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LED Lamps Used in Explosion Proof Lighting Global Market Forecast Finds ElectroniCast Consultants - LED lamps used in explosion-proof lighting fixtures to reach $206.5 million in 2018 - ElectroniCast.com
LED Lamps Used in Explosion Proof Lighting Global Market Forecast Finds ElectroniCast Consultants

 

PRZOOM - /newswire/ - Upper Lake, CA, United States, 2012/02/28 - LED lamps used in explosion-proof lighting fixtures to reach $206.5 million in 2018 - ElectroniCast.com.

   
 
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ElectroniCast Consultants, a leading market/technology consultancy, today announced the release of a new market forecast study of the global consumption of light emitting diode-lighting lamps used in Explosion-Proof Lighting. According to the ElectroniCast report, the global consumption value of LED-based lamps, which are used in explosions-proof light fixtures, is forecast to increase from $137.8 million in 2011 to $206.5 million in the year 2018 (a 5.9% annual increase).

Lights are a common cause of explosion ignition. All it takes is a single spark to cause an explosion. Explosion proof lights (also known as hazardous location lighting and intrinsically safe lights) are lighting products, which are certified in accordance with and compliant to International regulative bodies and compliant to recognized safety standards.

The ElectroniCast market forecast of the worldwide consumption is presented for four (4) major lamp-type categories, as shown below:

• General-Area;
• Linear: Tube and String/Strip;
• Small portable-type: Flash lights, wearable headlamp;
• Specialty, Panel and Miscellaneous.

Additionally, the market cosultancy segmented the lamp forecast into the following end-user groups:

• Power Plants, Pumping Stations, Substations;
• Military Bases, Airports, Other Transportation Facilities;
• Gas Stations, Paint-Spray Booths, Other Commercial/Industrial, Other/Non-Specific;
• Oil Fields, Oil Refineries, Offshore Oil Platforms, Oil Tanks, Tunnels, Wharf, Mining and Other Similar.

The global consumption value of LED-based lamps in explosion-proof lighting was $137.8 million in 2011. During the 2011-2018 timeline, ElectroniCast forecast that the consumption (use) value is set to increase at an average annual rate of 5.9 percent to $206.5 million in the year 2018. The Europe, Middle East and African (EMEA) region, driven by its use of explosion-proof lighting in the oil-related industry, is forecast for slightly faster growth than the American region.

In terms of value, the APAC region is forecast to grow at a slightly faster pace versus other regions during the forecast period. The APAC region consumption is driven by use of the LED lamps in the commercial/ industrial (factory) application. The American region (South, Central and North America) region, led initially by the mining and oil-relation sub-applications and is forecast later-on to hold strong market positions in commercial/industrial, mining/oil-related, as well as the military and transportation-oriented sectors.

Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.

 
 
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Agency / Source: ElectroniCast Consultants

 
 

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LED Lamps Used in Explosion Proof Lighting Global Market Forecast Finds ElectroniCast Consultants

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Contact: Theresa Hosking - ElectroniCastConsultants.com 
707-275-9397 thosking[.]electronicastconsultants.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ElectroniCast Consultants securities in any jurisdiction including any other companies listed or named in this release.

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