Explosion-proof Lighting Market with COVID-19 impact analysis by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent), Safety Rating, Hazardous Location, End-user Industry, and Region – Global Forecast to 2026
The global explosion-proof lighting market size is estimated to be USD 340 million in 2021 and is projected to reach 471 million by 2026, at a CAGR of 6.7% during the forecast period. The market has a promising growth potential due to several factors, including the increasing investments in the oil & gas and chemical & pharmaceutical industries for infrastructure development and project expansion plans, government regulations regarding employee safety in hazardous environments, and growing adoption of explosion-proof LED light fixtures owing to several advantages over conventional light sources.
COVID-19 sent both demand side and supply side shocks across the global economy. Leading explosion-proof lighting product providers, such as Eaton (Ireland) and Hubbell (US), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 10% and 12%, respectively, in their 2020 full-year revenue compared to the previous year. The impact of COVID-19 may last until 2021. The situation is almost similar in both emerging and developed economies. As of April 2021, India and the US became the worst COVID-hit countries. Several oil & gas projects in the above-mentioned countries were delayed because of the decline in fuel and energy demand from various end-user industries. With the decrease in fuel and energy demand, it is estimated that there would be negligible investments from the oil & gas players toward updating industrial facilities with energy-efficient explosion-proof lights.
“LEDs: The fastest growing light source segment of the explosion-proof lighting market.”
LEDs are the most energy-efficient lighting options which can help drastically reduce the overall operating cost in industrial facilities. Additionally, LEDs can be easily operated in extreme hot and cold environments as they are less sensitive to temperature as compared with other lighting technologies. Furthermore, the increasing number of industrial facilities is expected to influence the penetration of LEDs for explosion-proof lighting application and will propel the growth at the highest rate during the forecast period.
“Zone 2: The largest segment of explosion-proof lighting market, by hazardous location.”
The Zone 2 segment of the explosion-proof lighting market is expected to account for the largest share during the forecast period, owing to the increasing demand for Zone 2 explosion-proof lights in potentially explosive industrial environments existing in industries such as oil & gas and chemicals. The rise in offshore exploration and expansion projects in several countries, including the US, Canada, UK, Norway, and Saudi Arabia, is expected to create lucrative opportunities for the market players during the forecast period. Additionally, increasing investments in the chemical industry of Canada, Germany, and India to create new growth prospects for the explosion-proof lighting market.
“North America dominated the explosion-proof lighting market, globally, by market share, in 2020”
Based on region, North America dominated the explosion-proof lighting market in 2020.The commanding position of North America can be contributed to the presence of leading market players such as Emerson (US), Hubbell (US), and GE Current (US). These players together account for a market share of more than 30%. Additionally, a large number of companies are focusing on the exploration and production of oil & gas assets in the region. Therefore, the demand for explosion-proof lighting is expected to increase due to extensive expansion activities being undertaken by leading oil & gas players such as Chevron (US) and ExxonMobil (US). Furthermore, strict government regulations regarding employee safety and the phase-out of conventional lighting systems are fueling the demand for expensive explosion-proof LED lighting systems.
Breakdown of profiles of primary participants:
The explosion-proof lighting market is dominated by key global established players such as Eaton (Ireland), ABB (Switzerland), Hubbell (US), Emerson (US), Signify (Netherlands), GE Current (US), Glamox (Norway), Phoenix Lighting (US), R. STAHL (Germany), and Larson Electronics (US).
Research coverage
This research report segments the global explosion-proof lighting market based on Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent, Others), Safety Rating (Class 1, Class 2, Class 3), Hazardous Location (Zone 1, Zone 2, Others), End-user Industry (Oil & Gas, Chemical & Pharmaceutical, Food & Beverage, Mining, Energy & Power, Others), and Region (North America, Europe, APAC, and RoW).
The report also provides a comprehensive review of market drivers, restraints, challenges, and opportunities pertaining to the explosion-proof lighting market and also includes value chain. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall explosion-proof lighting market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
COVID-19 sent both demand side and supply side shocks across the global economy. Leading explosion-proof lighting product providers, such as Eaton (Ireland) and Hubbell (US), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 10% and 12%, respectively, in their 2020 full-year revenue compared to the previous year. The impact of COVID-19 may last until 2021. The situation is almost similar in both emerging and developed economies. As of April 2021, India and the US became the worst COVID-hit countries. Several oil & gas projects in the above-mentioned countries were delayed because of the decline in fuel and energy demand from various end-user industries. With the decrease in fuel and energy demand, it is estimated that there would be negligible investments from the oil & gas players toward updating industrial facilities with energy-efficient explosion-proof lights.
“LEDs: The fastest growing light source segment of the explosion-proof lighting market.”
LEDs are the most energy-efficient lighting options which can help drastically reduce the overall operating cost in industrial facilities. Additionally, LEDs can be easily operated in extreme hot and cold environments as they are less sensitive to temperature as compared with other lighting technologies. Furthermore, the increasing number of industrial facilities is expected to influence the penetration of LEDs for explosion-proof lighting application and will propel the growth at the highest rate during the forecast period.
“Zone 2: The largest segment of explosion-proof lighting market, by hazardous location.”
The Zone 2 segment of the explosion-proof lighting market is expected to account for the largest share during the forecast period, owing to the increasing demand for Zone 2 explosion-proof lights in potentially explosive industrial environments existing in industries such as oil & gas and chemicals. The rise in offshore exploration and expansion projects in several countries, including the US, Canada, UK, Norway, and Saudi Arabia, is expected to create lucrative opportunities for the market players during the forecast period. Additionally, increasing investments in the chemical industry of Canada, Germany, and India to create new growth prospects for the explosion-proof lighting market.
“North America dominated the explosion-proof lighting market, globally, by market share, in 2020”
Based on region, North America dominated the explosion-proof lighting market in 2020.The commanding position of North America can be contributed to the presence of leading market players such as Emerson (US), Hubbell (US), and GE Current (US). These players together account for a market share of more than 30%. Additionally, a large number of companies are focusing on the exploration and production of oil & gas assets in the region. Therefore, the demand for explosion-proof lighting is expected to increase due to extensive expansion activities being undertaken by leading oil & gas players such as Chevron (US) and ExxonMobil (US). Furthermore, strict government regulations regarding employee safety and the phase-out of conventional lighting systems are fueling the demand for expensive explosion-proof LED lighting systems.
