Market Challenges And Opportunities

Global Hazardous Location LED Lighting Market Drivers:

Implementation of regulations regarding use of proper lighting for safety of workers in hazardous locations to boost the market pace

The need for illuminance in a hazardous locations depends on the requirement for detail visibility and the intensity of the environment. In such conditions regulations for ensuring proper lighting for safety of the workers act as an important factor. For instance, as per the Management of Health and Safety at Work Regulations 1999 (MHSW), companies are needed to decide in the workplace for covering health and safety, including lighting adhering to the suitability and adequacy to meet the need of the workplace. Thus, implementation of such regulations is expected to drive the demand for hazardous location LED lighting, which in turn will boost growth of the market.

Growing demand for energy-efficient and cost-effective lighting solutions to propel the market growth

Enterprises and governments around the world are focusing on finding solutions to reduce consumption of energy and cost of lighting solutions. LED solutions, in terms of luminous intensity and energy consumption are technically advanced and efficient as compared to their other counterparts such as incandescent lamps. Due to the potential of LED lighting solutions to save maintenance and operating costs for operators of the facilities, the demand for hazardous location LED lighting is expected to grow in the near future, and this is expected to propel growth of the market over the forecast period.

Global Hazardous Location LED Lighting Market Opportunities:

Growing demand for wireless LED lighting is also creating several growth opportunities in the global hazardous location LED lighting market. The lighting industry is involved in experimenting with wireless lighting, specifically in retrofit projects. Moreover, the radio-frequency-based systems make use of main power lines for carrying data to and from the light fitting. As the wireless lighting technology is replacing the traditional wired lighting systems, the market is expected to witness several growth opportunities.

Furthermore, increasing technological developments in the form of IoT enabled lightings is expected to create growth opportunities in the global hazardous location LED lighting market over the forecast period. With the adoption of IoT and 5G connectivity, the transition of data is likely to become a speedy process in lighting industry. Moreover, growing efforts for reduction of environmental impact in several countries around the globe, is also expected to create several growth opportunities in the global hazardous location LED lighting market over the forecast period.