Press release
Hazardous Location LED Lighting Market Size, Status and Business Growth 2020 to 2025
The hazardous location LED lighting market was valued at USD 383.03million in 2019, and is expected to reach USD 723.49million by 2025, registering a CAGR of 11.20%, over the forecast period of (2020 - 2025)
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Top Companies in the Global Hazardous Location LED Lighting Market are Thomas & Betts Corporation (ABB Ltd), R. Stahl Limited, Emerson Automation Solutions (Appleton), NJZ Lighting, Digital Lumens Inc., Larson Electronics, Current, Powered by GE, Chalmit (Hubbell Inc.), Cooper Industries (Eaton Group), Dialight PLC, Hilclare Lighting and Other
Key Market Trends
Coal Owing to Low Electricity Consumption Will Increase the Market Share in Future
- Due to the increasing adoption of LED lighting, switching to LED lights can reduce kWh energy usage by between 50 70% in coal mining. Each diode can be controlled through lensing to aim the light exactly where it is needed and eliminate light pollution, light spill and glare. This is the most prominent characteristic of LEDs that allows for control and energy waste reduction. It can decrease light pollution by up to 50% and energy waste by up to 70%.
- Operators of a coal mine consider a retrofit of the 1000 W HID floodlights on a shovel. They can choose to simply purchase 13 new 1000 W lamps or they could retrofit the shovel with the comparable 300 W LED floodlights. If they select the LED option, the coal mine will see a 70% decrease in lighting-related energy usage, as well as an estimated 85% reduction in lighting-related maintenance.
- LED technology presents a dimming control features. A system can be installed that controls the light output from 0 100% for certain areas that do not require full illumination at all times. Adjustments can be made for the time of day and the type of activity occurring in the illuminated area in mining which saves the energy consumption.
- A coal mine in Mpumalanga, South Africa has increased its operational efficiency and environmental credentials after adopting LED light towers from Atlas Copco Portable Energy. As a result of adopting LED technology, the coal mine has increased its above ground light tower coverage by 25% compared to the metal halide lamps it used previously. In addition, the mine has realised average light tower fuel consumption savings of 60% and a reduction in associated CO2 emissions of up to 70%.
Europe to Account for a Significant Share
- Europe is gaining the market share as the stringent worker safety regulations coupled with supporting government regulations are promoting the growth of the LED manufacturing sector in the region leading to the demand of LED lighting in hazardous locations in Europe.
- Higher productivity levels and competitive tax systems are other factors driving pharmaceutical manufacturing in this region which in turn driving the hazardous location lighting market, specifically LED lights, for their improved efficiency and reliability. The region has immense potential for hazardous location lights in the oil and gas sector due to the presence of companies, such as Wintershell and DEA AG as well as a robust power sector.
- As oil prices continue to rebound, Russia plans on bringing in billions of dollars into the federal budget and billions in revenues for energy companies by strengthening its diplomatic ties with Japan, Qatar, Iran, and potentially, the United States. This is expected to pump up the production in the oil and gas industry in Russia, which is in turn, expected to drive the hazardous location led light market.
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Significant Features that are under Offering and Key Highlights of the Reports:
• Detailed overview of Hazardous Location LED Lighting Market
• Changing Hazardous Location LED Lighting market dynamics of the industry
• In-depth market segmentation by Type, Application, etc.
• Historical, current, and projected Hazardous Location LED Lighting market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape of Hazardous Location LED Lighting Market
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth.
Finally, Hazardous Location LED Lighting Market report is the believable source for gaining market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Hazardous Location LED Lighting industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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1- Country-level analysis for any 5 countries of your choice.
2- Competitive analysis of any 5 key market players.
3- 40 analyst hours to cover any other data points
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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