1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 29
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS 29
1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL 30
1.2.3 INCLUSIONS AND EXCLUSIONS AT TYPE LEVEL 30
1.2.4 INCLUSIONS AND EXCLUSIONS AT LIGHT SOURCE LEVEL 30
1.2.5 INCLUSIONS AND EXCLUSIONS AT HAZARDOUS LOCATION LEVEL 30
1.2.6 INCLUSIONS AND EXCLUSIONS AT SAFETY RATING LEVEL 31
1.2.7 INCLUSIONS AND EXCLUSIONS AT END-USER INDUSTRY LEVEL 31
1.2.8 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL 32
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 EXPLOSION-PROOF LIGHTING MARKET SEGMENTATION 32
1.3.2 GEOGRAPHIC SCOPE 33
1.3.3 YEARS CONSIDERED 33
1.4 CURRENCY 34
1.5 STAKEHOLDERS 34

2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 EXPLOSION-PROOF LIGHTING MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 36
2.1.2 PRIMARY DATA 37
2.1.2.1 Key data from primary sources 37
2.1.2.2 Key participants in primary processes across value chain of explosion-proof lighting market 38
2.1.2.3 Key industry insights 38
2.1.2.4 Breakdown of primary interviews 39
2.1.3 SECONDARY AND PRIMARY RESEARCH 39
2.2 MARKET SIZE ESTIMATION 40
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM KEY MARKET PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET 40
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE 42
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach for capturing market size by bottom-up analysis 42
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Approach for capturing market size by top-down analysis 44
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44
2.3 MARKET SHARE ESTIMATION 44
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 45
FIGURE 8 DATA TRIANGULATION 45
2.5 RISK ASSESSMENT 46
TABLE 1 RISK FACTOR ANALYSIS 46
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS 47
2.6.1 ASSUMPTIONS 47
2.6.2 LIMITATIONS 48

3 EXECUTIVE SUMMARY 49
3.1 SCENARIO ANALYSIS 50
FIGURE 9 COMPARISON OF PRE- AND POST-COVID-19 SIZE OF EXPLOSION-PROOF LIGHTING MARKET, BY SCENARIO, 2017-2026 50
3.1.1 PRE-COVID-19 SCENARIO 50
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19) 50
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19) 51
3.1.4 REALISTIC SCENARIO (POST-COVID-19) 51
FIGURE 10 HIGH BAY & LOW BAY LIGHTS TO ACCOUNT FOR LARGEST SIZE OF EXPLOSION-PROOF LIGHTING MARKET IN 2021 51
FIGURE 11 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 52
FIGURE 12 EXPLOSION-PROOF LIGHTING MARKET IN CANADA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 53
FIGURE 13 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD 53
FIGURE 14 APAC TO REGISTER HIGHEST CAGR IN EXPLOSION-PROOF LIGHTING MARKET FROM 2021 TO 2026 54

4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN EXPLOSION-PROOF LIGHTING MARKET 55
FIGURE 15 LED-BASED EXPLOSION-PROOF LIGHTS TO WITNESS HIGH ADOPTION DURING FORECAST PERIOD 55
4.2 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY 56
FIGURE 16 OIL & GAS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SIZE FROM 2021 TO 2026 56
4.3 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE 56
FIGURE 17 LARGEST MARKET SHARE WILL BE CAPTURED BY HIGH BAY & LOW BAY LIGHTS IN 2026 56
4.4 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION 57
FIGURE 18 ZONE 2 SEGMENT TO EXHIBIT HIGHEST CAGR IN EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD 57
