Market Trends of United States Hazardous Location LED Lightning Industry
This section covers the major market trends shaping the US Hazardous Location LED Lightning Market according to our research experts:
Increasing Demand for Low-Cost, Low-Energy LED Lighting Solutions
- The market studied is driven by many factors, such as improved manufacturing efficiency, lower prices, improved LED efficacy in recent years, and suitable LED lamps and retrofit kits, which can directly replace the existing halogen incandescent and fluorescent lamps.
- LED is a highly energy-efficient technology for lighting. According to the US Department of Energy, residential LEDs in the United States, especially ENERGY STAR-rated products, use at least 75% less energy and have a life span that is 25 times longer than incandescent lighting. Also, LEDs are small and directional, suitable for various uses in residential settings. Owing to these benefits, indoor application and residential uses are the largest revenue-generating segments in the studied market.
- The increasing demand for energy-efficient lighting systems, stringent government regulations, and declining prices of LED products are some of the major factors driving the adoption of LED lighting in the United States. LEDs have been undergoing rapid technological and economic development as a new source of lighting, which has been motivating investment in the sector in the country.
- According to the US Department of Energy, most of the projected energy savings in 2035 may be driven by the increased use of LED lighting in commercial and industrial buildings and outdoor lighting applications—applications characterized by high light output and long operating hours.
- The integration of intelligent features for connected lighting has also been emerging as one of the significant drivers in the market studied, as LED is one of the major components. Government initiatives for smart cities have been majorly contributing to the increasing demand for smart lighting solutions. Connected lighting systems are anticipated to emerge as one of the most critical components of the smart city infrastructure. According to the Consumer Technology Association, smart city spending will reach USD 26 billion by 2020.
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Industrial Application is Going to Observe a Significant Growth
- The US industrial sector fosters the growth of the market studied, with increasing investments in industry-grade LED technologies. Within an industrial facility, there are multiple locations where high vibration, chemicals, debris, and potential explosives are present. These factors primarily impact the lifetime and performance of light fixtures installed within these locations.
- For example, operations, such as aggregate processing and storage, can have significant dust accumulation, while other chemical processing operations are highly caustic environments. As lighting technologies are evolving, there have been improvements in a lifetime, energy efficiency, color, and safety. Furthermore, to ensure reliable, safe, and effective performance over the LED luminaire's life, several market players are designing LED light fixtures for specific uses in hazardous and heavy industrial applications.
- Industrial-grade LED lighting solutions usually come with high resistance to corrosion, abrasion, and peeling and maintain color stability over time, even in the event of high exposure to sunlight. Moreover, many conventional industrial lighting solutions, especially HID systems, are not compatible with advanced sensors and wireless controls. Moreover, long strike-up times often force facilities to leave these lights on for longer periods.
- Major US lighting companies are primarily engaged in an aggressive expansion of the LED lighting market. They are continuously increasing the penetration rate of LED lighting by launching many new industry-grade products. The application development direction is moving toward smart lighting, light communication, and other emerging fields.
- Furthermore, long-life LEDs and new installation technologies reduce maintenance costs over time and enhance safety by minimizing the need for scaffolding and other apparatus for frequent lamp or ballast changes. The lower maintenance requirement improves safety and lessens accident probability by eliminating the risk of working at heights.
