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Explosion-Proof Lighting Market Analysis by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent) , Region , Scope, Market Trends, Size and Forecast Report 2024-2028

Explosion-Proof Lighting Market Analysis by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent) , Region , Scope, Market Trends, Size and Forecast Report 2024-2028

Published: Oct 2024 210 Pages SKU: IRTNTR80278

Market Overview at a Glance

$133.13 K
Market Opportunity
6.4%
CAGR
5.0
YoY growth 2023-2024(%)

Explosion-Proof Lighting Market Size 2024-2028 

The explosion proof lighting market size is forecast to increase by USD 133.13 thousand at a CAGR of 6.4% between 2023 and 2028.

  • The market is driven by the increasing demand for safety measures in industries handling explosive materials. This market is witnessing significant growth due to the need for sparks containment in hazardous areas to prevent industrial accidents. Volatile environments, such as oil and gas refineries and chemical plants, require strong lighting solutions with anti-explosive designs. The introduction of advanced light enclosures and grade optics in explosion-proof lighting is a key trend, enhancing safety and efficiency. However, supply chain disruptions due to geopolitical tensions and raw material shortages pose challenges to market growth. To mitigate these challenges, manufacturers are focusing on improving their production capabilities and expanding their supplier networks.

What will be the Size of the Explosion-Proof Lighting Market During the Forecast Period?

Explosion-Proof Lighting Market Size

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  • The explosion proof lighting market plays a crucial role in providing illumination in hazardous environments where the risk of explosions due to the presence of flammable gases and vapors is imminent. These environments demand specialized lighting solutions that adhere to stringent safety precautions. Standard lighting fixtures are not suitable for such conditions as they pose a significant risk due to the potential for sparks that could ignite explosive gases or vapors. In contrast, explosion-proof lighting fixtures are designed with an ex proof design to prevent any ignition sources, such as bulbs, contacts, wiring, and switches, from causing an explosion in a flammable atmosphere.
  • Furthermore, the maintenance costs associated with explosion-proof lighting fixtures are a significant consideration for businesses operating in hazardous environments. These fixtures are designed for longevity, reducing the need for frequent maintenance and downtime. Explosion-proof lighting fixtures are essential for ensuring safety in environments where the risk of explosions due to the presence of explosive gases and vapors is a constant concern. These fixtures are engineered to meet the unique challenges of hazardous environments, providing reliable illumination while minimizing the risk of ignitions and ensuring the safety of workers and equipment.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD thousand" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Type
    • Linear
    • Flood
    • High bay and low bay
  • End-user
    • Oil and gas
    • Mining
    • Chemical and petrochemical
    • Others
  • Geography
    • North America
      • Canada
      • US
    • Europe
      • Germany
      • UK
      • France
      • Italy
    • APAC
      • China
      • India
      • Japan
      • South Korea
    • Middle East and Africa
    • South America

By Type Insights

  • The linear segment is estimated to witness significant growth during the forecast period.

The market caters to hazardous environments where the presence of explosive gases or vapors poses a risk. Safety precautions are paramount in such settings to prevent sparks that could ignite these flammable substances. Linear explosion-proof lighting is a preferred choice due to its versatility, efficiency, and compatibility with various industrial applications. In response to the increasing demand for low-profile, lightweight, and energy-efficient lighting solutions, Emerson introduced an expansion to its Appleton Rigmaster LED linear luminaires in January 2023. These luminaires can be utilized in explosive-proof, hazardous, and ordinary industrial locations, expanding their reach across multiple industries. They are particularly advantageous for environments with high levels of dirt, dust, and moisture, such as underground tunnels, foundries, warehouses, and food processing plants.

Explosion-Proof Lighting Market Size

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The linear segment was valued at USD 135,263.90 in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

  • North America is estimated to contribute 39% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Explosion-Proof Lighting Market Share by Geography

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The North American market is experiencing notable expansion due to escalating safety concerns and technological innovations. In the US alone, fire departments dealt with around 1.5 million fires in 2022, leading to 3,790 civilian fatalities, and 13,250 injuries. These statistics underscore the necessity of reliable explosion-proof lighting systems to prevent accidents and ensure safety in hazardous environments. Compliance with stringent safety regulations in various industries further fuels the demand for these lighting solutions. Key features such as greater mobility, resistance to vibrations, thicker tempered glass, and energy efficiency contribute to their popularity.

