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Hazardous Lighting Market Size, Share & Growth Report | 2030
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Hazardous Lighting Market Size, Share & Growth Report | 2030

Segments - Hazardous Lighting Market by Types (LED Lighting, HID Lighting, Incandescent Lighting, and Fluorescent Lighting), Hazardous Zones (Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, and Zone 22), Classes (Class I, Class II, and Class III), End-user Industries (Oil & Gas, Power Generation, Chemical and Petrochemical, and Pharmaceutical), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Upcoming | Report ID :ICT-SE-2553 | 4.8 Rating | 66 Reviews | 189 Pages | Format : PDF Excel PPT

Report Description


The global hazardous lighting market size was valued at USD 1932 million in 2020 and is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed rapid growth of the manufacturing industry.

Global Hazardous Lighting Market Summary

Hazard lights or hazards are the indicator lights on a motor vehicle that flash simultaneously to signal that the vehicle is stopped, momentarily blocking traffic. Many vehicles utilize their front and rear signal lights to generate danger lights with a characteristic blinking pattern that may be used to notify other drivers of a hazard.

The COVID-19 pandemic has had an impact on various market. On the other hand, adoption of new tactics and seeking new financing resources to overcome the growing barriers to market expansion is stimulating the market growth.

  • Rising energy demand is drawing lot of investments, which is estimated to positively influence the market growth.
  • Increasing growth of variety of industries including mining, manufacturing, and energy is expected to propel the growth of the market.
  • Rising safety concerns in manufacturing facilities is anticipated to propel the market growth.
  • High cost of installation can create challenges for the market growth.
  • Increasing environmental concerns can restrain the growth of the market, as the quality of diode illumination is greatly reliant on the ambient operating temperature.
  • LED lighting for hazardous sites has the potential to reduce facility owners' operating and maintenance expenses. This can create remunerative opportunities for the market growth.

Scope of the Report

The report on the global hazardous lighting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Hazardous Lighting Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (LED Lighting, HID Lighting, Incandescent Lighting, and Fluorescent Lighting), Hazardous Zones (Zone 0, Zone 20, Zone 1, Zone 21, Zone 2, and Zone 22), Classes (Class I, Class II, and Class III), End-user Industry (Oil & Gas, Power Generation, Chemical and Petrochemical, Pharmaceutical)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Digital Lumens Inc.; Unimar Inc.; GE Lighting LLC; Emerson Industrial Automation; and Thomas & Betts Corporation (ABB Ltd)

Hazardous Lighting Market Segment Insights

LED lighting segment is expected to grow at a robust rate

Based on types, the market is divided into LED Lighting, HID lighting, incandescent lighting, and fluorescent lighting. The LED lighting segment is expected to grow at a rapid pace during the forecast period. Increasing replacement of natural lighting systems with LEDs, which have the ability to drastically reduce energy usage is driving the segment growth. Moreover, LEDs do not contain harmful substances and their disposal has less negative consequences.

Global Hazardous Lighting Market Types

Zone 1 segment is projected to expand at a considerable CAGR

On the basis of hazardous zones, the market is segregated into zone 0, zone 20, zone 1, zone 21, zone 2, and zone 22. The zone 1 segment is projected to expand at a considerable CAGR during the forecast period. Regulatory standards encourage the use of illumination and establish the criteria for classifying a work area as a hazardous area, as well as the ambiance surrounding an industrial or manufacturing facility. This is due to the fact that hazards can also include combustible gases, dust, which increases the demand for lighting.

Class I segment is expected to account for a significant market share

Based on classes, the hazardous lighting market is segregated into class I class II, and class III. The class I segment is expected to account for a significant market share during forecast period. Ongoing technological advancements, increasing number of applications in various industrial sectors, and expanding safety measures are some of the primary drivers that are boosting the market expansion.

Oil & gas segment to grow at a healthy rate

On the basis of end-user industries, the market is categorized as oil & gas, power generation, chemical and petrochemical, and pharmaceutical. The oil & gas segment is projected to expand at a considerable CAGR during the forecast period. Rising number of exploration activities is one of the major factors fueling the segment growth.

