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.
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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. Emergency lighting is defined as lighting that automatically switches on when there is no source of power supply and if any normal illumination fails. Now a days most of the newly constructed buildings have emergency light installed in it during construction.
The declining average selling price of light emitting diode is one of the significant factor driving market growth. By light source segment, LED accounts for highest market share, owing to energy efficient and longer life cycle. The study indicates the market of incandescent light source is declining due to less energy efficient characteristics and is most widely used in residential building. By battery segment, liFePO4 is expected to account for highest market share owing to dynamic characteristics it possess that includes light weight, small volume, high temperature resistant and long life span is the prime factors driving market growth.
The emergency lighting market is segmented on the basis of components, power system, battery, light source and application. The power system segmentation includes self-contained, central and hybrid. Self-contained emergency lighting are used in small buildings with low number of lighting points. They can be operated in either maintained or non-maintained mode. Maintained mode is generally employed in places of assembly that includes clubs, cinemas and theater. Maintained emergency lights are lit all the time. The light used in maintained mode are generally dimmed in crowded premise and it prevents total darkness.
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.
The emergency lighting market is expected to grow at approximately USD 7 Billion by 2023, at 6% of CAGR between 2017 and 2023.
Study Objectives of Emergency Lighting Market:
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the emergency lighting market.
To provide insights about factors affecting the market growth.
To analyze the emergency lighting market based porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
To provide country level analysis of the market with respect to the current market size and future prospective.
To provide country level analysis of the market for segment on the basis of components, power system, battery, light source and application to provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the emergency lighting
Emergency Lighting Market Segmentation:
The emergency lighting market has been segmented on the basis of application that includes commercial, industrial, and residential and others. By industrial application, the manufacturers developed models that integrate the electronic components of energy-efficient LEDs into their designs. The integrated LED fixtures are easier to find ever before. A few manufacturers invent high-tech technology by merging wireless controls with the models. The manufacturers made the components of the newest integrated LED fixtures replaceable to eliminate the need and cost.
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.
Market Research Analysis:
Regional analysis for emergency lighting market is studied in different geographic regions as North America Europe, Asia-Pacific and Rest of World. European market is expected to be one of the prominent player due to high demand of new lighting technology and solution in LED lighting, the application of it in hospitality business, architectural sights and lighting regulating in animal, plant and human biorhythms. North America is the leading player in emergency lighting market and is expected to witness noteworthy growth in the near future. Regulation over energy efficient product and high disposal income will help to drive demand for emergency lighting for architectural application in North America region.
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Table of Contents:
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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