Explosion Proof Lighting Companies | Forecast by 2033
Published: 30 Aug 2024
Author: Precedence Research
Explosion Proof Lighting Market Growth, Trends and Report Highlights
The global explosion proof lighting market exhibited USD 369.10 billion in 2023 and is predicted to attain around USD 735.63 billion by 2033, growing at a CAGR of 7.14% during the forecast period. The rising demand for industrial lighting is driving the growth of the market.
Market Overview
Explosion-proof lighting is an essential element in the industrial infrastructure, especially in industries with hazardous environments which had flammable gases, alcohol, and dust particles in their air, such as petroleum, pharmaceutical and chemicals, oil and gases, mining, and other manufacturing industries. The explosion-proof lighting is also known as the high-protection lighting fixture that is used to install lights in hazardous locations. These lights are highly resistant to moisture, corrosion, water, and explosion. They are made of durable material and certified with specific safety standards.
Growth Factors
- Rising investment in industrial development, especially in the energy sector, such as the oil and gas industry and petrochemicals, to cater to the rising demand worldwide contributes to the growth of the explosion proof lighting market.
- The increasing demand for durable, ignition resistance, and thermal-controlled mechanized lighting systems from industries with hazardous environments that can prevent potential explosions and accidents is driving the growth of the explosion-proof lighting market.
- The increasing integration of AI, sensors, and other advanced technologies in explosion-proof lighting systems in industries to enhance their capabilities is resulting in the increased demand for the explosion-proof lighting market.
The surge in the development of oil refineries is boosting the growth of the explosion proof lighting market
The increasing demand for oil and petroleum globally, due to the rising population and industrialization, drives the demand for energy and oil and gas products from efficient working operations. Industries like oil refineries are hazardous in nature and are more likely to get a spark or ignite by any other source. Explosion-proof lighting is one of the most important parts of the industry for maintaining the proper visibility of the workers for working operations. It also can mitigate the potential risk of ignition and spark, reduce the chances of accidents, and ensure the safety of industrial workers and assets in a hazardous environment.
However, some of the common issues are limiting the expansion of the explosion proof lighting market. With the additional benefits, explosion-proof lighting comes with some common problems, including bulk failure, corrosion, moisture intrusion, wiring problems, electric malfunctions, inadequate lighting, excess heat, power outages, environmental factors, and insufficient maintenance are some of the limiting factors.
Explosion Proof Lighting Market Top Companies
- Emerson Electric Co.
- Archon Industries
- Glamox As
- Cortem S.P.A.
- Hubbell Inc.
- Atomsvet LLC
- Eaton Corporation Inc.
- NORKA Lighting
- LDPI Inc.
- Larson Electronics LLC
- General Electric
Recent Development by Emerson Electric Co. in the Explosion Proof Lighting Market
| Company Name | Emerson Electric Co. |
| Headquarters | Missouri, United States |
| Development | In April 2023, Emerson and NI came into a collaboration in which Emerson acquired NI for $60 per share in cash at an equity value of $8.2 billion. The company Emerson is already the owner of the NI’s 2.3 million shares, representing 2% of outstanding shares acquired at a weighted average price of $36.84. |
Recent Development by Archon Industries in the Explosion Proof Lighting Market
| Company Name | Archon Industries |
| Headquarters | NY, United States |
| Development | In January 2023, ARCHON Industries Inc. introduced the EX20-100, a revolutionary explosion-proof lamp. The EX20-100 luminaire, according to the manufacturer, is made to continuously illuminate industrial objects such as tanks, distillation columns, and process vessels that are situated in both hazardous and non-hazardous environments. |
Regional Insights
North America is estimated to grow at the fastest rate during the forecast period. The growth of the market is owing to the higher availability of the industries, and the stringent government policies for maintaining workplace safety are driving the growth of the market. The region is also the producer of a significant amount of oil and energy, and the higher availability of the oil and gas industries in the region is also driving the growth of the explosion proof lighting market across the region.
Asia Pacific dominated the market in 2023. The growth of the market is attributed to the rising population and economic growth in regional countries like China, India, Japan, and others, which are accelerating the industrialization across the region that drives the demand for industrial lighting with higher durability, greater resistance towards heat, and moisture, cost-efficient, and prevent ignition and spark in the environment that is collectively driving the growth of the explosion proof lighting market. Additionally, the rising demand for industries like the pharmaceutical, energy sector, oil and gas, mining, and petroleum industries, which contain more hazardous environments in the industries, is driving the growth of the explosion-proof lighting market in the region.
Market Potential and Growth Opportunity
The rising government intervention in supporting the safety regulations for workplace safety standards
The rising industrialization across the world due to the rising population, economic uplift, disposable income, and surging expenditure on lifestyle maintenance is driving the demand for the various end-use products that drive the growth of industries such as consumer electronics, manufacturing, automobile, healthcare, and others all these industries require bulk amount of man force for the operation and the rising cases in the workplace accidents drive government intervention for creating stringent regulation for maintaining labor safety by the companies with proper utilization of safety infrastructure development that is contributing in the expansion of the explosion proof lighting market.
Explosion Proof Lighting Market Highlights
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 395.45 Billion |
| Market Revenue by 2033 | USD 735.63 Billion |
| CAGR | 7.14% |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | Asia Pacific |
| Base Year | 2023 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Explosion Proof Lighting Market News
- In April 2022, Mitsubishi Heavy Industries, Ltd. (MHI) collaborated with the ENEOS Corporation to complete the development of the second-generation “EX ROVR,” a robot that helps in plant inspection with explosion-proof features by the remote maintenance technology for nuclear power plants.
- In January 2023, Emerson, originally engineered for land-based drilling rigs, extended its Appleton Rigmaster LED linear luminaires range to establish the fixture’s low profile, energy efficiency, and lightweight design to the latest lighting applications.
Market Segmentation
By Type
- General Lighting
- Floodlights
- Compact Lights
- Others
By Light Type
- LED Lights
- Fluorescent Lights
- Incandescent Lights
- HID Lights
By End-Use
- Oil & Gas
- Chemical & Pharmaceutical
- Food & Beverage
- Mining
- Energy & Power
- Others
Buy this Research Report@ https://www.precedenceresearch.com/checkout/4861
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 650 460 3308