Breakdown of profiles of primary participants:
- By Company: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20%
- By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
- By Region: North America – 40%, Europe– 30%, APAC – 25%, and RoW – 5%
The explosion-proof lighting market is dominated by key global established players such as Eaton (Ireland), ABB (Switzerland), Hubbell (US), Emerson (US), Signify (Netherlands), GE Current (US), Glamox (Norway), Phoenix Lighting (US), R. STAHL (Germany), and Larson Electronics (US).
Research coverage
This research report segments the global explosion-proof lighting market based on Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent, Others), Safety Rating (Class 1, Class 2, Class 3), Hazardous Location (Zone 1, Zone 2, Others), End-user Industry (Oil & Gas, Chemical & Pharmaceutical, Food & Beverage, Mining, Energy & Power, Others), and Region (North America, Europe, APAC, and RoW).
The report also provides a comprehensive review of market drivers, restraints, challenges, and opportunities pertaining to the explosion-proof lighting market and also includes value chain. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall explosion-proof lighting market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL
1.2.3 INCLUSIONS AND EXCLUSIONS AT TYPE LEVEL
1.2.4 INCLUSIONS AND EXCLUSIONS AT LIGHT SOURCE LEVEL
1.2.5 INCLUSIONS AND EXCLUSIONS AT HAZARDOUS LOCATION LEVEL
1.2.6 INCLUSIONS AND EXCLUSIONS AT SAFETY RATING LEVEL
1.2.7 INCLUSIONS AND EXCLUSIONS AT END-USER INDUSTRY LEVEL
1.2.8 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 EXPLOSION-PROOF LIGHTING MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 EXPLOSION-PROOF LIGHTING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key participants in primary processes across value chain of explosion-proof lighting market
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM KEY MARKET PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market size by bottom-up analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by top-down analysis
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET SHARE ESTIMATION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.5 RISK ASSESSMENT
TABLE 1 RISK FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.6.1 ASSUMPTIONS
2.6.2 LIMITATIONS
3 EXECUTIVE SUMMARY
3.1 SCENARIO ANALYSIS
FIGURE 9 COMPARISON OF PRE- AND POST-COVID-19 SIZE OF EXPLOSION-PROOF LIGHTING MARKET, BY SCENARIO, 2017–2026
3.1.1 PRE-COVID-19 SCENARIO
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19)
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19)
3.1.4 REALISTIC SCENARIO (POST-COVID-19)
FIGURE 10 HIGH BAY & LOW BAY LIGHTS TO ACCOUNT FOR LARGEST SIZE OF EXPLOSION-PROOF LIGHTING MARKET IN 2021
FIGURE 11 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
FIGURE 12 EXPLOSION-PROOF LIGHTING MARKET IN CANADA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
FIGURE 13 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD
FIGURE 14 APAC TO REGISTER HIGHEST CAGR IN EXPLOSION-PROOF LIGHTING MARKET FROM 2021 TO 2026
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN EXPLOSION-PROOF LIGHTING MARKET
FIGURE 15 LED-BASED EXPLOSION-PROOF LIGHTS TO WITNESS HIGH ADOPTION DURING FORECAST PERIOD
4.2 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY
FIGURE 16 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SIZE
FROM 2021 TO 2026
4.3 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE
FIGURE 17 LARGEST MARKET SHARE WILL BE CAPTURED BY HIGH BAY & LOW BAY LIGHTS IN 2026
4.4 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION
FIGURE 18 ZONE 2 SEGMENT TO EXHIBIT HIGHEST CAGR IN EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD
4.5 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE AND REGION
FIGURE 19 NORTH AMERICA AND LED TO BE MOST FAVORABLE MARKETS IN 2026
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 EXPLOSION-PROOF LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing investments in major end-user industries—oil & gas and chemical & pharmaceutical
TABLE 2 LIST OF UPCOMING OIL & GAS PROJECTS
5.2.1.2 Growing adoption of explosion-proof LED light fixtures owing to several advantages over conventional light sources
TABLE 3 FACTORS SUPPORTING ADOPTION OF LED LIGHTING SOLUTION
FIGURE 21 TOTAL COST OF OWNERSHIP FOR DIFFERENT LIGHT SOURCES
IN 2015 VS. 2020
5.2.1.3 Government regulations regarding employee safety in
hazardous environments
FIGURE 22 EXPLOSION-PROOF LIGHTING MARKET DRIVERS: IMPACT ANALYSIS
5.2.2 RESTRAINTS
5.2.2.1 High initial cost associated with deployment of explosion-proof
LED light fixtures
5.2.2.2 Lack of common open standards
TABLE 4 NORMS, LABELS, AND STANDARDS FOR LED LIGHTING TO BE FOLLOWED ACROSS INDUSTRIES
FIGURE 23 EXPLOSION-PROOF LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS
5.2.3 OPPORTUNITIES
5.2.3.1 Rapid transition from traditional lighting systems to connected lighting solutions
5.2.3.2 Growing focus of governments worldwide on energy conservation
FIGURE 24 EXPLOSION-PROOF LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS
5.2.4 CHALLENGES
5.2.4.1 Difficulties in generating high revenue attributed to
COVID-19 pandemic
5.2.4.2 Supply chain disruptions caused due to outbreak of COVID-19
FIGURE 25 EXPLOSION-PROOF LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS
5.3 REVENUE SHIFT AND NEW REVENUE POCKETS FOR EXPLOSION-PROOF
LIGHTING MARKET PLAYERS
FIGURE 26 REVENUE SHIFT IN EXPLOSION-PROOF LIGHTING MARKET
5.4 PRICE TREND ANALYSIS
FIGURE 27 AVERAGE SELLING PRICES OF EXPLOSION-PROOF LIGHTING FIXTURES USING DIFFERENT LIGHT SOURCES, 2017–2026
5.5 REGULATORY LANDSCAPE
TABLE 5 RECENT REGULATORY NORMS
5.6 VALUE CHAIN ANALYSIS
FIGURE 28 VALUE CHAIN ANALYSIS: INPUT SUPPLIERS AND ORIGINAL
EQUIPMENT MANUFACTURERS ADD MAJOR VALUE TO EXPLOSION-PROOF LIGHTING CHAIN
5.7 ECOSYSTEM ANALYSIS
FIGURE 29 KEY PLAYERS IN EXPLOSION-PROOF LIGHTING ECOSYSTEM
TABLE 6 EXPLOSION-PROOF LIGHTING MARKET: ECOSYSTEM
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 EXPLOSION-PROOF LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 7 EXPLOSION-PROOF LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8.1 INTENSITY OF COMPETITIVE RIVALRY
FIGURE 31 INTENSITY OF COMPETITIVE RIVALRY TO BE HIGH DUE TO PRESENCE OF SEVERAL GIANT PLAYERS
5.8.2 THREAT OF SUBSTITUTES
