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Asia-Pacific Hazardous Lighting Market Size (2024 - 2029)

The Asia-Pacific hazardous lighting market is experiencing growth driven by industrial and infrastructure development, which has increased the demand for energy-efficient lighting technologies in hazardous areas. The region's rapid development, supported by global investments and technological advancements, has led to a heightened need for hazardous lighting solutions, particularly in industries such as petroleum and pharmaceuticals. The penetration of LED technology is significant in countries like China, India, Japan, and South Korea, with initiatives promoting smart lighting solutions. However, supply chain disruptions due to Covid-19 are expected to impact LED prices and, consequently, the demand for hazardous lighting.

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Market Size of Asia-Pacific Hazardous Lighting Industry

asia pacific hazardous lighting market size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.14 %
Market Concentration Low

Major Players

asia pacific hazardous lighting market major players

*Disclaimer: Major Players sorted in no particular order

APAC Hazardous Lighting Market Analysis

  • Asia-Pacific Hazardous Lighting Market was valued at USD 703.76 million in 2020 and is expected to reach USD 950.64 million by 2026 at a CAGR of 5.14% during the forecast period 2021 - 2026. Asia-Pacific region has seen significant growth in industrial and infrastructure development supported by an increase in demand for industrial products, global investments, and technological advancements. This growth has triggered the need for energy-efficient lighting technologies across hazardous areas.
  • According to the National Beareau of Statistics, the total amount of oil processed for 2019 reached 651.98 Million Tonnes, or about 13.04 million barrels per day (bpd). The growth in the petroleum industry is mainly due to the start-up of two new refineries by China National Petroleum Corporation (CNPC), which has also planned to open six new refineries in the year 2020. Thus, there is a high demand for hazardous lighting in the country, especially for LED lighting, as China has a growing need in the LED market.
  • According to a report by CPhI, Japan is the second fastest-growing mature pharmaceutical market. The growth in the market is due to favorable government actions and a rise in dose formulations and generics market. This may in turn, increase the demand for lighting in hazardous locations in Japan's pharmaceutical industry.
  • Asia-Pacific region is among the fastest developing region with technical developments, economic growth and innovations. With an intense penetration of LEDs in countries like China, India, Japan and, South Korea, progressive initiatives have been taken in the adoption of Smart lighting solutions for hazardous areas.
  • As Covid-19 has affected the supply chain of LED manufacturers in the region, the prices of LEDs can be expected to rise in the near future. With almost all the industries shut down, the coupled effect with increased prices will affect the demand of Hazardous Lighting.

APAC Hazardous Lighting Industry Segmentation

The Hazardous Lighting provides safety benefits, long-term operational cost savings, long life, reduced energy consumption, lower operating temperatures, and better resistance against corrosion, humidity, vibration, and dust. Increasing the adoption of hazardous lighting in industries like Oil & Gas, Power Generation, Industrial, Petrochemical, Pharmaceutical, and Industrial, boosts the growth of the market in countries like China, Japan, South Korea, Singapore and the rest of Asia-Pacific.

By Type
LED Lighting
Incandescent Lighting
HID Lighting
Fluorescent Lighting
Other Types
By Class
Class I
Class II
Class III
By End-user Vertical
Oil & Gas
Power Generation
Industrial
Petrochemical
Pharmaceutical
Other End-User Verticals
By Country
China
Japan
Singapore
South Korea
Rest of Asia Pacific
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Asia-Pacific Hazardous Lighting Market Size Summary

The Asia-Pacific hazardous lighting market is experiencing robust growth, driven by rapid industrial and infrastructure development across the region. This expansion is fueled by increased demand for industrial products, global investments, and technological advancements, which have heightened the need for energy-efficient lighting solutions in hazardous areas. The region's focus on adopting LED technology is particularly notable, as LEDs offer significant advantages such as lower energy consumption, reduced utility costs, and enhanced safety features. Countries like China, India, Japan, and South Korea are leading the charge in integrating smart lighting solutions, further propelling market growth. However, the COVID-19 pandemic has disrupted supply chains, potentially leading to increased LED prices, which could impact demand.

The market landscape is highly competitive and fragmented, with numerous players such as R. Stahl Pte Ltd., ABB Asia Pte Ltd., and Dialight Asia Pte Ltd. actively participating. These companies are innovating and expanding their product offerings to cater to various industries, including oil and gas, petrochemicals, and manufacturing. The Asia-Pacific region's commitment to reducing electricity consumption and CO2 emissions aligns with global sustainability goals, making it a critical area for LED market expansion. The operational cost savings associated with LED technology, coupled with its durability and versatility, position it as a preferred choice for hazardous lighting applications, supporting the region's economic growth and industrial efficiency.

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Asia-Pacific Hazardous Lighting Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Introduction to Market Dynamics

    2. 1.2 Market Drivers

      1. 1.2.1 Regulations Promoting LED Lighting for Worker Safety in Hazardous Locations

      2. 1.2.2 Rising Demand for Cost-effective LED Lighting Solutions

    3. 1.3 Market Challenges

      1. 1.3.1 High Cost of Replacement of Conventional Lamp to LED Lighting Solutions

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 LED Lighting

      2. 2.1.2 Incandescent Lighting

      3. 2.1.3 HID Lighting

      4. 2.1.4 Fluorescent Lighting

      5. 2.1.5 Other Types

    2. 2.2 By Class

      1. 2.2.1 Class I

      2. 2.2.2 Class II

      3. 2.2.3 Class III

    3. 2.3 By End-user Vertical

      1. 2.3.1 Oil & Gas

      2. 2.3.2 Power Generation

      3. 2.3.3 Industrial

      4. 2.3.4 Petrochemical

      5. 2.3.5 Pharmaceutical

      6. 2.3.6 Other End-User Verticals

    4. 2.4 By Country

      1. 2.4.1 China

      2. 2.4.2 Japan

      3. 2.4.3 Singapore

      4. 2.4.4 South Korea

      5. 2.4.5 Rest of Asia Pacific

Asia-Pacific Hazardous Lighting Market Size FAQs

The Asia-Pacific Hazardous Lighting Market is projected to register a CAGR of 5.14% during the forecast period (2024-2029)

R.STAHLPTE LTD, ABB Asia Pte. Ltd., Supermec Pte Ltd., Dialight Asia Pte. Ltd. and Glamox Pte. Ltd. are the major companies operating in the Asia-Pacific Hazardous Lighting Market.

Asia-Pacific Hazardous Lighting Report Snapshots

Asia-Pacific Hazardous Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)