Projected Growth and Market Insights for Hazardous Location LED Lighting by 2025

Posted in

April 30, 2025

Projected Growth and Market Insights for Hazardous Location LED Lighting by 2025

The global hazardous location LED lighting market is projected to grow significantly, with a valuation of USD 451 million in 2021 and an anticipated compound annual growth rate (CAGR) of 8.10% from 2022 to 2030. A recent report by Coherent Market Insights highlights the market’s expansion driven by increasing demand and advancements in technology. Key sectors benefiting from this growth include oil and gas, petrochemical, and pharmaceuticals. Major players such as Hubbell and Emerson are competing to innovate and capture market share. As industries increasingly prioritize efficiency and sustainability, investments in hazardous location LED lighting are expected to rise, signaling a promising outlook for the market in the coming years.

Original source:

https://www.openpr.com/news/3994206/hazardous-location-led-lighting-market-size-share-2025

Projected Growth and Market Insights for Hazardous Location LED Lighting by 2025

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