4.5 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE AND REGION 57
FIGURE 19 NORTH AMERICA AND LED TO BE MOST FAVORABLE MARKETS IN 2026 57

5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 20 EXPLOSION-PROOF LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Increasing investments in major end-user industries—oil & gas and chemical & pharmaceutical 59
TABLE 2 LIST OF UPCOMING OIL & GAS PROJECTS 59
5.2.1.2 Growing adoption of explosion-proof LED light fixtures owing to several advantages over conventional light sources 60
TABLE 3 FACTORS SUPPORTING ADOPTION OF LED LIGHTING SOLUTION 60
FIGURE 21 TOTAL COST OF OWNERSHIP FOR DIFFERENT LIGHT SOURCES IN 2015 VS. 2020 61
5.2.1.3 Government regulations regarding employee safety in hazardous environments 61
FIGURE 22 EXPLOSION-PROOF LIGHTING MARKET DRIVERS: IMPACT ANALYSIS 62
5.2.2 RESTRAINTS 63
5.2.2.1 High initial cost associated with deployment of explosion-proof LED light fixtures 63
5.2.2.2 Lack of common open standards 63
TABLE 4 NORMS, LABELS, AND STANDARDS FOR LED LIGHTING TO BE FOLLOWED ACROSS INDUSTRIES 63
FIGURE 23 EXPLOSION-PROOF LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Rapid transition from traditional lighting systems to connected lighting solutions 64
5.2.3.2 Growing focus of governments worldwide on energy conservation 65
FIGURE 24 EXPLOSION-PROOF LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS 65
5.2.4 CHALLENGES 66
5.2.4.1 Difficulties in generating high revenue attributed to COVID-19 pandemic 66
5.2.4.2 Supply chain disruptions caused due to outbreak of COVID-19 66
FIGURE 25 EXPLOSION-PROOF LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS 66
5.3 REVENUE SHIFT AND NEW REVENUE POCKETS FOR EXPLOSION-PROOF LIGHTING MARKET PLAYERS 67
FIGURE 26 REVENUE SHIFT IN EXPLOSION-PROOF LIGHTING MARKET 67
5.4 PRICE TREND ANALYSIS 67
FIGURE 27 AVERAGE SELLING PRICES OF EXPLOSION-PROOF LIGHTING FIXTURES USING DIFFERENT LIGHT SOURCES, 2017-2026 67
5.5 REGULATORY LANDSCAPE 68
TABLE 5 RECENT REGULATORY NORMS 68
5.6 VALUE CHAIN ANALYSIS 69
FIGURE 28 VALUE CHAIN ANALYSIS: INPUT SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS ADD MAJOR VALUE TO EXPLOSION-PROOF LIGHTING CHAIN 69
5.7 ECOSYSTEM ANALYSIS 70
FIGURE 29 KEY PLAYERS IN EXPLOSION-PROOF LIGHTING ECOSYSTEM 70
TABLE 6 EXPLOSION-PROOF LIGHTING MARKET: ECOSYSTEM 71
5.8 PORTER'S FIVE FORCES ANALYSIS 72
FIGURE 30 EXPLOSION-PROOF LIGHTING MARKET: PORTER'S FIVE FORCES ANALYSIS 72
TABLE 7 EXPLOSION-PROOF LIGHTING MARKET: PORTER'S FIVE FORCES ANALYSIS 72
5.8.1 INTENSITY OF COMPETITIVE RIVALRY 73
FIGURE 31 INTENSITY OF COMPETITIVE RIVALRY TO BE HIGH DUE TO PRESENCE OF SEVERAL GIANT PLAYERS 73
5.8.2 THREAT OF SUBSTITUTES 74
FIGURE 32 THREAT OF SUBSTITUTES TO HAVE LOW IMPACT DURING FORECAST PERIOD DUE TO LOW QUALITY OF SUBSTITUTE PRODUCTS 74
5.8.3 BARGAINING POWER OF BUYERS 75
FIGURE 33 BARGAINING POWER OF BUYERS TO BE LOW DUE TO LIMITED NUMBER OF SUBSTITUTES 75
5.8.4 BARGAINING POWER OF SUPPLIERS 76
FIGURE 34 BARGAINING POWER OF SUPPLIERS TO BE MODERATE DUE TO LIMITED PRODUCT DIFFERENTIATION 76
5.8.5 THREAT OF NEW ENTRANTS 77
FIGURE 35 THREAT OF NEW ENTRANTS TO HAVE LOW IMPACT ON MARKET DUE TO REQUIREMENT FOR HIGH CAPITAL 77
5.9 TECHNOLOGY ANALYSIS 78
TABLE 8 COMMON PROTOCOLS FOR LIGHTING CONTROL APPLICATIONS 78
5.10 TRADE ANALYSIS 79
TABLE 9 EXPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015-2019 (USD THOUSAND) 79
