Global Emergency Lighting Market Overview And Prospects – Includes Emergency Lighting Market Growth
Learn about the global emergency lighting market through The Business Research Company, which provides information on emergency lighting market size, emergency lighting market drivers and restraints, emergency lighting market players, the COVID-19 impact on the emergency lighting market, and more.
The global emergency lighting market size is expected to grow from $5.19 billion in 2021 to $5.76 billion in 2022 at a compound annual growth rate (CAGR) of 11.1%. The global emergency lighting market size is expected to reach $7.77 billion in 2026 at a CAGR of 7.7%.
The growth in the construction sector is expected to propel the growth of the emergency lighting market going forward.
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The emergency lighting market consists of sales of emergency lighting by entities (organizations, sole traders, and partnerships) that are designed to activate when a power outage creates low-visibility conditions. It allows the safe, rapid, and effective evacuation of places and buildings not only in the event of a power loss but even when the main lighting is still accessible. Emergency lighting lowers panic and saves lives by providing critical illumination and directing occupants to safe locations and safety equipment.
Global Emergency Lighting Market Segments Include:
By Power System: Self-Contained, Central, Hybrid
By Offering: Hardware, Software, Services
By Battery: Ni-Cd, Ni-MH, LiFePO4, Lead-Acid
By End-User: Residential, Commercial, Industrial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the emergency lighting market in 2021
Technological advancements are a key trend gaining popularity in the emergency lighting market. Major players in the market are focusing on developing technologically advanced products to lead the market.
Major Market Players: Acuity Brands Inc., Syska, Eaton Corporation PLC, Hubbell Lighting Inc, Legrand, Osram Licht AG, Philips Lighting Holding BV, Schneider Electric SE, Zumtobel Group, Daisalux, Emerson Electric Co., Larson Electronics LLC, ABB Ltd., Digital Lumens, and Cooper Industries.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Emergency Lighting Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides emergency lighting market overviews, analyzes and forecasts market size, share, emergency lighting market players, emergency lighting market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s emergency lighting market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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