launch of new power plants is driving the Explosion-Proof Lighting Market
Technavio analyzes that the Explosion-Proof Lighting Market is expected to grow at a CAGR of 6.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 133132.4 thousand.There are various factors that contribute to the growth of the market. The explosion-proof lighting market is experiencing significant growth due to the increasing number of power plants being launched. These facilities require specialized lighting solutions to ensure safety and compliance with industry regulations. Explosion-proof lighting systems protect against ignition sources and are essential for hazardous locations. Manufacturers are continually innovating to provide energy-efficient and cost-effective solutions, making this market a promising investment opportunity.
The explosion-proof lighting market encompasses various components, including bulbs, contacts, wiring, and switches, designed to operate in flammable atmospheres. Notably, linear explosion-proof lighting solutions are experiencing substantial growth due to their adaptability, energy efficiency, and compatibility with diverse industrial applications. In response to this expanding market demand, Emerson recently extended its Appleton Rigmaster LED linear luminaires product line in January 2023. These low-profile, lightweight, and energy-efficient luminaires cater to both hazardous and non-hazardous environments, enhancing their versatility across sectors. Suitable for use in challenging conditions, such as underground tunnels, foundries, warehouses, and food processing plants, where dirt, dust, and moisture are common, these luminaires boast a robust internal housing unit ensuring high durability.
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Explosion-Proof Lighting Market Segmentation
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In the Explosion-Proof Lighting Market, safety is paramount in hazardous environments where explosive gases and vapors may be present. Standard lighting fixtures are not suitable as they can produce sparks, igniting flammable gases in the atmosphere. To mitigate risks, explosion-proof lighting is encased in sturdy materials like steel or aluminum, with durable lenses and thicker tempered glass. These designs prevent ignitions, ensuring high durability even in harsh working conditions. Maintenance costs are greater due to the complex design, but the mobility and safety benefits outweigh the costs. The internal housing unit is designed to prevent sparks from contacts, bulbs, wiring, and switches, making it suitable for use in flammable atmospheres.
The Explosion-Proof Lighting Market is a segment of the larger global Electrical Components and Equipment Market. This market caters to businesses involved in the production of explosion-proof lighting fixtures for hazardous environments where the presence of explosive gases, vapors, or flammable atmospheres necessitates stringent safety precautions. Manufacturers of these lighting solutions are included in the broader electrical components and equipment market, which encompasses the revenue generated by manufacturers of various electrical products such as water heaters and accessories, motors, electrical distribution and protection equipment, small generators, wire and cable accessories, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. The market size is calculated based on the combined revenue from both manufacturing and rental or leasing activities to end-users in industrial, commercial, and residential sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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