Press release
Hazardous Lighting Market 2021 Global Insights and Business Scenario - Digital Lumens Inc., Unimar Inc., GE Lighting LLC, Chalmit Lighting Limited
“The Hazardous Lighting Market Research Report” examines the existing as well as the sequential performance of the worldwide market. The report also calculates the forthcoming status of the Hazardous Lighting market based on thorough analysis. By providing exploratory techniques such as qualitative and quantitative analysis the report presents a comprehensive analysis of market progression. The report provides a Graphical presentation of information through charts, (graphs, diagrams as well as pictures) and an easy understanding of the market to readers.In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
The Hazardous Lighting market was valued at USD 1893.43 million in 2019and is expected to reach USD 3032.23 million by 2025, at a CAGR of 7.2% over the forecast period 2020 - 2025.
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Scope of the Report:
The hazardous lighting market is attributed to the substitution of older lighting technologies by newer ones, due to their longer operational lifespan, lower energy consumption, and higher operating temperature range. Increasing adoption among different end-user industries such as oil & gas, power generation, pharmaceutical is boosting the growth of the market.
Prominent Players in the global Hazardous Lighting market are –
Thomas & Betts Corporation (ABB Ltd), Emerson Industrial Automation, Digital Lumens Inc., Unimar Inc., GE Lighting LLC, Chalmit Lighting Limited, Worksite Lighting LLC, Hilclare Limited, AZZ Lighting Systems, Larson Electronics., and Other.
Industry News:
June 2019 - R.STAHL TRANBERG, a leading provider of marine lighting and electrical heating services and part of the R.STAHL GROUP launched the TRANBERG BlueLine Lighting Series, which is a portfolio of high quality, cost-effective and next-generation lighting for the maritime and offshore oil & gas sector. This will increase functionalities and greater flexibility and resolution in searchlight operations, with the ability to move faster and incorporate both vertical and horizontal movements.
This report also splits the market by region:
North America
Europe
Asia-Pacific
South America
Middle East, and Africa
This Report Provides Comprehensive Analysis Of:
Key market segments and sub-segments
Evolving market trends and dynamics
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
For More Information On This Report, Please Visit:
https://www.marketinsightsreports.com/reports/01091745684/hazardous-lighting-market-growth-trends-and-forecast-2020-2025
Key Market Trends:
Asia-Pacific to Gain Significant Market Share
- Asia-Pacific is expected to account for a significant market share owing to the high industrial and infrastructure development in the region and the need for energy-efficient lighting technologies across the hazardous industrial application is increasing.
- Growth in Chinese demand for LNG in line with its coal-to-gas switching policy coincides with rising demand for LNG in Asia-Pacific, by which new oil and gas plant project is projected to grow in India, China and Indonesia, which will increase the demand of lighting in the hazardous location in oil and gas industry.
- Moreover, China has 305 planned and announced petrochemical plants, with a total capacity of about 152.4 mtpa, by 2030 with major capacity additions coming from Hengli Petrochemical and China Petrochemical Corp., due to which there is high demand of hazardous lighting in this country, especially for LED lighting as China has the most significant market regarding LED Lights
Some key points of Hazardous Lighting Market research report:
Business description-A detailed Overview of the Hazardous Lighting Industry.
Telescopic Outlook – The Global Hazardous Lighting Market report offers product overview, Hazardous Lighting share, supply chain analysis, demand and supply ratio, and import/export details.
Market Dynamics – Readers are provided with a comprehensive analysis of market challenges, influence factors, drivers, opportunities, and trends.
Key Competitors – Hazardous Lighting Market-leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Major Products – Hazardous Lighting brands, services, and products of the company.
Readability – Hazardous Lighting market report includes graphical representation of data in the form of tables, graphs, and pie-charts that makes the report highly readable and easy to understand.
Expert Analysis – Sales revenue, Future Strategies, Innovation and Technological trends, factors impacting development, SWOT.
In the end, the Hazardous Lighting Market report makes some important proposals for a new project of Hazardous Lighting Industry before evaluating its feasibility. With Tables and figures helping analyze the global Hazardous Lighting market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
We Offer Customization on report based on specific client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
ABOUT US:
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.
Contact US:
Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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