Explosion-proof Lighting Market

Explosion-proof Lighting Market by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent), Safety Rating, Hazardous Location, End-user Industry, and Region (2021-2026)

Report Code: SE 7896 May, 2021, by marketsandmarkets.com

[205 Pages Report] The global explosion-proof lighting market is estimated to be USD 471 million by 2026 from USD 340 million in 2021, at a CAGR of 6.7% between 2021 and 2026.

The growth of the explosion-proof lighting market is fueled by increasing investments in oil & gas exploration and expansion projects, government regulations regarding employee safety in hazardous environments, rapid transition from traditional light systems to connected lighting solutions, and surging adoption of LED based explosion-proof light fixtures in industrial facilities.

Explosion-proof Lighting Market

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COVID-19 Impact on the Global Explosion-proof Lighting Market

The explosion-proof lighting market includes major Tier 1 and 2 suppliers like Eaton, ABB, Hubbell, Emerson, Signify, GE Current, Glamox, Phoenix Lighting, R. STAHL, and Larson Electronics. These suppliers have their manufacturing facilities spread across various countries across North America, Europe, Asia Pacific, and RoW. Explosion-proof lighting products supplied by these companies are used by end-user industries such as oil & gas, chemical & pharmaceutical, food & beverage, mining, energy & power, and others. Covid-19 not only impacted the operations of the explosion-proof lighting market players, but also affected the businesses of companies from the above-mentioned industries. Governments worldwide have cut down their spending on various areas to focus more on improving healthcare infrastructure; therefore, the demand for explosion-proof lighting products and solutions from national oil & gas projects is expected to shrink. Also, as industrial facilities in most parts of the world would run at a significantly low capacity in 2021, industrial facilities might observe a delay in upgrading their lighting infrastructure. All these factors are expected to negatively impact the explosion-proof lighting market.  

Explosion-proof lighting Market Dynamics

Driver: Increasing investments in major end-user industries—oil & gas and chemical & pharmaceutical

Oil & gas is the major end-user industry of explosion-proof lighting since any loss or damage to assets due to an explosion can lead to increased costs. With several upcoming oil & gas projects across the globe, the demand for new explosion-proof lighting in the oil & gas industry is expected to increase, which will drive the market growth during the forecast period. Some of these projects include the Johan Castberg Field in Norway, Corpus Christi LNG in US, and Petronas Floating LNG 2 in Malaysia. In the chemical & pharmaceutical industry, the presence of flammable substances is high, and any reaction of the substances with sparks within the luminaire could lead to an explosion. Therefore, lights encased within thick glass covers and an explosion-proof box are used in the industry. Additionally, the industry in emerging economies such as India and China is growing rapidly and attracting high investments. For instance, according to Invest India, the chemical & petrochemical industry in India is expected to reach to USD 300 Billion by 2025.

Restraint: High initial cost associated with deployment of explosion-proof LED light fixtur

The average cost of an explosion-proof LED light fixture is USD 500, which is considerably higher as compared to fluorescent light fixtures, whose prices are approximately USD 300 for similar form factor. An efficient lighting solution—LED lights—can save costs in the long run. However, the initial cost associated with the implementation and equipment is very high. LED lamps are approximately 10 times costlier than conventional lamps. However, the mass production of LED lamps and evolving lighting technologies are expected to reduce the price of LEDs significantly in the near future. With lighting control systems, the lighting costs can be reduced by 30–60 percent while enhancing lighting quality and reducing environmental impact. Efforts need to be taken by the manufacturers, facility managers, and the governments to make customers aware of the long-term benefits of installing LED lighting solutions.

Opportunity: Rapid transition from traditional lighting systems to connected lighting solutions

In recent years, there has been a rapid shift in the adoption of connected lighting solutions from traditional lighting systems due to various advantages offered by connected lighting solutions, such as increased energy efficiency, improved luminance, and cost savings in the long run. Connected lighting enables users to remotely regulate the lights according to their requirements and hence, minimize energy costs. As industries such as oil & gas, chemical & pharmaceutical, and food & beverage highly rely on cost optimization, the demand for IoT-enabled explosion-proof lighting is expected to increase during the forecast period. Additionally, several developments are taking place in the connected lighting market space. BACnet, a communication protocol for building automation, has added wireless networking options by adding the ZigBee profile to the lighting system. ZigBee is a wireless technology designed to address the requirements of the low-cost, low-power wireless sensors and control networks in LED lighting solutions. This integration between BACnet and ZigBee would help to create an efficient and connected LED lighting network.

