Explosion Proof Lighting Market 2019: Major Players- (ABB, Eaton Corporation Plc, General Electric, Hubbell Inc., Osram Licht AG)

The global explosion proof lighting market was valued at USD 485.1 million in 2018 and is expected to reach USD 815.5 billion in 2026, growing at a CAGR of 6.7% during the forecast period.

The global explosion proof lighting market was valued at USD 485.1 million in 2018 and is expected to reach USD 815.5 billion in 2026, growing at a CAGR of 6.7% during the forecast period. Stringent regulation pertaining to worker safety in remote and hazardous areas, enhancing safety and productivity in harsh and hazardous areas and growing number of off shore oil and gas stations to drive the growth of the explosion proof lighting market.

Explosion proof lighting is used in areas where hazardous and flammable chemical substances such as vapors and dust exist such as energy and power and oil and gas industry where exclusively flammable and volatile substances are handled. Explosion proof lighting is designed is such a way that it has converged with a cage, the cage can withstand any explosion inside the system and prevent the surrounding from a potential fire. The explosion proof lighting is used in various applications such as chemical, marine, power plants, airports, military bases, oil & gas, laboratory, food & beverage, transportation facility, and others.

Download Sample Of This Report@ https://www.alltheresearch.com/sample-request/218

The major factors which drive the growth of explosion proof lighting market are growing demand for better and efficient lighting systems, stringent government regulations pertaining to industrial safety standards, and technological advancement in explosion proof lighting. Furthermore, the growing demand for mining, oil and gas, and construction activities across the globe are also expected to fuel market growth during the forecast period. According to the Energy Information Administration (EIA), the global consumption of petroleum and other liquid is estimated to increase from 1.4 million barrel per day in 2015 to 1.5 million barrels per day in 2016. The rigs used in offshore drilling, offshore platforms, and petroleum refineries, processing facilities require explosion proof lighting, continuous development in wireless control platforms for LEDs are expected to create major growth opportunities for explosion proof lighting during the forecast period. However, high maintenance and equipment costs and lack of industry standardization is acting as a restraint to this market.

Key Findings:

Based on the type, the mobile lighting segment is expected to grow at the highest CAGR of around 8.5% during the forecast period

Based on the light type, the LED segment is accounted for the largest share in the market and held for around 28% of the total market, in 2018

Based on the application, the oil & gas segment is accounted for the largest share in the market and held for around 32% of the total market, in 2018

Asia-Pacific accounted for around 40% share of the global explosion proof lighting market in 2018

Recent News:

May 2019 - Emerson developed Appleton linear luminaire, streamlines the cumbersome and time-consuming task of installing and maintaining bright, energy-efficient lighting in hazardous areas on drilling rigs. The Appleton Rigmaster solves these challenges by integrating LED technology into a lightweight, low-profile package that performs durably, is resistant to harsh conditions and damaging vibrations, yet allows faster, safer installations throughout the drilling rig.

January 2019 – Emerson launched next-generation Appleton Areamaster LED. This new product is available in six lumen outputs providing up to 36,000 lumens or the equivalence of 175W to 1500W HID luminaires, yet use 80 percent less energy. This product is certified by the ATEX and the IECEx for Zone 1 encapsulation.

August 2018 – Abtech developed ExLED a superior quality LED designed for Zone 2 & 22 hazardous areas. It is a replacement for traditional 36W and 58W fluorescent luminaires, with both outputs housed within the same 4ft (1250mm) body

February 2018 – Adolf Schuch GmbH developed Small LED-Light Fittings for hazardous areas in zones 1/21, the most common area for explosive surroundings. E856 series is an emergency light fitting with an in-built battery that can also be used with a pictogram as a sign or escape light.

About AlltheResearch:

AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it’s not just sheer data-points, but the right analysis that creates a difference.

For all your Research needs, reach out to us at:

39180 Liberty Street Suite 110, Fremont, CA 94538, USA
Contact Person: Rohit B.
Email: contactus@alltheresearch.com
US: 1-888-691-6870

Contact Info:
Name: Kumar
Email: Send Email
Organization: Inforgrowth
Address: 6400 Village Pkwy suite 104
Phone: 9093292808
Website: https://www.inforgrowth.com

Release ID: 88923697