Hazardous Location LED Lighting Market is expected to CAGR of 11.17% to reach a market share of USD 585.19 million by 2023 |Major Vendors - GE LIGHTING, INTERTEK, COOPER INDUSTRIES, EMERSON INDUSTRIAL AUTOMATION, THOMAS & BETTS CORPORATION, DIALIGHT PLC,

Market Analysis:

Europe Accounted for the Largest Share in the Market
Due to the presence of some of the major oil & gas companies, in addition to a robust power sector, Europe has an immense potential for hazardous location LED lights.

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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. 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. The oil, gas, and petrochemical industries, at a faster growth rate

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Market Segments:
Hazardous Location LED Lighting Market is segmented by:
1. Type: LED Cart Light, LED Flash Light,LED Flood Light, Offshore Skid Lighting, LED Ladder Mount Light, Other Types
2. Class: Class I, Class II, Class III
3. Hazardous Zone: Zone 0, Zone 20, Zone 1, Zone 21, Zone 2,Zone22
4. End-user Vertical:Oil & Gas, Power Generation, Industrial, Petrochemical, Pharmaceutical Processing, Other End-user Vertical
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• August 2017 - Larson launched two new products that added to their product portfolio and enhanced the value of the firm. • August 2017 - Kenall launched 6-inch modular downlights, which were designed to perform efficiently for years and are tightly sealed, suitable for pharmaceutical processing and military installations.
• January 2017 - Intertek was accredited by the US Occupational Safety and Health Administration (OSHA), to certify electrical products intended for use in hazardous locations under the zone classification system, which is used widely across the globe.

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