A comprehensive analysis of the Hazardous Location Lighting Market including market sizing, market share by competitor, market share by distribution channel, drivers, restraints, product pricing trends, industry quotations, company profiles and market forecasts to 2024 for global market.
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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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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.
The report offers the market growth rate, size, and forecasts at the global level in addition as for the geographic areas: Latin America, Europe, Asia Pacific, North America, and Middle East & Africa. Also it analyses, roadways and provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading market players within the Hazardous Location Lighting market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users.
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Manufacturing Analysis Hazardous Location Lighting Market
Manufacturing process for the Hazardous Location Lighting is studied in this section. It includes through analysis of Key Raw Materials, Key Suppliers of Raw Materials, Price Trend of Key Raw Materials, cost of Raw Materials & Labor Cost, Manufacturing Process Analysis of Hazardous Location Lighting market
Marketing Strategy Analysis, Distributors/Traders Analysis of Hazardous Location Lighting Market
Various marketing channels like direct and indirect marketing are portrayed in Hazardous Location Lighting market report. Important marketing strategical data , Marketing Channel Development Trend, , Pricing Strategy, Market Positioning, Target Client Brand Strategy and Distributors/Traders List
In this study, the years considered to estimate the market size of Hazardous Location Lighting Market are as follows:-
- History Year: 2013-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2024
No Of Pages in Hazardous Location Lighting Market Report: 137
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Hazardous Location Lighting market reports deliver insight and expert analysis into key consumer trends and behaviour in marketplace, in addition to an overview of the market data and key brands. Hazardous Location Lighting market reports provides all data with easily digestible information to guide every businessman’s future innovation and move business forward.