Challenges: Difficulties in generating high revenue attributed to COVID-19 pandemic

The outbreak of COVID-19 has negatively impacted the explosion-proof lighting market. Leading explosion-proof lighting providers, such as Eaton (Ireland) and Emerson (US), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 10% and 8%, respectively, in their FY 2020 revenue as compared to the previous year. Governments worldwide have cut down their spending on various areas to focus on improving healthcare infrastructure, and therefore, the demand for explosion-proof LED lighting from national lighting projects is expected to shrink. Also, as industrial facilities in most parts of the world would run at a significantly low capacity in 2021, companies might delay a potential upgrade of their lighting solutions. Though for the past few months, the industrial facilities have increased their capacity, the investment in retrofitting and upgrading light fixtures is significantly impacted.

Explosion-proof Lighting Market Ecosystem

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LEDs accounted for the largest market share of the explosion-proof lighting market in 2020

LEDs are the most energy-efficient lighting options having a long lifespan of nearly 50,000–100,000 working hours. Growing focus of governments worldwide on energy conservation is a major factor contributing to the market growth. The governments in countries such as Thailand, China, Brazil, and the US have implemented stringent regulations mandating LEDs for lighting applications. These regulations also direct manufacturers of thrusting fixtures to comply with minimum standards of lighting efficiency. This is creating the demand for explosion-proof LED light fixtures and therefore contributing to the high market growth for these fixtures.

Zone 2 expected to be the fastest growing segment of the explosion-proof lighting market, by hazardous location between 2021 and 2026

Zone 2 has a high-risk atmosphere consisting of a mixture of air with flammable substances in the form of gas, vapor, or mist. These flammable gases or vapors can potentially lead to ignition or fire when reacting with electrical sources, including lighting. Notable locations include petroleum refineries, gasoline storage areas, cold storage, and chemical plants. In hazardous locations, lighting protocols such as NFPA 101, IBC mandate, and National Electrical Code (NEC) must be followed to maintain safe illumination levels across facilities of the oil & gas, chemical & pharmaceutical, and food & beverage industries. Also, hazardous location lighting or explosion-proof lights should be compliant with Occupational Safety and Health Administration (OSHA) Safety Standards for use in areas where flammable petrochemical vapors and/or dust exist or have the potential to exist. Thus, the presence of the above-mentioned regulations is supporting the growth of the explosion-proof lighting market for Zone 2 applications.

Oil & Gas: The largest segment of explosion-proof lighting market, by end-user industry

The environment in the oil & gas industry is highly prone to explosives, and the use of lighting solutions in this environment needs to be explosive-protected with all the necessary built-in safety standards. Ongoing developments in the industry is expected to increase the demand for explosion-proof light fixtures during the forecast period. For instance, a large number of companies are focusing on the exploration and production of oil & gas assets across the world. Moscow, the capital city of Russia, is taking new measures to spur the oil & gas industry development, with a target of doubling production of petrochemicals to approximately 20 million metric tons per year by 2030. In July 2019, Kuwait signed a USD 600 million offshore exploration contract with Halliburton (US), which can increase Kuwait’s production capacity of oil by approximately 100,000 barrels of oil per day. Additionally, upcoming oil & gas projects such as Basra Gas Gathering Project in Iraq and Abu Dhabi North West Development Project in UAE with investments of approximately USD 17.2 billion and USD 15 billion, respectively, will boost the demand for explosion-proof luminaires across downstream, upstream, and midstream operational units in the oil & gas industry.

APAC is projected to be the fastest growing regional market between 2021 and 2026

APAC is expected to exhibit the highest CAGR in the explosion-proof lighting market during the forecast period. The region has witnessed significant investments in the oil & gas, chemical & pharmaceutical, mining, and marine & shipbuilding industries. For instance, according to Invest India, the chemical & petrochemical industry in India is expected to grow to USD 300 billion by 2025. Furthermore, the increase in mining infrastructure development activities in India is driving the demand for explosion-proof light fixtures. Also, according to International Energy Statistics, China is the fifth-largest oil producer globally with a market share of 5%. In the APAC region, the number of industrial facilities is increasing significantly as raw materials are easily available in Asian countries such as India and China. Also, being one of the fastest-growing innovation centers in the world, companies around the globe are looking to invest and expand their industrial bases in the APAC region. All these factors are placing explosion-proof lighting market in APAC towards a positive growth trajectory.