TABLE 10 IMPORT SCENARIO FOR HS CODE: 940540-BASED PRODUCTS, BY COUNTRY, 2015-2019 (USD THOUSAND) 80
5.11 CASE STUDY ANALYSIS 81
5.11.1 HUBBELL LIGHTS UP A NORTH SEA OPERATOR WITH ITS LATEST PROTECTA X LED 81
5.11.2 PHOENIX SUPPLIES EXPLOSION-PROOF LIGHTS FOR RESEARCH VESSEL RV VIRGINIA 81
5.11.3 DIALIGHT REDUCES PEPSICO'S ENERGY CONSUMPTION AND COSTS 82

6 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE 83
6.1 INTRODUCTION 84
FIGURE 36 LINEAR LIGHT FIXTURES TO EXPERIENCE FASTEST GROWTH BETWEEN 2021 AND 2026 84
TABLE 11 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2017-2020 (USD MILLION) 84
TABLE 12 EXPLOSION-PROOF LIGHTING MARKET, BY TYPE, 2021-2026 (USD MILLION) 85
6.2 HIGH BAY & LOW BAY 85
6.2.1 EXCELLENT LUMEN OUTPUT AND HIGHLY DIRECTIONAL LIGHTING FOR HIGH CEILING APPLICATIONS ARE FACTORS FUELING DEMAND FOR HIGH BAY & LOW BAY LIGHT FIXTURES 85
TABLE 13 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS, BY REGION, 2017-2020 (USD MILLION) 86
TABLE 14 EXPLOSION-PROOF LIGHTING MARKET FOR HIGH BAY & LOW BAY LIGHTS, BY REGION, 2021-2026 (USD MILLION) 86
6.3 LINEAR 87
6.3.1 RECENT DEVELOPMENTS IN EXPLOSION-PROOF LINEAR LIGHTING SPACE TO DRIVE MARKET GROWTH 87
TABLE 15 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2017-2020 (USD MILLION) 87
TABLE 16 EXPLOSION-PROOF LIGHTING MARKET FOR LINEAR LIGHTS, BY REGION, 2021-2026 (USD MILLION) 87
6.4 FLOOD 88
6.4.1 INCREASING FOCUS OF END-USER INDUSTRIES ON ADOPTION OF ENERGY-EFFICIENT AND STURDY LIGHTING SOLUTIONS IN OUTDOOR ENVIRONMENTS TO PROMOTE MARKET GROWTH 88
TABLE 17 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2017-2020 (USD MILLION) 88
TABLE 18 EXPLOSION-PROOF LIGHTING MARKET FOR FLOODLIGHTS, BY REGION, 2021-2026 (USD MILLION) 88

7 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE 89
7.1 INTRODUCTION 90
FIGURE 37 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 90
TABLE 19 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 90
TABLE 20 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 91
TABLE 21 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2017-2020 (THOUSAND UNITS) 91
TABLE 22 EXPLOSION-PROOF LIGHTING MARKET, BY LIGHT SOURCE, 2021-2026 (THOUSAND UNITS) 91
7.2 LED 92
7.2.1 LEDS ARE MOST ENERGY-EFFICIENT LIGHTING OPTIONS AND CAN BE USED TO DRASTICALLY REDUCE OVERALL OPERATING COST IN INDUSTRIAL FACILITIES 92
TABLE 23 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION, 2017-2020 (USD MILLION) 92
TABLE 24 EXPLOSION-PROOF LIGHTING MARKET FOR LED LIGHTS, BY REGION, 2021-2026 (USD MILLION) 92
7.3 FLUORESCENT 93
7.3.1 LOW COST OF FLUORESCENT LIGHT FIXTURES IS MAJOR FACTOR CONTRIBUTING TO ITS DEMAND IN HAZARDOUS LOCATION LIGHTING SOLUTIONS 93
TABLE 25 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS, BY REGION, 2017-2020 (USD MILLION) 93
TABLE 26 EXPLOSION-PROOF LIGHTING MARKET FOR FLUORESCENT LIGHTS, BY REGION, 2021-2026 (USD MILLION) 94
7.4 OTHERS 94
TABLE 27 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY REGION, 2017-2020 (USD MILLION) 94
TABLE 28 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER LIGHT SOURCES, BY REGION, 2021-2026 (USD MILLION) 95

8 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING 96
8.1 INTRODUCTION 96
FIGURE 38 EXPLOSION-PROOF LIGHTING MARKET, BY SAFETY RATING 96
8.2 CLASS 1 96
8.2.1 PRESENCE OF FLAMMABLE GASES OR VAPORS IN AIR ACT AS SOURCE OF IGNITION 96
