LED lights have the advantage of high performance,
providing current up to 100 lumens per watt. Users can choose aisle, narrow and
wide distribution methods and five installation options such as pendant,
ceiling, wall, Stanchion, and cone according to their needs. Compared with
similar products such as incandescent lamps, LED has advanced technology and
efficiency in terms of energy consumption and luminous intensity. Under the
appropriate current and voltage, the service life of the LED can reach 100,000
hours, which has less radiation than HID or incandescent lamps, does not cause
pollution, and is durable.
The most widely marketed LED lights
are High Bay. It is designed for higher ceilings and larger areas in order to
focus light more directly and produce powerful lighting at long distances. In
2019, its market share was 34.44%, and linear lamps ranked second with a market
share of 27.82%. Compared with traditional luminaires, such linear luminaires
are usually long in length, allowing light to be distributed in a narrower
area. During installation, it can be hung on the ceiling, installed on the
surface of the wall or ceiling, or embedded in the wall or ceiling. There is
also a floodlight. LED flood light is a kind of high-power lamp. Its common
function is to achieve large-area coverage of light through wide-angle, which
can be used for large-area lighting. There are many types of floodlights with
different uses, mainly used outdoors.
Industrial and hazardous LEDs can be used for lighting in a variety of industries, including oil and gas, chemical, power utility, metallurgy, mining, railways, and shipbuilding. Since oil and natural gas are flammable and explosive during production, safe LED lighting solutions are needed. Therefore, oil and natural gas account for a larger proportion of their application industries, accounting for 19.92% of the market share in 2029.
Today, all walks of life are looking for better lighting solutions to reduce lighting energy consumption and operating costs. With outstanding advantages, LED lights have increasingly become the first choice of the public.
Prospect Analysis of the Industrial and Hazardous LED Industries in Various Regions Under the Influence of COVID-19
After a period of development, the industry has entered a mature period. With the continuous upgrading of products and the development of economy and technology, the market continues to expand, and the industry concentration is getting higher and higher. In 2019, the top three companies are Acuity Brands, Eaton, and Hubbell Incorporated, with revenue market shares of 27.09%, 11.15%, and 11.37%.
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The United States is the largest economy in the world, as well as the most technologically advanced country. Heavy industry, steel industry are the pillars of American industry. In 2015, in the industrial and hazardous LED industries, the United States accounted for 82.08% of the market share. In 2019, the market share was 81.73%, a decrease of 0.35%. For many years, the United States has been the largest revenue market in this industry and maintained a growth rate of more than 5%. In the North American market, the United States is the main consumption and export area, but in 2020, the United States is also the country most affected by the epidemic and the number of infected people. This situation seriously affected the export and sales of LEDs, and its growth rate dropped to -5.07% for the first time.
Canada is one of the seven largest industrial countries in the West, with a solid economic foundation. Energy industry, manufacturing, agriculture and service industries are the pillar industries of Canadian national economy. In 2019, in the industrial and hazardous LED industry, Canadian market share was 11.39%, ranking second. Although the total value of the LED market of it is lower than that of the United States, equivalent to one-seventh of that of the United States, the growth rate is rapid, which mainly due to the development of Canadian industry, the development potential of natural resource industries and manufacturing.
In 2020, the LED industry will inevitably be affected by COVID-19. In the long run, the impact of the epidemic on the LED industry will gradually weaken. Economic development, increasing downstream demand, technological innovation and progress in North America will promote the development of industrial and hazardous LED markets.
With outstanding advantages, the market of Industrial and Hazardous LEDs Continues to Expand
The market growth of this industry is mainly driven by downstream demand. The economic development and the increasing market demand of North America are playing a positive role in the expansion of the industrial and hazardous LED market. The rapid development of industrialization has made the industry increasingly demanding indoor and outdoor lighting. During the production process, the mixed gas and combustible materials in the factory increase the risk of explosion. Public has always believed that the use of LED lights in hazardous locations has higher safety, which speeds up the installation of LED lights and provides future growth opportunities for this market.
According to research, the total
revenue of the North American industrial and hazardous LED market in 2015 was
851.98 million U.S. dollars, which increased to 1080.42 million U.S. dollars in
2019. We predict that by 2025, the market value of industrial and hazardous
LEDs will reach 1396.81 million US dollars. From 2019 to 2025, the CAGR of
industrial and hazardous LEDs is 4.37%.
In 2008, changes in U.S. regulations
led to the suspension of mercury vapor and metal halide ballasts, which
inevitably led to an increase in the demand for professional lighting in
hazardous areas. LED quickly occupied the market with its reliability, robustness,
long life and high efficiency. Therefore, the introduction of laws and
regulations related to lighting laws and worker safety has promoted the
development of the industrial LED market. At the same time, with the continuous
development of the industry, the law will continue to improve according to the
actual situation, and LED will occupy the lighting market with its strong
advantages.
The advantages of low power
consumption, long life, high brightness, low heat, and no pollution will
increase the market penetration of LEDs. In the future, companies will increase
R&D investment, continue to innovate, and produce higher quality and more
affordable products, which will be one of the growth opportunities in this
market.
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