The outbreak of the COVID-19 pandemic has affected the global supply chain of the lighting industry, owing to the lockdowns imposed across many countries during the first and second quarters of 2020. The supply chain of lighting devices is complex and depends on several suppliers from disparate locations to be in synchronization with each other. The shortage of even a single component can hold up an entire production line, resulting in inventory and cashflow backlogs. Unless the entire supply chain of the lighting device market is operational and functioning smoothly, their production is challenged and constrained. Thus, most of the lighting OEMs and integrators are witnessing a shortage of electronic components such as chips and LED drivers. This has created an imbalance, resulting in a demand–supply gap and an increase in the prices of lighting products. Disruption in the supply chain would create an imbalance in the demand–supply equation and create pressure across entities in the explosion-proof lighting ecosystem.

Explosion-proof Lighting Market by Region

Key Market Players

The explosion-proof lighting market is dominated by key globally established players such as Eaton (Ireland), Hubbell (US), Emerson (US), ABB (Switzerland), and GE Current (US).

These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, contracts, and acquisitions to strengthen their position in the market.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2026

Base Year

2020

Forecast Period

2021–2026

Forecast Unit

Value (USD Million/Thousand)

Segments Covered

By Type, By Light Source, By Safety Rating, By Hazardous Location, By End-user Industry, and By Region

Geographic Regions Covered

North America, Europe, APAC, and RoW

Companies Covered

The major players include Eaton (Ireland), Hubbell (US), Emerson (US), ABB (Switzerland), and GE Current (US) (Total 25 companies)

This report categorizes the explosion-proof lighting market based on type, light source, safety rating, hazardous location, end-user industry, and region

By Type:

  • High Bay & Low Bay
  • Linear
  • Flood

By Light Source:

  • LED
  • Fluorescent
  • Others

By Safety Rating:

  • Class 1
  • Class 2
  • Class 3

By End-user Industry:

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

By Hazardous Location:

  • Zone 1
  • Zone 2
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Recent Developments

  • In March 2021, Larson Electronics launched the EPL-EMG-LB-50LED-RT-CM, an explosion-proof high bay LED light fixture for use in Class I, Division 1 hazardous locations. This LED fixture comes with an emergency battery backup and provides 7,000 lumens of light output while drawing only 50 watts.
  • In November 2020, Eaton launched HPLN Ex LED explosion-proof lighting, designed to deliver reliable performance in harsh operating conditions in Zone 1 and 2 hazardous areas. The HPLN features a compact, high-efficacy design with custom optics to ensure maximum efficiency.
  • In November 2020, GE Current launched the GE Filtr-Gard to its existing portfolio of LED HID replacement lamps for hazardous locations. The hazardous lamp portfolio is offered in 21-, 35-, and 45-watt configurations and comes in 3000K, 4000K, or 5000K color temperatures, offering 2.5x times longer life as compared to standard HID lamps.
  • In October 2020, Hubbell launched its new Luna LED Temporary Floodlight. This new Luna LED Floodlight, being IP66 and IP67 rated, is dust-tight and protected against powerful jets of water and immersion. The product is certified for use in Zones 1, 2, 21, and 22, making it ideal for use in oil refineries, chemical plants, and offshore platforms, as well as many other hazardous areas.
  • In May 2020, Eaton launched the latest LED explosion-proof lighting, HRL series, which has excellent luminous efficacy with over 50% cost-saving and energy consumption than traditional ones and can powerfully boost the safety of working conditions.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 19)
    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 (Page No. - 26)
    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 (Page No. - 40)
    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 SEGMENT 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 GROW AT 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 (Page No. - 46)
    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 THROUGHOUT FORECAST PERIOD
    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 (Page No. - 49)
    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
           FIGURE 36 EXPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015–2019 (USD THOUSAND)
           FIGURE 37 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 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 (Page No. - 74)
    6.1 INTRODUCTION
           FIGURE 38 LINEAR LIGHT FIXTURES TO EXPERIENCE FASTEST GROWTH RATE IN EXPLOSION-PROOF LIGHTING MARKET BETWEEN 2021 AND 2026
           TABLE 9 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 10 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 FUEL DEMAND FOR HIGH BAY & LOW BAY LIGHT FIXTURES
                    TABLE 11 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 12 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 TECHNOLOGY TO DRIVE MARKET GROWTH
                    TABLE 13 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 14 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2021–2026 (USD MILLION)
    6.4 FLOOD
           6.4.1 STRONG FOCUS OF END-USER INDUSTRIES ON ADOPTION OF ENERGY-EFFICIENT AND STURDY LIGHTING SOLUTIONS IN OUTDOOR ENVIRONMENTS TO PROMOTE MARKET GROWTH
                    TABLE 15 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 16 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2021–2026 (USD MILLION)

