Emergency Lighting Battery Market Shows Boosted Growth Rate in Forecast to 2026

Emergency lighting is a battery operated lighting system that turns on automatically for the duration of power outage and give illumination of a sufficiently high level in order to enable the means of escape that can be effectively identified and safely used by occupants of the building. Emergency lights consists of one or more incandescent bulbs or one or more clusters of high-intensity light-emitting diodes (LED). These emergency lights are of two types; maintained and sustained. Maintained luminaires are permanently illuminated, and remain illuminated when power fails. Sustained luminaires turn on automatically when the power fails.

Download PDF Copy of this Business Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1766

Market Dynamics

Increasing adoption of safety regulations by governments is expected to create conducive environment for growth of the global emergency lighting market, as new buildings are required to be equipped with emergency lights as per the new standards. For instance, National Fire Protection Association (NFPA), code number 101 sets standard facility requirements for protecting people from smoke, fires, and noxious fumes. Moreover, NFPA 110 and NFPA 111 set standards for the backup power supply needed for electrical failures from fires and other catastrophes. These factors are expected to further accelerate growth of emergency lighting batteries market.

However, initial cost of emergency lighting products is one of the major factor hindering the global market growth, as the price for LED lights per lumen is more expensive than conventional lights. Moreover, LED light’s performance largely depends on correctly engineering the fixture to manage the heat generated by the LED, which causes deterioration of the LED chip itself. LED lights may cause overheating, which is eventually leads to device failure. Hence, to maintain life of LED lights as well as the device, an additional heat-sink is required. Therefore, consumers need to spend extra along with lighting cost and battery cost, which is making these emergency lights expensive, in turn negatively affecting growth of the market.

Key features of the study:

This report provides in-depth analysis of emergency lighting battery market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global emergency lighting battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, emergency lighting battery market capital, key developments, strategies, and future plans
Companies covered as part of this study include 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, and Osram Licht AG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global emergency lighting battery market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global emergency lighting battery market

Ask for Discount before Buying @ https://www.coherentmarketinsights.com/insight/request-discount/1766

Detailed Segmentation:

Global Emergency Lighting Battery Market, By Battery Type:

NiCd battery
NiMH battery
Li-ion battery
Lead-acid battery
Global Emergency Lighting Battery Market, By Lighting Source:

LED
Incandescent
Others
Global Emergency Lighting Battery Market, By Application:

Residential
Commercial
Industrial

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.