LED lamps are being used on a large scale in heavy equipment in order to perform various operations efficiently. Also, LED bulbs are shock proof and are not affected by vibrations while operating heavy equipment. Hence, heavy equipment lamps manufacturers are focusing of designing lamps that can be easily connected to the system without the need of any special connections. There has also been an advancement in design and function of LEDs with the rise in the number of replacement of old lamps and bulbs on heavy equipment with LEDs. This report, compiled by Fact.MR, provides in-depth analysis of the global heavy equipment lamps market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
As per the latest study by Fact.MR, the global market for heavy equipment lamps is likely to experience moderate growth. The global market for heavy equipment lamps is estimated to reach US$ 9,065.3 million revenue by 2026 end.
Signal Lamps to Gain Maximum Traction in the Global Market for Heavy Equipment Lamps
Compared to the various lamp types, signal lamps are likely to witness the highest growth between 2017 and 2026. Signal lamps are estimated to reach nearly US$ 3,000 million revenue by 2026 end. Signal lamps are visual signaling device for optical communication. Signal lams are largely used on construction sites such as during roadworks. These lights are also used in marine and air traffic control.
HID Lamps to Account for the Highest Revenue Share
Among various lighting types, HID lamps are likely to account for more than one-third of the revenue share by 2017 end. HID lamps are also estimated to create an incremental opportunity of over US$ 1,300 million between 2017 and 2026. Owing to the low energy usage, longer life than halogen bulbs, HID lamps are being used on a large scale. HID lamps are being used in large indoor and outdoor areas such as warehouses, construction sites, shops, arenas, etc. Meanwhile, LEDs are also likely to witness growth in the near future.
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