Emergency Lighting Market Expected to Achieve 7.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Emergency Lighting Market Size By 2025?
The size of the emergency lighting market has seen significant expansion in the past few years. The market, which is expected to increase from $6.74 billion in 2024 to $7.17 billion in 2025, anticipates a compound annual growth rate (CAGR) of 6.4%. Factors such as safety regulations, progress in urbanization and infrastructure, power breakdowns, fire safety laws, and the need for resilience and disaster readiness have contributed to the growth experienced in the historical period.

How Big Is the Emergency Lighting Market Size Expected to Grow by 2029?
The market size for emergency lighting is predicted to experience substantial expansion in the coming years. Its value is projected to reach $9.63 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%. The expected growth during the forecast period can be ascribed to elements such as the adoption of green building techniques, integration of Internet of Things (IoT), advanced intelligent building solutions, resilience, and disaster readiness, as well as the implementation of adaptive lighting. Key trends forecasted for this period encompass technological progress, improvements in battery technology, the acceptance of LED technology, centralized monitoring and control, in addition to sustainability and energy efficiency.

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Which Key Market Drivers Powering Emergency Lighting Market Expansion and Growth?
The upward trajectory of the construction industry is predicted to fuel the expansion of the emergency lighting market in the future. There is a necessity for emergency lighting at building sites to guarantee worker safety as such locales often feature construction materials, electrical panels, portable equipment, and various obstructions hindering swift evacuations during emergencies. For instance, the Indian Ministry of Statistics and Programme Implementation foresees a double-digit growth in the construction sector for 2022, at a rate of 10.7%. Consequently, the surge in the construction industry contributes to the escalation of the emergency lighting market.

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Which Fast-Growing Trends Are Poised to Disrupt the Emergency Lighting Market?
In order to maintain a competitive advantage in the emergency lighting market, major businesses are concentrating on developing and launching next-generation solutions. These new advancements aim to enhance the efficiency and effectiveness of emergency lighting systems. For instance, Hochiki, a firm based in Japan famous for its fire detection and emergency lighting products, unveiled the FIREscape Nepto in March 2023. This is the ensuing generation of emergency lighting systems. Just like its predecessor, the FIREscape Nepto fulfills the BS 5266 requirements and it operates on an addressable emergency lighting control panel that contains standalone, addressable LED luminaires and exit signs that utilize an exceptionally low operating voltage. This new system also offers backward compatibility with previous panels and devices from the earlier FIREscape series, ensuring a smooth transition. Unlike systems powered by a centralized battery or mains, the FIREscape Nepto has the capability to perform self-tests and self-monitor continuously, resulting in a quick, straightforward, and cost-effective installation and maintenance process.

What Are the Emerging 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 Global Leaders 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

Which are the Top Profitable Regional Markets for the Emergency Lighting Industry?
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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