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What are Latest Technological Trends in Emergency Lighting Market? Key Players are COsram Licht AG, Hubbell Incorporated, Eaton Corporation plc, Signify Holding, Syska LED Lights Pvt Ltdompanies are
The number of construction projects across the world are increasing as governments of various countries are focusing on the development of world class infrastructure in order to attract investors in their countries. Several developing and developed countries have made announcements regarding the development of smart cities.
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Key players operating in the emergency lighting market are-
1. Osram Licht AG
2. Hubbell Incorporated
3. Eaton Corporation plc
4. Signify Holding
5. Syska LED Lights Pvt Ltd.
6. Zumtobel Group AG
7. Acuity Brand Inc.
8. Schneider Electric SE
9. Legrand S.A.
10. Daisalux S.A.U
Emergency lighting is a battery backed lighting device which activates automatically in case of a power outage in a building. As per a report by P&S Intelligence, the global emergency lighting market is projected to generate a revenue of $7.4 billion by 2024, advancing at a 7.6% CAGR during the forecast period (2019–2024).
Hybrid, self-contained, and central are three types of emergency lighting power systems.
Among these, the largest demand during 2014–2018 was created for self-contained power systems, which are expected to be the most in demand in the near future as well. This is because these power systems are cost-effective and take less time for installation.
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The intensity of competition among the players in the emergency lighting market is moderate. In recent years, mergers and acquisitions and product launches have been the key activities in the sector.
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
Market Segmentation by Application
Industrial
Commercial
Residential
Others (Railway station, Airports and Ship yards)
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For instance, in the recent past, Larson Electronic LLC launched several products to improve its portfolio. On the other hand, companies such as FW Thorpe plc and Acuity Brand Inc. entered into mergers and acquisitions to increase their sales in different regions.
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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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