Moreover, their extended lifespan makes them a cost-effective investment for businesses operating in explosive or hazardous conditions. Explosion-proof lighting is essential for maintaining safety in industries like oil and gas, chemical processing, and mining, where the risk of fires and explosions is inherent. By investing in these advanced lighting systems, businesses can mitigate potential risks, minimize downtime, and protect their employees and assets.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Explosion-Proof Lighting Market?

Launch of new power plants is the key driver of the market.

  • The market is experiencing notable expansion due to the rising demand for safety devices in various industries, particularly in the oil and gas sector. The need for explosion-proof lights and cameras is increasingly crucial to ensure safety measures are in place in potentially hazardous environments. According to industry reports, the global market cap for explosion-proof lighting is projected to grow at a steady pace in the coming years. One recent development in the energy sector is Wartsila's introduction of a large-scale, hydrogen-ready engine power plant. This innovative power plant, which utilizes the Wartsila 31 engine platform, is designed to meet the advanced safety and efficiency standards required for net-zero power systems.
  • Key features of this power plant include rapid grid synchronization within 30 seconds, enhanced energy security through fuel flexibility, and high load-following capabilities. The increasing adoption of such advanced technologies in the energy sector is driving the demand for explosion-proof lighting solutions that can withstand the rigors of hazardous environments. As the market continues to evolve, it is expected to offer significant growth opportunities for manufacturers and suppliers of explosion-proof lighting systems.

What are the market trends shaping the Explosion-Proof Lighting Market?

The introduction of grade optics in explosion-proof lighting is the upcoming trend in the market.

  • The market is experiencing notable progress, with a focus on durability and low maintenance costs for lighting solutions in hazardous environments. In response to this demand, leading companies are introducing specialized equipment, such as the new EX20-100 explosion-proof light from ARCHON Industries Inc.
  • This luminaire is designed for continuous illumination in critical industrial applications, including process vessels, tanks, and distillation columns, which can be found in both hazardous and non-hazardous zones. The EX20-100 boasts a high-power CREE COB LED and a reinforced LED driver, ensuring superior reliability and performance. Its excellent mobility makes it a cost-effective solution for illumination in confined spaces. This new explosion-proof light is a testament to the innovation and commitment to safety in the industry.

What challenges does Explosion-Proof Lighting Market face during its growth?

Disruptions in the supply chain is a key challenge affecting the market growth.

  • The market is experiencing notable progress, with a focus on durability and low maintenance costs for lighting solutions in hazardous environments. In response to this demand, leading companies are introducing specialized equipment.
  • Furthermore, this luminaire is designed for continuous illumination in critical industrial applications, including process vessels, tanks, and distillation columns, which can be found in both hazardous and non-hazardous zones. Its excellent mobility makes it a cost-effective solution for illumination in confined spaces. This new explosion-proof light is a testament to the innovation and commitment to safety in the industry. 

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Explosion-Proof Lighting Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • ABB Ltd.
  • Abtech UK
  • Adolf Schuch GmbH
  • Cortem S.p.A
  • Eaton Corp plc
  • Emerson Electric Co.
  • Glamox AS
  • Hubbell Inc.
  • Koninklijke Philips N.V.
  • Larson Electronics LLC
  • LDPI Inc.
  • LEDVANCE GmbH
  • NORKA
  • Phoenix Products LLC
  • TECNOVIDEO S.R.L
  • Unimar Inc.
  • Victor Products Ltd.
  • WorkSite Lighting LLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

In the realm of industrial lighting, explosion-proof lighting holds significant importance in hazardous environments where the risk of explosive gases, vapors, and flammable atmospheres is prevalent. These lighting fixtures are meticulously designed to prevent sparks and ignitions, ensuring safety in volatile environments. Standard lighting fixtures are not suitable for such conditions, as they may contain components that could potentially ignite explosive materials. Explosion-proof lights are encased in sturdy material, often made of steel or aluminum, with durable lenses and thicker tempered glass to withstand harsh working conditions. The internal housing unit is designed with high durability, resistance to vibrations, and energy efficiency, contributing to a longer lifespan.

Furthermore, safety measures such as safety devices, explosion-proof cameras, and explosion-proof lighting are crucial in industries dealing with hazardous materials, including oil and gas, and in confined spaces. These lights are not only cost-effective but also offer greater mobility and excellent mobility, making them an essential component in industrial settings. The global market for explosion-proof lighting is expected to grow, driven by the increasing demand for special equipment in industries with a high risk of industrial accidents. These anti-explosive designs feature ex-proof lights, strong frames, and low maintenance costs, making them a valuable investment in volatile environments.

