Hazardous Location Lighting Market reports provides a comprehensive overview of the global market size and share. Hazardous Location Lighting market data reports also provide a 5 year pre-historic and forecast for the sector and include data on socio-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization
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About Hazardous Location Lighting Industry
In terms of revenue, the global market size of Hazardous Location Lighting was 382.48 million USD in 2016 and will be 616.39 million USD in 2022. In terms of volume, the Sales of Hazardous Location Lighting was about 975.71 K Units in 2016. And it is anticipated to reach 1716.96 K Units by 2022.
Recent changes in the regulations in the US has led to the 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 the past few years, there has been a continuous 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.
The key players are Dialight Corporation, GE Lighting, Emerson Electric, Eaton, Hubbell ncorporated, Acuity Brands, AZZ Inc., Kenall Manufacturing, Nemalux, LDPI, Cree, Thomas & etts Corporation (ABB), Phoenix Products Company, Larson Electronics, Unimar, Solas Ray Lighting (Continental Inc), Western Technology, Lind Equipment.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
The worldwide market for Hazardous Location Lighting is expected to grow at a CAGR of roughly 8.2% over the next five years, will reach 660 million US$ in 2024, from 410 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Hazardous Location Lighting in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The overviews, SWOT analysis and strategies of each vendor in the Hazardous Location Lighting market provide understanding about the market forces and how those can be exploited to create future opportunities.
Key Players in this Hazardous Location Lighting market are:–
- Dialight Corporation
Thomas & Betts Corporation (ABB)
Phoenix Products Company
Solas Ray Lighting (Continental Inc)
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Production Analysis: SWOT analysis of major key players of Hazardous Location Lighting industry based on a Strengths, Weaknesses, company’s internal & external environments. …, Opportunities and Threats. . It also includes Production, Revenue, and average product price and market shares of key players. Those data are further drilled down with Manufacturing Base Distribution, Production Area and Product Type. Major points like Competitive Situation and Trends, Concentration Rate Mergers & Acquisitions, Expansion which are vital information to grow/establish a business is also provided.
Application of Hazardous Location Lighting Market are:
Mining & Steel
Military & Public Safety
Product Segment Analysis of the Hazardous Location Lighting Market is:
High Pressure Sodium
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This research report consists of the world’s crucial region market share, size (volume), trends including the product profit, price, Value, production, capacity, capability utilization, supply, and demand and industry growth rate.
Geographically this report covers all the major manufacturers from India, China, USA, UK, and Japan. The present, past and forecast overview of Hazardous Location Lighting market is represented in this report.
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The Hazardous Location Lighting Market Report is Prepared with the Main Agenda to Cover the following points:
- Market Size side-effect Categories
- Market patterns
- Manufacturer Landscape
- Distributor Landscape
- Valuing Analysis
- Top 10 company Analysis
- Product Benchmarking
- Product Developments
- Mergers and Acquisition Analysis
- Patent Analysis
- Request Analysis ( By Revenue and Volume )
- Country level Analysis (15+)
- Excerpt of the overall industry Analysis
- Product Chain Analysis
- Production network Analysis
- Current and Future Market Landscape Analysis
- Opportunity Analysis
- Income and Volume Analysis
Report Price: USD 3480
No of Pages in Hazardous Location Lighting Market: 137
Analysis & Forecast Time Period: 2015-2024
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