Osram, Hubbell Incorporated, Eaton - Lighting, Philips Lighting, Syska LED, Daisalux - Emergency Lighting, Schneider Electric and Legrand in the Emergency Lighting Market by 2023

Emergency Lighting Market is projected to reach $7,900 million by 2023, growing at a CAGR of 7.9% during 2017 - 2023. The author estimates that the size of global emergency lighting market is likely to grow from $4.5 billion in 2016 to reach $7.9 billion by 2023, at a CAGR of 7.9% during 2017 – 2023. Booming urbanization gives birth to the inevitable need for solutions that make livelihood safe and secure. Emergency lighting is one such product whose demand is growing considerably, with the up ticking per capita income of the consumers globally. The rapid growth in construction projects can be cited as an instrumental factor for the growth of the market.

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Self-contained emergency lighting has been the largest and fastest growing category in the market. Based on battery used, LiFePO4 based emergency lighting is forecasted to grow at the highest rate. Among the various light sources, LED emergency lights are expected to display the strongest growth during the forecast period.

North America and Europe stands as the major markets in the emergency lighting industry, of which the former has been the key contributor to the global revenue. However, the emergency lighting market is expected to witness the fastest growth in developing regions, wherein Asia-Pacific seems to be the most prospective market. During the forecast period, the market in Latin America and Middle-East & Africa are also expected to grow at a considerable pace.

Some of the major players in the global emergency lighting market include Osram Licht AG, Hubbell Incorporated, Eaton Corporation Plc, Philips Lighting, Syska LED, Daisalux, S.A.U., Zumtobel Group, Acuity Brands,Inc, Schneider Electric SE and Legrand SA.

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GLOBAL EMERGENCY LIGHTING MARKET SEGMENTATION -
By Power System
• Self-Contained
• Central
• Hybrid

By Battery Type
• Ni-Cd
• Ni-MH
• LiFePO4
• Lead-Acid

By Light Source
• Fluorescent
• LED
• Incandescent
• Induction
• Others (High Intensity Discharge, Cold Cathode and Halogen Lamps)

By Offering
• Hardware
• Software
• Services

By Application
• Industrial
• Commercial
• Residential
• Others (Railway, Aircraft and Ship)

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