Explosion-Proof Lighting Market: Overview
The explosion-proof lighting market is bound to gain extensive growth during the forecast period of 2020-2030 on the back of the rising investments in the oil and gas sector around the world. The government regulations for employee safety have been strengthened and this aspect further boosts the growth prospects of the explosion-proof lighting market.
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Explosion-proof lights are also popular as hazard location lights. They are designed for spark isolation within the unit to prevent explosions from exploding. This aspect results in risk minimization which further strengthen the growth of the explosion-proof lighting market. The lights are typically placed in a thick frame. The frames are made from robust materials such as aluminum or steel.
The lenses used in explosion-proof lightingcan handle harsh working conditions and also do not crack easily. All these factors serve as a prominent growth booster for the explosion-proof lighting market.
The overwhelming utilization of explosion-proof lighting across various sectors such as energy, power, oil and gas, food and beverage, chemical, pharmaceuticals, mining, and others will bring good growth opportunities across the global market. Explosion-proof lighting is available in varied light sources such as fluorescent, LED, and others. Based on hazardous location, the explosion-proof lighting market can be classified into zone 1, zone 2, and zone 3.
The TMR Research report on the explosion-proof lighting market displays the versatile aspects associated with the explosion-proof lighting market. TMR Research has the 5-point Growth Formula covering all the factors that have the potential of generating growth. The experts at TMR Research have analyzed every point that will have a large effect on the growth of the explosion-proof lighting market. The COVID-19 impact has also been covered in the report with great detail.
Explosion-Proof Lighting Market: Industrial Dimensions
The explosion-proof lighting market is fragmented with many players vying for a top position among others. The players are involved in intense research and development activities. These activities help in discovering insights that help in upgrading the lighting systems. The players are also trying their hand at making the lighting systems more sustainable and environment-friendly. These factors bode well for the growth of the explosion-proof lighting market.
The players are involved in mergers, acquisitions, partnerships, and joint ventures. These collaborations help in strengthening the foothold of the players in the explosion-proof lighting market, eventually increasing the growth rate.
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Some key players in the explosion-proof lighting market are;
- Brite Strike Technologies DA
- Emerson, GE Current
- Zhejiang Tormin Electrical Co. Ltd
- ABB Petro Middle East
Explosion-Proof Lighting Market: Recent Developments
New product launches and upgrades in the explosion-proof lighting market help in propelling growth opportunities. Here are some of the vital developments across the explosion-proof lighting market.
- Western Technology, Inc., a US-based company recently launched the BRICK 3.0 explosion-proof LED lights range. It comes with on-site cable replacement features.
- Eaton launched the new recessed HRL LED explosion-proof lighting range that has numerous benefits such as energy efficiency and affordability. They are ideal for wet and extreme temperature areas and harmful explosion-proof areas.
Explosion-Proof Lighting Market: Regional Scenario
The explosion-proof lighting market in Asia Pacific will observe dominant growth across the assessment period of 2020-2030. The expanding horizon of investments in the oil and gas sector around the region and the magnifying mining infrastructure development activities will serve as vital growth factors for the explosion-proof lighting market in Asia Pacific.
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