What is Hazardous Location LED Lights Market Scope?
LED stands for light-emitting diode. LED lighting products produce light up to 90% more efficiently than incandescent light bulbs in order to prevent performance issues, the heat LEDs produce is immersed into a heat sink. LED technology is becoming more and more popular in the explosion-proof market as a solution capable of radically changing the future of industrial lighting due to its characteristics of high luminous efficiency and low consumption (W). Encapsulation technology is relatively new to hazardous location-rated lighting, so many manufacturers and producers have longstanding specifications for flameproof (Ex d) lighting in these locations. The opportunity to use encapsulation-based protection is due to the inherent solid-state technology.
Influencing Trend:
LED lighting could witness increased adoption amongst cloud-based connected controls and Technology Advancement in hazardous location-rated lighting
Market Growth Drivers:
Rising Demand for Cost-effective and Energy-efficient LED Lighting Solutions and Growth of industries and several incidents of accidents due to the usage of flammables used for lighting
Challenges:
Hazardous locations require special lighting solutions to minimize the risk of explosions or fires.
Restraints:
High cost involved in complete revamp of the lighting in older factories
Opportunities:
Stringent Regulations Demanding the Stoppage of Other Harmful Lightings and Changes in regulatory standards favoring the use of energy-efficient lighting applications in all major end-user industries
The Hazardous Location LED Lights market study is being classified by Type (High Bays, Low Bays, Linear, Flood Lights, Jelly Jar, Temporary Lights, Ladder Mount and Others), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Manufacturers from United States and European will contribute to the maximum growth of Global Hazardous Location LED Lights market throughout the predicted period.
Appleton (Emerson Electric Co) (United Kingdom), Nemalux Inc. (Canada), Airfal (Spain), Dialight (United Kingdom), Eaton (Ireland), Rig-A-Lite (AZZ) (United States), Glamox (Norway), TOP HI-TECH (THT-EX) (United States), Raytec Ltd. (United Kingdom), Hubbell (United States), GE Current (United States), Atexor (United Kingdom), Larson Electronic (United States), Thomas & Betts (United States), Adolf Schuch GmbH (Germany), Stahl (Germany), Bartec Feam (Italy), Technor (MarechalElectric) (Italy) and Cortem Group (Italy) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Unique Lights (Netherlanda), Petrel Ltd (United Kingdom), ABTECH (United States), LDPI (United States) and KELLWOOD (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Hazardous Location LED Lights market by Type, Application and Region.
On the basis of geography, the market of Hazardous Location LED Lights has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In February 2023, Raytec has Launched New Range of Mid-power LED Lighting. Their newest offering is an exceptionally versatile range of mid-powered LED lighting.
In July 2023, Red Sky Lighting, a California-based lighting manufacturer, has launched of two new industrial LED lighting products with ATEX and IECEx certification. The products are designed to meet the needs of hazardous environments and offer increased energy savings and lower maintenance costs. This launch marks a significant milestone for the company as it expands beyond North America and enters the Middle East and European markets. By offering its innovative and reliable lighting solutions to customers in these regions, Red Sky Lighting is further establishing itself as a leading provider of Seriously Safe Lights for industrial applications worldwide.
The National Electric Code (NEC), International Electrotechnical Commission (IEC), and European Committee for Electrotechnical Standardization (CENELEC) standards govern the use of lighting in hazardous locations. For NEC used in the US, Class 1 Division 1 is equivalent to Zone 0 and Zone 1 locations identified by IECEx/ATEX.
Key Target Audience
Manufacturers of Hazardous Location Led Lights, Suppliers of Hazardous Location Led Lights, Wholesalers, Distributors and Retailers of Hazardous Location Led Lights, End-Use Industries, Potential Investors, Raw Material Providers and Others
Hazardous Location LED Lights Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Hazardous Location LED Lights Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Hazardous Location LED Lights industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.