Press release
Explosion-Proof Lighting Market Growth Rate, Top Regions, Key Players and Forecast to 2031
The global explosion-proof lighting market is anticipated to grow at a CAGR of around 6.7% during the forecast period (2024-2031). The global explosion-proof lighting market is driven by the factors such as growing industrialization across the globe, stringent government regulation towards the installation of explosion-proof lighting in hazardous environments, increasing incentives for oil & gas, chemical & pharmaceutical projects, and customer shift towards the connected lighting solution from traditional lighting. The upcoming oil & gas, and chemical & pharmaceutical projects such as Basra Gas Gathering Project in Iraq and Abu Dhabi Northwest Development Project in UAE are expected to generate the demand for explosion-proof lightings as the conditions under these industries are highly explosive and reactive to the outside environment. Therefore, many companies are now focusing on expanding the production of oil & gas assets by growing their business through the establishment of oil & gas stations globally. For instance, in Moscow, the oil & gas industry is expected to spur by doubling the production of petrochemical to nearly 20 million metric tons/year by 2030. Moreover, 676 projects are set to begin their operation in 2021-2025 in China, under these projects, 512 will be of the petrochemical sector. Whereas, it is expected that, the chemical & petrochemical industry in India will grow to $300 billion by 2025 as per Invest India. Thus, there is a high demand for hazardous lighting in these countries, especially for LED lighting.Get Free Sample link @ https://www.omrglobal.com/request-sample/explosion-proof-lighting-market
Moreover, the major players are also contributing to the growth of the market by introducing explosion-proof lighting with enhanced features and wireless connectivity. For instance, in November 2020, Eaton launched HPLN Ex LED explosion-proof lighting designed to offer durable performance in hazardous conditions. These new launches can be projected to grow to drive the growth of the market. Considering these, considerable growth can be expected during the forecast period.
Full report of Explosion-Proof Lighting Market available @ https://www.omrglobal.com/industry-reports/explosion-proof-lighting-market
Market Coverage
Segment Covered-
o By Type
o By Light Type
o By End-User
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- ABB Ltd, Abtech Ltd, Adolf Schuch GmbH, Eaton Corp PLC, Emerson Electric, GE Lighting LLC, Hubbell Inc., Phoenix Products LLC, Philips Lighting Holding B.V, Unimar Inc., Osram Licht AG, among others
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Explosion-Proof Lighting Market Report Segment
By Type
Fixed Lighting
Mobile Lighting
Small & Portable Lighting
By Light Type
Incandescent
Fluorescent
LED
HID
By End-User
Oil & Gas
Mining
Food & Beverage
Manufacturing & Power Plant
Chemical & Pharmaceutical
Others (Transportation, Military Bases)
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/explosion-proof-lighting-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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