New Research On Hazardous Location Lighting Market Growth by Top Key Companies: GE Lighting, Dialight Corporation, Eaton, Emerson Electric, Acuity Brands, Hubbell incorporated, Kenall Manufacturing, AZZ Inc., LDPI, Nemalux and Thomas & Betts Corporation

Hazardous Location Lighting Market Overview:
A hazardous location is defined as a place where concentrations of flammable gases, vapours or dust occur. The electrical equipment that will be installed in such locations is specially designed and tested to ensure that it does not explode due to contact with the arc or the high temperature of the equipment surface.

The Hazardous Location Lighting Market was worth USD XX Million in 2016 and is estimated to be valued at USD XX Million by the year 2022 growing at a CAGR of XX% during the forecast period 2016 to 2022.

Avail Sample of the report @ https://www.researchcosmos.com/request/global-hazardous-location-lighting-market-report-2018-i/1148257

In 2016, the Sales of Hazardous Location Lighting was about 97,571,000 Units and by the year 2022, it is anticipated to reach 171,696,000 Units in terms of volume. Hazardous environments are high-risk places where potentially explosive materials or harmful substances are manufactured or processed that can react with the external environment. The importance of installing safe and efficient lighting solutions in these environments cannot be ignored since they are usually located in very remote and inaccessible locations. According to the US Department of Labor, 318 deaths in the manufacturing industry and 89 deaths in the mining and quarrying industry were reported in the United States in 2016, it is essential to provide appropriate lighting solutions in these areas.

Drivers and Restraints:
Recent regulatory changes in the United States have led to the elimination of mercury vapour ballasts and metal halide lights, which require specialized lighting in hazardous areas. The LEDs are robust, reliable, versatile, directional, and capable of cold start, efficient, non-toxic and durable. In recent years, there has been continuous technological progress in the manufacture of bright white LED luminaires for industrial lighting. Therefore, they are a good choice for LEDs because they are able to quickly replace traditional incandescent lamps. Leading companies have the advantages of better performance, more abundant types of products, better technical after-sales service and no failures. As a result, they take most of the market share of the high-end market. In the coming years, the slow downward trend in prices will continue. As competition intensifies, the price difference between the different brands will be reduced. In the same way, the gross margin will fluctuate.

Geographical Insights:
Geographically the Global Hazardous Location Lighting Market is segmented into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa regions. Europe region is said o be the largest market in terms of market share. In addition, North America and Latin America regions are estimated to be claiming the significant share of the global market in the following years. Also, Asia Pacific region is estimated to be growing at a higher pace with decent CAGR in forecasted years.

Browse More Details of the report and TOC @ https://www.researchcosmos.com/reports/global-hazardous-location-lighting-market-report-2018-industry-analysis-trends-and-market-over/1148257

Key Players of Hazardous Location Lighting Market
GE Lighting, Dialight Corporation, Eaton, Emerson Electric, Acuity Brands, Hubbell incorporated, Kenall Manufacturing, AZZ Inc., LDPI, Nemalux, Thomas & Betts Corporation (ABB), Cree, Unimar, Phoenix Products Company, Larson Electronics, Western Technology, Solas Ray Lighting (Continental Inc), and Lind Equipment are the major players of the Hazardous Location Lighting Market.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

Make an Inquiry before buying @ https://www.researchcosmos.com/inquire/global-hazardous-location-lighting-market-report-2018-i/1148257

Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

Kevin Stewart
kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
LinkedIn - https://www.linkedin.com/company/market-research-cosmos
Twitter - https://twitter.com/researchcosmos
Google+ - https://plus.google.com/109756852849129986268
Facebook - https://www.facebook.com/researchcosmos/

This release was published on openPR.