7 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE (Page No. - 80)
    7.1 INTRODUCTION
           FIGURE 39 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
           TABLE 17 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
           TABLE 18 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
           TABLE 19 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2017–2020 (THOUSAND UNITS)
           TABLE 20 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021–2026 (THOUSAND UNITS)
    7.2 LED
           7.2.1 LED LIGHTING IS MOST ENERGY-EFFICIENT OPTION ADOPTED BY INDUSTRIAL FACILITIES TO REDUCE OVERALL OPERATING COST
                    TABLE 21 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 22 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 ACCELERATES THEIR DEPLOYMENT IN HAZARDOUS LOCATIONS
                    TABLE 23 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 24 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS, BY REGION, 2021–2026 (USD MILLION)
    7.4 OTHERS
           TABLE 25 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY REGION, 2017–2020 (USD MILLION)
           TABLE 26 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY REGION, 2021–2026 (USD MILLION)

8 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING (Page No. - 87)
    8.1 INTRODUCTION
           FIGURE 40 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 (Page No. - 89)
    9.1 INTRODUCTION
           FIGURE 41 ZONE 2 HAZARDOUS LOCATION TO ACCOUNT FOR LARGEST MARKET SIZE BETWEEN 2021 AND 2026
           TABLE 27 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
           TABLE 28 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 29 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 30 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 31 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 32 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2021–2026 (USD MILLION)
    9.4 OTHERS
           TABLE 33 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2017–2020 (USD MILLION)
           TABLE 34 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2021–2026 (USD MILLION)

10 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY (Page No. - 95)
     10.1 INTRODUCTION
           FIGURE 42 CHEMICAL & PHARMACEUTICAL INDUSTRY TO BE FASTEST-GROWING MARKET FOR EXPLOSION-PROOF LIGHTING BETWEEN 2021 AND 2026
           TABLE 35 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 36 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 37 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 38 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 REQUIREMENT FOR EXPLOSION-PROOF LIGHTING
                        TABLE 39 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 40 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 41 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 42 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.5 MINING
             10.5.1 SURGING DEMAND FOR ATEX-CERTIFIED EXPLOSION-PROOF LUMINAIRES TO SUPPORT MARKET GROWTH
                        TABLE 43 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 44 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.6 FOOD & BEVERAGE
             10.6.1 RISING ADOPTION OF EXPLOSION-PROOF LIGHTING FIXTURES MADE FROM FOOD-GRADE STAINLESS STEEL AND OTHER FOOD-SAFE MATERIALS TO BOOST MARKET GROWTH
                        TABLE 45 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 46 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.7 OTHERS
           TABLE 47 ILLUMINATION LEVELS TO BE MAINTAINED WITHIN MARINE & SHIPBUILDING INDUSTRY IN DIFFERENT INSTANCES
           TABLE 48 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
           TABLE 49 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)

