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Explosion Proof Lighting Market Research Report - Size, Share, Trends, COVID-19 Impact and Growth Analysis - Industry Forecast (2022 to 2027)

Explosion Proof Lighting Market Size (2022-2027)

The global explosion-proof lighting market size is valued at USD 469 million by 2027 from 343 million in 2022. The market is growing with a CAGR value of 7.6% from 2022-2027. 

The products in the global explosion-proof lighting market are specifically invented to decrease the risk of smashing or erupting when countered with fire or hazardous vapors and crushed dust particles. 

The explosion-proof lighting market has got some common applications like industrial settings, fabrication workshops, warehouses, and laboratories. 

MARKET DRIVERS

The quick evolution from traditional systems to connected lighting solutions incorporated with the high efficacy and maintenance cost is low and the levity in raw material cost for lighting systems. These factors surge the adoption across diverse end-user industries. The developments in economical and wireless explosion-proof lighting offer profitable opportunities in the market. 

MARKET RESTRAINS

However, the initial cost of the explosion-proof lighting systems hinders the market growth. The cost is 10times higher than compared to fluorescent light.

EXPLOSION PROOF LIGHTING MARKET REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2022 – 2027

Base Year

2022

Forecast Period

2022 – 2027

CAGR

7.6%

Segments Covered

By Type, Light Source, Safety Rating, Hazardous Location, End-User Industry,  and Geography

Revenue Forecast by 2027

USD 469 Million

Regions Covered

North America, Europe, APAC, RoW

Market Leaders Profiled

ABB (Switzerland), Eaton Corporation Plc (Ireland), General Electric (US), Hubbell Inc. (US), Osram Licht AG (Germany), Emerson (US), Philips Lighting Holding B.V. (Netherlands), Abtech Ltd (UK), and Adolf Schuch GmbH (Germany), Larson Electronics (US) and Others.

 

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Market Segmentation

The global Explosion-Proof Lighting Market has been categorized based on the following categories:

Explosion Proof Lighting Market - By Type

  • High Bay & Low Bay
  • Linear
  • Flood

Explosion Proof Lighting Market - By Light Source

  • LED
  • Fluorescent
  • Others

The LED segment is to dominate the explosion-proof lighting market. LEDs are non-polluting lighting options that have a long lifespan of nearly 50,000-100,000 working hours. The governments are increasingly focusing on energy conservation which drives the segment forward. The maintenance cost of the LEDs is low, ecological, and low cost of systems compared with its conventional counterparts. This is a perfect solution for rough and dangerous applications. 

LED light fittings are a comparatively recent introduction to the hazardous area lighting market.  

Explosion Proof Lighting Market - By Safety Rating

  • Class 1
  • Class 2
  • Class 3

Explosion Proof Lighting Market - By Hazardous Location

  • Zone 1
  • Zone 2
  • Others

By hazardous location, Zone 2 segment is witnessed to have the quickest growth in the explosion-proof lighting market. Across the hazardous locations, lighting protocols like NFPA 101, IBC mandate, and National Electrical Code (NEC) need to be followed to maintain safe luminescence levels through oil and gas facilities, food and beverages industries, and chemical and pharmaceutical. The above-mentioned regulations' presence is favoring the Zone 2 segment growth. 

Explosion Proof Lighting Market - By End-User Industry

  • Oil & Gas
  • Chemical & Pharmaceutical
  • Food & Beverage
  • Mining
  • Energy & Power
  • Others

Based on the end-user industry, the oil and gas segment is holding the largest share throughout the timeline period. The segment has very stringent requirements which comprise very high illuminance levels, color performance, and contrast. The demand for explosion-proof lights is mushrooming as the need for explosion-proof lighting across drilling rings, processing facilities, and offshore platforms, and petroleum refineries. 

The chemical and pharmaceutical industry is witnessed to grow with the highest CAGR growth in the explosion-proof lighting market during the forecast period. Chemicals are handled and processed, light fittings require definite vapor protection.

Regional Analysis

Regionally, Asia-Pacific is dominating the explosion-proof lighting market globally. Different manufacturers of explosion-proof lighting exist in the region. China is leading the market across the region. 676 projects are said to begin their production during 2022-2027. In India, the chemical and petrochemical industry is projected to reach USD 300 billion by 2027.

North America is existing as the world's second region exhibiting excellent for explosion-proof lighting. The region is observing flourishing investments in the oil and gas industry, with the increasing number of projects that came up during the mentioned period. The ALASKA LNG project in Alaska and the Corpus Christi LNG project has invested highly with approximately 45 billion USD and 24.5 billion USD. 

Europe is said to have promising growth in the explosion-proof lighting market. The UK, Germany, France, and Italy are major contributors in the region.

