Global Information Inc. would like to present a new market research report, "LED-Based Lamps Used in Explosion-Proof Lighting Global Market Forecast 2015-2022" by ElectroniCast.
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 $143.5million in 2012 to $226.8 million in the year 2019 (a 6.8% 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:
Additionally, the market cosultancy segmented the lamp forecast into the following end-user groups:
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.
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.
According to ElectroniCast, LED-based lamps, which are used in explosions-proof light fixtures, is forecast to increase from $143.5 million in 2012 to $226.8 million in the year 2018...
*All values and prices in this report are at factory as-shipped levels, and are in current dollars, which include the effect of a forecasted 5 percent annual inflation rate over the forecast period.
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