11 EXPLOSION-PROOF LIGHTING MARKET, BY REGION (Page No. - 105)
     11.1 INTRODUCTION
             FIGURE 43 GEOGRAPHIC SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET, 2021–2026
             FIGURE 44 APAC TO BE FASTEST-GROWING MARKET FOR EXPLOSION-PROOF LIGHTING DURING FORECAST PERIOD
             TABLE 50 EXPLOSION-PROOF LIGHTING MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 51 EXPLOSION-PROOF LIGHTING MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.2 NORTH AMERICA
             FIGURE 45 NORTH AMERICA: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
             FIGURE 46 US TO DOMINATE EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD
             TABLE 52 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 53 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 54 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 55 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             TABLE 56 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD MILLION)
             TABLE 57 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)
             TABLE 58 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
             TABLE 59 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             TABLE 60 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
             TABLE 61 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
             11.2.1 US
                        11.2.1.1 Significant presence of leading oil & gas companies in US to drive demand for explosion-proof lighting
                                     TABLE 62 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                                     TABLE 63 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             11.2.2 CANADA
                        11.2.2.1 Thriving chemical & pharmaceutical industry in Canada to boost market growth
                                     TABLE 64 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                                     TABLE 65 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 66 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
                                     TABLE 67 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 47 EUROPE: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
             FIGURE 48 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 68 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 69 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 70 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 71 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             TABLE 72 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION)
             TABLE 73 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)
             TABLE 74 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
             TABLE 75 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             TABLE 76 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
             TABLE 77 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY HAZARDOUS LOCATION, 2021–2026 (USD MILLION)
             11.3.1 UK
                        11.3.1.1 Rapid infrastructure development with growing investment by several industries to fuel market growth
                                     TABLE 78 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                                     TABLE 79 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             11.3.2 GERMANY
                        11.3.2.1 Robust presence of renowned chemical and pharmaceutical companies to drive market growth
                                     TABLE 80 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
                                     TABLE 81 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)
             11.3.3 RUSSIA
                        11.3.3.1 High investments in oil & gas industry to fuel demand for explosion-proof lighting fixtures
                                     TABLE 82 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                                     TABLE 83 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             11.3.4 REST OF EUROPE
                        TABLE 84 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                        TABLE 85 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 49 APAC: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET
             FIGURE 50 EXPLOSION-PROOF LIGHTING MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 86 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 87 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 88 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 89 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             TABLE 90 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION)
             TABLE 91 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION)
             TABLE 92 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
             TABLE 93 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             TABLE 94 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
             TABLE 95 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 allows China to capture leading position in explosion-proof lighting market
                                     TABLE 96 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
                                     TABLE 97 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 98 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                                     TABLE 99 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             11.4.3 INDIA
                        11.4.3.1 Prominent presence of leading pharmaceutical companies such as Cipla (India) and Sun Pharma (India) to strengthen country’s position in explosion-proof lighting market
                                     TABLE 100 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                                     TABLE 101 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             11.4.4 SOUTH KOREA
                        11.4.4.1 Strong focus on modification of manufacturing facilities with adoption of next-generation lighting technologies to fuel market growth
                                     TABLE 102 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                                     TABLE 103 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             11.4.5 REST OF APAC
                        TABLE 104 LIST OF UPCOMING OIL & GAS PROJECTS IN REST OF APAC
                        TABLE 105 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
                        TABLE 106 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 107 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
             TABLE 108 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
             TABLE 109 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 110 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             TABLE 111 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE, 2017–2020 (USD MILLION)
             TABLE 112 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION)
             TABLE 113 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
             TABLE 114 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE, 2021–2026 (USD MILLION)
             TABLE 115 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2017–2020 (USD MILLION)
             TABLE 116 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 117 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA, BY LIGHT SOURCE, 2017–2020 (USD MILLION)
                                     TABLE 118 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 119 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA, BY LIGHT SOURCE, 2017–2020 (USD THOUSAND)
                                     TABLE 120 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA, BY LIGHT SOURCE, 2021–2026 (USD THOUSAND)

12 COMPETITIVE LANDSCAPE (Page No. - 142)
     12.1 INTRODUCTION
             FIGURE 51 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY BETWEEN JANUARY 2018 AND MARCH 2021
     12.2 MARKET EVALUATION FRAMEWORK
             TABLE 121 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 122 EXPLOSION-PROOF LIGHTING MARKET: DEGREE OF COMPETITION
             TABLE 123 SHARE OF LEADING PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET, 2020
             TABLE 124 MARKET RANKING ANALYSIS: EXPLOSION-PROOF LIGHTING MARKET, 2020
     12.4 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET
           FIGURE 52 REVENUE ANALYSIS FOR KEY COMPANIES FROM 2016 TO 2020 (USD BILLION)
     12.5 COMPETITIVE SITUATIONS & TRENDS
             12.5.1 PRODUCT LAUNCHES
                       TABLE 125 EXPLOSION-PROOF LIGHTING MARKET: PRODUCT LAUNCHES, JANUARY 2018–MARCH 2021
             12.5.2 DEALS
                       TABLE 126 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 53 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 54 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX (2020)
     12.8 COMPETITIVE BENCHMARKING
             TABLE 127 COMPANY INDUSTRY FOOTPRINT
             TABLE 128 COMPANY REGION FOOTPRINT
             TABLE 129 COMPANY FOOTPRINT