Global Hazardous Lighting Market End Users

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the hazardous lighting market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period. Region's high industrial and infrastructural growth and demand for power lighting systems are driving the regional market growth. Moreover, the ongoing and upcoming coal-to-gas switching program in China is fostering the growth of the market in the region.

Global Hazardous Lighting Market Region

Segments

The global hazardous lighting market has been segmented on the basis of

Types

  • LED Lighting
  • HID Lighting
  • Incandescent Lighting
  • Fluorescent Lighting
  • Others

Hazardous Zones

  • Zone 0
  • Zone 20
  • Zone 1
  • Zone 21
  • Zone 2
  • Zone 22
  • Others

 Classes

  • Class I
  • Class II
  • Class III

End-user Industries

  • Oil & Gas
  • Power Generation
  • Chemical
  • Petrochemical
  • Pharmaceutical

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Digital Lumens Inc.
  • Unimar Inc.
  • GE Lighting LLC
  • Emerson Industrial Automation
  • Thomas & Betts Corporation (ABB Ltd)

Competitive Landscape

The key players competing in the global hazardous lighting market are Digital Lumens Inc.; Unimar Inc.; GE Lighting LLC; Emerson Industrial Automation; Thomas & Betts Corporation (ABB Ltd).

Companies are engaging in partnerships, acquisitions, and mergers to expand their market share. Key players are partnering with local manufacturers and investing in R&D activities to enhance the manufacturing process to reduce the operation costs.
 

Global Hazardous Lighting Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hazardous Lighting Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Hazardous Lighting Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Hazardous Lighting Market - Supply Chain
  4.5. Global Hazardous Lighting Market Forecast
     4.5.1. Hazardous Lighting Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Hazardous Lighting Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Hazardous Lighting Market Absolute $ Opportunity
5. Global Hazardous Lighting Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Hazardous Lighting Market Size and Volume Forecast by Types
     5.3.1. LED Lighting
     5.3.2. HID Lighting
     5.3.3. Incandescent Lighting
     5.3.4. Fluorescent Lighting
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Hazardous Lighting Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Hazardous Lighting Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Hazardous Lighting Demand Share Forecast, 2019-2026
7. North America Hazardous Lighting Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Hazardous Lighting Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Hazardous Lighting Market Size and Volume Forecast by Types
     7.4.1. LED Lighting
     7.4.2. HID Lighting
     7.4.3. Incandescent Lighting
     7.4.4. Fluorescent Lighting
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Hazardous Lighting Demand Share Forecast, 2019-2026
8. Latin America Hazardous Lighting Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Hazardous Lighting Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Hazardous Lighting Market Size and Volume Forecast by Types
     8.4.1. LED Lighting
     8.4.2. HID Lighting
     8.4.3. Incandescent Lighting
     8.4.4. Fluorescent Lighting
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Hazardous Lighting Demand Share Forecast, 2019-2026
9. Europe Hazardous Lighting Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Hazardous Lighting Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Hazardous Lighting Market Size and Volume Forecast by Types
     9.4.1. LED Lighting
     9.4.2. HID Lighting
     9.4.3. Incandescent Lighting
     9.4.4. Fluorescent Lighting
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Hazardous Lighting Demand Share Forecast, 2019-2026
10. Asia Pacific Hazardous Lighting Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Hazardous Lighting Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Hazardous Lighting Market Size and Volume Forecast by Types
     10.4.1. LED Lighting
     10.4.2. HID Lighting
     10.4.3. Incandescent Lighting
     10.4.4. Fluorescent Lighting
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Hazardous Lighting Demand Share Forecast, 2019-2026
11. Middle East & Africa Hazardous Lighting Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Hazardous Lighting Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Hazardous Lighting Market Size and Volume Forecast by Types
     11.4.1. LED Lighting
     11.4.2. HID Lighting
     11.4.3. Incandescent Lighting
     11.4.4. Fluorescent Lighting
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Hazardous Lighting Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Hazardous Lighting Market: Market Share Analysis
  12.2. Hazardous Lighting Distributors and Customers
  12.3. Hazardous Lighting Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Digital Lumens Inc.
     12.4.2. Unimar Inc.
     12.4.3. GE Lighting LLC
     12.4.4. Emerson Industrial Automation
     12.4.5. Thomas & Betts Corporation (ABB Ltd)

Methodology

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