Press release
Emergency Lighting Market : Key To Drive Bussiness Intelligence Towards 2023
Emergency lighting is defined as lighting that automatically switches on when there is no source of power supply and if any normal illumination fails. Now a days most of the newly constructed buildings have emergency light installed in it during construction.
The declining average selling price of light emitting diode is one of the significant factor driving market growth. By light source segment, LED accounts for highest market share, owing to energy efficient and longer life cycle. The study indicates the market of incandescent light source is declining due to less energy efficient characteristics and is most widely used in residential building. By battery segment, liFePO4 is expected to account for highest market share owing to dynamic characteristics it possess that includes light weight, small volume, high temperature resistant and long life span is the prime factors driving market growth.
The emergency lighting market is segmented on the basis of components, power system, battery, light source and application. The power system segmentation includes self-contained, central and hybrid. Self-contained emergency lighting are used in small buildings with low number of lighting points. They can be operated in either maintained or non-maintained mode. Maintained mode is generally employed in places of assembly that includes clubs, cinemas and theater. Maintained emergency lights are lit all the time. The light used in maintained mode is generally dimmed in crowded premise and it prevents total darkness.
The emergency lighting market is expected to grow at approximately USD 7 Billion by 2023, at 6% of CAGR between 2017 and 2023.
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Major Key Players:
Philips Lighting Holding B.V. (Netherlands),
Hubbell Lighting Inc. (U.S.),
Cooper Industries (Ireland),
Schneider Electric SE (France),
Emerson (US),
Legrand S.A. (France),
Acuity Brands (U.S.),
Beghelli S.p.A. (Italy),
Daisalux (Spain),
Zumtobel Group (Austria),
Segments:
Emergency lighting market for segment on the basis of components, power system, battery, light source and application.
Emergency Lighting Market by Components:
Hardware
Software
Services
Emergency Lighting Market by Power System:
Self-Contained
Central
Hybrid
Emergency Lighting Market by Battery:
Ni–Cd
Ni–MH
LiFePO4
Lead–Acid
Emergency Lighting Market by Light Source:
Fluorescent
LED
Incandescent
Induction
Others
Emergency Lighting Market by Application:
Residential
Commercial
Industrial
Others
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Regional Analysis:
The regional analysis of emergency lighting market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. The increasing demand for emergency lighting in commercial, residential and industrial sector is driving the market in North America region. North America region is expected to dominate the emergency lighting market throughout the forecast period. Asia‐Pacific region is expected to grow at the highest CAGR due to high adoption of emergency lighting in developing countries and increasing focus on real estate project is driving the market in the region.
Intended Audience
Investors and consultants
System Integrators
Government Organizations
Research/Consultancy firms
Technology solution providers
IT Solution Providers
Original Equipment Manufactures
Emergency Lighting Manufacturers
Emergency Lighting Software Manufacturers
Residential end-users
Commercial end-users
Industrial end-users
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