8.3 CLASS 2 97
8.3.1 PRESENCE OF COMBUSTIBLE DUST IN AIR ACT AS SOURCE OF IGNITION 97
8.4 CLASS 3 97
8.4.1 PRESENCE OF IGNITABLE FIBERS IN AIR ACT AS SOURCE OF IGNITION 97

9 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION 98
9.1 INTRODUCTION 99
FIGURE 39 ZONE 2 HAZARDOUS LOCATION TO ACCOUNT FOR LARGEST MARKET SIZE BETWEEN 2021 AND 2026 99
TABLE 29 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION, 2017-2020 (USD MILLION) 99
TABLE 30 EXPLOSION-PROOF LIGHTING MARKET, BY HAZARDOUS LOCATION, 2021-2026 (USD MILLION) 100
9.2 ZONE 1 100
9.2.1 NOTABLE INDUSTRIAL FACILITIES IN ZONE 1 HAZARDOUS LOCATION INCLUDE PETROLEUM REFINERIES, GASOLINE STORAGE AREAS, PAINT SPRAY BOOTHS, UTILITY GAS PLANTS, AND CHEMICAL PLANTS 100
TABLE 31 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2017-2020 (USD MILLION) 100
TABLE 32 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 1 HAZARDOUS LOCATION, BY REGION, 2021-2026 (USD MILLION) 101
9.3 ZONE 2 101
9.3.1 ZONE 2 DEMANDS EXPLOSION-PROOF LIGHTS BECAUSE OF PRESENCE OF FLAMMABLE SUBSTANCES IN FORM OF GAS, VAPOR, OR MIST WITHIN ATMOSPHERE 101
TABLE 33 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2017-2020 (USD MILLION) 101
TABLE 34 EXPLOSION-PROOF LIGHTING MARKET FOR ZONE 2 HAZARDOUS LOCATION, BY REGION, 2021-2026 (USD MILLION) 102
9.4 OTHERS 102
TABLE 35 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2017-2020 (USD MILLION) 102
TABLE 36 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER HAZARDOUS LOCATIONS, BY REGION, 2021-2026 (USD MILLION) 103

10 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY 104
10.1 INTRODUCTION 105
FIGURE 40 CHEMICAL & PHARMACEUTICAL INDUSTRY TO EXHIBIT FASTEST GROWTH FOR EXPLOSION-PROOF LIGHTING BETWEEN 2021 AND 2026 105
TABLE 37 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY, 2017-2020 (USD MILLION) 105
TABLE 38 EXPLOSION-PROOF LIGHTING MARKET, BY END-USER INDUSTRY, 2021-2026 (USD MILLION) 106
10.2 OIL & GAS 106
10.2.1 INCREASING INVESTMENTS IN OIL & GAS INDUSTRY TO FUEL DEMAND FOR ENERGY-EFFICIENT EXPLOSION-PROOF LIGHTING 106
TABLE 39 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017-2020 (USD MILLION) 107
TABLE 40 EXPLOSION-PROOF LIGHTING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2021-2026 (USD MILLION) 107
10.3 CHEMICAL & PHARMACEUTICAL 107
10.3.1 EXPANDING CHEMICAL & PHARMACEUTICAL MARKET IN EMERGING ECONOMIES TO INCREASE DEMAND FOR EXPLOSION-PROOF LIGHTING 107
TABLE 41 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2017-2020 (USD MILLION) 108
TABLE 42 EXPLOSION-PROOF LIGHTING MARKET FOR CHEMICAL & PHARMACEUTICAL INDUSTRY, BY REGION, 2021-2026 (USD MILLION) 108
10.4 ENERGY & POWER 109
10.4.1 REGULATORY STANDARDS DEFINING MINIMUM BRIGHTNESS LEVELS IN INDUSTRIAL PLANTS TO PROMOTE MARKET GROWTH 109
TABLE 43 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2017-2020 (USD MILLION) 109
TABLE 44 EXPLOSION-PROOF LIGHTING MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2021-2026 (USD MILLION) 109
10.5 MINING 110
10.5.1 INCREASING DEMAND FOR ATEX CERTIFIED EXPLOSION-PROOF LUMINAIRES TO DRIVE MARKET GROWTH 110
TABLE 45 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2017-2020 (USD MILLION) 110
TABLE 46 EXPLOSION-PROOF LIGHTING MARKET FOR MINING INDUSTRY, BY REGION, 2021-2026 (USD MILLION) 110
10.6 FOOD & BEVERAGE 111
