LED Explosion-Proof Lamp Market Research Report, Market Demand, Applications, UpPosted by Deeksha on September 24th, 2019 This research report titled Global LED Explosion-Proof Lamp Market Research Report 2019-2025has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the LED Explosion-Proof Lamp Market during the period between 2019 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in order to enlighten the readers about the actual scenario prevailing in the LED Explosion-Proof Lamp Market. Get Sample Copy of This Report @ https://www.marketresearchhub.com/enquiry.php?type=S&repid=2497080 LED Explosion-Proof lamp (also known as hazardous area lighting, hazardous location lighting and safe lights) have a hazardous area certification to provide efficient lighting for areas exposed to hazardous vapors, gases or dust. Especially in China, many small companies blindly imitate the products of large enterprises. In the competition, these companies often occupy the market by low prices. LED explosion-proof lamp industry concentration is too low, which can only rely on increasing the supervision of product quality and relying on the continuous purification of the market to gradually solve. With the continuous development of key enterprises in the industry, some small enterprises will gradually withdraw from the LED explosion-proof lamp market. Of the major players of LED-Based Lamps Used in Explosion-Proof Lighting, Ocean'S King Lighting maintained its first place in the ranking in 2017, followed by Eaton and Emerson Electric. In this study, the market for LED Explosion-Proof lamp consumption divided into five geographic regions including North America, Europe,Asia-Pacific,Latin America and Middle East and Africa. Among all regions, Asia-Pacific is estimated to represent the highest share. In terms of value, the Asia Pacific (APAC) region is forecast to grow at a faster pace versus other regions during the forecast period, driven by use of the LED lamps in the commercial/ industrial (factory) application. The American region (South, Central and North America) region, pushed 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. 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 2019, the market size of LED Explosion-Proof Lamp is 540 million US$ and it will reach 990 million US$ in 2025, growing at a CAGR of 7.9% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. Like it? Share it! More by this author |