1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 29
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS 29
1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL 30
1.2.3 INCLUSIONS AND EXCLUSIONS AT TYPE LEVEL 30
1.2.4 INCLUSIONS AND EXCLUSIONS AT LIGHT SOURCE LEVEL 30
1.2.5 INCLUSIONS AND EXCLUSIONS AT HAZARDOUS LOCATION LEVEL 30
1.2.6 INCLUSIONS AND EXCLUSIONS AT SAFETY RATING LEVEL 31
1.2.7 INCLUSIONS AND EXCLUSIONS AT END-USER INDUSTRY LEVEL 31
1.2.8 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL 32
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 EXPLOSION-PROOF LIGHTING MARKET SEGMENTATION 32
1.3.2 GEOGRAPHIC SCOPE 33
1.3.3 YEARS CONSIDERED 33
1.4 CURRENCY 34
1.5 STAKEHOLDERS 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 EXPLOSION-PROOF LIGHTING MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 36
2.1.2 PRIMARY DATA 37
2.1.2.1 Key data from primary sources 37
2.1.2.2 Key participants in primary processes across value chain of explosion-proof lighting market 38
2.1.2.3 Key industry insights 38
2.1.2.4 Breakdown of primary interviews 39
2.1.3 SECONDARY AND PRIMARY RESEARCH 39
2.2 MARKET SIZE ESTIMATION 40
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM KEY MARKET PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET 40
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF EXPLOSION-PROOF LIGHTING MARKET,
BY LIGHT SOURCE 42
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach for capturing market size by bottom-up analysis 42
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Approach for capturing market size by top-down analysis 44
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44
2.3 MARKET SHARE ESTIMATION 44
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 45
FIGURE 8 DATA TRIANGULATION 45
2.5 RISK ASSESSMENT 46
TABLE 1 RISK FACTOR ANALYSIS 46
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS 47
2.6.1 ASSUMPTIONS 47
2.6.2 LIMITATIONS 48
3 EXECUTIVE SUMMARY 49
3.1 SCENARIO ANALYSIS 50
FIGURE 9 COMPARISON OF PRE- AND POST-COVID-19 SIZE OF EXPLOSION-PROOF LIGHTING MARKET, BY SCENARIO, 2017–2026 50
3.1.1 PRE-COVID-19 SCENARIO 50
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19) 50
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19) 51
3.1.4 REALISTIC SCENARIO (POST-COVID-19) 51
FIGURE 10 HIGH BAY & LOW BAY LIGHTS TO ACCOUNT FOR LARGEST SIZE OF EXPLOSION-PROOF LIGHTING MARKET IN 2021 51
FIGURE 11 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 52
FIGURE 12 EXPLOSION-PROOF LIGHTING MARKET IN CANADA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 53
FIGURE 13 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD 53
FIGURE 14 APAC TO REGISTER HIGHEST CAGR IN EXPLOSION-PROOF LIGHTING MARKET FROM 2021 TO 2026 54
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN EXPLOSION-PROOF LIGHTING MARKET 55
FIGURE 15 LED-BASED EXPLOSION-PROOF LIGHTS TO WITNESS HIGH ADOPTION DURING FORECAST PERIOD 55
4.2 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY 56
FIGURE 16 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SIZE
FROM 2021 TO 2026 56
4.3 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE 56
FIGURE 17 LARGEST MARKET SHARE WILL BE CAPTURED BY HIGH BAY & LOW BAY LIGHTS IN 2026 56
4.4 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION 57
FIGURE 18 ZONE 2 SEGMENT TO EXHIBIT HIGHEST CAGR IN EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD 57
4.5 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE AND REGION 57
FIGURE 19 NORTH AMERICA AND LED TO BE MOST FAVORABLE MARKETS IN 2026 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 20 EXPLOSION-PROOF LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Increasing investments in major end-user industries—oil & gas and chemical & pharmaceutical 59
TABLE 2 LIST OF UPCOMING OIL & GAS PROJECTS 59
5.2.1.2 Growing adoption of explosion-proof LED light fixtures owing to several advantages over conventional light sources 60
