Global Explosion-proof Lighting Market 2024-2028
Explosion-Proof Lighting Market 2024-2028
The explosion-proof lighting market is forecasted to grow by USD 133132.4 thousand during 2023-2028, accelerating at a CAGR of 6.4% during the forecast period. The report on the explosion-proof lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by launch of new power plants, prevalence of industrial fire incidents, and investments in mining sector.
Technavio's explosion-proof lighting market is segmented as below:
By Type
- Linear
- Flood
- High bay and low bay
By End-user
- Oil and gas
- Mining
- Chemical and petrochemical
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the introduction of grade optics in explosion-proof lighting as one of the prime reasons driving the explosion-proof lighting market growth during the next few years. Also, launch of high heat-resistant led lights and flame safe lighting will lead to sizable demand in the market.
The report on the explosion-proof lighting market covers the following areas:
- Explosion-Proof Lighting Market sizing
- Explosion-Proof Lighting Market forecast
- Explosion-Proof Lighting Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading explosion-proof lighting market vendors that include ABB Ltd., Abtech UK, Adolf Schuch GmbH, Cortem S.p.A, Eaton Corp plc, Emerson Electric Co., Glamox AS, Hubbell Inc., Koninklijke Philips N.V., Larson Electronics LLC, LDPI Inc., LEDVANCE GmbH, NORKA, Phoenix Products LLC, TECNOVIDEO S.R.L, Unimar Inc., Victor Products Ltd., and WorkSite Lighting LLC. Also, the explosion-proof lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.