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Hazardous Location Lighting Market Size, Share, Development by 2024– Top Key players like GE Lighting,Emerson Electric,Eaton,Inc.
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A hazardous location is defined as a place where concentrations of flammable gases, vapors or dusts occur. Electrical equipment that must be installed in such locations is specially designed and tested to ensure it does not initiate an explosion, due to arcing contacts or high surface temperature of the equipment.
Recent changes in the regulations in the US has led to the discontinuation of mercury vapor ballasts and metal halide luminaires, which has demanded a need for specialized lighting in hazardous areas. LEDs are sturdy, reliable, versatile, directional, cold start capable, efficient, non-toxic and durable. In the past few years, there has been a continuous technological advancement in manufacturing the bright white LED fixtures for industrial lighting. Hence, they are a good choice for indicator lamps as they are capable of replacing the traditional incandescent lamps at a fast rate.
The key players are Dialight Corporation, GE Lighting, Emerson Electric, Eaton, Hubbell ncorporated, Acuity Brands, AZZ Inc., Kenall Manufacturing, Nemalux, LDPI, Cree, Thomas & etts Corporation (ABB), Phoenix Products Company, Larson Electronics, Unimar, Solas Ray Lighting (Continental Inc), Western Technology, Lind Equipment.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
According to this study, over the next five years the Hazardous Location Lighting market will register a 7.1% CAGR in terms of revenue, the global market size will reach US$ 190 million by 2024, from US$ 140 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hazardous Location Lighting business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Dialight Corporation
GE Lighting
Emerson Electric
Eaton
Hubbell Incorporated
Acuity Brands
AZZ Inc.
Kenall Manufacturing
Nemalux
LDPI
Cree
Thomas & Betts Corporation (ABB)
Phoenix Products Company
Larson Electronics
Unimar
Solas Ray Lighting (Continental Inc)
Western Technology
Lind Equipment
Market Segment by Type, covers
LED
Fluorescent
Incandescent
High Pressure Sodium
Market Segment by Applications, can be divided into
Oil & Gas
Mining
Industrial
Power Generation
Public & Infrastructure
Others
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Related Information:
North America Hazardous Location Lighting Market Growth 2019-2024
United States Hazardous Location Lighting Market Growth 2019-2024
Asia-Pacific Hazardous Location Lighting Market Growth 2019-2024
Europe Hazardous Location Lighting Market Growth 2019-2024
EMEA Hazardous Location Lighting Market Growth 2019-2024
Global Hazardous Location Lighting Market Growth 2019-2024
China Hazardous Location Lighting Market Growth 2019-2024
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