TABLE 3 FACTORS SUPPORTING ADOPTION OF LED LIGHTING SOLUTION 60
FIGURE 21 TOTAL COST OF OWNERSHIP FOR DIFFERENT LIGHT SOURCES
IN 2015 VS. 2020 61
5.2.1.3 Government regulations regarding employee safety in
hazardous environments 61
FIGURE 22 EXPLOSION-PROOF LIGHTING MARKET DRIVERS: IMPACT ANALYSIS 62
5.2.2 RESTRAINTS 63
5.2.2.1 High initial cost associated with deployment of explosion-proof
LED light fixtures 63
5.2.2.2 Lack of common open standards 63
TABLE 4 NORMS, LABELS, AND STANDARDS FOR LED LIGHTING TO BE FOLLOWED ACROSS INDUSTRIES 63
FIGURE 23 EXPLOSION-PROOF LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Rapid transition from traditional lighting systems to connected lighting solutions 64
5.2.3.2 Growing focus of governments worldwide on energy conservation 65
FIGURE 24 EXPLOSION-PROOF LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS 65
5.2.4 CHALLENGES 66
5.2.4.1 Difficulties in generating high revenue attributed to
COVID-19 pandemic 66
5.2.4.2 Supply chain disruptions caused due to outbreak of COVID-19 66
FIGURE 25 EXPLOSION-PROOF LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS 66
5.3 REVENUE SHIFT AND NEW REVENUE POCKETS FOR EXPLOSION-PROOF
LIGHTING MARKET PLAYERS 67
FIGURE 26 REVENUE SHIFT IN EXPLOSION-PROOF LIGHTING MARKET 67
5.4 PRICE TREND ANALYSIS 67
FIGURE 27 AVERAGE SELLING PRICES OF EXPLOSION-PROOF LIGHTING FIXTURES USING DIFFERENT LIGHT SOURCES, 2017–2026 67
5.5 REGULATORY LANDSCAPE 68
TABLE 5 RECENT REGULATORY NORMS 68
5.6 VALUE CHAIN ANALYSIS 69
FIGURE 28 VALUE CHAIN ANALYSIS: INPUT SUPPLIERS AND ORIGINAL
EQUIPMENT MANUFACTURERS ADD MAJOR VALUE TO EXPLOSION-PROOF LIGHTING CHAIN 69
5.7 ECOSYSTEM ANALYSIS 70
FIGURE 29 KEY PLAYERS IN EXPLOSION-PROOF LIGHTING ECOSYSTEM 70
TABLE 6 EXPLOSION-PROOF LIGHTING MARKET: ECOSYSTEM 71
5.8 PORTER’S FIVE FORCES ANALYSIS 72
FIGURE 30 EXPLOSION-PROOF LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS 72
TABLE 7 EXPLOSION-PROOF LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS 72
5.8.1 INTENSITY OF COMPETITIVE RIVALRY 73
FIGURE 31 INTENSITY OF COMPETITIVE RIVALRY TO BE HIGH DUE TO PRESENCE OF SEVERAL GIANT PLAYERS 73
5.8.2 THREAT OF SUBSTITUTES 74
FIGURE 32 THREAT OF SUBSTITUTES TO HAVE LOW IMPACT DURING FORECAST PERIOD DUE TO LOW QUALITY OF SUBSTITUTE PRODUCTS 74
5.8.3 BARGAINING POWER OF BUYERS 75
FIGURE 33 BARGAINING POWER OF BUYERS TO BE LOW DUE TO LIMITED
NUMBER OF SUBSTITUTES 75
5.8.4 BARGAINING POWER OF SUPPLIERS 76
FIGURE 34 BARGAINING POWER OF SUPPLIERS TO BE MODERATE DUE TO LIMITED PRODUCT DIFFERENTIATION 76
5.8.5 THREAT OF NEW ENTRANTS 77
FIGURE 35 THREAT OF NEW ENTRANTS TO HAVE LOW IMPACT ON MARKET DUE TO REQUIREMENT FOR HIGH CAPITAL 77
5.9 TECHNOLOGY ANALYSIS 78
TABLE 8 COMMON PROTOCOLS FOR LIGHTING CONTROL APPLICATIONS 78
5.10 TRADE ANALYSIS 79
TABLE 9 EXPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND) 79
TABLE 10 IMPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND) 80
5.11 CASE STUDY ANALYSIS 81
5.11.1 HUBBELL LIGHTS UP A NORTH SEA OPERATOR WITH ITS LATEST
PROTECTA X LED 81
5.11.2 PHOENIX SUPPLIES EXPLOSION-PROOF LIGHTS FOR RESEARCH
VESSEL RV VIRGINIA 81
5.11.3 DIALIGHT REDUCES PEPSICO’S ENERGY CONSUMPTION AND COSTS 82
6 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE 83
6.1 INTRODUCTION 84
FIGURE 36 LINEAR LIGHT FIXTURES TO EXPERIENCE FASTEST GROWTH
BETWEEN 2021 AND 2026 84
TABLE 11 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2017–2020 (USD MILLION) 84
TABLE 12 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2021–2026 (USD MILLION) 85
6.2 HIGH BAY & LOW BAY 85
6.2.1 EXCELLENT LUMEN OUTPUT AND HIGHLY DIRECTIONAL LIGHTING FOR HIGH CEILING APPLICATIONS ARE FACTORS FUELING DEMAND FOR HIGH BAY & LOW BAY LIGHT FIXTURES 85
TABLE 13 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS,
BY REGION, 2017–2020 (USD MILLION) 86
