Emergency Lighting Market Key Dynamics, Future Trends, Industry Analysis and Forecast by 2027

An emergency lighting is a standalone backup system that does not depend on the general electric distribution system. Emergency Lighting is also known as battery-backed lighting device. It operates automatically when any building or apartment experiences power failure. The purpose of having these lights in commercial or high occupancy residential buildings such as apartments, hotels, and dormitories is to ensure continuous supply of power in case of power failure and to protect the people from danger in the event of an emergency. Emergency lighting is widely adopted in various applications such as theatre, entertainment halls, corridors, aisles, escalators, and others for security.

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The emergency lighting market is projected to showcase moderate growth in coming years, owing to rapid advancements in technology related to lighting. Further, increase in industrialization in urban areas and rise in demand for emergency lighting owing to reliability on operation proficiency functionalities. This facilitates manufacturing vendors to focus on R&D to enhance the performance, and life span of emergency lighting products. Moreover, incorporation of LEDs and increase in automation technological advancements help in analyzing the performance of light units, verify the operations, and send alerts regarding problems to respective departments, which itself propels the demand for the emergency lighting market.

Factors such as increase in use of self-diagnostic system in manufacturing industries, surge in use of nickel metal hydride (NIMH) batteries for lightings, and rise in adoption of energy efficient lighting products are the major key drivers of the market. However, high installation and operational cost hamper the emergency lighting market growth. Furthermore, Integration of IoT technology in emergency lightings and rise in adoption of LEDs in many areas owing to higher energy efficiency than fluorescent bulbs such as aircrafts, railways, commercial and industrial creates lucrative opportunities for the market to flourish across the globe.

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The emergency lighting market is segmented into light source, application, and region. Based on light source, it is segregated into LED, incandescent, fluorescent and others. Based on application, the market is categorized into residential, commercial, industrial, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Various market players are adopting several strategies to enhance their business capabilities in the global emergency lighting market share. For instance, Teknoware, a leading manufacturer of emergency lighting products, has introduced advanced technological innovations in ships, buildings, and other locations. It developed a product named "emergency exit lights", which contained self-battery, designed to operate centrally from all the locations and provides high performance. In addition, IOTA Engineering, L.L.C., a well-known player in the lighting industry is famous for employing emergency lighting in commercial and institutional sectors. It manufactured "LED emergency drivers" that are compact in size and self-diagnostic.

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Key Players profiled in the emergency lighting market includes Hubbell Lighting Inc., Philips Lighting Holding B.V., Legrand S.A., Schneider Electric SE, Cooper Industries, OSRAM Licht AG, Emerson Electric, Arrow Emergency Lighting Limited, Taurac, and Digital Lumens. These companies focus on R&D and strategies, which encourage expansion, collaboration, and development with other firms and helps in increasing revenue and expanding product offerings in the standardized form.

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