FIGURE 32 THREAT OF SUBSTITUTES TO HAVE LOW IMPACT DURING FORECAST PERIOD DUE TO LOW QUALITY OF SUBSTITUTE PRODUCTS
5.8.3 BARGAINING POWER OF BUYERS
FIGURE 33 BARGAINING POWER OF BUYERS TO BE LOW DUE TO LIMITED
NUMBER OF SUBSTITUTES
5.8.4 BARGAINING POWER OF SUPPLIERS
FIGURE 34 BARGAINING POWER OF SUPPLIERS TO BE MODERATE DUE TO LIMITED PRODUCT DIFFERENTIATION
5.8.5 THREAT OF NEW ENTRANTS
FIGURE 35 THREAT OF NEW ENTRANTS TO HAVE LOW IMPACT ON MARKET DUE TO REQUIREMENT FOR HIGH CAPITAL
5.9 TECHNOLOGY ANALYSIS
TABLE 8 COMMON PROTOCOLS FOR LIGHTING CONTROL APPLICATIONS
5.10 TRADE ANALYSIS
TABLE 9 EXPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
TABLE 10 IMPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
5.11 CASE STUDY ANALYSIS
5.11.1 HUBBELL LIGHTS UP A NORTH SEA OPERATOR WITH ITS LATEST
PROTECTA X LED
5.11.2 PHOENIX SUPPLIES EXPLOSION-PROOF LIGHTS FOR RESEARCH
VESSEL RV VIRGINIA
5.11.3 DIALIGHT REDUCES PEPSICO’S ENERGY CONSUMPTION AND COSTS
6 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 36 LINEAR LIGHT FIXTURES TO EXPERIENCE FASTEST GROWTH
BETWEEN 2021 AND 2026
TABLE 11 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 12 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2021–2026 (USD MILLION)
6.2 HIGH BAY & LOW BAY
6.2.1 EXCELLENT LUMEN OUTPUT AND HIGHLY DIRECTIONAL LIGHTING FOR HIGH CEILING APPLICATIONS ARE FACTORS FUELING DEMAND FOR HIGH BAY & LOW BAY LIGHT FIXTURES
TABLE 13 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 14 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS, BY REGION, 2021–2026 (USD MILLION)
6.3 LINEAR
6.3.1 RECENT DEVELOPMENTS IN EXPLOSION-PROOF LINEAR LIGHTING SPACE TO DRIVE MARKET GROWTH
TABLE 15 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 16 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2021–2026 (USD MILLION)
6.4 FLOOD
6.4.1 INCREASING FOCUS OF END-USER INDUSTRIES ON ADOPTION OF ENERGY-EFFICIENT AND STURDY LIGHTING SOLUTIONS IN OUTDOOR ENVIRONMENTS TO PROMOTE MARKET GROWTH
TABLE 17 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 18 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2021–2026 (USD MILLION)
7 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE
7.1 INTRODUCTION
FIGURE 37 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 19 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 20 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 21 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2017–2020 (THOUSAND UNITS)
TABLE 22 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (THOUSAND UNITS)
7.2 LED
7.2.1 LEDS ARE MOST ENERGY-EFFICIENT LIGHTING OPTIONS AND CAN
BE USED TO DRASTICALLY REDUCE OVERALL OPERATING COST IN INDUSTRIAL FACILITIES
TABLE 23 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 24 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION, 2021–2026 (USD MILLION)
7.3 FLUORESCENT
7.3.1 LOW COST OF FLUORESCENT LIGHT FIXTURES IS MAJOR FACTOR CONTRIBUTING TO ITS DEMAND IN HAZARDOUS LOCATION LIGHTING SOLUTIONS
TABLE 25 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 26 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS, BY REGION, 2021–2026 (USD MILLION)
7.4 OTHERS
TABLE 27 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY REGION, 2017–2020 (USD MILLION)
TABLE 28 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY REGION, 2021–2026 (USD MILLION)
8 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING
8.1 INTRODUCTION
FIGURE 38 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING
8.2 CLASS 1
8.2.1 PRESENCE OF FLAMMABLE GASES OR VAPORS IN AIR ACT AS
SOURCE OF IGNITION
8.3 CLASS 2
8.3.1 PRESENCE OF COMBUSTIBLE DUST IN AIR ACT AS SOURCE OF IGNITION
8.4 CLASS 3
8.4.1 PRESENCE OF IGNITABLE FIBERS IN AIR ACT AS SOURCE OF IGNITION
9 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION
9.1 INTRODUCTION
FIGURE 39 ZONE 2 HAZARDOUS LOCATION TO ACCOUNT FOR LARGEST MARKET SIZE BETWEEN 2021 AND 2026
TABLE 29 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 30 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
9.2 ZONE 1
9.2.1 NOTABLE INDUSTRIAL FACILITIES IN ZONE 1 HAZARDOUS LOCATION INCLUDE PETROLEUM REFINERIES, GASOLINE STORAGE AREAS, PAINT SPRAY BOOTHS, UTILITY GAS PLANTS, AND CHEMICAL PLANTS
TABLE 31 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 32 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2021–2026 (USD MILLION)
9.3 ZONE 2
9.3.1 ZONE 2 DEMANDS EXPLOSION-PROOF LIGHTS BECAUSE OF
PRESENCE OF FLAMMABLE SUBSTANCES IN FORM OF GAS, VAPOR, OR MIST WITHIN ATMOSPHERE
TABLE 33 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 34 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2021–2026 (USD MILLION)
9.4 OTHERS
TABLE 35 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 36 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2021–2026 (USD MILLION)
10 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY
10.1 INTRODUCTION
FIGURE 40 CHEMICAL & PHARMACEUTICAL INDUSTRY TO EXHIBIT FASTEST GROWTH FOR EXPLOSION-PROOF LIGHTING BETWEEN 2021 AND 2026
TABLE 37 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 38 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
10.2 OIL & GAS
10.2.1 INCREASING INVESTMENTS IN OIL & GAS INDUSTRY TO FUEL DEMAND FOR ENERGY-EFFICIENT EXPLOSION-PROOF LIGHTING
TABLE 39 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 40 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.3 CHEMICAL & PHARMACEUTICAL
10.3.1 EXPANDING CHEMICAL & PHARMACEUTICAL MARKET IN EMERGING ECONOMIES TO INCREASE DEMAND FOR EXPLOSION-PROOF LIGHTING
TABLE 41 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 42 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.4 ENERGY & POWER
10.4.1 REGULATORY STANDARDS DEFINING MINIMUM BRIGHTNESS LEVELS IN INDUSTRIAL PLANTS TO PROMOTE MARKET GROWTH
TABLE 43 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 44 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.5 MINING
10.5.1 INCREASING DEMAND FOR ATEX CERTIFIED EXPLOSION-PROOF LUMINAIRES TO DRIVE MARKET GROWTH
TABLE 45 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 46 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.6 FOOD & BEVERAGE
10.6.1 INCREASING DEMAND FOR EXPLOSION-PROOF LIGHTING FIXTURES MADE FROM FOOD-GRADE STAINLESS STEEL AND OTHER FOOD-SAFE MATERIALS TO BOOST MARKET GROWTH
TABLE 47 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 48 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.7 OTHERS
