Press release
Top Players and Market Competition in the Emergency Lighting Industry
Emergency Lighting Market
Projected Growth Trajectory of the Emergency Lighting Market
The emergency lighting market is expected to experience robust growth, reaching a valuation of $10.34 billion by 2030. This represents a compound annual growth rate (CAGR) of 7.6%. Several factors contribute to this surge, including the rise of AI and IoT-enabled emergency lighting systems, the widespread adoption of energy-efficient LED emergency solutions, and the development of smart hybrid lighting technologies. Additionally, increased implementation of automated monitoring and control systems, along with the growing use of connected emergency lighting networks, are key drivers supporting this upward trend. Key market trends during this period include the integration of intelligent emergency lighting systems, expanded use of IoT-connected controls, AI-based emergency management software, hybrid lighting solutions, and energy-saving LED technology.
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Leading Firms Shaping the Emergency Lighting Market
The emergency lighting industry is dominated by several prominent companies known for their innovation and market reach. These 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, and WISKA Hoppmann GmbH.
Notably, in February 2024, Myers Emergency Power Systems, a US-based emergency lighting system designer and manufacturer, acquired Storage Power Solutions (SPS), a Canadian provider of energy storage systems known for their efficiency and reliability. This acquisition reinforces Myers EPS's market position and commitment to innovation and sustainable energy technologies.
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Emerging Innovations and Next-Generation Solutions in Emergency Lighting
Key players in the emergency lighting landscape are focusing on developing next-generation products that enhance system performance and efficiency. These advanced solutions aim to improve reliability while reducing installation and maintenance costs. For example, in March 2023, Japanese manufacturer Hochiki introduced FIREscape Nepto, a new generation of emergency lighting systems. Building upon its predecessor, FIREscape Nepto complies with BS 5266 standards and features an addressable control panel with standalone LED luminaires and exit signs operating at very low voltages. The system is backward compatible with earlier FIREscape components, ensuring seamless project continuity. Unlike traditional centralized battery or mains-powered emergency lighting, FIREscape Nepto boasts continuous self-testing and monitoring capabilities, simplifying installation and cutting maintenance expenses.
Segment Breakdown of the Global Emergency Lighting Market
This report divides the emergency lighting market into several key segments for a detailed understanding:
1) Power System: Self-Contained, Central, Hybrid
2) Offering: Hardware, Software, Services
3) Battery Type: Ni-Cd, Ni-MH, LiFePO4, Lead-Acid
4) End User: Residential, Commercial, Industrial, Other End-Users
Further subcategories include:
- Self-Contained Systems: Battery-Powered Emergency Lights, LED Emergency Exit Signs, Self-Contained Emergency Ballasts
- Central Systems: Central Battery Systems, Centralized Emergency Lighting Controls, Remote Lighting Units
- Hybrid Systems: Hybrid Emergency Lighting Systems, Smart Hybrid Lighting Solutions, Modular Hybrid Emergency Lights
This segmentation provides a comprehensive view of the market's scope, highlighting diverse product types and usage scenarios across various regions.
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