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Emergency Lighting Market In-depth Competitive Landscape Analysis, Industry Growth Study, Global Forecast by 2023 having Players: OSRAM, Hubbell Incorporated, Eaton, Signify Technologies, Syska LED, Schneider Electric & Larson Electronics
The emergency lighting market is expected to reach $7.4 billion by 2024. The growth in the market would be attributed to growing number of construction projects, globally as well as technological advancements in the lighting industry.Request Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/emergency-lighting-market/report-sample
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.
Based on battery type, global emergency lighting market is segmented into nickel-cadmium (Ni-Cd), nickel-metal hydride (Ni-MH), lithium-ion (Li-ion), and Lead-acid. Among these, Li-ion battery category held largest share in the market, accounting for an estimated share of around 39% in 2018. Further, it is expected to register fastest CAGR during the forecast period.
Additionally, there is an increase in use of self-diagnostic systems in emergency lighting applications. The self-diagnostic systems perform a self-diagnostic function that analyzes the performance of light units, verify its operation and send alerts to the respective department regarding problems.
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.
Read summary of report here :: https://www.psmarketresearch.com/market-analysis/emergency-lighting-market/
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.
Emergency Lighting Market Segmentation
Market Segmentation by Power System
• Self-Contained
• Central
• Hybrid
Market Segmentation by Battery Type
• Nickel-cadmium (Ni-Cd)
• Nickel-metal hydride (Ni-MH)
• Lithium-ion (Li-ion)
• Lead-Acid
Market Segmentation by Light Source
• Fluorescent
• Light Emitting Diode (LED)
• Incandescent
• Induction
• Others (High Intensity Discharge (HID), Cold Cathode and Halogen Lamps)
Market Segmentation by Offering
• Hardware
• Software
• Services
Read More Related Reports :
APAC Emergency Lighting Market : https://www.psmarketresearch.com/market-analysis/apac-emergency-lighting-market
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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