TABLE 49 ILLUMINATION LEVELS THAT SHOULD BE MAINTAINED WITHIN MARINE & SHIPBUILDING INDUSTRY AT DIFFERENT INSTANCES
TABLE 50 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
TABLE 51 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)
11 EXPLOSION-PROOF LIGHTING MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 41 GEOGRAPHIC SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET, 2021–2026
FIGURE 42 APAC TO BE FASTEST-GROWING MARKET FOR EXPLOSION-PROOF LIGHTING
TABLE 52 EXPLOSION-PROOF LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 53 EXPLOSION-PROOF LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2 NORTH AMERICA
FIGURE 43 NORTH AMERICA: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
FIGURE 44 US TO DOMINATE EXPLOSION-PROOF LIGHTING MARKET
DURING FORECAST PERIOD
TABLE 54 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 55 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 56 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 57 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
TABLE 58 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD MILLION)
TABLE 59 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)
TABLE 60 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 61 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 62 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 63 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
11.2.1 US
11.2.1.1 Large presence of leading oil & gas companies to drive demand for explosion-proof lighting
TABLE 64 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 65 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.2.2 CANADA
11.2.2.1 Expanding chemical & pharmaceutical industry in Canada to
boost market growth
TABLE 66 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 67 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.2.3 MEXICO
11.2.3.1 Increasing investments in chemical industry to fuel market growth
TABLE 68 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 69 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
11.2.4 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET
IN NORTH AMERICA
11.3 EUROPE
FIGURE 45 EUROPE: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
FIGURE 46 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 70 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 71 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 72 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 73 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
TABLE 74 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 75 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 76 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 77 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 78 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 79 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
11.3.1 UK
11.3.1.1 Increasing investments and rapid infrastructure development activities in several industries to fuel market growth
TABLE 80 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 81 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Large presence of renowned chemical and pharmaceutical producers to drive market growth
TABLE 82 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 83 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
11.3.3 RUSSIA
11.3.3.1 Increasing investments in oil & gas industry to fuel demand for explosion-proof lighting fixtures
TABLE 84 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 85 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.3.4 REST OF EUROPE
TABLE 86 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 87 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.3.5 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN EUROPE
11.4 APAC
FIGURE 47 APAC: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
FIGURE 48 EXPLOSION-PROOF LIGHTING MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 88 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 89 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 90 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 91 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
TABLE 92 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION)
TABLE 93 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION)
TABLE 94 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 95 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 96 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 97 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
11.4.1 CHINA
11.4.1.1 Availability of cost-effective raw materials and manufacturer and customer proximity have enabled China to emerge as one of leading countries in explosion-proof lighting market
TABLE 98 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 99 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
11.4.2 JAPAN
11.4.2.1 Japan being third-largest shipbuilding nation to witness significant demand for explosion-proof lights
TABLE 100 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 101 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.4.3 INDIA
11.4.3.1 Presence of leading pharmaceutical companies such as Cipla (India) and Sun Pharma (India) to strengthen growth momentum for explosion-proof lighting market in India
TABLE 102 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 103 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.4.4 SOUTH KOREA
11.4.4.1 Increasing upgradation of industrial manufacturing facilities
and adopting of next-generation lighting technologies to fuel
market growth
TABLE 104 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 105 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.4.5 REST OF APAC
TABLE 106 LIST OF UPCOMING OIL & GAS PROJECTS IN REST OF APAC
TABLE 107 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 108 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
11.4.6 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN APAC
11.5 ROW
TABLE 109 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 110 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 111 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 112 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
TABLE 113 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE, 2017–2020 (USD MILLION)
