Press release
Emergency Lighting Market Drivers, Restraints, Opportunities, and Trends in Coming Years
Get the Free Sample Pages: https://www.psmarketresearch.com/market-analysis/emergency-lighting-market/report-sample
The declining prices of LEDs, owing to the continuous technological developments, will therefore help the emergency lighting market advance at a CAGR of 6.4% during 2021–2030. The market revenue stood at $5,386.0 million in 2020 and it is projected to reach $9,993.4 million by 2030. LED emergency lights are being increasingly used in residential, commercial, and industrial facilities to reduce energy consumption and maintenance costs. Owing to this reason, light manufacturing companies are focusing on expanding their LED emergency light portfolio.
At present, emergency light manufacturers are largely focusing on launching new and improved products to offer better alternatives to customers. For instance, in April 2019, Legrand SA introduced a new range of self-contained emergency lighting units, which are ideal for commercial facilities, especially offices. Likewise, in April 2020, ABB Ltd. introduced the Naveo Pro system, which enables users to check and keep a tab on the maintenance requirements of their systems.
Make Enquiry Before Purchase : https://www.psmarketresearch.com/send-enquiry?enquiry-url=emergency-lighting-market
According to P&S Intelligence, North America dominated the emergency lighting market in the recent past, due to the rising construction of residential and commercial buildings in the U.S. and the escalating focus of the U.S. government on adopting energy-efficiency lighting systems. For instance, the Energy Independence and Security Act enacted by the U.S. government encourages the adoption of energy-efficient lighting solutions, such as general service LED lamps, compact fluorescent lamps (CFLs), and organic light-emitting diode (OLED) lamps.
Whereas, the APAC region is expected to adopt emergency lights at the highest rate in the foreseeable future. This can be ascribed to the soaring popularity of smart homes, surging implementation of supportive government policies regarding the adoption of LED lighting solutions in Japan and India, and the launch of government initiatives for developing smart cities in Thailand, India, South Korea, and China. Besides, the mounting infrastructure expenditure in China and India will also augment the installation of emergency lighting systems in the region in the forthcoming years.
Therefore, the surging technological developments being made in the lighting industry and declining LED costs will fuel the adoption of energy-efficient emergency lights in the foreseeable future.
About Us:
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.
Contact Us:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emergency Lighting Market Drivers, Restraints, Opportunities, and Trends in Coming Years here
News-ID: 2414635 • Views: …
More Releases from P&S Intelligence
Remote Access Provided by Cloud Category Fuels Call Center AI Market
In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media.
In order to pace up the 4th industrial revolution, businesses across various industries…
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Marke …
The total value of the customer engagement solutions market was $18,186.8 million in 2021, and it will rise at a growth rate of above 10% in the near future, to reach $43,398.9 million by 2030. The major reasons behind the growth of this industry are growing usage of such solutions in serval industries like healthcare, telecommunications, BFSI and FMCG.
North America will grow the fastest with a rate of 10.5% in…
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Marke …
The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use.
Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls…
North America, the Largest Revenue Producer in Public Safety and Security Market
The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities…
More Releases for LED
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
Global LED Drivers Market 2017 Trends By Product(Buck-Boost LED Drivers, Multito …
Scope Of Global LED Drivers Market Research Report 2017
Global LED Drivers Market Report Based On Defination, Status and Forecast 2022 contains a market overview of the industry which talks about market Application, production, Consumption, revenue, Gross margin, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics.
Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=489550
This report studies the global LED Drivers market, analyzes and…
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on…
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022).
Description
The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED…