13 COMPANY PROFILES (Page No. - 158)
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
(Business Overview, Products, Recent Developments, MnM View)* 
             13.2.1 EATON
                        TABLE 130 EATON: BUSINESS OVERVIEW
                        FIGURE 55 EATON: COMPANY SNAPSHOT
             13.2.2 ABB
                        TABLE 131 ABB: BUSINESS OVERVIEW
                        FIGURE 56 ABB: COMPANY SNAPSHOT
             13.2.3 HUBBELL
                        TABLE 132 HUBBELL: BUSINESS OVERVIEW
                        FIGURE 57 HUBBELL: COMPANY SNAPSHOT
             13.2.4 EMERSON
                        TABLE 133 EMERSON: BUSINESS OVERVIEW
                        FIGURE 58 EMERSON: COMPANY SNAPSHOT
             13.2.5 SIGNIFY
                        TABLE 134 SIGNIFY: BUSINESS OVERVIEW
                        FIGURE 59 SIGNIFY: COMPANY SNAPSHOT
             13.2.6 GE CURRENT
                        TABLE 135 GE CURRENT: BUSINESS OVERVIEW
             13.2.7 GLAMOX
                        TABLE 136 GLAMOX: BUSINESS OVERVIEW
                        FIGURE 60 GLAMOX: COMPANY SNAPSHOT
             13.2.8 AIRFAL INTERNATIONAL
                        TABLE 137 AIRFAL INTERNATIONAL: BUSINESS OVERVIEW
             13.2.9 PHOENIX LIGHTING
                        TABLE 138 PHOENIX LIGHTING: BUSINESS OVERVIEW
             13.2.10 WORKSITE LIGHTING
                        TABLE 139 WORKSITE LIGHTING: BUSINESS OVERVIEW
             13.2.11 LARSON ELECTRONICS
                        TABLE 140 LARSON ELECTRONICS: BUSINESS OVERVIEW
*Details on Business Overview, Products, Recent Developments, 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 (Page No. - 198)
     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

The study involved four major activities in estimating the size of the explosion-proof lighting market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market’s size. After that, market breakdown and data triangulation were used to estimate the market sizes of segments and sub-segments.

Secondary Research

In the explosion-proof lighting market report, both top-down and bottom-up approaches have been used to estimate and validate the size of the explosion-proof lighting market, along with other dependent submarkets. The key players in the explosion-proof lighting market have been identified through secondary research, and their market ranks have been determined through primary and secondary research. This entire research methodology involved studying annual and financial reports of the top players and interviewing experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that may affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Primary Research

The explosion-proof lighting market supply chain comprises several stakeholders, such as input suppliers, OEMs, system integrators, design consultants, distribution channels, and end-users. The demand side of this market is characterized by industries such as oil & gas, chemical & pharmaceutical, food & beverage, and mining, among others; while the supply side is characterized by input suppliers, OEMs, system integrators, design consultants, and distribution channels. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of the primary respondents is provided below:

Explosion-proof Lighting Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of explosion-proof lighting market and its segments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research
  • The supply chain and the size of the explosion-proof lighting market, in terms of value, have been determined through primary and secondary research processes
  • Several primary interviews have been conducted with key opinion leaders related to explosion-proof lighting supply chain, including input suppliers, OEMs, lighting associations, and end-users.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
  • Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Explosion-proof Lighting Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides of the explosion-proof lighting market.

Report Objectives

  • To describe and forecast the explosion-proof lighting market size, by type, light source, hazardous location, end-user industry, and region, in terms of value
  • To describe and forecast the explosion-proof lighting market size, by light source, in terms of volume
  • To describe and forecast the market size for various segments of the explosion-proof lighting market with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
  • To provide detailed information regarding drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the explosion-proof lighting market
  • To provide a value chain analysis of the global explosion proof lighting ecosystem, along with critical information about price and technology trends, market ecosystem, Porter’s five forces analysis, regulatory landscape, trade analysis, and case studies
  • To describe the impact of COVID-19 on the explosion-proof lighting market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze growth opportunities for stakeholders in the explosion-proof lighting market
  • To strategically profile key players and comprehensively analyze their position in the explosion-proof lighting market in terms of their market share and core competencies and provide details of the competitive landscape for market leaders
  • To analyze various developments such as contracts, acquisitions, and product launches, along with research and development activities, in the global explosion-proof lighting market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Geographic Information

  • Additional country-level analysis of explosion-proof lighting market
Report Code
SE 7896
Published ON
May, 2021
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