Global Emergency Lighting Market
Electrical And Electronics Manufacturing

Global Emergency Lighting Market Size, Drivers, Trends, Opportunities And Strategies – Includes Emergency Lighting Market Share

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The growth in the construction sector are expected to drive innovation in emergency lighting manufacturing, thus driving the market during the forecast period.

 

The global emergency lighting market is expected to grow from $5.82 billion in 2022 to $6.47 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The emergency lighting market size is expected to grow to $8.89 billion in 2027 at a CAGR of 8.3%.

 

Get A Free Sample On The Global Emergency Lighting Market Report:
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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, Other End-Users
  • 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 is the largest region in the global emergency lighting market in 2021.

 

Major Market Players in the emergency lighting market include Acuity Brands Inc., Syska, Eaton Corporation PLC, Hubbell Lighting Inc., Legrand, Osram Licht AG, Philips Lighting Holding BV, Schneider Electric SE.

 

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. For instance, in March 2020, ABB Ltd., a Switzerland-based company that manufactures and sells electrification, industrial automation, and robotics launched the Naveo Pro system. This system allows customers to set up, maintain and fully control their entire emergency lighting installation with a new mobile app by providing a real-time overview of all systems, saving time, enabling better maintenance planning, and enhancing building safety by keeping a record of all activities safely in the cloud.

 

The Emergency Lighting Global Market Report 2023  provides a emergency lighting market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The emergency lighting market forecast analyzes emergency lighting market size, emergency lighting market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

The emergency lighting 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.

 

Explore Similar Reports From The Business Research Company:

General Lighting Global Market Report 2023

Electric Lighting Equipment Global Market Report 2023

Emergency And Other Relief Services Global Market Report 2023

 

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