TABLE 114 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION)
TABLE 115 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 116 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 117 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 118 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
11.5.1 MIDDLE EAST & AFRICA
11.5.1.1 Recent contracts related to oil & gas project expansions to fuel demand for explosion-proof lights
TABLE 119 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 120 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.5.2 SOUTH AMERICA
11.5.2.1 Surging investments in offshore & onshore rigs to create growth prospects for explosion-proof lighting manufacturers
TABLE 121 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 122 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
FIGURE 49 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY BETWEEN JANUARY 2018 AND MARCH 2021
12.2 MARKET EVALUATION FRAMEWORK
TABLE 123 OVERVIEW OF STRATEGIES DEPLOYED BY KEY EXPLOSION-PROOF
LIGHTING OEMS
12.2.1 PRODUCT PORTFOLIO
12.2.2 REGIONAL FOCUS
12.2.3 MANUFACTURING FOOTPRINT
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
12.3 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2020
TABLE 124 EXPLOSION-PROOF LIGHTING MARKET: DEGREE OF COMPETITION
TABLE 125 SHARE OF LEADING PLAYERS IN EXPLOSION-PROOF
LIGHTING MARKET, 2020
TABLE 126 MARKET RANKING ANALYSIS: EXPLOSION-PROOF LIGHTING MARKET, 2020
12.4 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN EXPLOSION-PROOF
LIGHTING MARKET
FIGURE 50 REVENUE ANALYSIS FOR KEY COMPANIES FROM
2016 TO 2020 (USD BILLION)
12.5 COMPETITIVE SITUATIONS & TRENDS
12.5.1 PRODUCT LAUNCHES
TABLE 127 EXPLOSION-PROOF LIGHTING MARKET: PRODUCT LAUNCHES, JANUARY 2018–MARCH 2021
12.5.2 DEALS
TABLE 128 EXPLOSION-PROOF LIGHTING MARKET: DEALS, JANUARY 2018–MARCH 2021
12.6 COMPANY EVALUATION MATRIX, 2020
12.6.1 STAR
12.6.2 PERVASIVE
12.6.3 PARTICIPANT
12.6.4 EMERGING LEADER
FIGURE 51 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL), COMPANY EVALUATION MATRIX (2020)
12.7 STARTUP/SME EVALUATION MATRIX, 2020
12.7.1 PROGRESSIVE COMPANY
12.7.2 RESPONSIVE COMPANY
12.7.3 DYNAMIC COMPANY
12.7.4 STARTING BLOCK
FIGURE 52 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX (2020)
12.8 COMPETITIVE BENCHMARKING
TABLE 129 COMPANY INDUSTRY FOOTPRINT
TABLE 130 COMPANY REGION FOOTPRINT
TABLE 131 COMPANY FOOTPRINT
13 COMPANY PROFILES
13.1 INTRODUCTION
(Business Overview, Products Offered, Recent Developments, and MnM View)*
13.2 KEY PLAYERS
13.2.1 EATON
TABLE 132 EATON: BUSINESS OVERVIEW
FIGURE 53 EATON: COMPANY SNAPSHOT
13.2.2 ABB
TABLE 133 ABB: BUSINESS OVERVIEW
FIGURE 54 ABB: COMPANY SNAPSHOT
13.2.3 HUBBELL
TABLE 134 HUBBELL: BUSINESS OVERVIEW
FIGURE 55 HUBBELL: COMPANY SNAPSHOT
13.2.4 EMERSON
TABLE 135 EMERSON: BUSINESS OVERVIEW
FIGURE 56 EMERSON: COMPANY SNAPSHOT
13.2.5 SIGNIFY
TABLE 136 SIGNIFY: BUSINESS OVERVIEW
FIGURE 57 SIGNIFY: COMPANY SNAPSHOT
13.2.6 GE CURRENT
TABLE 137 GE CURRENT: BUSINESS OVERVIEW
13.2.7 GLAMOX
TABLE 138 GLAMOX: BUSINESS OVERVIEW
FIGURE 58 GLAMOX: COMPANY SNAPSHOT
13.2.8 AIRFAL INTERNATIONAL
TABLE 139 AIRFAL INTERNATIONAL: BUSINESS OVERVIEW
13.2.9 PHOENIX LIGHTING
TABLE 140 PHOENIX LIGHTING: BUSINESS OVERVIEW
13.2.10 WORKSITE LIGHTING
TABLE 141 WORKSITE LIGHTING: BUSINESS OVERVIEW
13.2.11 LARSON ELECTRONICS
TABLE 142 LARSON ELECTRONICS: BUSINESS OVERVIEW
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13.3 OTHER IMPORTANT PLAYERS
13.3.1 R. STAHL
13.3.2 RAYTEC
13.3.3 CESP
13.3.4 TORMIN ELECTRICAL
13.3.5 LDPI
13.3.6 IWASAKI ELECTRIC
13.3.7 NORDLAND LIGHTING
13.3.8 NORKA
13.3.9 UNIMAR
13.3.10 SCHUCH
13.3.11 CORTEM
13.3.12 ABTECH
13.3.13 NUOVA ASP
13.3.14 TREVOS
14 APPENDIX
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL
1.2.3 INCLUSIONS AND EXCLUSIONS AT TYPE LEVEL
1.2.4 INCLUSIONS AND EXCLUSIONS AT LIGHT SOURCE LEVEL
1.2.5 INCLUSIONS AND EXCLUSIONS AT HAZARDOUS LOCATION LEVEL
1.2.6 INCLUSIONS AND EXCLUSIONS AT SAFETY RATING LEVEL
1.2.7 INCLUSIONS AND EXCLUSIONS AT END-USER INDUSTRY LEVEL
1.2.8 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 EXPLOSION-PROOF LIGHTING MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 EXPLOSION-PROOF LIGHTING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key participants in primary processes across value chain of explosion-proof lighting market
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM KEY MARKET PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market size by bottom-up analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by top-down analysis
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET SHARE ESTIMATION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.5 RISK ASSESSMENT
TABLE 1 RISK FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.6.1 ASSUMPTIONS
2.6.2 LIMITATIONS
3 EXECUTIVE SUMMARY
3.1 SCENARIO ANALYSIS
FIGURE 9 COMPARISON OF PRE- AND POST-COVID-19 SIZE OF EXPLOSION-PROOF LIGHTING MARKET, BY SCENARIO, 2017–2026
3.1.1 PRE-COVID-19 SCENARIO
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19)
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19)
3.1.4 REALISTIC SCENARIO (POST-COVID-19)
FIGURE 10 HIGH BAY & LOW BAY LIGHTS TO ACCOUNT FOR LARGEST SIZE OF EXPLOSION-PROOF LIGHTING MARKET IN 2021
FIGURE 11 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
FIGURE 12 EXPLOSION-PROOF LIGHTING MARKET IN CANADA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
FIGURE 13 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD
FIGURE 14 APAC TO REGISTER HIGHEST CAGR IN EXPLOSION-PROOF LIGHTING MARKET FROM 2021 TO 2026
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN EXPLOSION-PROOF LIGHTING MARKET
FIGURE 15 LED-BASED EXPLOSION-PROOF LIGHTS TO WITNESS HIGH ADOPTION DURING FORECAST PERIOD
4.2 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY
FIGURE 16 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SIZE
FROM 2021 TO 2026
4.3 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE
FIGURE 17 LARGEST MARKET SHARE WILL BE CAPTURED BY HIGH BAY & LOW BAY LIGHTS IN 2026
4.4 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION
FIGURE 18 ZONE 2 SEGMENT TO EXHIBIT HIGHEST CAGR IN EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD
4.5 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE AND REGION
FIGURE 19 NORTH AMERICA AND LED TO BE MOST FAVORABLE MARKETS IN 2026