Market Scope

Report Coverage

Details

Page number

210

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.4%

Market Growth 2024-2028

USD 133.13 thousand

Market structure

Fragmented

YoY growth 2023-2024(%)

5.0

Key countries

US, China, Germany, UK, Canada, Japan, India, France, Italy, and South Korea

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by Type
    • Executive Summary - Chart on Market Segmentation by End-user
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

  • 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • 2.2 Criticality of inputs and Factors of differentiation
    • Overview on criticality of inputs and factors of differentiation
  • 2.3 Factors of disruption
    • Overview on factors of disruption
  • 2.4 Impact of drivers and challenges
    • Impact of drivers and challenges in 2023 and 2028

3 Market Landscape

  • 3.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 3.2 Market characteristics
    • Market characteristics analysis
  • 3.3 Value chain analysis
    • Value Chain Analysis

4 Market Sizing

  • 4.1 Market definition
    • Offerings of companies included in the market definition
  • 4.2 Market segment analysis
    • Market segments
  • 4.3 Market size 2023
    • 4.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ thousand)
      • Data Table on Global - Market size and forecast 2023-2028 ($ thousand)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    5 Historic Market Size

    • 5.1 Global Explosion-Proof Lighting Market 2018 - 2022
      • Historic Market Size - Data Table on Global Explosion-Proof Lighting Market 2018 - 2022 ($ thousand)
    • 5.2 Type segment analysis 2018 - 2022
      • Historic Market Size - Type Segment 2018 - 2022 ($ thousand)
    • 5.3 End-user segment analysis 2018 - 2022
      • Historic Market Size - End-user Segment 2018 - 2022 ($ thousand)
    • 5.4 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ thousand)
    • 5.5 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ thousand)

    6 Qualitative Analysis

    • 6.1 Impact of AI on Global Explosion-Proof Lighting Market

      7 Five Forces Analysis

      • 7.1 Five forces summary
        • Five forces analysis - Comparison between 2023 and 2028
      • 7.2 Bargaining power of buyers
        • Bargaining power of buyers - Impact of key factors 2023 and 2028
      • 7.3 Bargaining power of suppliers
        • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
      • 7.4 Threat of new entrants
        • Threat of new entrants - Impact of key factors in 2023 and 2028
      • 7.5 Threat of substitutes
        • Threat of substitutes - Impact of key factors in 2023 and 2028
      • 7.6 Threat of rivalry
        • Threat of rivalry - Impact of key factors in 2023 and 2028
      • 7.7 Market condition
        • Chart on Market condition - Five forces 2023 and 2028

      8 Market Segmentation by Type

      • 8.1 Market segments
        • Chart on Type - Market share 2023-2028 (%)
        • Data Table on Type - Market share 2023-2028 (%)
      • 8.2 Comparison by Type
        • Chart on Comparison by Type
        • Data Table on Comparison by Type
      • 8.3 Linear - Market size and forecast 2023-2028
        • Chart on Linear - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Linear - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Linear - Year-over-year growth 2023-2028 (%)
        • Data Table on Linear - Year-over-year growth 2023-2028 (%)
      • 8.4 Flood - Market size and forecast 2023-2028
        • Chart on Flood - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Flood - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Flood - Year-over-year growth 2023-2028 (%)
        • Data Table on Flood - Year-over-year growth 2023-2028 (%)
      • 8.5 High bay and low bay - Market size and forecast 2023-2028
        • Chart on High bay and low bay - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on High bay and low bay - Market size and forecast 2023-2028 ($ thousand)
        • Chart on High bay and low bay - Year-over-year growth 2023-2028 (%)
        • Data Table on High bay and low bay - Year-over-year growth 2023-2028 (%)
      • 8.6 Market opportunity by Type
        • Market opportunity by Type ($ thousand)
        • Data Table on Market opportunity by Type ($ thousand)

