Market forecast for LED lamps used in explosion-proof lighting

Feb. 28, 2012
Date Announced: 28 Feb 2012 -- LED lamps used in explosion-proof lighting fixtures to reach $206.5 million in 2018Upper Lake, CA (USA) -- ElectroniCast Consultants, a leading market/technology consultancy, today announced the release of a new market forecast study of the global consumption of light emitting diode-lighting lamps used in Explosion-Proof Lighting. According to the ElectroniCast report, the global consumption value of LED-based lamps, which are used in explosions-proof light fixtures, is forecast to increase from $137.8 million in 2011 to $206.5 million in the year 2018 (a 5.9% annual increase). Lights are a common cause of explosion ignition. All it takes is a single spark to cause an explosion. Explosion proof lights (also known as hazardous location lighting and intrinsically safe lights) are lighting products, which are certified in accordance with and compliant to International regulative bodies and compliant to recognized safety standards.The ElectroniCast market forecast of the worldwide consumption is presented for four (4) major lamp-type categories, as shown below:• General-Area• Linear: Tube and String/Strip• Small portable-type: Flash lights, wearable headlamp • Specialty, Panel and MiscellaneousAdditionally, the market cosultancy segmented the lamp forecast into the following end-user groups:• Power Plants, Pumping Stations, Substations• Military Bases, Airports, Other Transportation Facilities• Gas Stations, Paint-Spray Booths, Other Commercial/Industrial, Other/Non-Specific• Oil Fields, Oil Refineries, Offshore Oil Platforms, Oil Tanks, Tunnels, Wharf, Mining and Other SimilarThe global consumption value of LED-based lamps in explosion-proof lighting was $137.8 million in 2011. During the 2011-2018 timeline, ElectroniCast forecast that the consumption (use) value is set to increase at an average annual rate of 5.9 percent to $206.5 million in the year 2018. The Europe, Middle East and African (EMEA) region, driven by its use of explosion-proof lighting in the oil-related industry, is forecast for slightly faster growth than the American region.In terms of value, the APAC region is forecast to grow at a slightly faster pace versus other regions during the forecast period. The APAC region consumption is driven by use of the LED lamps in the commercial/ industrial (factory) application. The American region (South, Central and North America) region, led initially by the mining and oil-relation sub-applications and is forecast later-on to hold strong market positions in commercial/industrial, mining/oil-related, as well as the military and transportation-oriented sectors.NOTE: Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data. # # #This 356-page market forecast report is available immediately from ElectroniCast Consultants for the fee of $4,200. For detailed information on this or other services provided by ElectroniCast, please contact Theresa Hosking, Marketing/Sales; [email protected] (Telephone/USA: 707/275-9397)ElectroniCast Consultants – specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communications and manufacturing companies, as well as the investment/financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.

Theresa Hosking Vice President, Sales and Marketing ElectroniCast Consultants 9959 Old Orchard Lane Upper Lake, CA 95485 USA 707-275-9397

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