TABLE 14 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS,
BY REGION, 2021–2026 (USD MILLION) 86
6.3 LINEAR 87
6.3.1 RECENT DEVELOPMENTS IN EXPLOSION-PROOF LINEAR LIGHTING SPACE TO DRIVE MARKET GROWTH 87
TABLE 15 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2017–2020 (USD MILLION) 87
TABLE 16 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2021–2026 (USD MILLION) 87
6.4 FLOOD 88
6.4.1 INCREASING FOCUS OF END-USER INDUSTRIES ON ADOPTION OF ENERGY-EFFICIENT AND STURDY LIGHTING SOLUTIONS IN OUTDOOR ENVIRONMENTS TO PROMOTE MARKET GROWTH 88
TABLE 17 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2017–2020 (USD MILLION) 88
TABLE 18 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2021–2026 (USD MILLION) 88
7 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE 89
7.1 INTRODUCTION 90
FIGURE 37 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 90
TABLE 19 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE,
2017–2020 (USD MILLION) 90
TABLE 20 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 91
TABLE 21 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE,
2017–2020 (THOUSAND UNITS) 91
TABLE 22 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE,
2021–2026 (THOUSAND UNITS) 91
7.2 LED 92
7.2.1 LEDS ARE MOST ENERGY-EFFICIENT LIGHTING OPTIONS AND CAN
BE USED TO DRASTICALLY REDUCE OVERALL OPERATING COST IN INDUSTRIAL FACILITIES 92
TABLE 23 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION,
2017–2020 (USD MILLION) 92
TABLE 24 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION,
2021–2026 (USD MILLION) 92
7.3 FLUORESCENT 93
7.3.1 LOW COST OF FLUORESCENT LIGHT FIXTURES IS MAJOR FACTOR CONTRIBUTING TO ITS DEMAND IN HAZARDOUS LOCATION LIGHTING SOLUTIONS 93
TABLE 25 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS,
BY REGION, 2017–2020 (USD MILLION) 93
TABLE 26 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS,
BY REGION, 2021–2026 (USD MILLION) 94
7.4 OTHERS 94
TABLE 27 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES,
BY REGION, 2017–2020 (USD MILLION) 94
TABLE 28 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES,
BY REGION, 2021–2026 (USD MILLION) 95
8 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING 96
8.1 INTRODUCTION 96
FIGURE 38 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING 96
8.2 CLASS 1 96
8.2.1 PRESENCE OF FLAMMABLE GASES OR VAPORS IN AIR ACT AS
SOURCE OF IGNITION 96
8.3 CLASS 2 97
8.3.1 PRESENCE OF COMBUSTIBLE DUST IN AIR ACT AS SOURCE OF IGNITION 97
8.4 CLASS 3 97
8.4.1 PRESENCE OF IGNITABLE FIBERS IN AIR ACT AS SOURCE OF IGNITION 97
9 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION 98
9.1 INTRODUCTION 99
FIGURE 39 ZONE 2 HAZARDOUS LOCATION TO ACCOUNT FOR LARGEST MARKET SIZE BETWEEN 2021 AND 2026 99
TABLE 29 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION,
2017–2020 (USD MILLION) 99
TABLE 30 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION,
2021–2026 (USD MILLION) 100
9.2 ZONE 1 100
9.2.1 NOTABLE INDUSTRIAL FACILITIES IN ZONE 1 HAZARDOUS LOCATION INCLUDE PETROLEUM REFINERIES, GASOLINE STORAGE AREAS,
PAINT SPRAY BOOTHS, UTILITY GAS PLANTS, AND CHEMICAL PLANTS 100
TABLE 31 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2017–2020 (USD MILLION) 100
TABLE 32 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2021–2026 (USD MILLION) 101
9.3 ZONE 2 101
9.3.1 ZONE 2 DEMANDS EXPLOSION-PROOF LIGHTS BECAUSE OF
PRESENCE OF FLAMMABLE SUBSTANCES IN FORM OF GAS, VAPOR,
OR MIST WITHIN ATMOSPHERE 101
TABLE 33 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2017–2020 (USD MILLION) 101
TABLE 34 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2021–2026 (USD MILLION) 102
9.4 OTHERS 102
TABLE 35 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2017–2020 (USD MILLION) 102
TABLE 36 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2021–2026 (USD MILLION) 103
10 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY 104