      9 Market Segmentation by End-user

      • 9.1 Market segments
        • Chart on End-user - Market share 2023-2028 (%)
        • Data Table on End-user - Market share 2023-2028 (%)
      • 9.2 Comparison by End-user
        • Chart on Comparison by End-user
        • Data Table on Comparison by End-user
      • 9.3 Oil and gas - Market size and forecast 2023-2028
        • Chart on Oil and gas - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Oil and gas - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Oil and gas - Year-over-year growth 2023-2028 (%)
        • Data Table on Oil and gas - Year-over-year growth 2023-2028 (%)
      • 9.4 Mining - Market size and forecast 2023-2028
        • Chart on Mining - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Mining - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Mining - Year-over-year growth 2023-2028 (%)
        • Data Table on Mining - Year-over-year growth 2023-2028 (%)
      • 9.5 Chemical and petrochemical - Market size and forecast 2023-2028
        • Chart on Chemical and petrochemical - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Chemical and petrochemical - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Chemical and petrochemical - Year-over-year growth 2023-2028 (%)
        • Data Table on Chemical and petrochemical - Year-over-year growth 2023-2028 (%)
      • 9.6 Others - Market size and forecast 2023-2028
        • Chart on Others - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Others - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Others - Year-over-year growth 2023-2028 (%)
        • Data Table on Others - Year-over-year growth 2023-2028 (%)
      • 9.7 Market opportunity by End-user
        • Market opportunity by End-user ($ thousand)
        • Data Table on Market opportunity by End-user ($ thousand)

      10 Customer Landscape

      • 10.1 Customer landscape overview
        • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

      11 Geographic Landscape

      • 11.1 Geographic segmentation
        • Chart on Market share by geography 2023-2028 (%)
        • Data Table on Market share by geography 2023-2028 (%)
      • 11.2 Geographic comparison
        • Chart on Geographic comparison
        • Data Table on Geographic comparison
      • 11.3 North America - Market size and forecast 2023-2028
        • Chart on North America - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on North America - Market size and forecast 2023-2028 ($ thousand)
        • Chart on North America - Year-over-year growth 2023-2028 (%)
        • Data Table on North America - Year-over-year growth 2023-2028 (%)
      • 11.4 Europe - Market size and forecast 2023-2028
        • Chart on Europe - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Europe - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Europe - Year-over-year growth 2023-2028 (%)
        • Data Table on Europe - Year-over-year growth 2023-2028 (%)
      • 11.5 APAC - Market size and forecast 2023-2028
        • Chart on APAC - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on APAC - Market size and forecast 2023-2028 ($ thousand)
        • Chart on APAC - Year-over-year growth 2023-2028 (%)
        • Data Table on APAC - Year-over-year growth 2023-2028 (%)
      • 11.6 Middle East and Africa - Market size and forecast 2023-2028
        • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
        • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • 11.7 South America - Market size and forecast 2023-2028
        • Chart on South America - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on South America - Market size and forecast 2023-2028 ($ thousand)
        • Chart on South America - Year-over-year growth 2023-2028 (%)
        • Data Table on South America - Year-over-year growth 2023-2028 (%)
      • 11.8 US - Market size and forecast 2023-2028
        • Chart on US - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on US - Market size and forecast 2023-2028 ($ thousand)
        • Chart on US - Year-over-year growth 2023-2028 (%)
        • Data Table on US - Year-over-year growth 2023-2028 (%)
      • 11.9 China - Market size and forecast 2023-2028
        • Chart on China - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on China - Market size and forecast 2023-2028 ($ thousand)
        • Chart on China - Year-over-year growth 2023-2028 (%)
        • Data Table on China - Year-over-year growth 2023-2028 (%)
      • 11.10 Germany - Market size and forecast 2023-2028
        • Chart on Germany - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Germany - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Germany - Year-over-year growth 2023-2028 (%)
        • Data Table on Germany - Year-over-year growth 2023-2028 (%)
      • 11.11 UK - Market size and forecast 2023-2028
        • Chart on UK - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on UK - Market size and forecast 2023-2028 ($ thousand)
        • Chart on UK - Year-over-year growth 2023-2028 (%)
        • Data Table on UK - Year-over-year growth 2023-2028 (%)
      • 11.12 Canada - Market size and forecast 2023-2028
        • Chart on Canada - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Canada - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Canada - Year-over-year growth 2023-2028 (%)
        • Data Table on Canada - Year-over-year growth 2023-2028 (%)
      • 11.13 Japan - Market size and forecast 2023-2028
        • Chart on Japan - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Japan - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Japan - Year-over-year growth 2023-2028 (%)
        • Data Table on Japan - Year-over-year growth 2023-2028 (%)
      • 11.14 India - Market size and forecast 2023-2028
        • Chart on India - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on India - Market size and forecast 2023-2028 ($ thousand)
        • Chart on India - Year-over-year growth 2023-2028 (%)
        • Data Table on India - Year-over-year growth 2023-2028 (%)
      • 11.15 France - Market size and forecast 2023-2028
        • Chart on France - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on France - Market size and forecast 2023-2028 ($ thousand)
        • Chart on France - Year-over-year growth 2023-2028 (%)
        • Data Table on France - Year-over-year growth 2023-2028 (%)
      • 11.16 Italy - Market size and forecast 2023-2028
        • Chart on Italy - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on Italy - Market size and forecast 2023-2028 ($ thousand)
        • Chart on Italy - Year-over-year growth 2023-2028 (%)
        • Data Table on Italy - Year-over-year growth 2023-2028 (%)
      • 11.17 South Korea - Market size and forecast 2023-2028
        • Chart on South Korea - Market size and forecast 2023-2028 ($ thousand)
        • Data Table on South Korea - Market size and forecast 2023-2028 ($ thousand)
        • Chart on South Korea - Year-over-year growth 2023-2028 (%)
        • Data Table on South Korea - Year-over-year growth 2023-2028 (%)
      • 11.18 Market opportunity by geography
        • Market opportunity by geography ($ thousand)
        • Data Tables on Market opportunity by geography ($ thousand)

