Energy & Green Renewable Technology Market News

Hazardous location LED lighting market set to witness an uptick by 2023 according to new research report

Energy Market Research

The global hazardous location LED lighting market was valued at USD 309.81 million in 2017, and is expected to reach USD 585.19 million by 2023, registering a CAGR of 11.17%, over the forecast period of 2018-2023. The scope of the report is limited to solutions offered by various players, including providers of cart light, flash light, and flood light LEDs.

- Advertising -

Report: orbisresearch.com/contacts/request-sample/2095447 .

- Advertising -

Hazardous environments are high-risk places where potentially explosive materials or harmful substances that are susceptible to reaction with external environment, are manufactured or processed. The importance of installing safe and efficient lighting solutions in these environments cannot be ignored, because they are usually located in very remote, inaccessible locations.

With 318 deaths in the manufacturing industry and 89 deaths in the mining and quarrying industry in the United States alone in 2016, according to the US Department of Labor, there is a critical need to provide appropriate lighting solutions in these areas. The market for lighting hazardous locations is driven by the emergence of LED lights as a viable alternative to traditional lighting applications, owing to their sturdiness, reliability, and non-toxic nature.

LED-based applications offer optimal efficiency, as they do not contain any flammable substances and offer higher cost effectiveness and lighting performance, making them a preferred choice in a wide array of industries, such as mills, pharmaceuticals, fireworks agencies,.

Stringent Regulations Demanding the Stoppage of Other Harmful Lightings and Promoting LED Use
Changes in regulatory standards favoring the use of energy-efficient lighting applications in all major end-user industries, has been one of the major drivers for growth in the overall LED industry, and particularly in the industrial LED market, where hazardous location lighting accounts for a considerable portion of the market share. Governments and public organizations across the world are bracing down on the use of incandescent lamps, which have been deemed redundant, due to high energy consumption and low performance.

India, the second most populated country in the world, has a strong economic growth prospect and a significant market size. In October 2014, the Indian government issued carbon emission reduction policies, which advocated people to use LED bulbs instead of approximately 750 million incandescent bulbs available in the market.

Browse Complete Report at orbisresearch.com/reports/index/gl…ecasts-2018-2023 .

The United States has been at the forefront of LED adoption, ably supported by the introduction of reforms, such as Energy Star Program, which mandates lighting applications to adhere to industry standards and test procedures. Safety standards for lighting applications manufactured for use in hazardous standards, such as IEC, NEC, and other regional regulations, have also been major contributors to the increased demand for LED solutions, although lighting solution providers have been impacted by constant changes in regulations.

These regulatory standards have been successful in creating greater awareness for LED solutions and have also provided a guide for new consumers, by compelling LED-based solution providers to manufacture optimal quality products.

Oil, Gas, and Petroleum accounted for the Maximum Share
The processes of oil, gas, and petrochemical refineries can create explosive and flammable conditions. Refineries, being spread across big open areas, require a vast lighting network, which results in excessive cost of energy consumption and regular maintenance.

Refineries across the world are using traditional lighting sources that generally deal with maintenance issues, as the light sources generally react with the gases around and they form a different compound, which degrades the physical quality of the lighting sources, forcing the companies to change these lights at a regular interval. For example, incandescent light and high-pressure sodium gets easily compounded, due to surrounding reactive gases, thus creating maintenance issues for the company.

Thus, petrochemical refineries are increasingly adopting vapor-proof LED lighting solutions, which are isolated from any sort of reaction. Europe and Middle East & Africa (EMEA) is expected to boost growth in the market, driven using hazardous location LED lights in the oil, gas, and petrochemical industries, at a faster growth rate compared to the Americas.

Europe Accounted for the Largest Share in the Market
Due to the presence of some of the major oil & gas companies, in addition to a robust power sector, Europe has an immense potential for hazardous location LED lights.

Major Players: GE LIGHTING, INTERTEK, COOPER INDUSTRIES, EMERSON INDUSTRIAL AUTOMATION, THOMAS & BETTS CORPORATION, DIALIGHT PLC, NEMALUX LED LIGHTING, FEDERAL SIGNAL CORPORATION, RAB LIGHTING, AND LDPI INC., amongst others.

Key Developments in the Marke
August 2017 - Larson launched two new products that added to their product portfolio and enhanced the value of the firm. The company launched 300W explosion-proof LED with quadpod mount, capable of illuminating areas up to 14,500 square feet, which is suitable for mining, marine, and other harsh conditions.

It also launched a portable, magnetic mounted attachment LED light that provides protection against high-pressure jets and temporary submersion, suitable for places where flammable gases and vapors are present.
August 2017 - Kenall launched 6-inch modular downlights, which were designed to perform efficiently for years and are tightly sealed, suitable for pharmaceutical processing and military installations.
January 2017 - Intertek was accredited by the US Occupational Safety and Health Administration (OSHA), to certify electrical products intended for use in hazardous locations under the zone classification system, which is used widely across the globe. This approval expanded on the company’s existing status as an OSHA Nationally Recognized Testing Laboratory (NRTL) and builds upon its ability to certify products under the class/division/group system previously used in the United States.

Reasons to Access this Report
Understanding the impact of opportunities offered by the growth of industries, such as mining and construction, in all regions.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
Growth of various LED lights, such as cart lights, flood lights, flash lights, offshore skid lights, and ladder mount lights.
Regional analysis of the market.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).

Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Companies Mentioned:
Larson Electronics, Cooper Industries, Dialight Plc.,Nemalux LED Lighting,Federal Signal Corporation,RAB Lighting,LDPI Inc.,Intertek,Worksite Lighting, LLC,Chalmit (Hubbell Limited), GE Lighting (GE Consumer & Industrial), Unimar Inc., Digital Lumens, Inc. Emerson Industrial Automation (Emerson Electric Co.), Thomas & Betts Corporation (ABB Ltd.).

Report: orbisresearch.com/contact/2095447 

Some points From TOC:

  1. Introduction
    1.1 Scope of the Study
    1.2 Executive Summary
  2. Research Approach and Methodology
    2.1 Key Deliverables of the Study
    2.2 Study Assumptions
    2.3 Analysis Methodology
    2.4 Research Phases
  3. Market Insights
    3.1 Market Overview
    3.2 Industry Attractiveness – Porter's Five Forces Analysis
    3.2.1 Bargaining Power of Suppliers
    3.2.2 Bargaining Power of Consumers
    3.2.3 Threat of New Entrants
    3.2.4 Threat of Substitute Products or Services
    3.2.5 Competitive Rivalry among Existing Competitors
    3.3 Industry Value Chain Analysis
  4. Market Dynamics
    4.1 Market Drivers
    4.1.1 Replacement of Traditional Lighting Systems with LEDs
    4.1.2 Regulatory Standards Promoting the Use of Lightings
    4.2 Market Restraints
    4.2.1 Rising Environmental Concerns

 

News From

Orbis Research - Rendering Conscientious ResearchOrbis Research
Category: Market Research Publishers and RetailersCompany about: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have a vast database of reports from the leading publishers and authors across the gl obe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their need, and we produce the perfect requi ...