Emergency Lighting Market Size 2021: Important Development, Industry Share and Growth Forecast to 2024

Emergency Lighting

The “Emergency Lighting Market” Report provides a thorough examination of the market. The Emergency Lighting Market research investigates how firms in the Emergency Lighting Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Emergency Lighting market report.

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Competitor Analysis:

Emergency Lighting market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Koninklijke Philips NV
  • Emerson Electric Co
  • Legrand SA
  • Hubbell Lighting Inc
  • Zumtobel Group AG
  • Acuity Brands Inc
  • Eaton Corporation PLC
  • Schneider Electric SE
  • Beghelli SpA
  • Arrow Emergency Lighting Limited
  • Daisalux, SAU
  • Diehl Stiftung & Co KG
  • Fulham Co. Inc
  • Myers Group
  • Toshiba Corporation
  • Lutron Electronics
  • Taurac
  • Digital Lumens

    Market Overview:

  • The Emergency Lighting Market is expected to witness a CAGR of 7.22%, during the forecast period (2019 – 2024). The increasing demand, for energy-efficient. Lighting systems across commercial, residential, and industrial sectors, is driving the growth of low power consumption bulbs in the emergency lighting system.
  • – The growing emphasis on strict fire and safety regulations by governments across the world is driving the market. For instance, the regulations, such as Occupational Safety and Health Administration (OSHA) Code of Federal Regulations, NFPA 70 – National Electric Code, NFPA 101 – Life Safety Code, International Fire Code, NFPA 1997 5-9.3, and Standard Fire Prevention Code 1999, are some of the regulations for testing and maintaining ‘Exit and Emergency Lighting’ systems, across the world.
  • – The growing number of construction projects across the world is promoting the growth prospect for emergency lighting. According to CSCEC, the newly added housing construction area in China increased by over 43% from 2015 to 2018.
  • – the government regulations for industrial emergency lighting are driving the growth of the market. For instance, Larson Electronics launched a vast line of portable LED lighting systems for use in industrial and combustible environments. These explosion proof LED units can be used in Class I, II, and III flammable environments, hazardous locations, and confined spaces.

    Key Market Trends:

    LED’s are Expected to Witness Significant Growth

    – The increasing government policies, such as ban in the usage of incandescent light, and the energy efficient and cost-saving nature of LEDs, are increasing the penetration of LEDs. Moreover, LEDs are highly controllable, as the integrity for LEDs can vary based on the requirements when integrated with a driver.
    – For instance, in April 2018, the Council of Australian Governments Energy Ministers announced to replace halogen lamps with LED lamps, to improve energy efficiency.
    – Also the Indian government’s initiative of ‘AHO’ i.e. Automatic Headlamp On is a safety measure used in two-wheelers in which headlights are kept on throughout the day that makes the spotting of the two-wheelers easy even there is a sudden clouding.
    – LEDs in the industrial environment can provide saving up to 70%. As LEDs are highly controllable, the integration of LEDs with the security industry is expected to have a significant impact on the emergency lighting market.

    Asia Pacific region is Expected to Register a Faster Growth

    – The Asia-Pacific region is expected to have the highest growth rate, over the forecast period. The government in the Asia-pacific countries is actively promoting the adoption of emergency lighting, which is leading to the growth of the market.
    – The Asia-Pacific region is expected to have the highest growth rate, over the forecast period. The government in the Asia-pacific countries is actively promoting the adoption of emergency lighting, which is leading to the growth of the market.
    – Various government flagship programs, including Housing for All, Atal Mission for Urban Rejuvenation and Transformation (AMRUT), Make in India, and Power for All, are expected to drive the growth of emergency lighting in this region.
    – The rapid urbanization in the developing countries, such as India, China, Japan, and South Korea, is also leading to an increase in constructions. There is a significant infrastructure spending in Australia, Hong Kong, Philippines, Singapore, Taiwan, Thailand, Myanmar, and Vietnam.

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    Scope of the Report:

    Emergency lightening ensures that the lighting is provided consistently and automatically for a sufficient amount of time at times of power outage or certain emergency situations that enables the people trapped in such blackout situations to evacuate safely. This report segments the market by Light Source (LED, Fluorescent, and Incandescent), End-user Application (Residential, Industrial, and Commercial and other end users segments), and Region.

    Highlighted points of Emergency Lighting Market Report:

    • Varying dynamics of the Emergency Lighting industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Emergency Lighting market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Emergency Lighting market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Emergency Lighting Market report:

    • The Emergency Lighting market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Emergency Lighting market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Emergency Lighting market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Emergency Lighting Market Report:

    1 INTRODUCTION

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Value Chain / Supply Chain Analysis
    4.3 Industry Attractiveness – Porter’s Five Force Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry
    4.4 Introduction to Market Drivers and Restraints
    4.5 Market Drivers
    4.5.1 Increasing Penetration of LED across Diversified Industrial Applications
    4.5.2 Technological Advancements in the Lighting Industry
    4.5.3 Growing Construction Industry, Globally
    4.6 Market Restraints
    4.6.1 Huge Capital Investment and Operational Cost
    4.7 Market Opportunities

    5 MARKET SEGMENTATION
    5.1 Light Source
    5.1.1 LED
    5.1.2 Fluroscent Lamps
    5.1.3 High Intensity discharge (HID) Lamps
    5.2 End-User
    5.2.1 Industrial
    5.2.2 Residential
    5.2.3 Commercial(Office, Malls, etc.)
    5.2.4 Other End-users( Railways, Aircrafts, etc.)
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia Pacific
    5.3.4 Latin America
    5.3.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Koninklijke Philips NV
    6.1.2 Emerson Electric Co
    6.1.3 Legrand SA
    6.1.4 Hubbell Lighting Inc
    6.1.5 Zumtobel Group AG
    6.1.6 Acuity Brands Inc
    6.1.7 Eaton Corporation PLC
    6.1.8 Schneider Electric SE
    6.1.9 Beghelli SpA
    6.1.10 Arrow Emergency Lighting Limited
    6.1.11 Daisalux, SAU
    6.1.12 Diehl Stiftung & Co KG
    6.1.13 Fulham Co. Inc
    6.1.14 Myers Group
    6.1.15 Toshiba Corporation
    6.1.16 Lutron Electronics
    6.1.17 Taurac
    6.1.18 Digital Lumens

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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