MarketsandMarkets Presents

North America is projected to hold the largest share of ExplosionProof Lighting Market in 2026

North America has emerged as the worlds most promising market for Explosion-Proof Lighting. The region is witnessing increasing investments in the oil & gas industry, with a number of projects lined up during the forecast period. The Alaska LNG project in Alaska and the Corpus Christi LNG project in Texas are expected to have investments of approximately USD 45 billion and USD 24.5 billion, respectively. The Corpus Christi LNG project is expected to start its operations in 2022, and the Alaska LNG project in 2025. Oil & gas is the major end-user industry of explosion-proof lighting since any damage to assets due to explosion can lead to a high financial loss. This has triggered the installation of robust Explosion-Proof Lighting across the region.