Hazardous Location LED Lighting Market, By Class (Class-I, Class-II, Class-III), By Device Type (Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, and Zone 22), By End-User Industry (Oil and Gas, Petrochemical, Industrial, Power Generation, Pharmaceutical, Processing, and Other End-user Industries), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 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:
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