Global Emergency Lighting Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2028 |
 Market Size (Base Year) |
USD 9.17 Billion |
 Market Size (Forecast Year) |
USD 2,113.57 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Emergency Lighting Market, By Offering (Hardware, Software, Services), Power System (Self-Contained Power System, Central Power System, Hybrid Power System), Battery Type (Ni–CD, NI–MH, LiFepo4, Lead–Acid), Light Source (Fluorescent lighting, Light - Emitting Diode (LED), Incandescent, Induction, Others), Application (Residential, Commercial, Industrial, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Emergency Lighting Market
The emergency lighting market size is valued at USD 9.17 billion by 2028 is expected to grow at a compound annual growth rate of 6.71% in the forecast period of 2021 to 2028. Data Bridge Market Research report on emergency lighting provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Emergency lighting is the type of lighting that automatically switches on when there is no source of power supply and if any normal lighting fails. Now a day’s most of the constructed buildings have emergency light installed in it during construction.
The easy availability of cost-effective and attractive lights is expected to influence the growth of emergency lighting market over the forecast period of 2021 to 2028. Also the rapid technological advancements in lighting industry and combination of emergency lighting with esthetic lighting are also anticipated to flourish the growth of the emergency lighting market. Furthermore, the declining average selling price of LEDs and rise in construction industry across the globe are also likely to positively impact the growth of the market. Moreover, the rapid urbanization in various countries along with improved living standards of the people are also expected create a huge demand for emergency lighting as well as lifting the growth of the emergency lighting market.
However, the high capital investment and operational cost, lack of standardization and various design-related issues are expected to act as the major limitations for the growth of emergency lighting in the above mentioned forecasted period, whereas the rapid rise in testing cost can challenge the emergency lighting market growth in the forecast period of 2021 to 2028.
Likewise, the high adoption of better safety standards and incorporation of smart technologies in lighting industry are expected to create various new opportunities that will lead to the growth of the emergency lighting market in the above mentioned forecasted period.
This emergency lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the emergency lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Emergency Lighting Market Scope and Market Size
The emergency lighting market is segmented on the basis of offering, power system, battery type, light source and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the emergency lighting market is segmented into hardware, software and services. Hardware has further been segmented into lights and luminaires, control systems and exit signs. Services have further been segmented into pre-installation services and post-installation services.
- Based on power system, the emergency lighting market is segmented into self-contained power system, central power system and hybrid power system.
- On the basis of battery type, the emergency lighting market is segmented into Ni–CD, NI–MH, LiFepo4 and lead–acid.
- The emergency lighting market is segmented on the basis of light source into fluorescent lighting, light - emitting diode (LED) and incandescent, induction and others. Light - emitting diode (LED) has further been segmented into high-brightness LED and miniature LED. Others have further been segmented into hid, cold cathode and halogen lamp.
- The application segment of the emergency lighting market is segmented into residential, commercial, industrial and others. Commercial has further been segmented into office lighting, retail malls and hospitality. Others have further been segmented into railways, aircraft and ships.
Emergency Lighting Market Country Level Analysis
The emergency lighting market is analyzed and market size, volume information is provided by country, offering, power system, battery type, light source and application as referenced above.
The countries covered in the emergency lighting market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the emergency lighting market because of the high demand for emergency lighting in commercial, residential and industrial sector. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to rise in adoption of emergency lighting in developing countries and increase in focus on real estate project.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Emergency Lighting Market Share Analysis
The emergency lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to emergency lighting market.
The major players covered in the emergency lighting market report are Cree Lighting, Koninklijke Philips N.V., Hubbell, GENERAL ELECTRIC COMPANY, OSRAM Opto Semiconductors GmbH, ACUITY BRANDS LIGHTING, INC., Panasonic Corporation, Eaton, Luminous India, Orient Electric, Legero Lighting India Pvt Ltd., Schneider Electric, Signify Holding, Zumtobel Group, EVERLIGHT, Hinkley, Inc., IKIO LED LIGHTING, Bajaj Electricals Ltd., Artcraft Lighting and Whitecroft Lighting among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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