ElectroniCast Consultants releases Hazardous Location LED Lighting Market Forecast

ElectroniCast Consultants, a leading market research consultancy, today announced the release of their market forecast study of the worldwide use of light emitting diode-lighting (LED) luminaries (fixtures with lamp/light source) in hazardous location lighting.

 

“Last year (2020), the global consumption value of LED-based luminaires for use in hazardous location lighting (explosion-proof and other) reached $483.14 million (rounded-down to $483 million,” said Stephen Montgomery, president of ElectroniCast.

 

The coronavirus pandemic remains a grave concern throughout the world. Because of the impact on production, supply, decreases in sales, slowdowns in marketing, shipment and implementation (and other) caused by the negative effects of the coronavirus (COVID-19), ElectroniCast report a slowdown in consumption in 2020 and are forecasting a sluggish recovery for one or more years.

 

“The consumption (use) value is forecast to increase at an average annual rate of 8.4% during the 1st-half of the forecast period (2020-2025) to reach $723.97 million in the year 2025, and then at a slower (more mature) annual pace (5.5%) during the 2nd-half (2025-2030), to reach $946.24 million in 2030,” Montgomery added.

 

Unsafe lighting is one of the most common potential sources of ignition causing and explosion.  Working environments that contain explosive gases or dust are extremely volatile environments. A variety of luminaires (light fixture + LED light source) are available that are considered suitable for hazardous locations, since they prevent any possible ignition sources from being exposed to the air. In various lighting applications, hazardous locations are defined as areas that are at risk of fire or explosion due to the combined presence of electrical equipment and flammable gases or vapors, flammable liquids, combustible dusts, ignitable fibers, or other substances.

 

In the process of this market research project, in addition to interviewing existing customers and potential customers of LED-based hazardous location lighting, ElectroniCast also studied lighting manufactures with various ranges of hazardous area lighting products. The luminaires are designed for locations where explosive gases and dusts are found, providing suitable lighting without enabling a risk of explosion.

 

The continued acceptance of solid-state lighting (SSL) light emitting diodes (LEDs) in the general lighting industry continues to push lighting-industry vendors, as well as end-users, to consider innovative solutions (new products) to adopt hazardous location LED lighting solutions.

 

The following regions are quantified in this study report:

 

  • America (North, Central and South America)
  • EMEA (Europe, Middle East and Africa)
  • APAC (Asia Pacific)

 

This market forecast is presented for four (4) major end-user group (sub-application) categories:

 

  • Power Plants, Pumping Stations, Substations
  • Military Bases, Airports, Other Transportation Facilities
  • Gas (service) Stations, Paint-Spray Booths, Other Commercial/Industrial
  • Oil Fields, Oil Refineries, Offshore Oil Platforms, Mining, and Other Similar

 

“The Gas (service) Station, Paint Spray Booth and Commercial/Industrial category is expected to hold the lead in relative market share of global consumption in 2019,” Montgomery added as shown.

 

The market forecast is also segmented into the following product-type:

 

  • Spot, Flood and General-Area
  • Linear: Tube and String/Strip
  • Small portable-type: Flash lights, wearable head-light
  • Specialty, Panel and Miscellaneous

 

 

 

Consumption Value Forecast     Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.   Last year (2020), the global consumption value of LED-based luminaires for use in hazardous location lighting (explosion-proof and other) reached $483.14 million (rounded-down to $483 million.  The consumption (use) value is forecast to increase at an average annual rate of 8.4% during the 1st-half of the forecast period (2020-2025) to reach $723.97 million in the year 2025, and then at a slower (more mature) annual pace (5.5%) during the 2nd-half (2025-2030), to reach $946.24 million in 2030.  [1]

 

 

This market forecast report is available immediately from ElectroniCast Consultants. For detailed information on this or other services provided by ElectroniCast, please contact Stephen Montgomery at montgomery@electronicast.com

 

Founded in 1981, ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communications and manufacturing companies, as well as the investment/financial community.  Reduction of the risk of major investment decisions is the main benefit provided.  ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.

[1]  All values and prices in this report are at factory as-shipped levels, and are in current dollars, which include the effect of a forecasted 5 percent annual inflation rate over the forecast period.

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