The global explosion-proof lighting market is anticipated to grow at a significant CAGR of around 6.7% during the forecast period (2021-2027). The explosion-proof lightings which are also known as hazards location lights designed to offer extensive illumination in the hazardous location where there are high chances of explosion. The stringent regulation towards the safety of workers in the remote and hazardous work environment is the major factor creating the demand for explosion-proof lightings. The explosion-proof lightings found their major applications in end-user industries such as oil & gas, mining, marine, food & beverages, transportation, chemical & pharmaceuticals, among others. Among these, the oil & gas industry is the major end-user of explosion-proof lighting systems. The increasing investments in oil & gas offshore projects globally are further projected to increase the demand for explosion-proof lightings. Moreover, the rapid transition from traditional light systems to connected lighting solutions coupled with high efficiency and low maintenance, and volatility in raw material cost for lighting systems are the factors due to which their adoption is increasing in various end-user industries.
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However, the high initial cost of explosion-proof lighting systems is a major concern that may hinder the market growth. The cost of an explosion-proof lighting system is 10 times higher than compared to the fluorescent light. The advancement in cost-effective and wireless explosion-proof lighting can offer lucrative opportunities in the market during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Explosion-Proof Lighting Market Report Segment
By Type
- Fixed Lighting
- Mobile Lighting
- Small & Portable Lighting
By Light Type
- Incandescent
- Fluorescent
- LED
- HID
By End-User
- Oil & Gas
- Mining
- Food & Beverage
- Manufacturing & Power Plant
- Chemical & Pharmaceutical
- Others (Transportation, Military Bases)
Global Explosion-Proof Lighting Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Explosion-Proof Lighting market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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