Global emergency lighting market size was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.
Global Emergency Lighting Market, By Region
Market Definition
Emergency lighting is lighting system, which is used in an emergency condition when the standard electrical lighting system fails and main power supply is cut. Emergency lighting is generally required to operate fully automatically and provide illumination of a sufficiently high level to enable all occupants to evacuate the premises safely.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Market Dynamics
High adoption of better safety standards is major driving factor behind the growth of market. The emergency lighting provides variety of benefits such as efficiency, long lifespan, high brightness, low maintenance and reduced power consumption are ultimately leading to the growth of market. Furthermore, emergency lighting is simple to set up and very effective in the case of an emergency, increasing construction sector across the globe, reduced average selling price of LEDs and combination of emergency lighting with esthetic lighting are expected to improve market growth during forecast period.
Nevertheless, high initial cost of emergency lighting devices and operational cost is the major restraining factor that could hamper the growth of market. Also, increasing testing cost, complexity of designs and lack of standardization could obstruct the growth of market.
Global Emergency Lighting Market: Segmentation Analysis
By power system, self contained emergency lighting segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. Self-contained power system supplies the mandatory emergency lighting from a decentralized source and work autonomously without central power system. It provides the simplest and quickest solution as they consist of their own batteries. Eaton’s self-contained emergency lighting leads the market in quality of efficiency, finish and innovation. It is developed for different building types and provides reliable solutions to improve safety while saving time and money during maintenance.
By battery type, LiFePO4 segment dominated the market and is expected to grow during forecast period. The lithium iron phosphate battery is the sub segment of lithium ion battery. It offers longer life cycle, have very constant discharge voltage and phosphates used in batteries avoids cobalt’s cost and environmental concerns, which results into the growth of market.
The report has covered the key trends and developments in the industry, which will provide current status of industry and future curve in the forecast period.
In Aug 2018, Hochiki Europe has launched FIREscape+, which combines emergency lighting, fire detection and way finding technology. FIREscape+ offers intelligent false alarm management and efficient installation and maintenance, according to the life safety manufacturer. If the critical condition like fire occurs and there is a power failure, emergency lighting make it easier to leave the building safely and calmly for everyone in the premises.
Global Emergency Lighting Market: Regional Analysis
Region wise, North America held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The US and Canada are major key contributors behind the growth of market. The growth is attributed to rapid technological advancements in lighting industry and adoption of emergency lighting system in various industries. Also, integration of smart technologies in lighting industry and higher consumer awareness in the region is driving the growth of market.
In May 2018, Acuity Brands, Inc announced it has acquired IOTA Engineering, L.L.C (IOTA), a Tucson, AZ-based manufacturer of highly engineered emergency lighting products and power equipment for commercial and institutional applications, both in the U.S. and internationally.
The objective of the report is to present a comprehensive analysis of the Global Emergency Lighting Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Emergency Lighting Market dynamics, structure by analyzing the market segments and projects the Global Emergency Lighting Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Emergency Lighting Market make the report investor’s guide.
The Scope of Global Emergency Lighting Market
Global Emergency Lighting Market, By Power System
• Self-Contained
• Central
• Hybrid
Global Emergency Lighting Market, By Battery Type
• Ni–Cd
• Ni–MH
• LiFePO4
• Lead–Acid
Global Emergency Lighting Market, By Light Source
• Fluorescent
• LED
• Incandescent
• Induction
• Others (High Intensity Discharge, Cold Cathode, Halogen Lamps)
Global Emergency Lighting Market, By Application
• Residential
• Commercial
• Industrial
• Others (Railways, Aircraft, Ships)
Global Emergency Lighting Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Emergency Lighting Market, Key Players
• Philips Lighting Holding B.V
• Hubbell Lighting Inc.
• Cooper Industries
• Schneider Electric SE
• Emerson
• Legrand S.A.
• Acuity Brands
• Beghelli S.p.A.
• Daisalux
• Zumtobel Group
• OSRAM Licht AG
• Digital Lumens
• Fulham Co.
• Arrow Emergency Lighting Limited
• Arts Energy
• Taurac
• Eton
• Hochiki
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