Global emergency lighting market is projected to grow at a substantial CAGR of 7.9% during the forecast period of 2019 to 2026. Emergency lighting is the lighting that instantly switches on when the power cuts. Most of the newly constructed houses and offices among others have emergency light installed in it. It has residential, commercial and industrial applications. It is useful in safety precaution during power cuts that helps people to find their way out of a place and prevent accidents.
Key Market Competitors:
Few of the major competitors currently working in the global emergency lighting market are OSRAM GmbH, Hubbell, Eaton, Signify Holding, Syska, Daisalux., Zumbtoel Group, ACUITY BRANDS LIGHTING, INC. , Schneider Electric, Legrand. Bajaj Electricals Ltd, Zeta Specialist Lighting Ltd, Dialight NVC Lighting Technology Corporation,, Luminous India, Orient Electric, Anchor Electricals Pvt. Ltd, Eveready Industries India Ltd.,Taurac, Fulham,Co Inc., Beghelli S.p.A.
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Segmentation: Global Emergency Lighting Market
- By Offerings (Hardware, Software, Services)
- By Power-System (Self-Contained Power System, Central Power System, Hybrid Power System)
- By Battery Type (Ni–CD, NI–MH, LiFepo4, Lead–Acid)
- By Light Source (Fluorescent lighting, LED, Incandescent, Induction, Others)
- By Application (Residential, Commercial, Industrial, Others)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Emergency Lighting Market
Global emergency lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of hybrid train market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
- Decreasing selling price of LEDs is boosting the growth of the market
- Technological Extension in lighting industry is boosting the market growth
- Growing construction industry worldwide is driving the growth of the market
- Integration of emergency lighting with esthetic lighting is fuelling the growth of the market
Market Restraints:
- High Expenditure cost of emergency lighting is restraining the growth of the market
- Issues regarding design that may obstruct the esthetic appeal of buildings is hampering the growth of the market
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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The collective demand for emergency lighting in the residential, commercial, and industrial sectors is inspiring the regional market in North America.
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The increasing demand for LEDs and energy efficiency has driven the manufacturers of lighting goods to expand their LED portfolios.In August 2020, Koninklijke Philips N.V. acquired Intact Vascular, Inc. Philips will extend its range of image-oriented medical devices by acquiring Intact Vascular.
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Which regional market offers the most attractive growth opportunities to the companies operating in this market?
The report considers the following timeline for market estimations: Historical Years: 2017 – 2018 Base Year: 2019 Estimated Year: 2027 Forecast Years: 2020 – 2027This is the latest report, covering the current COVID-19 impact on the market.
