LED Lighting in Oil & Gas Market - Forecast(2021 - 2026)
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,