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Expanding Construction Industry Augmenting the Emergency Lighting Market Progress

08-22-2019 11:26 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Expanding Construction Industry Augmenting the Emergency

The increasing number of construction projects, and technological improvement in the lighting sector are driving the growth of the emergency lighting market.

The market is predicted to attain a size of $7.4 billion by 2024, progressing at a CAGR of 7.6% during the forecast period (2019–2024), according to P&S Intelligence. 

An emergency lights is a battery-backed device that starts automatically during a power cut in a building. These lights are widely used in commercial and residential buildings, such as college dormitories.

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The emergency lighting market includes three categories based on the power system, viz. self-contained, hybrid, and central. Out of these, in 2018, self-contained power systems led the market and are predicted to do so during the forecast period as well.

Now on the basis of application, the emergency lighting market is classified into commercial, industrial, residential, and others.

Among these, the residential classification is expected to witness the fastest growth during the forecast period. This is mainly attributed to the rapid construction of houses, especially in the Asia-Pacific (APAC) and Middle East and Africa (MEA) regions. 

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Countries such as Qatar, the U.A.E, and Brazil are making it compulsory to install these systems in buildings, thereby fueling the demand for emergency lighting. Hence, the increasing number of construction projects in different regions are escalating the market growth.

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)

Read more related reports :

APAC Emergency Lighting Market :  http://bit.ly/2ZFMsgB

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P&S Intelligence
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International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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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