10.6.1 INCREASING DEMAND FOR EXPLOSION-PROOF LIGHTING FIXTURES MADE FROM FOOD-GRADE STAINLESS STEEL AND OTHER FOOD-SAFE MATERIALS TO BOOST MARKET GROWTH 111
TABLE 47 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2017-2020 (USD MILLION) 111
TABLE 48 EXPLOSION-PROOF LIGHTING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2021-2026 (USD MILLION) 111
10.7 OTHERS 112
TABLE 49 ILLUMINATION LEVELS THAT SHOULD BE MAINTAINED WITHIN MARINE & SHIPBUILDING INDUSTRY AT DIFFERENT INSTANCES 112
TABLE 50 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2017-2020 (USD MILLION) 112
TABLE 51 EXPLOSION-PROOF LIGHTING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021-2026 (USD MILLION) 113

11 EXPLOSION-PROOF LIGHTING MARKET, BY REGION 114
11.1 INTRODUCTION 115
FIGURE 41 GEOGRAPHIC SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET, 2021-2026 115
FIGURE 42 APAC TO BE FASTEST-GROWING MARKET FOR EXPLOSION-PROOF LIGHTING 115
TABLE 52 EXPLOSION-PROOF LIGHTING MARKET, BY REGION, 2017-2020 (USD MILLION) 116
TABLE 53 EXPLOSION-PROOF LIGHTING MARKET, BY REGION, 2021-2026 (USD MILLION) 116
11.2 NORTH AMERICA 117
FIGURE 43 NORTH AMERICA: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET 117
FIGURE 44 US TO DOMINATE EXPLOSION-PROOF LIGHTING MARKET DURING FORECAST PERIOD 118
TABLE 54 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2017-2020 (USD MILLION) 118
TABLE 55 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY COUNTRY, 2021-2026 (USD MILLION) 118
TABLE 56 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017-2020 (USD MILLION) 119
TABLE 57 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021-2026 (USD MILLION) 119
TABLE 58 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE, 2017-2020 (USD MILLION) 119
TABLE 59 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY TYPE, 2021-2026 (USD MILLION) 120
TABLE 60 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 120
TABLE 61 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 120
TABLE 62 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY HAZARDOUS LOCATION, 2017-2020 (USD MILLION) 121
TABLE 63 EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA, BY HAZARDOUS LOCATION, 2021-2026 (USD MILLION) 121
11.2.1 US 121
11.2.1.1 Large presence of leading oil & gas companies to drive demand for explosion-proof lighting 121
TABLE 64 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 122
TABLE 65 EXPLOSION-PROOF LIGHTING MARKET IN US, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 122
11.2.2 CANADA 122
11.2.2.1 Expanding chemical & pharmaceutical industry in Canada to boost market growth 122
TABLE 66 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 123
TABLE 67 EXPLOSION-PROOF LIGHTING MARKET IN CANADA, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 123
11.2.3 MEXICO 123
11.2.3.1 Increasing investments in chemical industry to fuel market growth 123
TABLE 68 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE, 2017-2020 (USD THOUSAND) 123
TABLE 69 EXPLOSION-PROOF LIGHTING MARKET IN MEXICO, BY LIGHT SOURCE, 2021-2026 (USD THOUSAND) 124
11.2.4 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN NORTH AMERICA 124
11.3 EUROPE 124
FIGURE 45 EUROPE: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET 125
FIGURE 46 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 70 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY, 2017-2020 (USD MILLION) 126
