By BizLED Bureau
Mar 5, 2016: The current trend in the LED industrial lighting market is witnessing a robust demand in explosion-proof LED lamps. With demand in place, the market for the product is estimated to reach US $2.9 billion this year.
A leading website reported that recent years have seen a tremendous growth in LED industrial lighting market. Prominent factors for the surge include rising demand worldwide and government subsidies. The published report analysed the market of LED industrial lighting to grow from US$ 2.93 billion in 2016 to US$ 5.20 billion in 2020. It represents a CAGR of over 15 percent during the five-year period. Manufacturers across the world are optimistic with the growth and look forward to generate greater revenues during this period.
Petroleum industry, mining, transport and military applications are some of the common used applications and have high likability for explosion-proof lighting. Use of industrial LED lighting has exponential application in hazardous environments where petrochemical vapors, explosive gases and combustible dusts exist. This makes the use of explosion-proof LED lighting, all more important where explosion possibilities exist.
As technology is getting advanced, operators are looking to replace older generations of explosion-proof lighting with the latest one and this makes the market for LED-based explosion-proof lights competitive and healthy.
A long haul of experience is already under the belt of LED explosion-proof lamp manufacturers due to extensive R&D experience as these products have been in the market for many years. With many advantages over conventional lighting, these LEDs have the distinct feature of explosion-proof lamp design, such as lighter weight, longer lifespan, smaller form factor, and lower costs.
Oil and gas industry, petrochemical industry companies are most likely to choose LED-based solutions not only because these products offer highest quality and greater safety, but they are also very cost-effective.
Mercury vapour lighting is not getting support from government bodies around the world and this makes explosion-proof LED lighting as the most favourable and only option for its applications.