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Emergency Lighting Market 2019-2023 Outlook With Opportunities and Major Players - OSRAM, Hubbell Incorporated, Eaton - Lighting, Signify, Syska LED, Zumtobel Group, Acuity Brands, Schneider Electric and Legrand
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Based on light source, emergency lighting market is categorized into fluorescent, light emitting diode (LED), incandescent, induction, and others; wherein ‘others’ include high intensity discharge (HID), cold cathode and halogen lamps. Among these, LED light category held largest share in the market, accounting an estimated share of over 40% in market in 2018.
Technological advancements in lighting industry is one of the key drivers positively impacting emergency lighting market growth. Technological advancement is necessary for sustainability of any technology. The companies involved in manufacturing emergency lights are investing heavily on research & development (R&D) to enhance the performance and life span of emergency lighting products.
North America is the largest market for emergency lighting, contributing over 30% to the global emergency lighting market in 2018. This is attributed to rise in construction of commercial and residential buildings in the U.S., increasing focus of the U.S. government on energy efficient lighting in buildings, and strict safety norms toward the installation of emergency lights in commercial buildings in the country.
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Some of the key players operating in the emergency lighting market are Osram Licht AG, Hubbell Incorporated, Eaton Corporation plc, Signify Holding, Syska LED Lights Pvt Ltd., Zumtobel Group AG, Acuity Brand Inc., Schneider Electric SE, Legrand S.A., Daisalux S.A.U., and Larson Electronics LLC.
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