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Emergency Lighting Market Global Outlook 2023, Growth Opportunities And Forecast Analysis 2023-2032 | Acuity Brands Inc., Syska, Eaton Corporation PLC, Hubbell Lighting Inc., Legrand
Emergency Lighting Market
As per the Emergency Lighting Market report by The Business Research Company, the growth in the construction sector is expected to propel the growth of the emergency lighting market going forward. Emergency lighting is required on construction sites to ensure the safety of the construction workers because, construction sites often have construction materials, electrical switchboards, portable equipment, and other obstructions in the way of evacuation routes that obstruct quick evacuation during an emergency.
The global emergency lighting market size grew from $5.82 billion in 2022 to $6.47 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The emergency lighting market size is expected to grow to $8.89 billion in 2027 at a CAGR of 8.3%.
Read More On The Emergency Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/report/emergency-lighting-global-market-report
Major competitors in the Emergency Lighting Market include Acuity Brands Inc., Syska, Eaton Corporation PLC, Hubbell Lighting Inc., Legrand, Osram Licht AG, Philips Lighting Holding BV, Schneider Electric SE, Zumtobel Group, Daisalux, Emerson Electric Co., Larson Electronics LLC, ABB Ltd., Digital Lumens, and Cooper Industries.
The Emergency Lighting Market is segmented -
By Power System: Self-Contained, Central, Hybrid
By Offering: Hardware, Software, Services
By Battery: Ni-Cd, Ni-MH, LiFePO4, Lead-Acid
By End-User: Residential, Commercial, Industrial, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Emergency Lighting Market.
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The emergency lighting are designed to activate when a power outage creates low-visibility conditions. It allows the safe, rapid, and effective evacuation of places and buildings not only in the event of a power loss but even when the main lighting is still accessible. Emergency lighting lowers panic and saves lives by providing critical illumination and directing occupants to safe locations and safety equipment
The Table Of Content For The Emergency Lighting Market Include:
1. Executive Summary
2. Emergency Lighting Market Characteristics
3. Emergency Lighting Market Trends And Strategies
4. Emergency Lighting Market - Macro Economic Scenario
5. Emergency Lighting Market Size And Growth
……
27. Emergency Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Emergency Lighting Market
29. Emergency Lighting Market Future Outlook and Potential Analysis
30. Appendix
The "Global Emergency Lighting Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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