Hazardous Location LED Lighting Market to Reflect Impressive Growth Rate of 11.17% by 2023 | Global Key Company’s - Larson Electronics, Cooper Industries, Dialight, Nemalux LED Lighting, Federal Signal, RAB Lighting, LDPI, Intertek

Marketprognosis.com Publish a New Market Research Report On “Global Hazardous Location LED Lighting Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Hazardous Location LED Lighting Market:

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.

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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.

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.

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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.

Major Key Players:

1 Larson Electronics

2 Cooper Industries (Eaton Group)

3 Dialight PLC

4 Nemalux LED Lighting

5 Federal Signal Corporation

6 RAB Lighting

7 LDPI Inc.

8 Intertek and More………………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Hazardous Location LED Lighting Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Market Insights

4 Market Dynamics

5 Technology Snapshot

6 Global Hazardous Location LED Lighting Market Segmentation

7 Competitive Intelligence - Company Profiles

8 Investment Analysis

9 Outlook of the Hazardous Location LED Lighting Market

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