Emergency Lighting Battery Market: Top Global Players Competition with Production, Consumption, Revenue and Gross Margin by 2026

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

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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.

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.

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.

Increasing number of construction activities is driving global emergency lighting battery market growth

Increasing initiatives for development of smart city and connected infrastructure by various governments has resulted in adoption of advanced lighting technologies such as LED lights in buildings. For instance, according to a white paper by Technology that was sponsored by United Parcel Services and Consumer Technology Association, globally smart city initiatives increased to over 235 in 2016, which is increase of over 38% in comparison to 2013. Increasing number of infrastructural activities is expected to create a conducive environment for growth of the emergency lighting market through 2026, as emergency lights enables all emergency and exit lighting required for commercial, retail, industrial, or office building, even during power outage. Emergency lights are used for assisting people to exit buildings during fire or natural disasters.

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

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This release was published on openPR.