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 EXPLOSION-PROOF LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing investments in major end-user industries—oil & gas and chemical & pharmaceutical
TABLE 2 LIST OF UPCOMING OIL & GAS PROJECTS
5.2.1.2 Growing adoption of explosion-proof LED light fixtures owing to several advantages over conventional light sources
TABLE 3 FACTORS SUPPORTING ADOPTION OF LED LIGHTING SOLUTION
FIGURE 21 TOTAL COST OF OWNERSHIP FOR DIFFERENT LIGHT SOURCES
IN 2015 VS. 2020
5.2.1.3 Government regulations regarding employee safety in
hazardous environments
FIGURE 22 EXPLOSION-PROOF LIGHTING MARKET DRIVERS: IMPACT ANALYSIS
5.2.2 RESTRAINTS
5.2.2.1 High initial cost associated with deployment of explosion-proof
LED light fixtures
5.2.2.2 Lack of common open standards
TABLE 4 NORMS, LABELS, AND STANDARDS FOR LED LIGHTING TO BE FOLLOWED ACROSS INDUSTRIES
FIGURE 23 EXPLOSION-PROOF LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS
5.2.3 OPPORTUNITIES
5.2.3.1 Rapid transition from traditional lighting systems to connected lighting solutions
5.2.3.2 Growing focus of governments worldwide on energy conservation
FIGURE 24 EXPLOSION-PROOF LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS
5.2.4 CHALLENGES
5.2.4.1 Difficulties in generating high revenue attributed to
COVID-19 pandemic
5.2.4.2 Supply chain disruptions caused due to outbreak of COVID-19
FIGURE 25 EXPLOSION-PROOF LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS
5.3 REVENUE SHIFT AND NEW REVENUE POCKETS FOR EXPLOSION-PROOF
LIGHTING MARKET PLAYERS
FIGURE 26 REVENUE SHIFT IN EXPLOSION-PROOF LIGHTING MARKET
5.4 PRICE TREND ANALYSIS
FIGURE 27 AVERAGE SELLING PRICES OF EXPLOSION-PROOF LIGHTING FIXTURES USING DIFFERENT LIGHT SOURCES, 2017–2026
5.5 REGULATORY LANDSCAPE
TABLE 5 RECENT REGULATORY NORMS
5.6 VALUE CHAIN ANALYSIS
FIGURE 28 VALUE CHAIN ANALYSIS: INPUT SUPPLIERS AND ORIGINAL
EQUIPMENT MANUFACTURERS ADD MAJOR VALUE TO EXPLOSION-PROOF LIGHTING CHAIN
5.7 ECOSYSTEM ANALYSIS
FIGURE 29 KEY PLAYERS IN EXPLOSION-PROOF LIGHTING ECOSYSTEM
TABLE 6 EXPLOSION-PROOF LIGHTING MARKET: ECOSYSTEM
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 EXPLOSION-PROOF LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 7 EXPLOSION-PROOF LIGHTING MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8.1 INTENSITY OF COMPETITIVE RIVALRY
FIGURE 31 INTENSITY OF COMPETITIVE RIVALRY TO BE HIGH DUE TO PRESENCE OF SEVERAL GIANT PLAYERS
5.8.2 THREAT OF SUBSTITUTES
FIGURE 32 THREAT OF SUBSTITUTES TO HAVE LOW IMPACT DURING FORECAST PERIOD DUE TO LOW QUALITY OF SUBSTITUTE PRODUCTS
5.8.3 BARGAINING POWER OF BUYERS
FIGURE 33 BARGAINING POWER OF BUYERS TO BE LOW DUE TO LIMITED
NUMBER OF SUBSTITUTES
5.8.4 BARGAINING POWER OF SUPPLIERS
FIGURE 34 BARGAINING POWER OF SUPPLIERS TO BE MODERATE DUE TO LIMITED PRODUCT DIFFERENTIATION
5.8.5 THREAT OF NEW ENTRANTS
FIGURE 35 THREAT OF NEW ENTRANTS TO HAVE LOW IMPACT ON MARKET DUE TO REQUIREMENT FOR HIGH CAPITAL
5.9 TECHNOLOGY ANALYSIS
TABLE 8 COMMON PROTOCOLS FOR LIGHTING CONTROL APPLICATIONS
5.10 TRADE ANALYSIS
TABLE 9 EXPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
TABLE 10 IMPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
5.11 CASE STUDY ANALYSIS
5.11.1 HUBBELL LIGHTS UP A NORTH SEA OPERATOR WITH ITS LATEST
PROTECTA X LED
5.11.2 PHOENIX SUPPLIES EXPLOSION-PROOF LIGHTS FOR RESEARCH
VESSEL RV VIRGINIA
5.11.3 DIALIGHT REDUCES PEPSICO’S ENERGY CONSUMPTION AND COSTS
6 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 36 LINEAR LIGHT FIXTURES TO EXPERIENCE FASTEST GROWTH
BETWEEN 2021 AND 2026
TABLE 11 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 12 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2021–2026 (USD MILLION)
6.2 HIGH BAY & LOW BAY
6.2.1 EXCELLENT LUMEN OUTPUT AND HIGHLY DIRECTIONAL LIGHTING FOR HIGH CEILING APPLICATIONS ARE FACTORS FUELING DEMAND FOR HIGH BAY & LOW BAY LIGHT FIXTURES
TABLE 13 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 14 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS, BY REGION, 2021–2026 (USD MILLION)
6.3 LINEAR
6.3.1 RECENT DEVELOPMENTS IN EXPLOSION-PROOF LINEAR LIGHTING SPACE TO DRIVE MARKET GROWTH
TABLE 15 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 16 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2021–2026 (USD MILLION)
6.4 FLOOD
6.4.1 INCREASING FOCUS OF END-USER INDUSTRIES ON ADOPTION OF ENERGY-EFFICIENT AND STURDY LIGHTING SOLUTIONS IN OUTDOOR ENVIRONMENTS TO PROMOTE MARKET GROWTH
TABLE 17 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 18 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2021–2026 (USD MILLION)
7 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE
7.1 INTRODUCTION
FIGURE 37 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 19 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 20 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 21 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2017–2020 (THOUSAND UNITS)
TABLE 22 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (THOUSAND UNITS)
7.2 LED
7.2.1 LEDS ARE MOST ENERGY-EFFICIENT LIGHTING OPTIONS AND CAN
BE USED TO DRASTICALLY REDUCE OVERALL OPERATING COST IN INDUSTRIAL FACILITIES
TABLE 23 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 24 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION, 2021–2026 (USD MILLION)
7.3 FLUORESCENT
7.3.1 LOW COST OF FLUORESCENT LIGHT FIXTURES IS MAJOR FACTOR CONTRIBUTING TO ITS DEMAND IN HAZARDOUS LOCATION LIGHTING SOLUTIONS
TABLE 25 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS, BY REGION, 2017–2020 (USD MILLION)
TABLE 26 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS, BY REGION, 2021–2026 (USD MILLION)
7.4 OTHERS
TABLE 27 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY REGION, 2017–2020 (USD MILLION)
TABLE 28 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY REGION, 2021–2026 (USD MILLION)
8 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING
8.1 INTRODUCTION
FIGURE 38 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING
8.2 CLASS 1
8.2.1 PRESENCE OF FLAMMABLE GASES OR VAPORS IN AIR ACT AS
SOURCE OF IGNITION
8.3 CLASS 2
8.3.1 PRESENCE OF COMBUSTIBLE DUST IN AIR ACT AS SOURCE OF IGNITION
8.4 CLASS 3
8.4.1 PRESENCE OF IGNITABLE FIBERS IN AIR ACT AS SOURCE OF IGNITION
9 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION
9.1 INTRODUCTION