TABLE 71 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY COUNTRY, 2021-2026 (USD MILLION) 126
TABLE 72 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2017-2020 (USD MILLION) 127
TABLE 73 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY END-USER INDUSTRY, 2021-2026 (USD MILLION) 127
TABLE 74 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE, 2017-2020 (USD MILLION) 127
TABLE 75 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY TYPE, 2021-2026 (USD MILLION) 128
TABLE 76 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 128
TABLE 77 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 128
TABLE 78 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY HAZARDOUS LOCATION, 2017-2020 (USD MILLION) 129
TABLE 79 EXPLOSION-PROOF LIGHTING MARKET IN EUROPE, BY HAZARDOUS LOCATION, 2021-2026 (USD MILLION) 129
11.3.1 UK 129
11.3.1.1 Increasing investments and rapid infrastructure development activities in several industries to fuel market growth 129
TABLE 80 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 130
TABLE 81 EXPLOSION-PROOF LIGHTING MARKET IN UK, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 130
11.3.2 GERMANY 130
11.3.2.1 Large presence of renowned chemical and pharmaceutical producers to drive market growth 130
TABLE 82 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2017-2020 (USD THOUSAND) 131
TABLE 83 EXPLOSION-PROOF LIGHTING MARKET IN GERMANY, BY LIGHT SOURCE, 2021-2026 (USD THOUSAND) 131
11.3.3 RUSSIA 131
11.3.3.1 Increasing investments in oil & gas industry to fuel demand for explosion-proof lighting fixtures 131
TABLE 84 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 132
TABLE 85 EXPLOSION-PROOF LIGHTING MARKET IN RUSSIA, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 132
11.3.4 REST OF EUROPE 132
TABLE 86 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 132
TABLE 87 EXPLOSION-PROOF LIGHTING MARKET IN REST OF EUROPE, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 133
11.3.5 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN EUROPE 133
11.4 APAC 133
FIGURE 47 APAC: SNAPSHOT OF EXPLOSION-PROOF LIGHTING MARKET 134
FIGURE 48 EXPLOSION-PROOF LIGHTING MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 135
TABLE 88 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY, 2017-2020 (USD MILLION) 135
TABLE 89 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY COUNTRY, 2021-2026 (USD MILLION) 136
TABLE 90 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2017-2020 (USD MILLION) 136
TABLE 91 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY END-USER INDUSTRY, 2021-2026 (USD MILLION) 137
TABLE 92 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE, 2017-2020 (USD MILLION) 137
TABLE 93 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY TYPE, 2021-2026 (USD MILLION) 137
TABLE 94 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 138
TABLE 95 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 138
TABLE 96 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2017-2020 (USD MILLION) 138
TABLE 97 EXPLOSION-PROOF LIGHTING MARKET IN APAC, BY HAZARDOUS LOCATION, 2021-2026 (USD MILLION) 139
11.4.1 CHINA 139
11.4.1.1 Availability of cost-effective raw materials and manufacturer and customer proximity have enabled China to emerge as one of leading countries in explosion-proof lighting market 139
