LED Lighting in Oil & Gas Market - Forecast(2019 - 2024)

Report Code: AIR 0325 Report Format: PDF + Excel (Delivery in 48 Hrs)
LED Lighting for Oil and Gas Market Overview
The LED Lighting for Oil and Gas market is expected to reach $188.7m by 2023, growing at a steady rate of 3.4% during the forecast period owing to the long lifespan and durability of LED lighting in harsh environments. Moreover, LED lighting uses less power and provides better visibility, the primary factors which is driving oil and gas manufacturers to install LED lighting in their plant locations.

LED Lighting for Oil and Gas Market Outlook
The LED Lighting Market in Oil and Gas refers to an electric light or a cluster of electrical lights housed in a light fixture that produces light using light-emitting diode (LED). LEDs are used in signaling devices or lighting fixtures that are installed in various hazardous sectors of oil and gas industry. LED lightings and fixtures are more ideal than traditional incandescent and fluorescent lamps. In comparison, quality LED lights possess properties that enables them to withstand high temperatures, are heat & flame resistant, and can also withstand explosions in hazardous areas. LEDs use at least 75% less energy and last up to 25 times longer than incandescent lighting.
The major applications of this market are for area lighting, linear lighting, flood lighting, exit & emergency lighting, portable & task lighting, signaling, and many others.

LED Lighting for Oil and Gas Market Growth Drivers
Increasing demand for power is leading to investments for commissioning of new advanced power generation units in the existing bases. Also, increasing safety concerns are leading to regular maintenance of the plants. These factors are set to drive the LED lighting market in oil and gas.

LED Lighting for Oil and Gas Market Challenges
Rising resource autonomy and environmental awareness has blocked numerous upcoming exploration sites in the world. This results in the budget allocation by the government of various economies that further limits the funds that would be allocated on exploration, excavation and extraction projects. This is analyzed to constrain the growth of the LED lighting market in oil & gas.


 
LED Lighting for Oil and Gas Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the LED Lighting for Oil and Gas market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of LED Lighting Oil and Gas market, and their specific applications in different industries.

LED Lighting for Oil and Gas Market Report: Industry Coverage

Groups of LED Lighting for Oil and Gas: IEC & EU Standards, NEC

Zones of LED Lighting for Oil and Gas: Zone 0, Zone 1, Zone 2

Temperature Class of LED Lighting for Oil and Gas: T1 (450°C or 842°F), T2 (300°C or 572°F), T3 (200°C or 392°F), T4 (135°C or 275°F), T5 (100°C or 212°F), T6 (85°C or 185°F)

Applications of LED Lighting for Oil and Gas: Area Lighting, Linear Lighting, Flood Lighting, Exit & Emergency Lighting, Portable & Task Lighting, Signaling, Others

Sectors of LED Lighting for Oil and Gas: Upstream, Midstream, Downstream

The LED Lighting for Oil and Gas market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

LED Lighting for Oil and Gas Market Key Players Perspective
Hubbel Inc. headquartered in the U.S. is the leading player in designing, manufacturing, and selling of electrical and electronics products for residential and commercial applications. This is the major company contributing to around 8% of the overall market revenue. The company being the pioneer in LED lighting in oil and gas for various applications has remained as the dominant player. The next leading players are Dialight and Eaton Corp. with 8% and 7% of market share respectively.
Some of the other key players mentioned in this report are Eaton Corp., Emerson Electric Co., ABB Group, GE Company, Dialight Plc, AZZ Inc., Larson Electronics Inc., and Adolf Schuch GmbH.

