HAZARDOUS LOCATION LED LIGHTING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

The National Electrical Code and the Canadian Electrical Code are some of the regulations governing the use of hazardous location lighting. Both of these codes specify a series of requirements that must be met before a light is considered to be suitable for hazardous locations. The oil and gas industry is among the primary end users of hazardous location LED lighting. Explosions are a common occurrence in the industry, and safety is a top priority. Therefore, the need for high quality hazardous location LED lighting systems is a necessity. Many of the leading manufacturers in the industry have introduced various upgrades to their lighting offerings for hazardous locations.

Market Dynamics:

Manufacturers are increasing their focus on developing products that meet the requirements of the industry. Along with this, the increasing demand for energy efficient hazardous location LED lighting solutions and the increasing offshore activities are expected to further augment the demand for the hazardous location LED lighting systems. These factors are in turn expected to boost growth of the global hazardous location LED lighting market over the forecast period.

However, lack of common open standards and high cost of replacement of traditional lighting systems with LED lighting technology are the factors expected to limit growth of the global hazardous location LED lighting market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global hazardous location LED lighting market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global hazardous location LED lighting market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Worksite Lighting LLC, DCD Technologies ME FZCO, Azz Inc., Nemalux Inc., IKIO LED Lighting, Luceco Middle East FZCO, Glamox UK, WAROM Technology MENA FZCO, SA Equip, Shenzhen CESP Co. Ltd., Raytec Ltd., PROLUX International FZ LLC, Hilclare Lighting, Munira Lighting (AL Hatimi Trading FZE), Hubbell Limited, Emerson FZE (Emerson Electric Co.), Current Lighting Solutions LLC (GE Current), ABB Installation Products Inc., Larson Electronics LLC, R.Stahl Limited, Technology Co. Ltd., Digital Lumens Inc. (OSRAM), Dialight PLC, and Eaton Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global hazardous location LED lighting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hazardous location LED lighting market

Detailed Segmentation:

• Global Hazardous Location LED Lighting Market, By Class
  • Class-I
  • Class-II
  • Class-III
• Global Hazardous Location LED Lighting Market, By Device Type
  • Zone 0
  • Zone 20
  • Zone 1
  • Zone 21
  • Zone 2
  • Zone 22
• Global Hazardous Location LED Lighting Market, By End User Industry
  • Oil and Gas
  • Petrochemical
  • Industrial
  • Power Generation
  • Pharmaceutical
  • Processing
  • Other End user Industries
• Global Hazardous Location LED Lighting Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • DCD Technologies ME FZCO
  • Nemalux Inc.
  • Luceco Middle East FZCO
  • WAROM Technology MENA FZCO
  • Shenzhen CESP Co. Ltd
  • PROLUX International FZ LLC
  • Munira Lighting (AL Hatimi Trading FZE)
  • Emerson FZE (Emerson Electric Co.)
  • ABB Installation Products Inc.
  • R.Stahl Limited
  • Digital Lumens Inc. (OSRAM)
  • Eaton Corporation
  • Dialight PLC
  • Technology Co. Ltd
  • Larson Electronics LLC
  • Current Lighting Solutions LLC (GE Current)
  • Hubbell Limited
  • Hilclare Lighting
  • Raytec Ltd
  • SA Equip
  • Glamox UK
  • IKIO LED Lighting
  • Azz Inc
  • Worksite Lighting LLC