Global Emergency Lighting Market to Reach $9.85 Billion by 2029, Growing at 8% CAGR

Which drivers are expected to have the greatest impact on the over the emergency lighting market's growth?
The expansion of the construction industry is predicted to spur the development of the emergency lighting market in the future. For the safety of construction workers, emergency lighting is a necessity at construction sites. This is because construction sites frequently have obstructions such as construction materials, electrical panels, portable equipment, and other impediments in evacuation routes that inhibit speedy evacuation during crises. As the Indian Ministry of Statistics and Programme Implementation revealed, the construction sector is projected to experience a double-digit growth rate of 10.7% in 2022. Therefore, the growth of the construction sector directly influences the expansion of the emergency lighting market.

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What is the future CAGR of the emergency lighting market, and how will it impact industry expansion?
The market size of emergency lighting has seen substantial growth in the previous years. The market is forecasted to expand from $6.74 billion in 2024 and escalate to $7.23 billion in 2025, translating to a compound annual growth rate (CAGR) of 7.3%. The historical rise can be credited to the implementation of safety norms, urbanization and infrastructure development, electricity failures, fire safety standards, and strategies for disaster management and resilience.

The market size for emergency lighting is predicted to experience a sizable expansion in the upcoming years. Its projected growth is to reach a value of $9.85 billion by 2029 with a compound annual growth rate (CAGR) of 8.0%. Factors such as the implementation of green building methods, integration of internet of things (iot), smart building initiatives, disaster readiness, and adaptive lighting, contribute to this increase during the forecast period. Within this period, ongoing trends such as technological progression, evolution in battery technology, embracing LED technology, centralized monitoring and control, along with sustainability and energy efficiency are anticipated as well.

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What are the most significant trends transforming the emergency lighting market today?
In an attempt to secure a competitive position, many of the key players in the emergency lighting market are turning their attention to next-generation solutions. These innovative offerings are designed to enhance the function and efficiency of emergency lighting systems. For example, in March 2023, Hochiki, a Japanese company that manufactures fire detection and emergency lighting goods, unveiled FIREscape Nepto - a next-level emergency lighting system. Like its predecessor, FIREscape Nepto fulfills the BS 5266 standards and features an addressable emergency lighting control panel, as well as autonomous LED luminaires and exit signs that work with an exceptionally low operating voltage. This new system is also able to work with the existing panels and devices from the previous FIREscape series, guaranteeing project continuity. Unlike systems powered by centralized batteries or main power, FIREscape Nepto has the capacity to self-test and self-monitor intelligently, making the installation, upkeep, and running costs of this new system more cost-effective and convenient.

Which key market segments comprise the emergency lighting market and drive its revenue growth?
The emergency lighting market covered in this report 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

Subsegments:
1) By Self-Contained: Battery-Powered Emergency Lights, LED Emergency Exit Signs, Self-Contained Emergency Ballasts
2) By Central: Central Battery Systems, Centralized Emergency Lighting Controls, Remote Lighting Units
3) By Hybrid: Hybrid Emergency Lighting Systems, Smart Hybrid Lighting Solutions, Modular Hybrid Emergency Lights

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What regions are at the forefront of emergency lighting market expansion?
North America was the largest region in the emergency lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the emergency lighting market during the forecast period. The regions covered in the emergency lighting market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the leading players fueling growth in the emergency lighting market?
Major companies operating in the emergency lighting market include Acuity Brands Inc., Syska LED Lights Private Limited, Eaton Corporation plc, Hubbell Incorporated, Legrand Group, OSRAM Licht AG, Signify Holding, Schneider Electric SE, Zumtobel Group AG, Daisalux S.A.U., Larson Electronics LLC, ABB Group, Beghelli S.p.A., Fagerhult AB, Glamox AS, HADLER GmbH, Herbert Waldmann GmbH & Co. KG, iGuzzini illuminazione S.p.A., LIGMAN Lighting Co. Ltd., Lumenpulse Group Inc., NVC Lighting Technology Corporation, Opple Lighting Co. Ltd., R. STAHL AG, Raytec Ltd., Safelincs Ltd., SCHRÉDER Group, SITEM S.p.A., Thorlux Lighting, Trilux GmbH & Co. KG, WISKA Hoppmann GmbH

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What Is Covered In The Emergency Lighting Global Market Report?

•Market Size Forecast: Examine the emergency lighting market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the emergency lighting market for a structured understanding.
•Key Players Overview: Analyze major players in the emergency lighting market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the emergency lighting market.
•Segment Contributions: Evaluate how different segments drive overall growth in the emergency lighting market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the emergency lighting market.
•Industry Challenges: Identify potential risks and obstacles affecting the emergency lighting market.
•Competitive Landscape: Review strategic developments in the emergency lighting market, including expansions, agreements, and new product launches.

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