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The Hazardous Lighting Market is Segmented by Type (LED Lighting, Incandescent Lighting, HID Lighting, Fluorescent Lighting), Class (Class I, Class II, and Class III), Hazardous Zone (Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, and Zone 22), End-user Industry (Oil and Gas, Power Generation, Chemical and Petrochemical, Pharmaceutical), and Geography.
Study Period:
2018 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
Asia Pacific
CAGR:
7.2 %
The Hazardous Lighting market was valued at USD 1933.34 million in 2020 and is expected to reach USD 2535.17 million by 2026, at a CAGR of 4.62% over the forecast period 2021 - 2026. IIoT integration may expand with LED light penetration. By integrating Wi-Fi boosters, sensors that can detect airborne pollutants, or RFID tags or volumetric sensors that can measure storage capacity and product volume, LED lighting can become an integral part of an IIoT solution that enhances overall productivity and visibility in hazardous locations.
The hazardous lighting market is attributed to the substitution of older lighting technologies by newer ones, due to their longer operational lifespan, lower energy consumption, and higher operating temperature range. Increasing adoption among different end-user industries, such as oil and gas, power generation, and pharmaceutical, is boosting the growth of the market.Â
By Type | |
LED Lighting | |
Incandescent Lighting | |
HID Lighting | |
Fluorescent Lighting | |
Other Types |
By Class | |
Class I | |
Class II | |
Class III |
By Hazardous Zone | |
Zone 0 | |
Zone 20 | |
Zone 1 | |
Zone 21 | |
Zone 2 | |
Zone 22 |
By End-user Industry | |
Oil and Gas | |
Power Generation | |
Chemical and Petrochemical | |
Pharmaceutical | |
Other End-user Industries |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
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The hazardous lighting market is highly fragmented, as players in the market continuously strive to maintain a competitive edge. The competition in the market studied is high, due to the different levels of technical management and production management of the players in the market. The key players are Thomas & Betts Corporation (ABB Ltd), Emerson Industrial Automation, Digital Lumens Inc., etc. Recent developments in the market are as follows -
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1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Replacement of Traditional Lighting Systems with LEDs
4.3.2 Regulatory Standards Promoting the Use of Lighting
4.4 Market Restraints
4.4.1 Rising Environmental Concerns
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 LED Lighting
5.1.2 Incandescent Lighting
5.1.3 HID Lighting
5.1.4 Fluorescent Lighting
5.1.5 Other Types
5.2 By Class
5.2.1 Class I
5.2.2 Class II
5.2.3 Class III
5.3 By Hazardous Zone
5.3.1 Zone 0
5.3.2 Zone 20
5.3.3 Zone 1
5.3.4 Zone 21
5.3.5 Zone 2
5.3.6 Zone 22
5.4 By End-user Industry
5.4.1 Oil and Gas
5.4.2 Power Generation
5.4.3 Chemical and Petrochemical
5.4.4 Pharmaceutical
5.4.5 Other End-user Industries
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Latin America
5.5.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Thomas & Betts Corporation (ABB Ltd)
6.1.2 Emerson Industrial Automation
6.1.3 Digital Lumens Inc.
6.1.4 Unimar Inc.
6.1.5 GE Lighting LLC
6.1.6 Chalmit Lighting Limited
6.1.7 Worksite Lighting LLC
6.1.8 Hilclare Limited
6.1.9 AZZ Lighting Systems
6.1.10 Larson Electronics
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability