- February 11, 2021
- Category: Electronics, Next Generation Electronics
Global Explosion-proof Lighting Market by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent and other), End-user Industry (Oil & Gas, Chemical & Pharmaceutical, Food & Beverage, Mining, Energy & Power, Others) and Hazardous location (Zone 1, Zone 2, Others), Regional Forecasts 2021-2027
Chapter 1.Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million) 1.2.1. Explosion-proof lighting Market , by Region, 2019-2027 (USD Million) 1.2.2. Explosion-proof lighting Market, by Type, 2019-2027 (USD Million) 1.2.3. Explosion-proof lighting Market, by light Source, 2019-2027 (USD Million) 1.2.4. Explosion-proof lighting Market , by End Use industry, 2019-2027 (USD Million) 1.2.5. Explosion-proof lighting Market , by Hazardous Location, 2019-2027 (USD Million) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Explosion-proof lighting Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Explosion-proof lighting Market Dynamics 3.1. Explosion-proof lighting Market Impact Analysis (2019-2027) 3.1.1. Market Drivers 188.8.131.52. Growing adoption of explosion-proof LED light 184.108.40.206. Government regulations regarding employee safety in harmful environments 220.127.116.11. Increasing investments in major end-user industries 3.1.2. Market Restraint 18.104.22.168. Lack of common open standards 3.1.3. Market Opportunities 22.214.171.124. Growing focus of governments worldwide on energy conservation Chapter 4. Global Explosion-proof lighting Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Explosion-proof lighting Market , by Type 5.1. Market Snapshot 5.2. Global Explosion-proof lighting Market by Product Type, Performance - Potential Analysis 5.3. Global Explosion-proof lighting Market Estimates & Forecasts by type 2018-2027 (USD Million) 5.4. Explosion-proof lighting Market , Sub Segment Analysis 5.4.1. High Bay & Low Bay 5.4.2. Linear 5.4.3. Flood Chapter 6. Global Explosion-proof lighting Market , by light source 6.1. Market Snapshot 6.2. Global Explosion-proof lighting Market by light source, Performance - Potential Analysis 6.3. Global Explosion-proof lighting Market Estimates & Forecasts by light source 2018-2027 (USD Million) 6.4. Explosion-proof lighting Market , Sub Segment Analysis 6.4.1. LED 6.4.2. Fluorescent 6.4.3. Others Chapter 7. Global Explosion-proof lighting Market , by End Use Industry a. Market Snapshot 7.1. Global Explosion-proof lighting Market by End use industry, Performance - Potential Analysis 7.2. Global Explosion-proof lighting Market Estimates & Forecasts by End use industry 2018-2027 (USD Million) 7.3. Explosion-proof lighting Market , Sub Segment Analysis 7.3.1. Oil & Gas 7.3.2. Chemical & Pharmaceutical 7.3.3. Food & Beverage 7.3.4. Mining 7.3.5. Energy & Power 7.3.6. Others Chapter 8. Global Explosion-proof lighting Market , by Hazardous Location b. Market Snapshot 8.1. Global Explosion-proof lighting Market by Hazardous Location , Performance - Potential Analysis 8.2. Global Explosion-proof lighting Market Estimates & Forecasts by Hazardous Location 2018-2027 (USD Million) 8.3. Explosion-proof lighting Market , Sub Segment Analysis 8.3.1. Zone 1 8.3.2. Zone 2 8.3.3. Others Chapter 9. Global Explosion-proof lighting Market , Regional Analysis 9.1. Explosion-proof lighting Market , Regional Market Snapshot 9.2. North America Explosion-proof lighting Market 9.2.1. U.S. Explosion-proof lighting Market 126.96.36.199. Type breakdown estimates & forecasts, 2018-2027 188.8.131.52. Light Source breakdown estimates & forecasts, 2018-2027 184.108.40.206. End use Industry breakdown estimates & forecasts, 2018-2027 220.127.116.11. Hazardous Location breakdown estimates & forecasts, 2018-2027 9.2.2. Canada Explosion-proof lighting Market 9.3. Europe Explosion-proof lighting Market Snapshot 9.3.1. U.K. Explosion-proof lighting Market 9.3.2. Germany Explosion-proof lighting Market 9.3.3. France Explosion-proof lighting Market 9.3.4. Spain Explosion-proof lighting Market 9.3.5. Italy Explosion-proof lighting Market 9.3.6. Rest of Europe Explosion-proof lighting Market 9.4. Asia-Pacific Explosion-proof lighting Market Snapshot 9.4.1. China Explosion-proof lighting Market 