TABLE 98 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE, 2017-2020 (USD THOUSAND) 140
TABLE 99 EXPLOSION-PROOF LIGHTING MARKET IN CHINA, BY LIGHT SOURCE, 2021-2026 (USD THOUSAND) 140
11.4.2 JAPAN 140
11.4.2.1 Japan being third-largest shipbuilding nation to witness significant demand for explosion-proof lights 140
TABLE 100 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 141
TABLE 101 EXPLOSION-PROOF LIGHTING MARKET IN JAPAN, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 141
11.4.3 INDIA 141
11.4.3.1 Presence of leading pharmaceutical companies such as Cipla (India) and Sun Pharma (India) to strengthen growth momentum for explosion-proof lighting market in India 141
TABLE 102 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 142
TABLE 103 EXPLOSION-PROOF LIGHTING MARKET IN INDIA, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 142
11.4.4 SOUTH KOREA 142
11.4.4.1 Increasing upgradation of industrial manufacturing facilities and adopting of next-generation lighting technologies to fuel market growth 142
TABLE 104 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 143
TABLE 105 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH KOREA, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 143
11.4.5 REST OF APAC 143
TABLE 106 LIST OF UPCOMING OIL & GAS PROJECTS IN REST OF APAC 144
TABLE 107 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2017-2020 (USD THOUSAND) 144
TABLE 108 EXPLOSION-PROOF LIGHTING MARKET IN REST OF APAC, BY LIGHT SOURCE, 2021-2026 (USD THOUSAND) 144
11.4.6 IMPACT OF COVID-19 ON EXPLOSION-PROOF LIGHTING MARKET IN APAC 145
11.5 ROW 145
TABLE 109 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION, 2017-2020 (USD MILLION) 145
TABLE 110 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY REGION, 2021-2026 (USD MILLION) 145
TABLE 111 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2017-2020 (USD MILLION) 146
TABLE 112 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY END-USER INDUSTRY, 2021-2026 (USD MILLION) 146
TABLE 113 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE, 2017-2020 (USD MILLION) 146
TABLE 114 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY TYPE, 2021-2026 (USD MILLION) 147
TABLE 115 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 147
TABLE 116 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 147
TABLE 117 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2017-2020 (USD MILLION) 148
TABLE 118 EXPLOSION-PROOF LIGHTING MARKET IN ROW, BY HAZARDOUS LOCATION, 2021-2026 (USD MILLION) 148
11.5.1 MIDDLE EAST & AFRICA 148
11.5.1.1 Recent contracts related to oil & gas project expansions to fuel demand for explosion-proof lights 148
TABLE 119 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA, BY LIGHT SOURCE, 2017-2020 (USD MILLION) 149
TABLE 120 EXPLOSION-PROOF LIGHTING MARKET IN MIDDLE EAST & AFRICA, BY LIGHT SOURCE, 2021-2026 (USD MILLION) 149
11.5.2 SOUTH AMERICA 149
11.5.2.1 Surging investments in offshore & onshore rigs to create growth prospects for explosion-proof lighting manufacturers 149
TABLE 121 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA, BY LIGHT SOURCE, 2017-2020 (USD THOUSAND) 150
TABLE 122 EXPLOSION-PROOF LIGHTING MARKET IN SOUTH AMERICA, BY LIGHT SOURCE, 2021-2026 (USD THOUSAND) 150

12 COMPETITIVE LANDSCAPE 151
12.1 INTRODUCTION 151
FIGURE 49 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY BETWEEN JANUARY 2018 AND MARCH 2021 151
