DUBLIN, Oct. 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/d3hb9v/global_hazardous) has announced the addition of the "Global Hazardous Location LED Lights Market By Types, Class, Hazardous Zones, Applications, End Users, Regions and Vendors - Market Trends and Forecasts (2015 - 2020)" report to their offering.
The hazardous location LED lights market is estimated to be worth $0.19 billion in 2015 and is projected to grow at a CAGR of 19.35% during the forecast period to reach $0.47 billion by 2020.
Recent changes in the regulations in US, has led to discontinuation of mercury vapor ballasts and metal halide luminaires, which has demanded a need for specialized lighting in hazardous areas. LEDs are sturdy, reliable, versatile, directional, cold start capable, efficient, non-toxic and durable. In past few years, there has been continuous a technological advancement in manufacturing the bright white LED fixtures for industrial lighting. Hence, they are a good choice for indicator lamps as they are capable of replacing the traditional incandescent lamps at a fast rate.
Rapid industrialization has further provided impetus to industrial LED lighting solutions, demanding indoor and outdoor lighting requirements, including hazardous locations, where safety and maintenance have been persistent concerns. Increasing the number of factories globally has led to an increased risk of explosion due to the mixtures of gases or flammable combinations. Therefore, in such areas there have been rising demand to eliminate sources of ignition such as sparks, hot surface or static electricity. This has accelerated the growth of LED lights implementation, used across industries such as mills that process fine particulates, handle or store pharmaceuticals; fireworks; plastics; magnesium; Aluminum powders, coals and others.
The hazardous location LED lights market is broadly divided on basis of their Types, classes, hazardous zones, applications, end-users and geography. As per type of hazardous location LED lights market has been segmented into LED cart light, LED flash light, LED flood light, off-shore skid lighting, LED ladder mount light and others. Based on class the market is segregated into class I, class II and class III. There are various hazardous zones such as zone 0, zone 20, zone 1, zone 21, zone 2 and zone 22, under which segmentation is done. Whereas, as per end-user consensus, the market is segmented into petroleum refineries, aircraft hangars, dry cleaning plants, utility gas plants, offshore oil platforms, chemical plants and others.
Some of the market players mentioned in the report are Thomas & Betts Corporation, Emerson Industrial Automation, Digital Lumens, GE Lighting, Dialight plc, Worksite Lighting, LLC and Larson Electronics.
Key Topics Covered:
2. Executive Summary
3. Key Findings Of The Study
4. Market Dynamics
5. Technology Snapshot
6. Hazardous Location LED Lights Market Analysis & Forecast
7. Vendor Market Share Analysis
8. Competitive Intelligence - Company Profiles
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SOURCE Research and Markets