10.1 INTRODUCTION 105
FIGURE 40 CHEMICAL & PHARMACEUTICAL INDUSTRY TO EXHIBIT FASTEST GROWTH FOR EXPLOSION-PROOF LIGHTING BETWEEN 2021 AND 2026 105
TABLE 37 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION) 105
TABLE 38 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION) 106
10.2 OIL & GAS 106
10.2.1 INCREASING INVESTMENTS IN OIL & GAS INDUSTRY TO FUEL DEMAND FOR ENERGY-EFFICIENT EXPLOSION-PROOF LIGHTING 106
TABLE 39 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY,
BY REGION, 2017–2020 (USD MILLION) 107
TABLE 40 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 107
10.3 CHEMICAL & PHARMACEUTICAL 107
10.3.1 EXPANDING CHEMICAL & PHARMACEUTICAL MARKET IN EMERGING ECONOMIES TO INCREASE DEMAND FOR EXPLOSION-PROOF LIGHTING 107
TABLE 41 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 108
TABLE 42 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 108
10.4 ENERGY & POWER 109
10.4.1 REGULATORY STANDARDS DEFINING MINIMUM BRIGHTNESS LEVELS IN INDUSTRIAL PLANTS TO PROMOTE MARKET GROWTH 109
TABLE 43 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY,
BY REGION, 2017–2020 (USD MILLION) 109
TABLE 44 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 109
10.5 MINING 110
10.5.1 INCREASING DEMAND FOR ATEX CERTIFIED EXPLOSION-PROOF LUMINAIRES TO DRIVE MARKET GROWTH 110
TABLE 45 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 110
TABLE 46 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 110
10.6 FOOD & BEVERAGE 111
10.6.1 INCREASING DEMAND FOR EXPLOSION-PROOF LIGHTING FIXTURES MADE FROM FOOD-GRADE STAINLESS STEEL AND OTHER FOOD-SAFE MATERIALS TO BOOST MARKET GROWTH 111
TABLE 47 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 111
TABLE 48 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 111
10.7 OTHERS 112
TABLE 49 ILLUMINATION LEVELS THAT SHOULD BE MAINTAINED WITHIN MARINE & SHIPBUILDING INDUSTRY AT DIFFERENT INSTANCES 112
TABLE 50 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 112
TABLE 51 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION) 113
11 EXPLOSION-PROOF LIGHTING MARKET, BY REGION 114
11.1 INTRODUCTION 115
FIGURE 41 GEOGRAPHIC SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET,
2021–2026 115
FIGURE 42 APAC TO BE FASTEST-GROWING MARKET FOR EXPLOSION-PROOF LIGHTING 115
TABLE 52 EXPLOSION-PROOF LIGHTING MARKET, BY REGION,
2017–2020 (USD MILLION) 116
TABLE 53 EXPLOSION-PROOF LIGHTING MARKET, BY REGION,
2021–2026 (USD MILLION) 116
11.2 NORTH AMERICA 117
FIGURE 43 NORTH AMERICA: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET 117
FIGURE 44 US TO DOMINATE EXPLOSION-PROOF LIGHTING MARKET
DURING FORECAST PERIOD 118
TABLE 54 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 118
TABLE 55 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 118
TABLE 56 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION) 119
TABLE 57 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 119
TABLE 58 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE,
2017–2020 (USD MILLION) 119
TABLE 59 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE,
2021–2026 (USD MILLION) 120
TABLE 60 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA,
BY LIGHT SOURCE, 2017–2020 (USD MILLION) 120
TABLE 61 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA,
BY LIGHT SOURCE, 2021–2026 (USD MILLION) 120
TABLE 62 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA,
BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION) 121
TABLE 63 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA,
BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION) 121
11.2.1 US 121
11.2.1.1 Large presence of leading oil & gas companies to drive demand for explosion-proof lighting 121
TABLE 64 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE,
2017–2020 (USD MILLION) 122
TABLE 65 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 122
11.2.2 CANADA 122
11.2.2.1 Expanding chemical & pharmaceutical industry in Canada to
