The Asia Pacific explosion proof lighting market was valued at US$ 94.37 million in 2023 and is expected to reach US$ 171.11 million by 2031; it is estimated to register a CAGR of 7.7% from 2023 to 2031.
Increasing Preference for Handheld LED Lights Boosts Asia Pacific Explosion Proof Lighting Market
Easy availability and energy efficiency are the key benefits of LED lighting. Moreover, these lighting systems come with simpler maintenance requirements compared to fluorescent and other conventional lighting solutions. The increasing awareness of energy efficiency among end users and stringent regulations imposed by governments to favor certain energy sources propel the demand for energy-efficient products. The market for lighting systems is rapidly evolving from traditional lighting technology to connected lighting systems with the surging popularity of handheld lighting. Explosion-proof handheld LED lights are lightweight and portable lights, weighing less than 2 pounds. These lights typically come with blunt cut, tamper-proof features, ergonomic grip, and a convenient hanging hook, making them suitable for hazardous locations. Handheld LED lights ensure workers' safety by providing appropriate visibility at the worksite. Industries such as oil & gas, power, energy, chemicals, petrochemicals, and mining are facing challenges related to the installation of suitable lighting systems. Moreover, highly complex working conditions in these industries make the installation and operation of a proper lighting system difficult, which fuels the demand for handheld explosion-proof LED lighting systems. Portable explosion-proof handheld lights serve as better alternatives when the fixed on-site lighting system is insufficient to meet worker's needs. Thus, the increasing preference for handheld LED lights contributes significantly to the growth of the explosion-proof lighting market.
Asia Pacific Explosion Proof Lighting Market Overview
The Asia Pacific explosion-proof lighting market is anticipated to expand at a notable pace during the forecast period, owing to the rising number of manufacturing facilities and the growing consumption of crude oil. Companies in China and India are highly demanding crude oil to convert it into electricity. According to data by the US Energy Information Administration, in 2022, China and India recorded an oil consumption of 15.15 and 5.05 million barrels per day, respectively, accounting for 15% and 5% of the world's total oil consumption. As the oil & gas industry workspace expands, explosion-proof LED, fluorescent, and incandescent lights are installed in large numbers to provide ample illumination and maintain a safe working environment. Therefore, the explosion-proof lighting market in Asia Pacific is poised to accelerate in the upcoming years.
Asia Pacific Explosion Proof Lighting Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific Explosion Proof Lighting Market Segmentation
The Asia Pacific explosion proof lighting market is categorized into type, light type, end user, and country.
Based on type, the Asia Pacific explosion proof lighting market is segmented into fixed lighting, small and portable lighting, and mobile lighting. The fixed lighting segment held the largest market share in 2023. The fixed lighting segment is further sub segmented into linear light, flood light, high bay light, bulkhead light, emergency light, and others.
By light type, the Asia Pacific explosion proof lighting market is segmented into LED light, high-intensity discharge light, fluorescent light, and incandescent light. The LED light segment held the largest market share in 2023.
Based on end user, the Asia Pacific explosion proof lighting market is segmented into oil & gas, chemical, pharmaceutical, energy, manufacturing, food & beverages, military & defense, transportation & logistics, clean & medical, paint shop & application technology, agriculture & farming, public & community, and others. The oil & gas segment held the largest market share in 2023.
By country, the Asia Pacific explosion proof lighting market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific Explosion Proof Lighting Market share in 2023.
ABB Ltd, Eaton Corp Plc, Pepperl+Fuchs SE, ABTECH, Signify Holding (Philips), Glamox, Hubbell Inc, Emerson Electric Co, Rockwell Automation Inc, Adolf Schuch GmbH, Airfal International, R. STAHL AG, and NORKA are some of the leading companies operating in the Asia Pacific explosion proof lighting market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific explosion proof lighting market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific explosion proof lighting market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific explosion proof lighting market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook