North America Explosion Proof Lighting Market
The North America explosion proof lighting market was valued at US$ 108.17 million in 2023 and is expected to reach US$ 201.71 million by 2031; it is estimated to register a CAGR of 8.1% from 2023 to 2031. Expansion of Oil & gas Industry Fuels North America Explosion Proof Lighting Market
The oil & gas industry plays an important role in the economic transformation of various countries. Industry accounts for the largest share of global consumption of energy resources. Natural gas is likely to be one of the fastest-growing fossil fuels in the coming years. Many countries are scaling up their oil production capacities to fulfill their domestic energy demands. According to the International Energy Agency (IEA), global oil demand is expected to rise by 6% during 2022-2028, with significant requirements from the chemicals, energy, power, aviation, and petrochemical industries. The global demand is ultimately expected to reach 105.7 million barrels per day by 2028. A rapidly increasing need for oil among various industries encourages oil & gas industry players to scale up their capacities through plant expansion strategies, which creates the need for explosion-proof equipment, such as lighting, for efficiently monitoring and controlling plant operations by enhancing workers' safety. According to the Urwald eV report published in November 2023, 384 businesses across the world reported an average capital expenditure of more than US$ 10 million in oil & gas exploration activities during 2021-2023. Thus, the expanding oil & gas industries worldwide fuel the explosion-proof lighting market growth.North America Explosion Proof Lighting Market Overview
The explosion-proof lighting market growth in North America is driven by the growing use of explosion-proof lights across oil & gas, chemical, petrochemical, public sector, power, energy, and mining, among others. According to data published by the US Energy Information Administration in April 2024, the US ranked 1st in top oil producers in the world, whereas Canada ranked 4th. The US and Canada produced 21.91 and 5.76 million barrels per day in 2023, respectively, accounting for 22% and 6% shares of global oil production. As explosion-proof lights can withstand harsh environments, their adoption in oil & gas production plants is significantly higher than standard lights. These lights do not contain combustible materials owing to which these are usually preferred to provide reliable illumination without posing a risk of causing explosions.
North America Explosion Proof Lighting Market Revenue and Forecast to 2031 (US$ Million)
Strategic insights for the North America Explosion Proof Lighting provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Explosion Proof Lighting refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Get more information on this report North America Explosion Proof Lighting Report Scope
Report Attribute
Details
Market size in 2023
US$ 108.17 Million
Market Size by 2031
US$ 201.71 Million
Global CAGR (2023 - 2031)
8.1%
Historical Data
2025-2031
Forecast period
2021-2023
Segments Covered
By Type
By Light Type
By End User
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Explosion Proof Lighting Regional Insights
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North America Explosion Proof Lighting Market Segmentation
The North America explosion proof lighting market is categorized into type, light type, end user, and country.
Based on type, the North America 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 North America 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 North America 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 North America explosion proof lighting market is segmented into the US, Canada, and Mexico. The US dominated the North America 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; LDPI, Inc; and R. STAHL AG are some of the leading companies operating in the North America explosion proof lighting market.
The North America Explosion Proof Lighting Market is valued at US$ 108.17 Million in 2023, it is projected to reach US$ 201.71 Million by 2031.
As per our report North America Explosion Proof Lighting Market, the market size is valued at US$ 108.17 Million in 2023, projecting it to reach US$ 201.71 Million by 2031. This translates to a CAGR of approximately 8.1% during the forecast period.
The North America Explosion Proof Lighting Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Explosion Proof Lighting Market report:
The North America Explosion Proof Lighting Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Explosion Proof Lighting Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Explosion Proof Lighting Market value chain can benefit from the information contained in a comprehensive market report.
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