boost market growth 122
TABLE 66 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2017–2020 (USD MILLION) 123
TABLE 67 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2021–2026 (USD MILLION) 123
11.2.3 MEXICO 123
11.2.3.1 Increasing investments in chemical industry to fuel market growth 123
TABLE 68 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE,
2017–2020 (USD THOUSAND) 123
TABLE 69 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE,
2021–2026 (USD THOUSAND) 124
11.2.4 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET
IN NORTH AMERICA 124
11.3 EUROPE 124
FIGURE 45 EUROPE: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET 125
FIGURE 46 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 70 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION) 126
TABLE 71 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION) 126
TABLE 72 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION) 127
TABLE 73 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 127
TABLE 74 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE,
2017–2020 (USD MILLION) 127
TABLE 75 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE,
2021–2026 (USD MILLION) 128
TABLE 76 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2017–2020 (USD MILLION) 128
TABLE 77 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2021–2026 (USD MILLION) 128
TABLE 78 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE,
BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION) 129
TABLE 79 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE,
BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION) 129
11.3.1 UK 129
11.3.1.1 Increasing investments and rapid infrastructure development activities in several industries to fuel market growth 129
TABLE 80 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE,
2017–2020 (USD MILLION) 130
TABLE 81 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 130
11.3.2 GERMANY 130
11.3.2.1 Large presence of renowned chemical and pharmaceutical producers to drive market growth 130
TABLE 82 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND) 131
TABLE 83 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND) 131
11.3.3 RUSSIA 131
11.3.3.1 Increasing investments in oil & gas industry to fuel demand for explosion-proof lighting fixtures 131
TABLE 84 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE,
2017–2020 (USD MILLION) 132
TABLE 85 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 132
11.3.4 REST OF EUROPE 132
TABLE 86 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE,
BY LIGHT SOURCE, 2017–2020 (USD MILLION) 132
TABLE 87 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE,
BY LIGHT SOURCE, 2021–2026 (USD MILLION) 133
11.3.5 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN EUROPE 133
11.4 APAC 133
FIGURE 47 APAC: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET 134
FIGURE 48 EXPLOSION-PROOF LIGHTING MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 135
TABLE 88 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY,
2017–2020 (USD MILLION) 135
TABLE 89 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION) 136
TABLE 90 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD MILLION) 136
TABLE 91 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 137
TABLE 92 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE,
2017–2020 (USD MILLION) 137
TABLE 93 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE,
2021–2026 (USD MILLION) 137
TABLE 94 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE,
2017–2020 (USD MILLION) 138
TABLE 95 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 138
TABLE 96 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION) 138
TABLE 97 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION) 139
11.4.1 CHINA 139