12.2 MARKET EVALUATION FRAMEWORK 152
TABLE 123 OVERVIEW OF STRATEGIES DEPLOYED BY KEY EXPLOSION-PROOF LIGHTING OEMS 152
12.2.1 PRODUCT PORTFOLIO 152
12.2.2 REGIONAL FOCUS 153
12.2.3 MANUFACTURING FOOTPRINT 153
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 153
12.3 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2020 153
TABLE 124 EXPLOSION-PROOF LIGHTING MARKET: DEGREE OF COMPETITION 153
TABLE 125 SHARE OF LEADING PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET, 2020 154
TABLE 126 MARKET RANKING ANALYSIS: EXPLOSION-PROOF LIGHTING MARKET, 2020 154
12.4 HISTORICAL REVENUE ANALYSIS OF MAJOR PLAYERS IN EXPLOSION-PROOF LIGHTING MARKET 155
FIGURE 50 REVENUE ANALYSIS FOR KEY COMPANIES FROM 2016 TO 2020 (USD BILLION) 156
12.5 COMPETITIVE SITUATIONS & TRENDS 156
12.5.1 PRODUCT LAUNCHES 156
TABLE 127 EXPLOSION-PROOF LIGHTING MARKET: PRODUCT LAUNCHES, JANUARY 2018-MARCH 2021 156
12.5.2 DEALS 159
TABLE 128 EXPLOSION-PROOF LIGHTING MARKET: DEALS, JANUARY 2018-MARCH 2021 159
12.6 COMPANY EVALUATION MATRIX, 2020 160
12.6.1 STAR 160
12.6.2 PERVASIVE 160
12.6.3 PARTICIPANT 160
12.6.4 EMERGING LEADER 160
FIGURE 51 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL), COMPANY EVALUATION MATRIX (2020) 161
12.7 STARTUP/SME EVALUATION MATRIX, 2020 162
12.7.1 PROGRESSIVE COMPANY 162
12.7.2 RESPONSIVE COMPANY 162
12.7.3 DYNAMIC COMPANY 162
12.7.4 STARTING BLOCK 162
FIGURE 52 EXPLOSION-PROOF LIGHTING MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX (2020) 163
12.8 COMPETITIVE BENCHMARKING 164
TABLE 129 COMPANY INDUSTRY FOOTPRINT 164
TABLE 130 COMPANY REGION FOOTPRINT 165
TABLE 131 COMPANY FOOTPRINT 166

13 COMPANY PROFILES 167
13.1 INTRODUCTION 167
(Business Overview, Products Offered, Recent Developments, and MnM View)* 13.2 KEY PLAYERS 167
13.2.1 EATON 167
TABLE 132 EATON: BUSINESS OVERVIEW 168
FIGURE 53 EATON: COMPANY SNAPSHOT 168
13.2.2 ABB 172
TABLE 133 ABB: BUSINESS OVERVIEW 172
FIGURE 54 ABB: COMPANY SNAPSHOT 173
13.2.3 HUBBELL 176
TABLE 134 HUBBELL: BUSINESS OVERVIEW 176
FIGURE 55 HUBBELL: COMPANY SNAPSHOT 176
13.2.4 EMERSON 180
TABLE 135 EMERSON: BUSINESS OVERVIEW 180
FIGURE 56 EMERSON: COMPANY SNAPSHOT 181
13.2.5 SIGNIFY 184
TABLE 136 SIGNIFY: BUSINESS OVERVIEW 184
FIGURE 57 SIGNIFY: COMPANY SNAPSHOT 185
13.2.6 GE CURRENT 188
TABLE 137 GE CURRENT: BUSINESS OVERVIEW 188
13.2.7 GLAMOX 190
TABLE 138 GLAMOX: BUSINESS OVERVIEW 190
FIGURE 58 GLAMOX: COMPANY SNAPSHOT 190
13.2.8 AIRFAL INTERNATIONAL 193
TABLE 139 AIRFAL INTERNATIONAL: BUSINESS OVERVIEW 193
13.2.9 PHOENIX LIGHTING 195
TABLE 140 PHOENIX LIGHTING: BUSINESS OVERVIEW 195
13.2.10 WORKSITE LIGHTING 196
TABLE 141 WORKSITE LIGHTING: BUSINESS OVERVIEW 196
13.2.11 LARSON ELECTRONICS 197
TABLE 142 LARSON ELECTRONICS: BUSINESS OVERVIEW 197
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies. 13.3 OTHER IMPORTANT PLAYERS 199
13.3.1 R. STAHL 199
13.3.2 RAYTEC 200
13.3.3 CESP 200
13.3.4 TORMIN ELECTRICAL 201
13.3.5 LDPI 201
13.3.6 IWASAKI ELECTRIC 202
13.3.7 NORDLAND LIGHTING 203
13.3.8 NORKA 203
13.3.9 UNIMAR 204
13.3.10 SCHUCH 204
13.3.11 CORTEM 205
13.3.12 ABTECH 205
13.3.13 NUOVA ASP 206
13.3.14 TREVOS 206

14 APPENDIX 207
14.1 INSIGHTS OF INDUSTRY EXPERTS 207
14.2 DISCUSSION GUIDE 208
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 211
14.4 AVAILABLE CUSTOMIZATIONS 213
14.5 RELATED REPORTS 213
14.6 AUTHOR DETAILS 214