LED Lighting for Oil and Gas Market Trends
  • Increase in the demand for petroleum and gas products is propelling the manufacturers to establish new sites and plants while complying with the safety regulations and protection of equipment and workers. The commercialization of shale gas technology and hydraulic fracking are some of the new methods, which are expected to boost the need for LED lighting at workplaces.
  • Advancements in technology is enabling gas and petroleum manufacturers to dig deeper than before, possessing a high risk for workers working at such depths. Life jacket manufacturers are using LED lights on jackets of workers for quick detection in case of a mishap. Companies manufacturing such life jackets are expected to follow this trend in their upcoming products.
  • The Department of Malaysia organized an IEC conference to highlight and encourage the importance of use of explosion proof lighting solutions in industries operating in Asia. This initiative is anticipated to fuel the usage of LED lighting in Oil and Gas industry.
  • China is set to double its shale gas output within the next three years. The country’s national companies have developed homegrown technology, which is anticipated to help them extract gas from the country’s shale rock formations. The increase in production is expected to boost the usage of related equipment, which includes gauges, regulators, tubing, and efficient lighting with high quality safety features.
1. LED Lighting in Oil & Gas Market — Overview
1.1. Definitions and Scope
2. LED Lighting in Oil & Gas Market — Executive Summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by Type of Application
2.3. Key Trends Segmented by Geography
3. LED Lighting in Oil & Gas Market 
3.1. Comparative Analysis
3.1.1. Product Benchmarking — Top 10 Companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value Split by Top 10 Companies
3.1.4. Patent Analysis — Top 10 Companies
3.1.5. Pricing Analysis 
4. LED Lighting in Oil & Gas Market – Startup Companies Scenario
4.1. Top 10 Startup Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. LED Lighting in Oil & Gas Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
5.4. Customer Analysis – Top 10 Companies
6. LED Lighting in Oil & Gas Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porter’s Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Power of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes 
7. LED Lighting in Oil & Gas Market — Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Product Life Cycle
7.4. Suppliers and Distributors Market Share
8. LED Lighting in Oil & Gas Market – By Group (Market Size — $Million/$Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. IEC & EU Standards
8.3.2. NEC
9. LED Lighting in Oil & Gas Market – By Zone (Market Size — $Million/$Billion)
9.1. Market Size and Market Share Analysis 
9.2. Application Revenue and Trend Research
9.3. Product Segment Analysis
9.3.1. Zone 0
9.3.2. Zone 1
9.3.3. Zone 2
10. LED Lighting in Oil & Gas Market – By Temperature Class (Market Size — $Million/$Billion)
10.1. Segment Type Size and Market Share Analysis
10.2. Application Revenue and Trends by Type of Application
10.3. Application Segment Analysis by Type
10.3.1. Introduction
10.3.2. T1 (450°C or 842°F)
10.3.3. T2 (300°C or 572°F)
10.3.4. T3 (200°C or 392°F)
10.3.5. T4 (135°C or 275°F)
10.3.6. T5 (100°C or 212°F)
10.3.7. T6 (85°C or 185°F)
11. LED Lighting in Oil & Gas Market – By Temperature Class (Market Size — $Million/$Billion)
11.1. Segment Type Size and Market Share Analysis
11.2. Application Revenue and Trends by Type of Application
11.3. Application Segment Analysis by Type
11.3.1. Introduction
11.3.2. Area Lighting
11.3.3. Linear Lighting
11.3.4. Flood Lighting
11.3.5. Exit & Emergency Lighting
11.3.6. Portable & Task Lighting 
11.3.7. Signaling
11.3.8. Others
12. LED Lighting in Oil & Gas Market – By Sector (Market Size —$Million/$Billion)
12.1. Segment Type Size and Market Share Analysis
12.2. Application Revenue and Trends by Type of Application