11.4.1.1 Availability of cost-effective raw materials and manufacturer and customer proximity have enabled China to emerge as one of leading countries in explosion-proof lighting market 139
TABLE 98 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE,
2017–2020 (USD THOUSAND) 140
TABLE 99 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE,
2021–2026 (USD THOUSAND) 140
11.4.2 JAPAN 140
11.4.2.1 Japan being third-largest shipbuilding nation to witness significant demand for explosion-proof lights 140
TABLE 100 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE,
2017–2020 (USD MILLION) 141
TABLE 101 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 141
11.4.3 INDIA 141
11.4.3.1 Presence of leading pharmaceutical companies such as Cipla (India) and Sun Pharma (India) to strengthen growth momentum for explosion-proof lighting market in India 141
TABLE 102 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE,
2017–2020 (USD MILLION) 142
TABLE 103 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 142
11.4.4 SOUTH KOREA 142
11.4.4.1 Increasing upgradation of industrial manufacturing facilities
and adopting of next-generation lighting technologies to fuel
market growth 142
TABLE 104 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2017–2020 (USD MILLION) 143
TABLE 105 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2021–2026 (USD MILLION) 143
11.4.5 REST OF APAC 143
TABLE 106 LIST OF UPCOMING OIL & GAS PROJECTS IN REST OF APAC 144
TABLE 107 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND) 144
TABLE 108 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND) 144
11.4.6 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN APAC 145
11.5 ROW 145
TABLE 109 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION,
2017–2020 (USD MILLION) 145
TABLE 110 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION,
2021–2026 (USD MILLION) 145
TABLE 111 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD MILLION) 146
TABLE 112 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 146
TABLE 113 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE,
2017–2020 (USD MILLION) 146
TABLE 114 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE,
2021–2026 (USD MILLION) 147
TABLE 115 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE,
2017–2020 (USD MILLION) 147
TABLE 116 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE,
2021–2026 (USD MILLION) 147
TABLE 117 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION) 148
TABLE 118 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION) 148
11.5.1 MIDDLE EAST & AFRICA 148
11.5.1.1 Recent contracts related to oil & gas project expansions to fuel demand for explosion-proof lights 148
TABLE 119 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA,
BY LIGHT SOURCE, 2017–2020 (USD MILLION) 149
TABLE 120 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA,
BY LIGHT SOURCE, 2021–2026 (USD MILLION) 149
11.5.2 SOUTH AMERICA 149
11.5.2.1 Surging investments in offshore & onshore rigs to create growth prospects for explosion-proof lighting manufacturers 149
TABLE 121 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA,
BY LIGHT SOURCE, 2017–2020 (USD THOUSAND) 150
TABLE 122 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA,
BY LIGHT SOURCE, 2021–2026 (USD THOUSAND) 150
12 COMPETITIVE LANDSCAPE 151
12.1 INTRODUCTION 151
FIGURE 49 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY BETWEEN JANUARY 2018 AND MARCH 2021 151
12.2 MARKET EVALUATION FRAMEWORK 152
TABLE 123 OVERVIEW OF STRATEGIES DEPLOYED BY KEY EXPLOSION-PROOF
LIGHTING OEMS 152
12.2.1 PRODUCT PORTFOLIO 152
12.2.2 REGIONAL FOCUS 153
12.2.3 MANUFACTURING FOOTPRINT 153
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 153
12.3 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2020 153
TABLE 124 EXPLOSION-PROOF LIGHTING MARKET: DEGREE OF COMPETITION 153
TABLE 125 SHARE OF LEADING PLAYERS IN EXPLOSION-PROOF
LIGHTING MARKET, 2020 154
