Explosion Proof Lighting Market to hit US$ 606.1 Million, Globally, by 2027 at 10.7% CAGR: The Insight Partners - Digital Journal

2022-05-06 19:32:51 By : Mr. Barry Sun

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According to the new research report published by The Insight Partners, titled “Explosion proof lighting Market to 2027 by Light Type (LED Light, Fluorescent Light, Incandescent Light, and HID Light); Type (Fixed Lighting, Mobile Lighting, Small & Portable Lighting); and Application (Chemical, Marine, Power Plants, Airport, Military Bases, Mining, Oil & Gas, Laboratories, Transportation Facilities, Food & Beverage, and Others) – Global Analysis and Forecast”, the explosion proof lighting market is estimated to reach US$ 606.1 Mn by 2027 from US$ 250.1 Mn in 2018. The report includes key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.

The explosion proof lighting plays a crucial role in the oil & gas industry. The US has a huge network of oil rigs in the North American continent as well as globally. This fact has helped propel the market over the years. The processing facilities of oil & gas are unsafe owing to the presence of hazardous compounds during the operations. The explosion proof lighting systems are deployed for preventing the ignition of spark from the electrical equipment.

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Further, the usage of LED technology in the oil & gas refineries has aided in reinforcing safety measures for unpredictable work environments. The existence of dangerous compounds in the facilities of oil and gas denotes several safety challenges for the workers. For instance, the hydrocarbon processing including ethane, fossil fuels, methane and propane, is a critical process that needs to be carried out under stable atmospheres. However, the processing plants of oil and gas are far from stable pertained to the exposure to hazardous and flammable compounds.

Regardless of the current high price of oil as well as lower budgets, regulations regarding safety in the oil & gas industry environment are becoming more stringent. The oil & gas industry has a highly flammable and explosive atmosphere; explosion proof lighting is extensively used in petroleum processing, gas stations or storage among others. Lighting fixtures used in oil & gas plants such as emergency light, flashlight, high-bay, or even street light must be approved with explosion-proof certification. Moreover, the oil & gas industry, operating conditions are a constant challenge. Replacing a single luminaire can be expensive and probably even dangerous. Thus, the installation of safe, efficient, as well as, cost-effective lighting is vital in these environments. Also, another important factor for the dominance of the oil & gas sector is the cost of explosion proof lights used in this industry. The explosion proof lights used in the oil & gas industry is comparatively expensive, which is further increasing the market share of oil & gas.

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Advancement in features of explosion proof lighting is anticipated to provide a prosperous opportunity to the explosion proof lighting market growth

To reduce the combustion risk, the businesses deploy fixtures with approval ratings of Class 1 Division 1 (C1D1) and Class 1 Division 2 (C1D2) inside the facility. Further, fixtures that are designed for oil refineries come with advanced features such as water-tightness and corrosion-resistance. This pertains to frequent exposure to abrasive cleaning solutions. The constant exposure to corrosive agents and water and corrosive agents may cause failure to the lights. This can lead to a serious safety hazard, specifically for workers.

Europe is leading the explosion proof lighting market with a CAGR of 9.5%

The classification and certification for hazardous locations equipment in Europe are described under ATEX (ATmospheres EXplosibles) Directive, which is derived from standardizations established by CENELEC as well as the European Committee for Electrotechnical Standardization. Some of the major industries in the region include ferrous and non-ferrous metal production and processing, petroleum, coal, chemicals, cement, pharmaceuticals, aerospace, passenger and commercial vehicles, rail transportation equipment, industrial equipment, construction equipment, shipbuilding, electronics and telecommunications equipment, electrical power equipment, F&B, paper and textiles. Also, APAC is expected to witness the highest CAGR growth in the explosion proof lighting market during the forecast period.

Explosion Proof Lighting Market: Competitive Landscape and Key Developments

ABB Ltd, Abtech Ltd, Airfal International, Alfred Pracht Lichttechnik Gmbh, Atomsvet LLC, Cortem S.P.A., Eaton Corporation, Emerson Electric Co., General Electric, Glamox, and seventeen are among the key players in the global High-Speed Camera market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

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2019: Emerson announced its next-generation Appleton Areamaster LED is certified by the ATEX and the IECEx for Zone 1 encapsulation. The Appleton Areamaster Generation 2 Zone 1 LED 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.

2018: Abtech launched ExLED; a GRP linear LED fully certified, which is designed as a replacement for traditional 36W and 58W fluorescent luminaires, the ExLED is a superior quality LED linear for use in Zone 2 & 22 hazardous areas.

2018: Adolf Schuch GmbH launched Small LED-Light Fittings for hazardous areas in zones 1/21, the most common area for explosive atmospheres. 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.

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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