Explosion-Proof Lighting Market is expected to reach US$ 552.47 Million by 2031


PRESS RELEASE BY The Insight Partners 26 Jul 2024

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Growing Importance of Ensuring Workforce Safety Boosts Explosion-Proof Lighting Market Growth

According to our latest study titled “Explosion-Proof Lighting Market Forecast to 2031 – Global and Regional Share, Trend, and Growth Opportunity Analysis — by Type, Light Type, and End User,” the market was valued at US$ 309.60 million in 2023 and is projected to reach US$ 552.47 million by 2031, it is estimated to register a CAGR of 7.5% from 2023 to 2031. The report includes growth prospects in light of current explosion-proof lighting market trends and driving factors influencing the market growth.

With the growing number of accidents in industries such as oil & gas, chemicals, pharmaceuticals, energy, and mining, the focus on industrial safety measures has increased worldwide. According to the Mine Safety and Health Administration, seven miners died in the first six weeks of 2023 due to an electrocution incident. Similarly, in September 2023, a gas leak at Aarey Drugs & Pharmaceuticals Ltd in Maharashtra's Palghar district killed a contract worker and seriously injured four others. This increases the demand for explosion-proof lighting in the oil & gas industry to prevent accidents. Good lighting conditions are critical for spotting possible hazards and detecting warning signs of equipment malfunctioning in hazardous areas. Thus, optimal lighting installations may help reduce the number of accidents in factories worldwide, which propels the demand for explosion-proof lighting in accident-prone industries. A properly lit workplace with stable illumination reinforces a company's commitment to safety and allows employees to accomplish their tasks with confidence.

Explosion-Proof Lighting Market – by Region, 2023 and 2031

Explosion-Proof Lighting Market – by Region, 2023 and 2031


Explosion-Proof Lighting Market Growth Report and Size by 2031

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Explosion-Proof Lighting Market Size and Forecast (2021-2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: by Type (Fixed Lighting, Small and Portable Lighting, and Mobile Lighting), Light Type (LED Light, High-Intensity Discharge Light, Fluorescent Light, and Incandescent Light), End User (Oil & Gas, Chemical, Pharmaceutical, Energy, Manufacturing, Food & Beverages, Military & Defense, Transportation & Logistics, Clean & Medical, Paint Shop & Application Technology, Agriculture & Farming, Public & Community, and Others), and Geography

Source: The Insight Partners Analysis

Most Western countries have built rudimentary labor legislation frameworks that support a reduction in working hours, frequent inspection of factories, and apt insurance provisions for industrial injuries. In Sweden, industrial safety parameters have been developed within the framework of legislation to protect and compensate workers, these parameters have been defined through self-regulation among labor market participants to a considerable extent. According to data from the European Union (EU), the Seveso-III Directive (Directive 2012/18/EU) on the control of major accident dangers establishes the necessary framework for risk management procedures to prevent major accidents and mitigate their consequences. This framework applies to nearly 12,000 industrial facilities throughout the EU. Industries are deploying lighting fixtures with consent ratings of Class 1 Division 1 (C1D1) and Class 1 Division 2 (C1D2) within their facilities to reduce fire or other explosive risks. Explosion-proof lighting in hazardous areas is crucial to prevent accidents and promote a safe work culture. These lighting systems produce higher-quality light with equal distribution to different areas, enhancing visibility for workers by eliminating shadows. Explosion-resistant lights are resistant to vibration and shock, reducing their likelihood of contributing to hazardous situations through breaking or malfunction. Thus, a need to ensure safety at workplaces bolsters the explosion-proof lighting market growth.

The explosion-proof lighting market analysis has been carried out by considering the following segments: type, light type, and end user. Based on type, the market is segmented into fixed lighting, small and portable lighting, and mobile lighting. In terms of light type, the market is divided into LED light, high-intensity discharge light, fluorescent light, and incandescent light. By end user, the market is segmented into oil and gas, chemical, pharmaceutical, energy, manufacturing, food and beverages, military and defense, transportation and logistics, clean and medical, paint shop and application technology, agriculture and farming, public and community, and others. The oil and gas segment held the largest explosion-proof lighting market share in 2023.

The scope of the explosion-proof lighting market report is primarily divided into North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America accounted for the largest explosion-proof lighting market share in 2023. Significant investments in infrastructural development and construction activities benefit the explosion-proof lighting market in North America. Explosion-proof lighting systems are highly adopted at construction sites for improving productivity by enhancing safety and efficiency. These lights are heat resistant, highly versatile, and improve workers’ mobility by enhancing workers' safety at construction sites. The US, Canada, and Mexico are among the major economies in North America. Canada and Mexico are experiencing a notable rise in investments in the construction industry. For instance, according to a September 2023 report by the Government of Canada, the country has committed to continuously investing ~US$ 133.64 billion in the development of natural spaces, public transit infrastructure, trading ports, energy systems, and community services till 2028. Thus, the adoption of explosion-proof lighting is on the rise in the construction, power generation, and automotive industries, among others, in North American countries.

In March 2024, LDPI, Inc., a Canada-based explosion-proof lighting manufacturer, developed LED lighting for hazardous locations and explosive environments. The company exhibited its LED lighting portfolio at the 2024 LEDucation Conference and Exhibition. LDPI’s LED explosion-proof lights are suitable for different settings due to their compact design, ruggedness, and durability, as well as their long service life, which significantly decreases the maintenance costs of users. This is driving the growth of explosion-proof lighting market size in North America.

ABB Ltd, Hubbell Inc, Eaton Corp Plc, Cortem S.p.A., Pepperl+Fuchs SE, Emerson Electric Co, Rockwell Automation Inc, Adolf Schuch GmbH, Airfal International, LDPI, Inc, ABTECH, Signify Holding (Philips), R. STAHL AG, NORKA, Glamox, TREVOS, a.s., and TEP Ex d.o.o. are among the key players profiled in the explosion-proof lighting market report.

 

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