12.3. Application Segment Analysis by Type
12.3.1. Introduction
12.3.2. Upstream
12.3.3. Midstream
12.3.4. Downstream
13. LED Lighting in Oil & Gas Market — By Geography (Market Size —$Million/$Billion)
13.1. LED Lighting in Oil & Gas Market — North America Segment Research
13.2. North America Market Research (Market Size — $Million/$Billion)
13.2.1. Segment Type Size and Market Size Analysis 
13.2.2. Revenue and Trends
13.2.3. Application Revenue and Trends by Type of Application
13.2.4. Company Revenue and Product Analysis
13.2.5. North America Product Type and Application Market Size
13.2.5.1. U.S.
13.2.5.2. Canada 
13.2.5.3. Mexico 
13.3. LED Lighting in Oil & Gas — South America Segment Research
13.4. South America Market Research (Market Size — $Million/$Billion)
13.4.1. Segment Type Size and Market Size Analysis 
13.4.2. Revenue and Trends
13.4.3. Application Revenue and Trends by Type of Application
13.4.4. Company Revenue and Product Analysis
13.4.5. South America Product Type and Application Market Size
13.4.5.1. Brazil  
13.4.5.2. Chile
13.4.5.3. Argentina
13.4.5.4. Ecuador
13.4.5.5. Peru
13.4.5.6. Colombia
13.4.5.7. Costa Rica
13.4.5.8. Rest of South America
13.5. LED Lighting in Oil & Gas — Europe Segment Research
13.6. Europe Market Research (Market Size — $Million/$Billion)
13.6.1. Segment Type Size and Market Size Analysis 
13.6.2. Revenue and Trends
13.6.3. Application Revenue and Trends by Type of Application
13.6.4. Company Revenue and Product Analysis
13.6.5. Europe Segment Product type and Application Market Size
13.6.5.1. U.K.  
13.6.5.2. Germany 
13.6.5.3. Italy 
13.6.5.4. France
13.6.5.5. Netherlands
13.6.5.6. Belgium
13.6.5.7. Spain
13.6.5.8. Russia
13.6.5.9. Rest of Europe
13.7. LED Lighting in Oil & Gas – APAC Segment Research
13.8. APAC Market Research (Market Size — $Million/$Billion)
13.8.1. Segment Type Size and Market Size Analysis 
13.8.2. Revenue and Trends
13.8.3. Application Revenue and Trends by Type of Application
13.8.4. Company Revenue and Product Analysis
13.8.5. APAC Segment – Product Type and Application Market Size
13.8.5.1. China 
13.8.5.2. Australia
13.8.5.3. Japan 
13.8.5.4. South Korea
13.8.5.5. India
13.8.5.6. Rest of APAC
13.9. LED Lighting in Oil & Gas - RoW Segment Reach
13.10. RoW Market Research (Market Size — $Million/$Billion)
13.10.1. Segment Type Size and Market Size Analysis 
13.10.2. Revenue and Trends
13.10.3. Application Revenue and Trends by Type of Application
13.10.4. Company Revenue and Product Analysis
13.10.4.1. Middle East
13.10.4.2. Africa
14. LED Lighting in Oil & Gas Market - Entropy
14.1. New Product Launches
14.2. M&As, Collaborations, JVs and Partnerships
15. LED Lighting in Oil & Gas Market – Industry/Segment Competition Landscape
15.1. Market Share Analysis
15.1.1. Market Share by Country — Top Companies
15.1.2. Market Share by Region — Top 10 Companies
15.1.3. Market Share by type of Application – Top 10 Companies
15.1.4. Market Share by type of Product/Product Category — Top 10 Companies
15.1.5. Market Share at Global Level — Top 10 Companies
15.1.6. Best Practices for Companies
16. LED Lighting in Oil & Gas Market – Key Company List by Country Premium
17. LED Lighting in Oil & Gas Market Company Analysis
17.1. Market Share, Company Revenue, Products, M&A, Developments
17.2. Eaton Corp.
17.3. Emerson Electric Co.
17.4. ABB Group
17.5. GE Company
17.6. Dialight Plc
17.7. AZZ Inc.
17.8. Larson Electronics Inc.
17.9. Adolf Schuch GmbH
17.10. Company 9
17.11. Company 10
17.12. Company 11 & More
"*Financials of private companies would be provided on a best-efforts basis"
18. LED Lighting in Oil & Gas Market — Appendix
18.1. Abbreviations
18.2. Sources
19. LED Lighting in Oil & Gas Market — Methodology
19.1. Research Methodology
19.1.1. Company Expert Interviews
19.1.2. Industry Databases
19.1.3. Associations
19.1.4. Company News
19.1.5. Company Annual Reports
19.1.6. Application Trends
19.1.7. New Products and Product Database
19.1.8. Company Transcripts
19.1.9. R&D Trends
19.1.10. Key Opinion Leaders Interviews
19.1.11. Supply and Demand Trends