At 7.7% CAGR, Asia Pacific Explosion Proof Lighting Market is Projected to be Worth US$ 171.11 Million by 2031, says Business Market Insights

According to Business Market Insights' research, 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, registering a CAGR of 7.7% from 2023 to 2031. Development of high-power explosion proof lighting and Increasing preference for handheld LED lights are among the critical factors attributed to drive the Asia Pacific explosion proof lighting market growth.

Explosion-proof lighting is mostly employed in hazardous and demanding conditions containing combustible gases and dust. These lights have a good explosion-proof function, making them suitable for IIA, IIB, and IIC explosive gas environments. In addition to their primary application in oil & gas, chemicals, pharmaceuticals, energy, and mining industries, they find potential applications in the railway, electric power, metallurgy, petroleum and petrochemicals, chemicals, steel, aviation, and shipbuilding industries, among others. These industries generate a significant demand for high-power explosion-proof lighting to prevent explosions caused by equipment or other accidents at the working sites. High-power explosion-proof lighting products are designed to withstand harsh operating conditions, including high temperatures and extreme heat, making them ideal for use in hazardous locations. Dongguan Ming Yang Lighting Limited provides well-designed, high-power, explosion-proof lighting systems that operate with stability and endurance in high-temperature conditions. These systems feature high-strength aluminum radiators with an air convection structure, which helps withstand heat. A constant current drive, protection against short circuit and overvoltage protection, and high electromagnetic compatibility are among other noteworthy features of this system, which render them suitable for application in hazardous industries such as metallurgy, petroleum, petrochemical, chemicals, steel, oil & gas, marine, and mining. Thus, the development of high-power explosion-proof lighting systems is expected to create lucrative opportunities for the explosion-proof lighting market growth during the forecast period.

On the contrary, the high costs associated with development, installation, upgrades, and maintenance hamper the growth of Asia Pacific explosion proof lighting market.

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 66.6% market share in 2023, amassing US$ 62.89 million. It is projected to garner US$ 116.89 million by 2031 to register 8.1% CAGR during 2023-2031. 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 65.9% market share in 2023, amassing US$ 62.18 million. It is projected to garner US$ 114.63 million by 2031 to register 7.9% CAGR during 2023-2031.

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 16.5% market share in 2023, amassing US$ 15.58 million. It is projected to garner US$ 31.01 million by 2031 to register 9.0% CAGR during 2023-2031.

By country, the Asia Pacific explosion proof lighting market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 29.4% share of Asia Pacific explosion proof lighting market in 2023. It was assessed at US$ 27.73 million in 2023 and is likely to hit US$ 54.18 million by 2031, registering a CAGR of 8.7% during 2023-2031.

Key players operating in the Asia Pacific explosion proof lighting market 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, among others.

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