Market Synopsis:

In rapid advancement in light-emitting diodes (LEDs) the lighting sources for general lighting applications which is more efficient as compared to incandescent lighting. Such characteristics combined with their long working life and reliability has made them the suitable choice for next generation of lighting systems including emergency, backlight, automotive, indoor and outdoor. To ensure accurate operation and to control the light intensity, LEDs need an efficient driver, normally implemented by power electronics-based conversion stages to match the LED characteristics with the AC grid voltage and to generate a controllable and high-quality light.

North America is one of the most competitive markets across the globe with various regional players and a few large international players in emergency lighting market. Also, government initiatives in outdoor and border security is driving the growth of emergency lighting market in North America region. Europe is one of the prominent player in the emergency lighting market owing to increased demand of LED emergency lighting in residential sector. Also, emerging economies from countries such as Germany, UK, France, Russia, Italy, Benelux and Spain is driving emergency lighting market.

The emergency lighting market is growing rapidly over 6% of CAGR and is expected to reach approximately at USD 7 billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Emergency Lighting Market Research Report -Forecast to 2023”.

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Key Players:

The prominent players in the emergency lighting market are- Philips Lighting Holding B.V. (Netherlands), Hubbell Lighting Inc. (U.S.), Cooper Industries (Ireland), Schneider Electric SE (France), Emerson (US), Legrand S.A. (France), Acuity Brands (U.S.), Beghelli S.p.A. (Italy), Daisalux (Spain), Zumtobel Group (Austria), among others.

Global Emergency Lighting Market Segmentation:

By Components, the market has been segmented into hardware, software, and, services. With the technological advancements, the user interface has evolved over the time making it more and more convenient for the users.

By power system, the market is segmented into self-contained, central, and, hybrid. The self-contained segment is one of the fastest growing segments of the market. It is generally used in small buildings with lesser lighting points and can be operated in both maintained as well as non-maintained modes.

By battery, the market has been segmented into nickel-cadmium (Ni–Cd), nickel-metal hydride (Ni–MH), lithium iron phosphate (LiFePO4), and Lead–Acid. LiFePO4, can register the highest demand owing to properties such as high resistance for temperature, durability, light-weight nature, etc.

By light source, the market is segmented into fluorescent, LED, incandescent, induction, and, others. The demand for incandescent lights is on a downward trend owing to being less energy-efficient than its counterparts, whereas, LED accounts for highest share in the market owing to factors such as longer life span, energy efficiency, etc.

By application, the market has been segmented into residential, commercial, industrial, and, others. The adoption of emergency lighting for the residential sector has increased over time, which has encouraged the producers to expand their portfolio for residential emergency lighting.

Regional Analysis:

By region, the market has been segmented into Asia Pacific, North America, Europe, and Rest-of-the-World (RoW). With the increase in demand for emergency lights in commercial, industrial, and, residential sectors, the North America region will dominate a significant part of the emergency lighting market. Technological advancements and increased research & development are making way for easy adoption of emergency lights.

Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to amplified demand and widespread adoption of emergency lighting. Emerging economies such as India and China are witnessing urbanization at a fast pace which has catapulted the market demand for emergency lighting systems in the region. The multiplying construction projects are also escalating the demand in the region. For instance, the Indian government has resolved to build 100 smart cities which has intensified the need for emergency lighting in the region.

Competitive Dashboard:

The prominent players of the emergency lighting market are incessantly endeavoring to gain an edge over its competitors by investing in research & development, expansion of product portfolio, innovation, building partnerships, etc. Some of the eminent players profiled in the report are Acuity Brands (U.S.), Hubbell Lighting Inc. (U.S.), Schneider Electric SE (France), Legrand S.A. (France), Beghelli S.p.A. (Italy), Zumtobel Group (Austria), Philips Lighting Holding B.V. (Netherlands), Cooper Industries (Ireland), Emerson (US), Daisalux (Spain).



Industry News:

Phoebe LED has launched Spectrum downlight range of products which is app-controlled. This emergency version, i.e. ‘Spectrum Emergency’ is different as it is the only downlighter in the market today that is self-contained and rated by the Lighting Industry Association. Additionally, it does not require a separate LED charge indicator to be attached next to the fitting.

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Intended Audience:

Investors and consultants

System Integrators

Government Organizations

Research/Consultancy firms

Technology solution providers

IT Solution Providers

Original Equipment Manufactures

Emergency Lighting Manufacturers

Emergency Lighting Software Manufacturers

Residential end-users

Commercial end-users

Industrial end-users

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