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Hazardous Location LED Lighting Market 2021 Analysis by Global Manufacturers - Thomas & Betts Corporation (ABB Ltd),  R. Stahl Limited,  Emerson Automation Solutions (Appleton)

10-14-2021 10:09 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Insights Reports

Qualitative Analysis Of Hazardous Location LED Lighting Market Revenue & Industry Analysis By 2025

The hazardous location LED lighting market was valued at USD 383.03 million 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).

Hazardous Location LED Lighting market research report adoption is becoming very essential for the businesses as it supports with the better decision making and revenue generation. The Hazardous Location LED Lighting market prioritizing market goals and profitable market business. Today’s businesses call for the highly focused and detail-oriented information about the Hazardous Location LED Lighting Market so that they get a clear idea about the market landscape and gives businesses clear idea of what is already available, what the Hazardous Location LED Lighting market expects, and what can be done to outshine the Hazardous Location LED Lighting market competitors.

MarketInsightsReports’ started selling "Hazardous Location LED Lighting Market Report " from October 10 2021. It also describes Hazardous Location LED Lighting market player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis and based on that recommendation on players is derived like 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),  Di and among other domestic and global players. 

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https://www.marketinsightsreports.com/reports/01091745693/hazardous-location-led-lighting-market-growth-trends-and-forecast-2020-2025/inquiry?Source=OpenPR&Mode=Eliza

This sample report includes:

A brief introduction to the Hazardous Location LED Lighting market research report.
Top players in the Hazardous Location LED Lighting market with their revenue analysis.
Selected illustrations of Hazardous Location LED Lighting market insights and trends.
Example pages from the Hazardous Location LED Lighting market report.

Hazardous Location LED Lighting Market Scenario:

Hazardous Location LED Lighting Market - Growth, Trends, and Forecast (2020 - 2025) Hazardous Location LED Lighting market is expected to gain market growth in the forecast period of 2021 to 2027. According to MarketInsightsReports Research’ The hazardous location LED lighting market was valued at USD 383.03 million 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). The Asia-Pacific region has approximately 66.40% of the major share in 2019.Growing demand of the Hazardous Location LED Lighting for industrial applications, industry will accelerate huge market growth especially in Hazardous Location LED Lighting industry in terms of (Revenue USD), Market Drivers, and Market Restraints. Market report research and development activities, product launches in the Market helps to identify opportunities in market place.

Industry News and Updates On Hazardous Location LED Lighting Market-

Increasing government regulations promoting LED lighting for worker safety in remote and hazardous areas is driving the market. Governments and public organizations across the world are bracing down on the use of incandescent lamps as when incandescent light and high-pressure sodium gets easily compounded due to surrounding reactive gases, maintenance issues are highly created. The United States has been at the forefront of LED adoption, supported by the introduction of reforms, such as Energy Star Program, which mandates lighting applications to adhere to industry standards such as IEC, NEC and test procedures.

- Regulatory standards promoting the replacement of traditional lighting with LED is driving the market as high power LED provides a high luminous and high efficient for using as a lighting source and LED solution offers corrosion and vapour resistance, in comparison to traditional lighting, which is growing the market.

- LEDs, however, produce high temperature during the operation especially for the high power LED. When working at the full power condition, high power LED generates around 100_C and there is no thermal management strategy for it, which is a challenge for the market.

Key Market Trends On Hazardous Location LED Lighting Market-

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%.

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Competitive Landscape On Hazardous Location LED Lighting Market-

May 2019 - Emerson introduced a new solution for the oil and gas industry to easily and safely illuminate land-based drilling rigs. The Appleton linear luminaire, streamlines the cumbersome and time-consuming task of installing and maintaining bright, energy-efficient lighting in hazardous areas on drilling rigs. The Appleton Rigmaster solves these challenges by integrating LED technology into a lightweight, low-profile package that performs durably, is resistant to harsh conditions and damaging vibrations, yet allows faster, safer installations throughout the drilling rig.

Market Segmentation-

Market Trends-

Technological Upgradations in Hazardous Location LED Lighting market manufacturing techniques.

Customized or Personalized Hazardous Location LED Lighting Report According to Changing Consumer Preferences.

Adoption of Overview in Hazardous Location LED Lighting

Market Drivers:

High Durability and Flexibility

Increasing Domestic as well as International Trades

Higher Incomes

Challenges:

Restriction Imposed by Governments Regarding Use of Particular Hazardous Location LED Lighting

Increase in Global Hazardous Location LED Lighting

Low-Profit Margin

Opportunities:

Introduction to Hazardous Location LED Lighting

Minimize undesirable Environmental Effects

Regional Analysis On Hazardous Location LED Lighting Market-

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.

COVID-19 Impact Analysis:

In this report, the pre- and post-COVID impact on the market growth and development is well depicted for better understanding of the Market based on the financial and industrial analysis. The COVID-19 pandemic has affected a number of market and Global Hazardous Location LED Lighting Market is no exception. However, the dominating players of the Global Hazardous Location LED Lighting Market are adamant to adopt new strategies and look for new funding resources to overcome the rising obstacles in the market growth.

Thinking One Step Ahead-

“Market Research Methodology - Perfected through Years of Diligence”

In today’s competitive world you need to think one step ahead to pursue your competitors, our research offers reviews about key players, major collaborations, union & acquisitions along with trending innovation and business policies to present a better understanding to drive the business in the correct direction.

In conclusion, the Hazardous Location LED Lighting Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and Porters Five analysis is also incorporated in the report. We even do customized Reports for our customers; we can add the list of Manufactures or application type or product type that you need in the report.

Conclusively, this report will give you a pronounced perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Customization Of The Report-

This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@marketinsightsreports.com ), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on + 1704 266 3234 to share your research requirements.

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