Market Size of Hazardous Lighting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hazardous Lighting Market Analysis
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.
- Replacement of traditional lighting systems with LEDs is driving the market, due to their ability to dramatically reduce energy consumption. Moreover, their disposal contains less hazardous effects, as they contain no hazardous chemicals.
- Regulatory standards promoting the use of lighting are driving the market, as industry and regulatory standards define the criteria for designating a work area as a hazardous location and atmosphere around an industrial or manufacturing facility. The hazards may include concentrations of flammable vapors, dust, or fibers, which increase the demand for lighting that contains light fixtures with stronger housing and tempered glass, which encase sparks and other potential ignition sources away from a flammable substance.
- However, rising environmental concern is restraining the market, as the quality of diodes' lighting is highly dependent on the ambient operating temperature. At high temperatures, there are changes in the parameters of the current passing through the semiconductor elements, which can lead to burning out the module, especially LED. This issue affects the places and surfaces exposed to rapid increases in temperature or very high temperatures (steel mills).
