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2023 Emergency Lighting Market Report: Rising Impressive Business Opportunities Analysis
Emergency Lighting Market
The Business Research Company's Emergency Lighting Global Market Report 2023 identifies construction sector as the major driver for the Emergency Lighting market's growth in the forecast period. 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%.
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Major competitors in the Emergency Lighting market are 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
A key trend in the Emergency Lighting market includes technological advancement. Major players in the market are focusing on developing technologically advanced products to lead the market.
Read More On The Global Emergency Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/report/emergency-lighting-global-market-report
The Emergency Lighting market is segmented -
1) By Power System: Self-Contained, Central, Hybrid
2) By Offering: Hardware, Software, Services
3) By Battery: Ni-Cd, Ni-MH, LiFePO4, Lead-Acid
4) 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.
The Business Research Company's "Global Emergency Lighting Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
......
26. Africa Emergency Lighting Market
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
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