Lucintel Forecasts The Global Explosion Proof Lighting Market To Reach $1 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global explosion proof lighting market looks promising with opportunities in the chemical, oil and gas, food and beverage, mining, energy and power, and marine industries. The global explosion proof lighting market is expected to reach an estimated $1 billion by 2030 at a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are rising investments in oil & gas exploration and expansion projects and growing adoption of led based explosion-proof light fixtures in industrial facilities.
A more than 150-page report to understand trends, opportunity and forecast in global explosion proof lighting market to 2030 by type (general lighting, floodlights, compact lights, and others), light source (led, fluorescent, and others), safety rating (class1, class2, and class3), end use industry (chemical, oil and gas, food and beverage, mining, energy and power, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, general lighting is expected to witness highest ...
... growth over the forecast period due to its versatility and wide range of applications.
Within the end use category, chemical is expected to witness highest growth over the forecast period due to the increasing demand for explosion proof lighting in this sector for various applications, such as processing areas, storage facilities, and loading and unloading areas.
Download sample by clicking on explosion proof lighting market.
In terms of regions, APAC is expected to witness highest growth over the forecast period due to the significant demand for explosion proof lighting from various end use industries, such as oil and gas, chemical, and mining sectors of the region.
Eaton, Hubbell, Emerson, ABB, GE Current are the major suppliers in the explosion proof lighting market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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