TABLE 126 MARKET RANKING ANALYSIS: EXPLOSION-PROOF LIGHTING MARKET, 2020 154
12.4 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN EXPLOSION-PROOF
LIGHTING MARKET 155
FIGURE 50 REVENUE ANALYSIS FOR KEY COMPANIES FROM
2016 TO 2020 (USD BILLION) 156
12.5 COMPETITIVE SITUATIONS & TRENDS 156
12.5.1 PRODUCT LAUNCHES 156
TABLE 127 EXPLOSION-PROOF LIGHTING MARKET: PRODUCT LAUNCHES,
JANUARY 2018–MARCH 2021 156
12.5.2 DEALS 159
TABLE 128 EXPLOSION-PROOF LIGHTING MARKET: DEALS,
JANUARY 2018–MARCH 2021 159
12.6 COMPANY EVALUATION MATRIX, 2020 160
12.6.1 STAR 160
12.6.2 PERVASIVE 160
12.6.3 PARTICIPANT 160
12.6.4 EMERGING LEADER 160
FIGURE 51 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL),
COMPANY EVALUATION MATRIX (2020) 161
12.7 STARTUP/SME EVALUATION MATRIX, 2020 162
12.7.1 PROGRESSIVE COMPANY 162
12.7.2 RESPONSIVE COMPANY 162
12.7.3 DYNAMIC COMPANY 162
12.7.4 STARTING BLOCK 162
FIGURE 52 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL),
STARTUP/SME EVALUATION MATRIX (2020) 163
12.8 COMPETITIVE BENCHMARKING 164
TABLE 129 COMPANY INDUSTRY FOOTPRINT 164
TABLE 130 COMPANY REGION FOOTPRINT 165
TABLE 131 COMPANY FOOTPRINT 166
13 COMPANY PROFILES 167
13.1 INTRODUCTION 167
(Business Overview, Products Offered, Recent Developments, and MnM View)*
13.2 KEY PLAYERS 167
13.2.1 EATON 167
TABLE 132 EATON: BUSINESS OVERVIEW 168
FIGURE 53 EATON: COMPANY SNAPSHOT 168
13.2.2 ABB 172
TABLE 133 ABB: BUSINESS OVERVIEW 172
FIGURE 54 ABB: COMPANY SNAPSHOT 173
13.2.3 HUBBELL 176
TABLE 134 HUBBELL: BUSINESS OVERVIEW 176
FIGURE 55 HUBBELL: COMPANY SNAPSHOT 176
13.2.4 EMERSON 180
TABLE 135 EMERSON: BUSINESS OVERVIEW 180
FIGURE 56 EMERSON: COMPANY SNAPSHOT 181
13.2.5 SIGNIFY 184
TABLE 136 SIGNIFY: BUSINESS OVERVIEW 184
FIGURE 57 SIGNIFY: COMPANY SNAPSHOT 185
13.2.6 GE CURRENT 188
TABLE 137 GE CURRENT: BUSINESS OVERVIEW 188
13.2.7 GLAMOX 190
TABLE 138 GLAMOX: BUSINESS OVERVIEW 190
FIGURE 58 GLAMOX: COMPANY SNAPSHOT 190
13.2.8 AIRFAL INTERNATIONAL 193
TABLE 139 AIRFAL INTERNATIONAL: BUSINESS OVERVIEW 193
13.2.9 PHOENIX LIGHTING 195
TABLE 140 PHOENIX LIGHTING: BUSINESS OVERVIEW 195
13.2.10 WORKSITE LIGHTING 196
TABLE 141 WORKSITE LIGHTING: BUSINESS OVERVIEW 196
13.2.11 LARSON ELECTRONICS 197
TABLE 142 LARSON ELECTRONICS: BUSINESS OVERVIEW 197
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13.3 OTHER IMPORTANT PLAYERS 199
13.3.1 R. STAHL 199
13.3.2 RAYTEC 200
13.3.3 CESP 200
13.3.4 TORMIN ELECTRICAL 201
13.3.5 LDPI 201
13.3.6 IWASAKI ELECTRIC 202
13.3.7 NORDLAND LIGHTING 203
13.3.8 NORKA 203
13.3.9 UNIMAR 204
13.3.10 SCHUCH 204
13.3.11 CORTEM 205
13.3.12 ABTECH 205
13.3.13 NUOVA ASP 206
13.3.14 TREVOS 206
14 APPENDIX 207
14.1 INSIGHTS OF INDUSTRY EXPERTS 207
14.2 DISCUSSION GUIDE 208
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 211
14.4 AVAILABLE CUSTOMIZATIONS 213
14.5 RELATED REPORTS 213
14.6 AUTHOR DETAILS 214
Explosion-proof Lighting Market with COVID-19 impact analysis by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent), Safety Rating, Hazardous Location, End-user Industry, and Region – Global Forecast to 2026世界の防爆照明市場予測:種類別、光源別、安全定格別、防爆範囲別、産業別、地域別 |

◆商品コード:SE7896
◆調査・発行会社:MarketsandMarkets
◆発行日:2021年5月6日
◆ページ数:207
◆レポート形式:PDF / 英語
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【レポートの概要】
マーケッツアンドマーケッツ社は世界の防爆照明市場規模が2021年340百万ドルから2026年471百万ドルまで、年平均6.7%成長すると予測しています。本調査レポートでは、防爆照明の世界市場について調査・分析し、イントロダクション、調査手法、エグゼクティブサマリー、プレミアムインサイト、市場概要、種類別(ハイベイ・ローベイ、線形、投光)分析、光源別(LED、蛍光灯、その他)分析、安全定格別(クラス1、クラス2、クラス3)分析、防爆範囲別(ゾーン1、ゾーン2、その他)分析、地域別分析、競争状況、企業情報などを掲載しております。 ・イントロダクション ・調査手法 ・エグゼクティブサマリー ・プレミアムインサイト ・市場概要 ・世界の防爆照明市場規模:種類別(ハイベイ・ローベイ、線形、投光) ・世界の防爆照明市場規模:光源別(LED、蛍光灯、その他) ・世界の防爆照明市場規模:安全定格別(クラス1、クラス2、クラス3) ・世界の防爆照明市場規模:防爆範囲別(ゾーン1、ゾーン2、その他) ・世界の防爆照明市場規模:地域別 ・競争状況 ・企業情報 |
“The global explosion-proof lighting market size is estimated to be USD 340 million in 2021 and is projected to reach 471 million by 2026, at a CAGR of 6.7% during the forecast period.”
