Global Hazardous Location Lighting Market Size By Type (LED, Fluorescent, Incandescent), By Application (Oil And Gas, Mining And Steel, Railway), By Geographic Scope And Forecast
Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Hazardous Location Lighting Market Size By Type (LED, Fluorescent, Incandescent), By Application (Oil And Gas, Mining And Steel, Railway), By Geographic Scope And Forecast
Hazardous Location Lighting Market Size And Forecast
Hazardous Location Lighting Market size was valued at USD 123.22 Million in 2024 and is projected to reach USD 182.05 Million by the end of 2031, growing at a CAGR of 5.00% from 2024 to 2031.
Growing defense spending in various nations to facilitate military personnel with required safety equipment is further propelling the need for hazardous location lights. The Global Hazardous Location Lighting Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Hazardous Location Lighting Market Definition
A hazardous location Lighting is a light or fixture that is put in an area where hazardous materials may come into contact with lighting fixtures, potentially causing a fire. These materials could be fibers, gases, dust, or vapors, and they could be flammable, combustible, or ignitable. In some cases, electrical equipment may also pose a fire hazard. There are several classifications for hazardous places. The usage of space is divided into divisions, classes, and groups, each with its own set of norms and restrictions. Understanding the differences allows lighting distributors to provide LED lighting alternatives tailored to dangerous areas within buildings.
Electric illumination was considered safer than all other luminous methods. However, there still lingered some valid concerns about the ignition potential of hot filaments in the open air in mine when bulbs are broken. According to an ignition test conducted by USBM, it was found that the exposed and electrified filament caused ignition in atmospheres with as little as 5% natural gas. This testing led to redesigning the bulb clip on mining lamps in a way to instantly disconnect the bulb from the power source and the filament allowed it to quickly cool, thus preventing ignition of the surrounding atmosphere.
Therefore, various tests and research aided in changes and advances in technology in lighting technology for hazardous locations. Presently, hazardous location lighting has advanced to its current state by using numerous proven safety techniques and widely available light source technology. Hazardous location lighting has further joined forces in the process of digitalizing industrial lighting technology, leading to the introduction of energy-efficient integrated light management solutions.
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Global Hazardous Location Lighting Market Overview
Hazardous location lighting has been shaping its demand in the global market owing to its capacity of operating and performing safely in all sorts of abnormally hazardous locations. Elaborately, industrial revolution 4.0 is getting extremely adopted in the global market. This has resulted in enormous application and development of sectors such as power & utility, steel, chemicals, petrochemicals, and oil & gas which is further changing the center of gravity for the world market. This revolution has led to the formation of various forms of hazardous areas that need adequate lighting systems as flammable gasses or vapors getting released.
Moreover, with the growing importance of workplace safety, governments from different nations have been working towards mandating the use of proper lighting in hazardous areas. Hazardous workplace conditions can vary differently which means a comprehensive rating system becomes necessary to ensure a safe work environment. As a result, the introduction of hazardous zones by NEC US and divisions by IEC along with various industry and regulatory standards including ATEX/IECEx/UL certification have been put in place. These standards define the criteria for designating a work area as hazardous and understanding which type of light is right for a specific workplace. Such stringent norms have been significantly contributing to enlarging the consumer base for hazardous location lights.
Hazardous location lights are predicted to be in high demand with the growing investments in significant end-user industries such as oil & gas, mining, steel manufacturing, and power. Additionally, rising risks of safety and security in public transportation including railways have further made the authorities think regarding the lighting and control measures required for safe working conditions. Along with this, growing defense spending in various nations to facilitate military personnel with required safety equipment is further propelling the need for hazardous location lights. However, growing concerns regarding the quality of diodes which is highly dependent on the ambient operating temperature are expected to pose several challenges for the manufacturers. Thus, market players are expected to overcome this shortcoming in several appropriate product launches.
