Hazardous Location Lighting Market
Hazardous Location Lighting Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0330
Segments Covered
By
Type LED, Fluorescent, Incandescent, High Pressure Sodium, Others
-
By
Application Oil and Gas
Mining & Steel, Railway, Electricity, Military & Public Safety, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
416.5 Million |
 Revenue 2028:
|
689.32 Million |
 Revenue CAGR
(2021 - 2028): |
8.86 |
Fastest Growing Region (2022 -
2028)
|
Asia-pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type Analysis: Preview On the basis of Type,
the market is segmented into LED, Fluorescent, Incandescent, High Pressure Sodium, Others. LED held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of LED
in emerging economies in Asia Pacific region. Application
Analysis: Preview
Based on Application,
the market is segmented into Oil and Gas
Mining & Steel, Railway, Electricity, Military & Public Safety, Others. Railway accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Hazardous Location Lighting Market: Type Segment Analysis
-
- LED
- Fluorescent
- Incandescent
- High Pressure Sodium
- Others
Global Hazardous Location Lighting Market: Application Segment Analysis
-
- Oil and Gas Mining & Steel
- Railway
- Electricity
- Military & Public Safety
- Others
FAQ
Frequently Asked Question
What is the global demand for Hazardous Location Lighting in terms of revenue?
-
The global Hazardous Location Lighting valued at 416.5 Million in 2020 and is expected to reach 689.32 Million in 2028 growing at a CAGR of 8.86%.
Which are the prominent players in the market?
-
The prominent players in the market are Hubbell Incorporated, Unimar, Emerson Electric, Thomas & Betts Corporation (Abb), Acuity Brands, Nemalux, Lind Equipment, Azz Inc, Cree, Ge Lighting, Solas Ray Lighting (Continental Inc), Phoenix Products Company, Eaton,Ldpi, Dialight Corporation, Larson Electronics, Western Technology, Kenall Manufacturing..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8.86% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Hazardous Location Lighting include
- Investments made by the government and corporations for expansion of certain industries such as Chemical, Pharmaceutical Plant. This is driving factor for Hazardous Location Lighting Market.
- Manufacturers dealing with the processing of dangerous particulate matter like fireworks reduce the risk of the explosive effect from spreading, deploying LED Lights for hazardous locations. This is another driving factor for Hazardous Location Lighting Market.
Which region accounted for the largest share in the market?
-
Asia-pacific was the leading regional segment of the Hazardous Location Lighting in 2020.