The market has a promising growth potential due to several factors, including the increasing investments in the oil & gas and chemical & pharmaceutical industries for infrastructure development and project expansion plans, government regulations regarding employee safety in hazardous environments, and growing adoption of explosion-proof LED light fixtures owing to several advantages over conventional light sources.
COVID-19 sent both demand side and supply side shocks across the global economy. Leading explosion-proof lighting product providers, such as Eaton (Ireland) and Hubbell (US), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 10% and 12%, respectively, in their 2020 full-year revenue compared to the previous year. The impact of COVID-19 may last until 2021. The situation is almost similar in both emerging and developed economies. As of April 2021, India and the US became the worst COVID-hit countries. Several oil & gas projects in the above-mentioned countries were delayed because of the decline in fuel and energy demand from various end-user industries. With the decrease in fuel and energy demand, it is estimated that there would be negligible investments from the oil & gas players toward updating industrial facilities with energy-efficient explosion-proof lights.
“LEDs: The fastest growing light source segment of the explosion-proof lighting market.”
LEDs are the most energy-efficient lighting options which can help drastically reduce the overall operating cost in industrial facilities. Additionally, LEDs can be easily operated in extreme hot and cold environments as they are less sensitive to temperature as compared with other lighting technologies. Furthermore, the increasing number of industrial facilities is expected to influence the penetration of LEDs for explosion-proof lighting application and will propel the growth at the highest rate during the forecast period.
“Zone 2: The largest segment of explosion-proof lighting market, by hazardous location.”
The Zone 2 segment of the explosion-proof lighting market is expected to account for the largest share during the forecast period, owing to the increasing demand for Zone 2 explosion-proof lights in potentially explosive industrial environments existing in industries such as oil & gas and chemicals. The rise in offshore exploration and expansion projects in several countries, including the US, Canada, UK, Norway, and Saudi Arabia, is expected to create lucrative opportunities for the market players during the forecast period. Additionally, increasing investments in the chemical industry of Canada, Germany, and India to create new growth prospects for the explosion-proof lighting market.
“North America dominated the explosion-proof lighting market, globally, by market share, in 2020”
Based on region, North America dominated the explosion-proof lighting market in 2020.The commanding position of North America can be contributed to the presence of leading market players such as Emerson (US), Hubbell (US), and GE Current (US). These players together account for a market share of more than 30%. Additionally, a large number of companies are focusing on the exploration and production of oil & gas assets in the region. Therefore, the demand for explosion-proof lighting is expected to increase due to extensive expansion activities being undertaken by leading oil & gas players such as Chevron (US) and ExxonMobil (US). Furthermore, strict government regulations regarding employee safety and the phase-out of conventional lighting systems are fueling the demand for expensive explosion-proof LED lighting systems.
Breakdown of profiles of primary participants:
• By Company: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20%
• By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
• By Region: North America – 40%, Europe– 30%, APAC – 25%, and RoW – 5%
Major players profiled in this report:
The explosion-proof lighting market is dominated by key global established players such as Eaton (Ireland), ABB (Switzerland), Hubbell (US), Emerson (US), Signify (Netherlands), GE Current (US), Glamox (Norway), Phoenix Lighting (US), R. STAHL (Germany), and Larson Electronics (US).
Research coverage
This research report segments the global explosion-proof lighting market based on Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent, Others), Safety Rating (Class 1, Class 2, Class 3), Hazardous Location (Zone 1, Zone 2, Others), End-user Industry (Oil & Gas, Chemical & Pharmaceutical, Food & Beverage, Mining, Energy & Power, Others), and Region (North America, Europe, APAC, and RoW).
The report also provides a comprehensive review of market drivers, restraints, challenges, and opportunities pertaining to the explosion-proof lighting market and also includes value chain. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall explosion-proof lighting market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
★調査レポート[世界の防爆照明市場予測:種類別、光源別、安全定格別、防爆範囲別、産業別、地域別] ( Explosion-proof Lighting Market with COVID-19 impact analysis by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent), Safety Rating, Hazardous Location, End-user Industry, and Region – Global Forecast to 2026 / SE7896) 販売に関する免責事項 |
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