Latin America and the Middle East and African regions are predicted to have slothful growth in the explosion-proof lighting market. The sluggish growth in these two regions is caused due to as the involvement of companies in the explosion-proof lighting market is very less. 

The oil and gas industry in the MEA region is scoped to offer profitable opportunities in the explosion-proof lighting market. For example, Kuwait Oil Company made a contract agreement with Halliburton for 597 USD million for fostering its production of crude oil to 100,000 stacks per day. 

The forthcoming oil and gas, and chemical and pharmaceutical projects like Basra Gas Gathering Project in Iraq and Abu Dhabi Northwest Development Project in UAE produce the highest demand for the explosion-proof lighting market.

Top key players in Explosion-Proof Lighting Market

ABB (Switzerland), Eaton Corporation Plc (Ireland), General Electric (US), Hubbell Inc. (US), Osram Licht AG (Germany), Emerson (US), Philips Lighting Holding B.V. (Netherlands), Abtech Ltd (UK), and Adolf Schuch GmbH (Germany), Larson Electronics (US) are the major key players included in the global explosion-proof lighting market. 

In November 2022, Eaton introduced HPLN Ex LED explosion-proof lighting designed to provide strong performance in hazardous situations. The new launch has estimated to grow the market forward. 

Notable Happenings in the global Explosion-Proof Lighting Market

  • On July 07, 2018, Larson Electronics LLC, broadcasted the release of a low voltage explosion-proof end-to-end LED light strip. The light strip generates 1,812 lumens and operates on 12VDC or 24VDC.

COVID-19 Impact on Explosion-Proof Lighting Market

The sudden outbreak of novel corona virus (COVID-19) has severely impacted the explosion-proof lighting market. Due to the pandemic period, key companies like Eaton, and Emerson have experienced critical losses. Governments have chopped off their expenses in diverse areas to determine on developing healthcare infrastructure, and the demand for explosion-proof lighting from national lighting projects is likely to deflate. 

Due to the imposed lockdowns, manufacturing and production units were paused and have experienced radical curb in terms of revenue. 

Post-COVID, the explosion-proof lighting market will retrieve its speed with the extension of production capacities in end-user industries and the rise in the number of oil and gas projects worldwide.

Explosion Proof Lighting Market – Forecast (2021-2026)

Chapter 1. Explosion Proof Lighting Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Explosion Proof Lighting Market - Executive Summary

2.1. Market Size & Forecast – (2021 – 2026) ($M/$B)

2,2, Key Trends & Insights

2.3. Market Share Analysis

2.4. Strategy & Development Scenario

2.5. Market Life Cycle

Chapter 3. Explosion Proof Lighting Market Landscape

3.1. Value Chain Analysis

3.2. Market Drivers

3.3. Market Restraints/Challenges

3.4. Market Opportunities

3.5. Porter Five Force Model

Chapter 4. Explosion Proof Lighting Market, By Type

4.1. High Bay and Low Bay

4.2. Linear

4.3. Flood

Chapter 5. Explosion Proof Lighting Market, By Light Source

5.1. LED

5.2. Flourescent

5.3. Others

Chapter 6. Explosion Proof Lighting Market, By Safety Rating

6.1. Class I

6.2. Class II

6.3. Class III

Chapter 7. Explosion Proof Lighting Market, By Hazardous Location

6.1. Zone 1

6.2. Zone II

6.3. Others

Chapter 7. Explosion Proof Lighting Market, By Industry Vertical

7.1. Chemical

7.2. Oil & Gas

7.3. Marine

7.4. Mining

7.5. Food & Beverage

7.6. Power

7.7. Industrial

7.8. Water & Waste Water

7.9. Military

7.10. Others

Chapter 8. Explosion Proof Lighting Market, By Geography - Market Size, Forecast, Trends & Insights

8.1. North America

8.1.1. U.S.A.

8.1.2. Canada

8.1.3. Mexico

8.2. Europe

8.2.1. Italy

8.2.2. Spain

8.2.3. Russia

8.2.4. Germany

8.2.5. UK

8.2.6. France

8.2.7. Rest of Europe

8.3. Asia Pacific

8.3.1. Japan

8.3.2. South Korea

8.3.3. China

8.3.4. India

8.3.5. Australia & New Zealand

8.3.6. Rest of Asia-Pacific

8.4. Rest of the World

8.4.1. South America

8.4.2. Middle East

8.4.3. Africa

Chapter 9. Explosion Proof Lighting Market - Company Profiles – (Overview, Product Portfolio, Financials, Developments)

9.1. Company 1

9.2. Company 2

9.3. Company 3

9.4. Company 4

9.5. Company 5

9.6. Company 6

9.7. Company 7

9.8. Company 8

9.9. Company 9

9.10 Company 10

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