According to a market report by Lucintel, the future of the global explosion proof lighting market looks promising with opportunities in the chemical, oil and gas, food and beverage, mining, energy and power, and marine industries. The global explosion proof lighting market is expected to reach an estimated $1 billion by 2030 at a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are rising investments in oil & gas exploration and expansion projects and growing adoption of led based explosion-proof light fixtures in industrial facilities.
A more
than 150-page report to understand trends, opportunity and forecast in global explosion
proof lighting market to 2030 by type (general lighting, floodlights, compact
lights, and others), light source (led, fluorescent, and others), safety rating
(class1, class2, and class3), end use industry (chemical, oil and gas, food and
beverage, mining, energy and power, marine, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, general lighting is expected to
witness highest growth over the forecast period due to its versatility and wide
range of applications.
Within the
end use category, chemical is expected to witness highest growth over the
forecast period due to the increasing demand for explosion proof lighting in
this sector for various applications, such as processing areas, storage
facilities, and loading and unloading areas.
Download
sample by clicking on explosion
proof lighting market.
In terms
of regions, APAC is expected to witness highest growth over the forecast period
due to the significant demand for explosion proof lighting from various end use
industries, such as oil and gas, chemical, and mining sectors of the region.
Eaton,
Hubbell, Emerson, ABB, GE Current are the major suppliers in the explosion proof lighting market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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