Press release
Emergency Lighting Market is expected to grow at approximately USD 7 Billion by 2023, at 6% of CAGR
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 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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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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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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