On the contrary, increasing penetration of digitization with the advent of 5G, has been strongly influencing the adoption of IoT. This has resulted in a rapid shift towards connected lighting solutions from traditional lighting systems. This shift has been primarily supported by various advantages associated with connected hazardous location lighting solutions, such as improved luminance, increased energy efficiency, and cost savings in the long run. Such advancements have been significantly paving stellar growth opportunities for product innovations for hazardous location lights
The market size of hazardous location lighting stood at USD 956.65 million in 2021 and is projected to reach USD 1,453.21 million, by 2030. The market in the APAC region is projected to grow at the highest CAGR of 5.54% during the forecast period.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Hazardous Location Lighting Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Hazardous Location Lighting Market gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Hazardous Location Lighting MarketSegmentation Analysis
The Global Hazardous Location Lighting Market is Segmented on the basis of Type, Application, and Geography.
Hazardous Location Lighting Market, By Type
- LED
- Fluorescent
- Incandescent
- High Pressure Sodium
- Others
To Get Summarized Market Report By Type-
Based on Type, the market is segmented into LED, Fluorescent, Incandescent, High Pressure Sodium, and Others. The LED segment accounted for the largest market share of 65.63% in 2021, with a market value of USD 627.87 Million, and is projected to grow at a CAGR of 6.29% during the forecast period. LEDs are the most energy-efficient and long-lasting lighting alternatives. Governments across the globe are increasingly focusing on energy saving, which is fuelling the market growth. Governments in developed and developing regions have enacted strict rules requiring the use of LEDs in lighting applications. These laws also mandate manufacturers of lighting fixtures to achieve minimum lighting efficiency standards. As a result, there is a significant demand for hazardous location LED light fixtures. Fluorescent was the second-largest market in 2021, valued at USD 117.35 Million; it is projected to grow at the highest CAGR of 2.08%.
Hazardous Location Lighting Market, By Application
- Oil & Gas
- Mining & Steel
- Railway
- Power & Energy
- Military & Public Safety
- Others
To Get Summarized Market Report By Application-
Based on the Application, the market is segmented into Oil & Gas, Mining & Steel, Railway, Power & Energy, Military & Public Safety, and Others. The oil and gas industry held the major stake among end users segments of hazardous location LED lighting. Rigs used for offshore drilling need hazardous location LED lighting systems. These systems are in high demand in various locations, such as offshore platforms, processing facilities, and petroleum refineries. This swell in demand can be attributed to the fact that mixtures of gases in the oil and gas industry can induce life-threatening explosions. Thus, assuring safety in such an environment is extremely important. In the oil and gas business, there is a need for high-quality hazardous location LED lighting systems because an unsafe lighting system might be one of the most common sources of ignition.
Hazardous Location Lighting Market Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
To Get Summarized Market Report By Geography-
On the basis of Regional Analysis, the Global Hazardous Location Lighting Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is accounting for approximately 35.23% of the market share and generates a market value of USD 338.75 in 2021. The Asia Pacific region includes China, Japan, India, and the Rest of APAC. Another factor behind the Asia Pacific because of increase in significant investments that have been made in the oil and gas, chemical and pharmaceutical, mining, and maritime and shipbuilding industries in the region.
Regions like North America hold the second position in the market, owing to the increase in end-user application in the North American regions is driving huge demand for Hazardous Location Lighting products. The expansion of the Hazardous Location Lighting Market may be attributed to the rising up-gradation of existing infrastructure with modern systems and expanding infrastructural construction activities.
Key Players
The “Global Hazardous Location Lighting Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Eaton Corporation, Hubbell Incorporated, Emerson Electric Co., Signify Holding, Dialight Plc, AZZ Inc., Larson Electronics LLC, Nemalux Inc., Killark Electric Manufacturing Company, R. Stahl AG, Glamox ASA, Airfal International, WorkSite Lighting LLC, Western Technology Inc, and Duraline Lighting.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.