Press release
LED Explosion-Proof Lamp Market will reach 850 million US$ in 2023
LED Explosion-Proof lamp (also known as hazardous area lighting, hazardous location lighting and safe lights) have a hazardous area certification to provide efficient lighting for areas exposed to hazardous vapors, gases or dust.
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Global LED Explosion-Proof Lamp Market: Forecast by Type / Application / Region
This industry is highly fragmented. Most companies are small except for a few large companies. These small businesses have different levels of technical management and production management.
Especially in China, many small companies blindly imitate the products of large enterprises. In the competition, these companies often occupy the market by low prices. LED explosion-proof lamp industry concentration is too low, which can only rely on increasing the supervision of product quality and relying on the continuous purification of the market to gradually solve. With the continuous development of key enterprises in the industry, some small enterprises will gradually withdraw from the LED explosion-proof lamp market. Of the major players of LED-Based Lamps Used in Explosion-Proof Lighting, Ocean'S King Lighting maintained its first place in the ranking in 2017, followed by Eaton and Emerson Electric.
In this study, the market for LED Explosion-Proof lamp consumption divided into five geographic regions including North America, Europe,Asia-Pacific,Latin America and Middle East and Africa. Among all regions, Asia-Pacific is estimated to represent the highest share. In terms of value, the Asia Pacific (APAC) region is forecast to grow at a faster pace versus other regions during the forecast period, driven by use of the LED lamps in the commercial/ industrial (factory) application. The American region (South, Central and North America) region, pushed initially by the mining and oil-relation sub-applications and is forecast later-on to hold strong market positions in commercial/industrial, mining/oil-related, as well as the military and transportation-oriented sectors. The Europe, Middle East and African (EMEA) region, driven by its use of explosion-proof lighting in the oil-related industry, is forecast for slightly faster growth than the American region.
The worldwide market for LED Explosion-Proof Lamp is expected to grow at a CAGR of roughly 8.0% over the next five years, will reach 850 million US$ in 2023, from 540 million US$ in 2017, according to a new GIR (Global Info Research) study.
This report focuses on the LED Explosion-Proof Lamp in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Nonferrous Metal Recycling Market:Key Players
Ocean'S King Lighting
Eaton
Emerson Electric
Iwasaki Electric
Glamox
Hubbell Incorporated
AZZ Inc.
Shenzhen KHJ Semiconductor Lighting
Adolf Schuch GmbH
Shenzhen Nibbe Technology
Phoenix Products Company
Western Technology
AtomSvet
LDPI
Zhejiang Tormin Electrical
Unimar
IGT Lighting
WorkSite Lighting
Oxley Group
TellCo Europe Sagl
DAGR Industrial Lighting
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Related Information:
United States LED Explosion-Proof Lamp Market 2018 Forecast to 2023
Europe LED Explosion-Proof Lamp Market 2018 Forecast to 2023
North America LED Explosion-Proof Lamp Market 2018 Forecast to 2023
Asia-Pacific LED Explosion-Proof Lamp Market 2018 Forecast to 2023
China LED Explosion-Proof Lamp Market 2018 Forecast to 2023
EMEA LED Explosion-Proof Lamp Market 2018 Forecast to 2023
Global LED Explosion-Proof Lamp Market 2018 Forecast to 2023
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