FIGURE 39 ZONE 2 HAZARDOUS LOCATION TO ACCOUNT FOR LARGEST MARKET SIZE BETWEEN 2021 AND 2026
TABLE 29 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 30 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
9.2 ZONE 1
9.2.1 NOTABLE INDUSTRIAL FACILITIES IN ZONE 1 HAZARDOUS LOCATION INCLUDE PETROLEUM REFINERIES, GASOLINE STORAGE AREAS, PAINT SPRAY BOOTHS, UTILITY GAS PLANTS, AND CHEMICAL PLANTS
TABLE 31 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 32 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2021–2026 (USD MILLION)
9.3 ZONE 2
9.3.1 ZONE 2 DEMANDS EXPLOSION-PROOF LIGHTS BECAUSE OF
PRESENCE OF FLAMMABLE SUBSTANCES IN FORM OF GAS, VAPOR, OR MIST WITHIN ATMOSPHERE
TABLE 33 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 34 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2021–2026 (USD MILLION)
9.4 OTHERS
TABLE 35 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 36 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2021–2026 (USD MILLION)
10 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY
10.1 INTRODUCTION
FIGURE 40 CHEMICAL & PHARMACEUTICAL INDUSTRY TO EXHIBIT FASTEST GROWTH FOR EXPLOSION-PROOF LIGHTING BETWEEN 2021 AND 2026
TABLE 37 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 38 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
10.2 OIL & GAS
10.2.1 INCREASING INVESTMENTS IN OIL & GAS INDUSTRY TO FUEL DEMAND FOR ENERGY-EFFICIENT EXPLOSION-PROOF LIGHTING
TABLE 39 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 40 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.3 CHEMICAL & PHARMACEUTICAL
10.3.1 EXPANDING CHEMICAL & PHARMACEUTICAL MARKET IN EMERGING ECONOMIES TO INCREASE DEMAND FOR EXPLOSION-PROOF LIGHTING
TABLE 41 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 42 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.4 ENERGY & POWER
10.4.1 REGULATORY STANDARDS DEFINING MINIMUM BRIGHTNESS LEVELS IN INDUSTRIAL PLANTS TO PROMOTE MARKET GROWTH
TABLE 43 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 44 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.5 MINING
10.5.1 INCREASING DEMAND FOR ATEX CERTIFIED EXPLOSION-PROOF LUMINAIRES TO DRIVE MARKET GROWTH
TABLE 45 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 46 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.6 FOOD & BEVERAGE
10.6.1 INCREASING DEMAND FOR EXPLOSION-PROOF LIGHTING FIXTURES MADE FROM FOOD-GRADE STAINLESS STEEL AND OTHER FOOD-SAFE MATERIALS TO BOOST MARKET GROWTH
TABLE 47 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 48 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.7 OTHERS
TABLE 49 ILLUMINATION LEVELS THAT SHOULD BE MAINTAINED WITHIN MARINE & SHIPBUILDING INDUSTRY AT DIFFERENT INSTANCES
TABLE 50 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
TABLE 51 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)
11 EXPLOSION-PROOF LIGHTING MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 41 GEOGRAPHIC SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET, 2021–2026
FIGURE 42 APAC TO BE FASTEST-GROWING MARKET FOR EXPLOSION-PROOF LIGHTING
TABLE 52 EXPLOSION-PROOF LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 53 EXPLOSION-PROOF LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2 NORTH AMERICA
FIGURE 43 NORTH AMERICA: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
FIGURE 44 US TO DOMINATE EXPLOSION-PROOF LIGHTING MARKET
DURING FORECAST PERIOD
TABLE 54 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 55 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 56 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 57 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
TABLE 58 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD MILLION)
TABLE 59 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)
TABLE 60 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 61 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 62 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 63 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
11.2.1 US
11.2.1.1 Large presence of leading oil & gas companies to drive demand for explosion-proof lighting
TABLE 64 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 65 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.2.2 CANADA
11.2.2.1 Expanding chemical & pharmaceutical industry in Canada to
boost market growth
TABLE 66 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 67 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.2.3 MEXICO
11.2.3.1 Increasing investments in chemical industry to fuel market growth
TABLE 68 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 69 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
11.2.4 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET
IN NORTH AMERICA
11.3 EUROPE
FIGURE 45 EUROPE: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
FIGURE 46 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 70 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 71 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 72 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 73 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
TABLE 74 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 75 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 76 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 77 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 78 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 79 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
11.3.1 UK
11.3.1.1 Increasing investments and rapid infrastructure development activities in several industries to fuel market growth
TABLE 80 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 81 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Large presence of renowned chemical and pharmaceutical producers to drive market growth
TABLE 82 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 83 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
11.3.3 RUSSIA
11.3.3.1 Increasing investments in oil & gas industry to fuel demand for explosion-proof lighting fixtures
TABLE 84 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 85 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.3.4 REST OF EUROPE
TABLE 86 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 87 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.3.5 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN EUROPE