      12 Drivers, Challenges, and Opportunity/Restraints

      • 12.1 Market drivers
        • 12.2 Market challenges
          • 12.3 Impact of drivers and challenges
            • Impact of drivers and challenges in 2023 and 2028
          • 12.4 Market opportunities/restraints

            13 Competitive Landscape

            • 13.1 Overview
              • 13.2 Competitive Landscape
                • Overview on criticality of inputs and factors of differentiation
              • 13.3 Landscape disruption
                • Overview on factors of disruption
              • 13.4 Industry risks
                • Impact of key risks on business

              14 Competitive Analysis

              • 14.1 Companies profiled
                • Companies covered
              • 14.2 Company ranking index
                • Company ranking index
              • 14.3 Market positioning of companies
                • Matrix on companies position and classification
              • 14.4 ABB Ltd.
                • ABB Ltd. - Overview
                • ABB Ltd. - Business segments
                • ABB Ltd. - Key news
                • ABB Ltd. - Key offerings
                • ABB Ltd. - Segment focus
                • SWOT
              • 14.5 Abtech UK
                • Abtech UK - Overview
                • Abtech UK - Product / Service
                • Abtech UK - Key offerings
                • SWOT
              • 14.6 Adolf Schuch GmbH
                • Adolf Schuch GmbH - Overview
                • Adolf Schuch GmbH - Product / Service
                • Adolf Schuch GmbH - Key offerings
                • SWOT
              • 14.7 Cortem S.p.A
                • Cortem S.p.A - Overview
                • Cortem S.p.A - Product / Service
                • Cortem S.p.A - Key offerings
                • SWOT
              • 14.8 Eaton Corp plc
                • Eaton Corp plc - Overview
                • Eaton Corp plc - Business segments
                • Eaton Corp plc - Key news
                • Eaton Corp plc - Key offerings
                • Eaton Corp plc - Segment focus
                • SWOT
              • 14.9 Emerson Electric Co.
                • Emerson Electric Co. - Overview
                • Emerson Electric Co. - Business segments
                • Emerson Electric Co. - Key news
                • Emerson Electric Co. - Key offerings
                • Emerson Electric Co. - Segment focus
                • SWOT
              • 14.10 Hubbell Inc.
                • Hubbell Inc. - Overview
                • Hubbell Inc. - Business segments
                • Hubbell Inc. - Key news
                • Hubbell Inc. - Key offerings
                • Hubbell Inc. - Segment focus
                • SWOT
              • 14.11 Koninklijke Philips N.V.
                • Koninklijke Philips N.V. - Overview
                • Koninklijke Philips N.V. - Business segments
                • Koninklijke Philips N.V. - Key news
                • Koninklijke Philips N.V. - Key offerings
                • Koninklijke Philips N.V. - Segment focus
                • SWOT
              • 14.12 Larson Electronics LLC
                • Larson Electronics LLC - Overview
                • Larson Electronics LLC - Product / Service
                • Larson Electronics LLC - Key offerings
                • SWOT
              • 14.13 LDPI Inc.
                • LDPI Inc. - Overview
                • LDPI Inc. - Product / Service
                • LDPI Inc. - Key offerings
                • SWOT
              • 14.14 LEDVANCE GmbH
                • LEDVANCE GmbH - Overview
                • LEDVANCE GmbH - Product / Service
                • LEDVANCE GmbH - Key offerings
                • SWOT
              • 14.15 Phoenix Products LLC
                • Phoenix Products LLC - Overview
                • Phoenix Products LLC - Product / Service
                • Phoenix Products LLC - Key offerings
                • SWOT
              • 14.16 Unimar Inc.
                • Unimar Inc. - Overview
                • Unimar Inc. - Product / Service
                • Unimar Inc. - Key offerings
                • SWOT
              • 14.17 Victor Products Ltd.
                • Victor Products Ltd. - Overview
                • Victor Products Ltd. - Product / Service
                • Victor Products Ltd. - Key offerings
                • SWOT
              • 14.18 WorkSite Lighting LLC
                • WorkSite Lighting LLC - Overview
                • WorkSite Lighting LLC - Product / Service
                • WorkSite Lighting LLC - Key offerings
                • SWOT

