2016 led lighting market outlook
Scale of LED Industrial Lighting to Reach US$2.9 Billion in 2016,
as Explosion-Proof Lamps Become the Focus of Demand
The LED industrial lighting market has enjoyed accelerated growth in recent years owing to the rising demand worldwide and government subsidies.According to LEDinside’s latest report, 2016 Industrial Lighting: Explosion-Proof Lamps, the market of LED industrial lighting is forecast to grow from US$2.93 billion in 2016 to US$5.20 billion in 2020, representing a CAGR of over 15% during the five-year period.
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Explosion-proof LED lighting is used in hazardous environments where petrochemical vapors, explosive gases and/or combustible dusts exist. “In addition to having a critical role in the operation of the petroleum industry, explosion-proof lighting also has sizable market shares in other lighting applications including mining, transportation and military,” said Joanne Wu, assistant research manager for LEDinside. “The outlook for LED explosion-proof lighting is especially favorable this year on account of the strong replacement demand.”
The manufacturers of LED explosion-proof lamps already have extensive R&D experience since these products have been on the market for many years. Wu added that LED has many advantages over conventional light sources when it comes to explosion-proof lamp design, such as smaller form factor, lighter weight, longer lifespan and lower costs. Companies in the oil and gas industry and the petrochemical industry are most likely to choose LED-based solutions not only because these products offer higher quality and greater safety, but they are also very cost-effective. Indeed, the technologically mature explosion-proof LED lighting may be the only choice in the future as mercury-vapor lighting is being banned by governments worldwide.
The safety standards of explosion-proof lighting equipment vary according to regions. Products based on International Electrotechnical Commission (IEC), for instance, are seeing widespread adoption around the world. In the U.S., the National Electrical Code (NEC) is the standard, and the usage of electrical equipment must adhere to NEC Articles 500 or 505. The agency that enforces the NEC, broadly defined as Authority Having Jurisdiction (AHJ), can also differ depending on the circumstances. The national standards of other countries are more or less based on IEC or NEC 500/505, such as China’s GB3836. Wu noted that the diverse standards along with the high cost of product certification force manufacturers of explosion-proof LED lighting products to set up factories in regions where they operate. Localization of production ensures that installation, maintenance and after-sale services would meet all safety and regulatory requirements.
Market Scale
LED Industrial Lighting- Explosion Proof Lighting Summaries- LED Explosion Proof Lighting Market with Potential
2016-2020 Global LED Industrial Lighting Market
LED Explosion Proof Light Market Share in Industrial Lighting
Opportunities and Challenges in LED Explosion Proof Light Market
Explosion proof Lighting Requirements and Standards
The Basics of Explosion proof Lighting
Explosion proof LED Lights Advantages and Scope of Applications
Introduction to Different Countries Explosion proof Lighting Regulations and Certification
Comparison Between Different Countries Safety Standards
Hazardous Locations Classification
NEC and IEC
Hazardous Locations Classification- IEC
NEC 500
IEC
Comparative Analysis between NEC and IEC Certification for Combustible Gas, Vapor, and Liquid
Comparative Analysis between NEC and IEC Explosion proof Certification Standards - Combustible Dust
Examples of IEC Explosion Proof Standard Recognition-Explosion Proof Gas Classification, Division and Groups
International Electrotechnical Commission (IEC)
International Protection Equipment Standards
Case Study For Choosing LED Explosion Proof Lights
Appendix
Maintenance and Repair Caution of LED Explosion Proof Lamps
Luminaire Test - DLC V3.1 for Outdoor Architectural Lighting
US Rebate for DLC Certified Outdoor Luminaires
Lighting Market Trend of North America
High Efficacy Products Rebate, Increases Differentiation of Luminaire Capacity
Explosion proof Lighting Product Specs and Prices
Europe Explosion proof Lights Specs and Prices
Europe Case Study for Choosing LED Explosion proof Lights
USA Explosion proof Lights Specs and Prices
Japan Explosion proof Lights Specs and Prices
Japan Case Study For Choosing LED Explosion Proof Lights
China Explosion proof Lights Specs and Prices
Major Player Strategies
Major 12 Industrial Lighting Explosion Proof Lighting Players
LED Lighting Market to Reach US$30.5 Billion in 2016 and Professional Lighting Markets to See Explosive Growth
Prospects are bright for the U.S. and Indian lighting markets as applications diversify
Lighting companies have focused on professional lighting solutions in developed markets such as the U.S., Europe and Japan. They seek to capture certain market segments via product diversification and differentiation. In the emerging markets, rapid economic growth, favorable government policies, and mega urban projects are constantly generating new opportunities. Wu noted that the main growth centers in the global lighting market next year will be the U.S. and India.
Demand has been relatively strong in the U.S. lighting market this year, with growth residing in applications such as commercial/industrial lighting, horticultural lighting and marine lighting. Major U.S. lighting companies are proactively developing various LED lighting businesses and giving a greater share of their portfolios to LED lighting products. Demand growth for LED lighting products has been strong in the commercial/industrial applications, with the fastest growth found in troffers, panel lights, tunnel lights and high/low bay lights. New applications are also emerging, including smart lighting and light communication.… More
LEDinside Estimates 2015 LED Industrial Lighting Market to Reach US$2.37 B
LEDinside, a division of TrendForce, reports that industrial lighting has a decisive weight in the entire lighting market. LEDinside has released its latest “1Q15 Silver Member Market Report - Industrial Lighting and High Bay Markets”, which shows an intense level of price competition in the market for LED replacement lighting products, including LED light bulbs and light tubes sold in retail stores. More and more LED lighting vendors hope to capitalize on the situation by entering the industrial lighting sector. Based on LEDinside’s forecast, LED industrial lighting market scale will be worth US$2.366 billion in 2015 and by 2018 the scale will reach US$3.935 billion. … More
LEDinside: Global LED lighting market to reach US $25.7 billion in 2015
The global LED lighting market will reach $25.7 billion dollars and its market penetration will increase to 31% in 2015 as the overall lighting market grows to $82.1 billion, according to a new report by LEDinside, a division of the Taiwan-based market intelligence firm TrendForce.…More
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