Global Hazardous Location LED Lights Industry

Global Hazardous Location LED Lights Industry

  • October 2019 •
  • 87 pages •
  • Report ID: 5798709 •
  • Format: PDF
Hazardous Location LED Lights market worldwide is projected to grow by US$356.8 Million, driven by a compounded growth of 10.9%. Oil & Gas, one of the segments analyzed and sized in this study, displays the potential to grow at over 12.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$224.3 Million by the year 2025, Oil & Gas will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 12.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$15.5 Million to the region’s size and clout in the next 5 to 6 years. Over US$16.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Oil & Gas will reach a market size of US$20.7 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.4% over the next couple of years and add approximately US$59.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, ABB Installation Products; Chalmit, a Hubbell Company; Dialight PLC; Digital Lumens; Eaton - Cooper Power Systems; Emerson Industrial Automation; Federal Signal Corporation; GE Lighting; Intertek Group PLC; Larson Electronics LLC; LDPI Inc.; Nemalux Inc.; RAB Lighting Inc.; Unimar Inc.; WorkSite Lighting