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Dublin, August 26, 2021/PRNewswire/-"Explosion-proof Lighting Market 2021-2027" report has been added to ResearchAndMarkets.com's products.
During the forecast period (2021-2027), the global explosion-proof lighting market is expected to grow at a moderate compound annual growth rate of 6.7%. The growth of the global explosion-proof lighting market is driven by factors such as the rapid transition from traditional lighting to advanced LED lighting because of their longer durability, less energy consumption, and better performance.
In addition, the expansion of various industries around the world, such as oil and gas, chemical and pharmaceutical, mining, manufacturing, and military bases, has created a high demand for these lighting. With the increase in the number of upcoming oil and gas projects in emerging economies such as the United States, China, India, and government support policies, the market will show significant growth during the forecast period. However, the high cost associated with the deployment of explosion-proof lighting equipment is a major challenge that may hinder market growth during the forecast period. Further advancements in explosion-proof lighting functions can bring profitable opportunities to the market.
The outbreak of the COVID-19 pandemic has had a negative impact on the global explosion-proof lighting market. In order to prevent the further spread of the coronavirus, the governments of major economies have announced a blockade. Due to the shutdown of transportation and other facilities, the raw material supply chain has been severely disrupted. Major manufacturers of explosion-proof lighting, such as Eaton (Ireland) and Hubble (USA), suffered a serious decline in their business and suffered heavy losses. In addition, the main end-user industries of these products, such as mining, construction, manufacturing, petrochemicals, etc., have also been significantly affected by the government's restrictions on shutting down these industries.
The global explosion-proof lighting market is divided into segmented type, light type and end user. According to the type, the market is segmented into fixed lighting, mobile lighting and small portable lighting. Among them, the mobile lighting segment is expected to grow the fastest during the forecast period. According to the type of light source, the market is divided into incandescent lamps, fluorescent lamps, LEDs and HIDs. Among them, the LED market segment is expected to gain a leading position during the forecast period. Compared with similar products, LED lights are more effective and provide longer durability. Similarly, according to end users, the market is divided into oil and gas, mining, food and beverages, manufacturing and power plants, chemicals and pharmaceuticals, and others (transportation, military bases). Due to the increasing number of oil and gas projects in emerging economies around the world during the forecast period, explosion-proof lighting based on end-users in the oil and gas industry is expected to occupy the largest market share.
In addition, ABB Ltd, Abtech Ltd, Adolf Schuch GmbH, Eaton Corp PLC, Emerson Electric, GE Lighting LLC, Hubbell Inc., Phoenix Products LLC, Philips Lighting Holding BV, Unimar Inc., Osram Licht AG, etc. are in the global explosion-proof lighting market Outstanding participants who play a role. The release and development of new products, partnerships, agreements and acquisitions are some of the growth strategies that participants maintain in a highly competitive market.
Main topics covered: 1. Summary of the report 2. Market overview and insights 2.1. Scope of the report 2.2. Analyst insights and current market trends 2.2.1. The main finding is 2.2.2. Recommendation 2.2.3. Conclusion 3. Competitive landscape 3.1. Main company analysis 3.1.1. Overview 3.1.2. Financial analysis 3.1.3. SWOT analysis 3.1.4. Key strategy analysis 3.2. The impact of COVID-19 on major players 4. Market determinants 4.1. Motivation 4.2. Limit 4.3. Opportunity 5. Market segmentation 126.96.36.199.1 Class global explosion-proof lighting. Fixed lighting 5.1.2. Mobile lighting 5.1.3. Small and portable lighting 188.8.131.52.1. Global explosion-proof lighting divided by lamp type. Incandescent lamp 5.2.2. Fluorescent lamp 5.2.3. Light-emitting diode 5.2.4. Hide 5.3. Global explosion-proof lighting for end users 5.3.1. Oil and gas 5.3.2. Mining 5.3.3. Food and beverage 5.3.4. Manufacturing and power plants 5.3.5. Chemistry and Pharmaceutical 5.3.6. Others (traffic, military bases) 6. Regional analysis 6.1. North America 6.1.1. United States 6.1.2. Canada 6.2. Europe 6.2.1. Britain 6.2.2. Germany 6.2.3. Italy 6.2.4. Spain 6.2.5. France 6.2.6. Rest of Europe 6.3. Asia Pacific 6.3.1. China 6.3.2. India 6.3.3. Japan 6.3.4. South Korea 6.3.5. Rest of Asia Pacific 6.4. Rest of the world 7. Company profile 7.1. ABB Co., Ltd. 7.2. Abtech Co., Ltd. 7.3. Adolf Schuch Co., Ltd. 7.4. Eaton PLC 7.5. Emerson Electric Company 7.6. General Electric Company 7.7. Iwasaki Electric Co., Ltd. 7.8. Hubbel Corporation 7.9. 7.10 of AZZ Corporation. Shenzhen KHJ Technology Co., Ltd. 7.11. Shenzhen Nibei Technology Co., Ltd. 7.12. Phoenix Products Co., Ltd. 7.13. Philips Lighting Holdings BV 7.14. Western Technology Corporation 7.15. LDPI, Inc. 7.16. Zhejiang Tuoming Electric Co., Ltd. 7.17. Unimar Inc. 7.18. IGT Lighting Corporation 7.19. Site lighting 7.20. Oxley Group 7.21. OSRAM Licht AG 7.22. Ocean King Lighting Technology Co., Ltd. 7.23. TellCo Europe Sagl 7.24. Dag Industrial Lighting Co., Ltd.
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