11.4 APAC
FIGURE 47 APAC: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
FIGURE 48 EXPLOSION-PROOF LIGHTING MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 88 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 89 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 90 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 91 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
TABLE 92 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION)
TABLE 93 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION)
TABLE 94 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 95 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 96 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 97 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
11.4.1 CHINA
11.4.1.1 Availability of cost-effective raw materials and manufacturer and customer proximity have enabled China to emerge as one of leading countries in explosion-proof lighting market
TABLE 98 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 99 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
11.4.2 JAPAN
11.4.2.1 Japan being third-largest shipbuilding nation to witness significant demand for explosion-proof lights
TABLE 100 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 101 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.4.3 INDIA
11.4.3.1 Presence of leading pharmaceutical companies such as Cipla (India) and Sun Pharma (India) to strengthen growth momentum for explosion-proof lighting market in India
TABLE 102 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 103 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.4.4 SOUTH KOREA
11.4.4.1 Increasing upgradation of industrial manufacturing facilities
and adopting of next-generation lighting technologies to fuel
market growth
TABLE 104 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 105 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.4.5 REST OF APAC
TABLE 106 LIST OF UPCOMING OIL & GAS PROJECTS IN REST OF APAC
TABLE 107 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 108 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
11.4.6 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN APAC
11.5 ROW
TABLE 109 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 110 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 111 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
TABLE 112 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
TABLE 113 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE, 2017–2020 (USD MILLION)
TABLE 114 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION)
TABLE 115 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 116 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
TABLE 117 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
TABLE 118 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
11.5.1 MIDDLE EAST & AFRICA
11.5.1.1 Recent contracts related to oil & gas project expansions to fuel demand for explosion-proof lights
TABLE 119 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
TABLE 120 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
11.5.2 SOUTH AMERICA
11.5.2.1 Surging investments in offshore & onshore rigs to create growth prospects for explosion-proof lighting manufacturers
TABLE 121 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
TABLE 122 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
FIGURE 49 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY BETWEEN JANUARY 2018 AND MARCH 2021
12.2 MARKET EVALUATION FRAMEWORK
TABLE 123 OVERVIEW OF STRATEGIES DEPLOYED BY KEY EXPLOSION-PROOF
LIGHTING OEMS
12.2.1 PRODUCT PORTFOLIO
12.2.2 REGIONAL FOCUS
12.2.3 MANUFACTURING FOOTPRINT
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
12.3 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2020
TABLE 124 EXPLOSION-PROOF LIGHTING MARKET: DEGREE OF COMPETITION
TABLE 125 SHARE OF LEADING PLAYERS IN EXPLOSION-PROOF
LIGHTING MARKET, 2020
TABLE 126 MARKET RANKING ANALYSIS: EXPLOSION-PROOF LIGHTING MARKET, 2020
12.4 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN EXPLOSION-PROOF
LIGHTING MARKET
FIGURE 50 REVENUE ANALYSIS FOR KEY COMPANIES FROM
2016 TO 2020 (USD BILLION)
12.5 COMPETITIVE SITUATIONS & TRENDS
12.5.1 PRODUCT LAUNCHES
TABLE 127 EXPLOSION-PROOF LIGHTING MARKET: PRODUCT LAUNCHES, JANUARY 2018–MARCH 2021
12.5.2 DEALS
TABLE 128 EXPLOSION-PROOF LIGHTING MARKET: DEALS, JANUARY 2018–MARCH 2021
12.6 COMPANY EVALUATION MATRIX, 2020
12.6.1 STAR
12.6.2 PERVASIVE
12.6.3 PARTICIPANT
12.6.4 EMERGING LEADER
FIGURE 51 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL), COMPANY EVALUATION MATRIX (2020)
12.7 STARTUP/SME EVALUATION MATRIX, 2020
12.7.1 PROGRESSIVE COMPANY
12.7.2 RESPONSIVE COMPANY
12.7.3 DYNAMIC COMPANY
12.7.4 STARTING BLOCK
FIGURE 52 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX (2020)
12.8 COMPETITIVE BENCHMARKING
TABLE 129 COMPANY INDUSTRY FOOTPRINT
TABLE 130 COMPANY REGION FOOTPRINT
TABLE 131 COMPANY FOOTPRINT
13 COMPANY PROFILES
13.1 INTRODUCTION
(Business Overview, Products Offered, Recent Developments, and MnM View)*
13.2 KEY PLAYERS
13.2.1 EATON
TABLE 132 EATON: BUSINESS OVERVIEW
FIGURE 53 EATON: COMPANY SNAPSHOT
13.2.2 ABB
TABLE 133 ABB: BUSINESS OVERVIEW
FIGURE 54 ABB: COMPANY SNAPSHOT
13.2.3 HUBBELL
TABLE 134 HUBBELL: BUSINESS OVERVIEW
FIGURE 55 HUBBELL: COMPANY SNAPSHOT
13.2.4 EMERSON
TABLE 135 EMERSON: BUSINESS OVERVIEW
FIGURE 56 EMERSON: COMPANY SNAPSHOT
13.2.5 SIGNIFY
TABLE 136 SIGNIFY: BUSINESS OVERVIEW
FIGURE 57 SIGNIFY: COMPANY SNAPSHOT
13.2.6 GE CURRENT
TABLE 137 GE CURRENT: BUSINESS OVERVIEW
13.2.7 GLAMOX
TABLE 138 GLAMOX: BUSINESS OVERVIEW
FIGURE 58 GLAMOX: COMPANY SNAPSHOT
13.2.8 AIRFAL INTERNATIONAL
TABLE 139 AIRFAL INTERNATIONAL: BUSINESS OVERVIEW
13.2.9 PHOENIX LIGHTING
TABLE 140 PHOENIX LIGHTING: BUSINESS OVERVIEW
13.2.10 WORKSITE LIGHTING
TABLE 141 WORKSITE LIGHTING: BUSINESS OVERVIEW
13.2.11 LARSON ELECTRONICS
TABLE 142 LARSON ELECTRONICS: BUSINESS OVERVIEW
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13.3 OTHER IMPORTANT PLAYERS
13.3.1 R. STAHL
13.3.2 RAYTEC
13.3.3 CESP
13.3.4 TORMIN ELECTRICAL
13.3.5 LDPI
13.3.6 IWASAKI ELECTRIC
13.3.7 NORDLAND LIGHTING
13.3.8 NORKA
13.3.9 UNIMAR
13.3.10 SCHUCH
13.3.11 CORTEM
13.3.12 ABTECH
13.3.13 NUOVA ASP
13.3.14 TREVOS
14 APPENDIX
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