9.4.2. India Explosion-proof lighting Market 9.4.3. Japan Explosion-proof lighting Market 9.4.4. Australia Explosion-proof lighting Market 9.4.5. South Korea Explosion-proof lighting Market 9.4.6. Rest of Asia Pacific Explosion-proof lighting Market 9.5. Latin America Explosion-proof lighting Market Snapshot 9.5.1. Brazil Explosion-proof lighting Market 9.5.2. Mexico Explosion-proof lighting Market 9.6. Rest of The World Explosion-proof lighting Market Chapter 10. Competitive Intelligence 10.1. Top Market Strategies 10.2. Company Profiles 10.2.1. Phoenix Products Company Inc. 10.2.1.1. Key Information 10.2.1.2. Overview 10.2.1.3. Financial (Subject to Data Availability) 10.2.1.4. Product Summary 10.2.1.5. Recent Developments 10.2.2. Hubbell Ltd. 10.2.3. Larson Electronics 10.2.4. Nordland Lighting 10.2.5. Zhejiang Tormin Electrical Co. Ltd. 10.2.6. R. STAHL, Inc. 10.2.7. Petro Middle East 10.2.8. Eaton 10.2.9. Brite Strike Technologies SA 10.2.10. Emerson Electric Co. Chapter 11. Research Process 11.1. Research Process 11.1.1. Data Mining 11.1.2. Analysis 11.1.3. Market Estimation 11.1.4. Validation 11.1.5. Publishing 11.2. Research Attributes 11.3. Research Assumption
Global Explosion-proof Lighting Market is valued approximately at USD 301.7 million in 2020 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2021-2027. Explosion-proof lights are designed to separate sparks inside the device, preventing fires from spreading. During an explosion, this greatly reduces the risk of the explosive reaction spreading or sparking volatile substances in the environment. Although the products have a thick casing that covers the lamps, it should be noted that they are not airtight. Due to the design of the light, gas is forced to take a long, complicated route through different paths and channels in order to cool down to a safe temperature. Furthermore, increase in government regulations relate to safe lighting and rising investment by end use industries are driving the market growth in upcoming years. The oil and gas industry is the primary end-user of explosion-proof lighting, as any failure or damage to assets caused by an explosion will result in increased costs. The demand for new explosion-proof lighting in the oil and gas industry is expected to increase as a result of several ongoing oil and gas projects around the world, which will drive market growth during the forecast period. For instance, many companies around the world are focused on the exploration and production of oil and gas assets. Moscow, Russia’s capital, is taking new measures to encourage the oil and gas industry’s development, with the goal of doubling petrochemical output to around 20 million metric tons per year by 2030. Kuwait signed a USD 600 million offshore exploration contract with Halliburton (US) in July 2019, which might raise Kuwait’s oil production capacity by 100,000 barrels per day. However, Lack of common open standards, may impede market growth over the forecast period of 2021-2027.
Geographically, Asia-Pacific is expected to account for a significant market share due to the high industrial and infrastructure growth in the region and growing demand for energy-efficient lighting technologies. Major investments have also been made in the oil and gas, chemical and pharmaceutical, mining, and marine and shipbuilding industries in the region. Although raw materials are easily accessible in Asian countries such as India and China, the number of industrial facilities in the APAC region is rapidly growing. Companies from all over the world are looking to invest and develop their industrial bases in the APAC region, as it is one of the world’s fastest-growing innovation centres.
Major market player included in this report are:
Phoenix Products Company Inc.
Zhejiang Tormin Electrical Co. Ltd.
R. STAHL, Inc.
Petro Middle East
Brite Strike Technologies SA
Emerson Electric Co.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
High Bay & Low Bay
By Light Source:
By End use Industries
Oil & Gas
Chemical & Pharmaceutical
Food & Beverage
Energy & Power
By hazardous Location:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Explosion-proof Lighting Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers