Hazardous Lighting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)


Posted April 28, 2021 by Statzyreports

The Hazardous Lighting market was valued at USD 1933.34 million in 2020 and is expected to reach USD 2535.17 million by 2026, at a CAGR of 4.62% over the forecast period 2021 - 2026.
 
The Hazardous Lighting market was valued at USD 1933.34 million in 2020 and is expected to reach USD 2535.17 million by 2026, at a CAGR of 4.62% over the forecast period 2021 - 2026. IIoT integration may expand with LED light penetration. By integrating Wi-Fi boosters, sensors that can detect airborne pollutants, or RFID tags or volumetric sensors that can measure storage capacity and product volume, LED lighting can become an integral part of an IIoT solution that enhances overall productivity and visibility in hazardous locations.

- Replacement of traditional lighting systems with LEDs is driving the market, due to their ability to dramatically reduce energy consumption. Moreover, their disposal contains less hazardous effects, as they contain no hazardous chemicals.

- Regulatory standards promoting the use of lighting are driving the market, as industry and regulatory standards define the criteria for designating a work area as a hazardous location and atmosphere around an industrial or manufacturing facility. The hazards may include concentrations of flammable vapors, dust, or fibers, which increase the demand for lighting that contains light fixtures with stronger housing and tempered glass, which encase sparks and other potential ignition sources away from a flammable substance.

- However, rising environmental concern is restraining the market, as the quality of diodes lighting is highly dependent on the ambient operating temperature. At high temperatures, there are changes in the parameters of the current passing through the semiconductor elements, which can lead to burning out the module, especially LED. This issue affects the places and surfaces exposed to rapid increases in temperature or very high temperatures (steel mills).

Key Market Trends

LED Lighting to Account for Significant Market Share

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- LED lighting for hazardous locations holds the potential to save operating and maintenance costs for facility operators. LED luminaires are rated for use in areas where flammable gases and vapors are present, under conditions defined by NEC Class I, Division 2, and IEC Zone 2.

- LEDs produce no harmful ultraviolet or infrared radiation. These properties offer many benefits by lowering cooling costs, simplifying maintenance, prolonging product life, avoiding damage to eyes and sensitive equipment, and providing a margin of safety in a hazardous environment.

- Mining applications are often subjected to high vibrations, debris, chemicals, and explosive solutions. LEDs contain no moving parts and are more durable and better withstand shock and corrosion, and their ability to ignite with a spark is an added advantage.

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 increasing need for energy-efficient lighting technologies across the hazardous industrial application.
- Growth in the demand for LNG in China, in line with its coal-to-gas switching policy, coincides with the rising demand for LNG in Asia-Pacific, which is likely to help in the growth of the new oil and gas plant project in India, China, and Indonesia. This, in turn, may increase the demand for lighting in hazardous locations in the oil and gas industry.
- Moreover, China has 305 planned and announced petrochemical plants, with a total capacity of about 152.4 mtpa, expected to be completed by 2030, with major capacity additions coming from Hengli Petrochemical and China Petrochemical Corp. Thus, there is a high demand for hazardous lighting in the country, especially for LED lighting, as China has a highly significant market for LED lights

Competitive Landscape

The hazardous lighting market is highly fragmented, as players in the market continuously strive to maintain a competitive edge. The competition in the market studied is high, due to the different levels of technical management and production management of the players in the market. The key players are Thomas & Betts Corporation (ABB Ltd), Emerson Industrial Automation, Digital Lumens Inc., etc. Recent developments in the market are as follows -

- June 2019 - R.STAHL TRANBERG, a leading provider of marine lighting and electrical heating services and a 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 and gas sector. This may increase functionalities and greater flexibility and resolution in searchlight operations, with the ability to move faster and incorporate both vertical and horizontal movements.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support


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Categories Electronics
Tags covid19 impact , hazardous lighting market , hazardous lighting market forecast , hazardous lighting market share , hazardous lighting market size
Last Updated April 28, 2021