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Future of the Emergency Lighting Market: Trends, Innovations, and Key Forecasts Through 2034
Emergency Lighting
Emergency Lighting Market Size Growth Forecast: What to Expect by 2025?
The size of the emergency lighting market has seen substantial growth recently. It is predicted to expand from $6.74 billion in 2024 to $7.23 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.3%. Factors such as safety regulations, the pace of urbanization and infrastructure developments, frequent power outages, fire safety laws, resilience and disaster readiness have contributed towards the historical growth of this market.
How Will the Emergency Lighting Market Size Evolve and Grow by 2029?
In the coming years, the emergency lighting market is anticipated to witness substantial growth, escalating to a value of $9.85 billion in 2029 with an 8.0% compound annual growth rate (CAGR). The growth during the projection period can be linked to factors such as green building methods, integration of IoT, smart building strategies, disaster resilience, and adaptive lighting. The period is also expected to see major trends like advancements in technology and battery technology, increased adoption of LED technology, centralized monitoring and control, and enhanced sustainability and energy efficiency.
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What Drivers Are Propelling the Growth of Emergency Lighting Market Forward?
The surge in the construction industry is projected to turbocharge the evolution of the emergency lighting market in the future. The necessity for emergency lighting on construction sites is paramount for the protection of construction laborers. This is due to the fact that they often deal with building resources, electric panels, easily movable tools, and various barriers along the evacuation track, which hinder swift escape in a crisis situation. For instance, the Indian Ministry of Statistics and Programme Implementation anticipates that the construction industry will experience a significant spike of 10.7% in 2022. Hence, the progression in the construction industry is instigating the escalation of the emergency lighting market.
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Which Emerging Trends Are Transforming the Emergency Lighting Market in 2025?
Prominent firms in the emergency lighting market are prioritizing the development of innovative, next-generation solutions to maintain their market competitiveness. These advanced emergency lighting solutions are designed to enhance the effectiveness and efficiency of these systems. For instance, in March 2023, Hochiki, a Japan-based fire detection and emergency lighting product manufacturer, introduced the FIREscape Nepto, the advanced version of emergency lighting systems. This system, like its predecessor, adheres to BS 5266 standards, utilizing an addressable emergency lighting control panel with independent LED luminaires and exit signs that function at a remarkably low operating voltage. The updated system is also backward compatible with earlier FIREscape series panels and devices, thus ensuring project consistency. Unlike centrally powered or mains-powered systems, the FIREscape Nepto is capable of conducting regular self-checks and self-monitoring, which simplifies and reduces the cost of the system's installation and maintenance.
What Are the Key Segments in the Emergency Lighting Market?
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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Who Are the Key Players Shaping the Emergency Lighting Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Emergency Lighting Market?
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.
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