              15 Appendix

              • 15.1 Scope of the report
                • 15.2 Inclusions and exclusions checklist
                  • Inclusions checklist
                  • Exclusions checklist
                • 15.3 Currency conversion rates for US$
                  • Currency conversion rates for US$
                • 15.4 Research methodology
                  • Research methodology
                • 15.5 Data procurement
                  • Information sources
                • 15.6 Data validation
                  • Data validation
                • 15.7 Validation techniques employed for market sizing
                  • Validation techniques employed for market sizing
                • 15.8 Data synthesis
                  • Data synthesis
                • 15.9 360 degree market analysis
                  • 360 degree market analysis
                • 15.10 List of abbreviations
                  • List of abbreviations

                Research Methodology

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Frequently Asked Questions

                Explosion-Proof Lighting market growth will increase by $ 133.13 th during 2024-2028 .

                The Explosion-Proof Lighting market is expected to grow at a CAGR of 6.4% during 2024-2028 .

                Explosion-Proof Lighting market is segmented by Type( Linear, Flood, High bay and low bay) End-user( Oil and gas, Mining, Chemical and petrochemical, Others)

                ABB Ltd., Abtech UK, Adolf Schuch GmbH, Cortem S.p.A, Eaton Corp plc, Emerson Electric Co., Glamox AS, Hubbell Inc., Koninklijke Philips N.V., Larson Electronics LLC, LDPI Inc., LEDVANCE GmbH, NORKA, Phoenix Products LLC, TECNOVIDEO S.R.L, Unimar Inc., Victor Products Ltd., WorkSite Lighting LLC are a few of the key vendors in the Explosion-Proof Lighting market.

                North America will register the highest growth rate of 39% among the other regions. Therefore, the Explosion-Proof Lighting market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

                US, China, Germany, UK, Canada, Japan, India, France, Italy, South Korea

                • Launch of new power plantsThe global explosion-proof lighting market is poised for significant growth is the driving factor this market.
                • driven by the launch of new power plants that prioritize advanced safety and efficiency standards. Recent developments in the energy sector underscore the increasing demand for robust lighting solutions capable of operating in hazardous environments.In June 2024 is the driving factor this market.
                • Technology group Wartsila introduced the first large-scale is the driving factor this market.
                • 100% hydrogen-ready engine power plant in the world. This innovative power plant is the driving factor this market.
                • based on the highly efficient Wartsila 31 engine platform is the driving factor this market.
                • is designed to support net-zero power systems. It comprises features such as rapid grid synchronization within 30 seconds is the driving factor this market.
                • fuel flexibility for enhanced energy security is the driving factor this market.
                • and high levels of load-following capabilities.In October 2024 is the driving factor this market.
                • a major data center operator is the driving factor this market.
                • CtrlS announced plans to launch a 50 MW solar power plant by the end of 2025. This initiative is part of a broader strategy to transition entirely to renewable energy is the driving factor this market.
                • aligning with the $2 billion investment plan of the company through 2029. The move towards solar energy highlights the growing emphasis on sustainable and safe power generation.These advancements in power plant are driving the demand for explosion-proof lighting solutions that can ensure safety and operational efficiency in high-risk environments. As new power plants continue to emerge is the driving factor this market.
                • the need for reliable and durable lighting systems is expected to rise is the driving factor this market.
                • fostering further growth and innovation in the global explosion-proof lighting market. is the driving factor this market.

                The Explosion-Proof Lighting market vendors should focus on grabbing business opportunities from the Linear segment as it accounted for the largest market share in the base year.