The global explosion proof lighting market valued US$ 250.1 Mn in 2018 and is expected to reach US$ 606.1 Mn by 2027, growing at a CAGR of 10.7% in the forecast period.
The equipment approved for use in a hazardous area is regulated by several certifying agencies. For instance, in North America, usually, UL (Underwriters Laboratories) and FM (Factory Mutual) provide standards, testing and certification in the country although CSA (the Canadian Standard Association) provides the same in Canada. Recently, FM, UL, and CSA have all implemented programs enabling certifications to be valid in both countries. The increasing government regulations for worker safety is the key factor propelling the explosion proof lighting market growth.
The report also includes all the critical and decisive details on the development of the market and the restraining factors that may obstruct the market growth in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.
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- ABB Ltd.
- Abtech Ltd.
- Adolf Schuch GmbH
- Airfal International
- Alfred Pracht Lichttechnik GmbH
- AtomSvet LLC
- Cortem S.p.A.
- Eaton Corporation Plc.
- Emerson Electric Co.
- General Electric
Detailed segmentation of the market, on the basis of Type and Application and a descriptive structure of trends of the segments and sub-segments are elaborated in the report. It also provides the market size and estimates a forecast from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Explosion Proof Lighting market.
The report assists in determining and analyzing the key market players’ portfolios with information such as company profiles, components and services offered, financial information for last three years, key developments in past five years, and helps in constructing strategies to gain competitive advantage. The market payers from Explosion Proof Lighting Market are anticipated to gain lucrative growth opportunities in the future with the rising demand for Explosion Proof Lighting at the global level. Below mentioned is the list of few companies engaged in the Explosion Proof Lighting market.
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Answers that the report acknowledges:
- Market size and growth rate during forecast period
- Key factors driving the Explosion Proof Lighting market
- Key market trends cracking up the growth of the Explosion Proof Lighting market
- Challenges to market growth
- Detailed company profiles of key vendor of Explosion Proof Lighting market
- Detailed SWOT analysis of ten profiled companies
- Opportunities and threats faces by the existing vendors in Global Explosion Proof Lighting market
- Trending factors influencing the market in different geographical regions
- Strategic initiatives focusing the leading vendors
- PEST analysis of the market for the five major regions
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