hatch Transformers, Hubbell Ltd, Larson Electronics, Nordland Lighting, Osram Sylvania, Philips Lighting Holding, Victor Lighting, and Zhejiang Tormin Electrical Co. Ltd.
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