Emergency Light Market In-depth Analysis Report, Covering Companies Like (Philips, Schneider, MPN, Hubbell, Lowe's, Acuity Brands)
Emergency lighting is an electronic lighting technology designed to reduce potential injury in an emergency during a fire, storm or natural disaster. Fluorescent lamps and LEDs are primarily adopted as lighting sources in the emergency lighting industry. Certain laws and regulations of national and local regulatory agencies have led to mandatory use of emergency lights in residential, commercial and industrial applications.
The study projects that the Emergency Light market will register a 7.2% CAGR in terms of revenue, which is expected to reach USD 926 million in 2026 from USD 569 million in 2019.
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Highlight: Key Trends of the Global Emergency Light Market
Emergency Light Market Drivers
l Technological advancements in lighting industry
l Combination of emergency lighting with esthetic lighting
l Declining average selling price of LEDs
l Booming construction industry globally
Emergency Light Market Constraints
l Lack of standardization
l High capital investment and operational cost
l Rapidly rising testing cost
l Design related issues that may hamper the esthetic appeal of buildings
Emergency Light Market Opportunities
l Adoption of better safety standards
l Incorporation of smart technologies in lighting industry
North America– The Largest Regional Market
North America is the largest market for emergency lighting, contributing over 32.99% to the global emergency lighting market in 2018. This is due to the rise of commercial and residential buildings in the United States, where the US government is increasingly concerned about energy efficient lighting in buildings and strict safety regulations to install emergency lights in commercial buildings in this country.
Asia Pacific– Witness the Highest Growth
The Asia-Pacific is projected to witness the highest growth over the forecast period, due to the high industrial and infrastructure development in this region. Various government flagship programs, including the Universal Housing, Urban Renaissance and Transformation Mission (AMRUT), which is manufactured in India and enjoyed by everyone, is expected to drive the development of emergency lighting in the region. More and more government support for LEDs has also driven the demand for LED emergency lighting in this region.
Europe- Grow at a considerable CAGR
Europe is one of the important regions in the global emergency lighting market, owing to the increasing demand in the residential sector. According to the Confederation of Fire Protection Association Europe (CFPAE), lighting to be adopted in emergency lighting should have a luminous intensity of not less than 1 lux on floor surfaces. The growth of the construction sector, especially in countries such as Spain, the U.K., and Germany, is anticipated to present lucrative growth opportunities in the future.
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Leading Company for Driving Industry development
The emergency lighting market seems to be highly competitive. In order to maintain market position and promote market growth, a variety of dynamic and diverse international organizations, domestic organizations and new entrants constitute a competitive landscape. The main players are investing in the latest technology, the most important being the acquisition of other companies. The renowned emergency lighting supplier aims to invest more in technology and R&D activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new emergency lighting modules that match the changing trends and needs globally.
Major manufacturers profiled in the analysis report include Philips, Schneider, Schneider, MPN, Hubbell, Lowe's, Acuity Brands, NVC, Ventilux, Eaton, Zhongshan AKT, Mule, LINERGY, ZFE, Elp, STAHL, Shenzhen Yuanheng, WISKA, LEDtronics, Emerson, and etc.
October, 2016- Philips Lighting has been chosen as a key partner to provide the urban lighting infrastructure. The company is a global leader in Lighting products and services.
NOV, 2015- Eaton has introduced full range of emergency LED lighting for commercial buildings. These lighting are used for the safety purposes in the occupant places. The company has introduced its LED technology which is efficient in case of low energy usage and low maintenance requirements.
June, 2015- Hubbell, a global leader of lighting innovation, has launched its Dual-Lite product which NEMA 4X Dynamo Emergency Light. It also includes LED emergency egress luminaire. It is designed for complex industrial applications.
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Emergency Light Market: Type Outlook
l Self-contained power supply
l Centralized Power Supply
Emergency Light Market: Application Outlook
l Construction industry
l Commercial
l Industrial
l Other
Emergency Light Market: Region Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Emergency Light Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Emergency Light Market by Types
4 Segmentation of Emergency Light Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Emergency Light Market in Major Countries
7 North America Emergency Light Landscape Analysis
8 Europe Emergency Light Landscape Analysis
9 Asia Pacific Emergency Light Landscape Analysis
10 Latin America, Middle East & Africa Emergency Light Landscape Analysis
11 Major Players Profile
11.1 Philips
11.1.1 Philips Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Schneider
11.3 MPN
11.4 Hubbell
11.5 Lowe's
11.6 Acuity Brands
11.7 NVC
11.8 Ventilux
11.9 Eaton
11.10 Zhongshan AKT
11.11 Mule
11.12 LINERGY
11.13 ZFE
11.14 Elp
11.15 STAHL
11.16 Shenzhen Yuanheng
11.17 WISKA
11.18 LEDtronics
11.19 Emerson
…
Key Stakeholders
l Emergency Light manufacturers
l Downstream vendors and end-users
l Traders, distributors, and resellers of Emergency Light
l Emergency Light industry associations and research organizations
l Product managers, Emergency Light industry administrator, C-level executives of the industries
l Market Research and consulting firms
Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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