(MENAFN- GlobeNewsWire - Nasdaq) New York, United States, June 13, 2023 (GLOBE NEWSWIRE) -- emergency lighting is a kind of lighting that turns on automatically in the absence of electricity or whenever standard lighting stops working. Nowadays, emergency lighting is incorporated during construction in the majority of structures. Throughout the forecast period, the market for emergency lighting is anticipated to develop due to the easier accessibility of affordable and aesthetic lights. Additionally, it is projected that the demand for emergency lighting will expand due to the fast-paced technological developments in the lighting sector and the integration of emergency lighting with aesthetic lighting. In addition, it is anticipated that the rapid urbanization occurring in many nations and the rising standard of living of the people would greatly increase the need for emergency lighting and accelerate the expansion of the emergency lighting market.
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Safety Regulations Drive the Global Market
There are more safety concerns as a result of expanding urbanization around the world. When a segment of the audience is unfamiliar with the layout and procedures, the problem is made worse. This is more relevant in big, crowded, risky, or complicated places like train stations, malls, airports, stadiums , governmental structures, or recreational facilities, as well as in smaller, simpler places. As a result, stringent standards and fire safety laws have been implemented expressly for buildings. Buildings should be built in such a way that there are suitable arrangements for a fire early warning and suitable ways for leaving the building in case of a fire and finding safety outside the structure. For instance, various regulatory agencies govern the emergency lighting and exit sign requirements, such as Occupational Safety & Health Administration and National Fire Protection Association. Rules and regulations set by these agencies and local authorities should be followed during the construction of buildings.
Report Scope
| Report Metric | Details |
| Market Size by 2031 | USD 17.03 Billion |
| Market Size in 2022 | USD 7.05 billion |
| CAGR | 10.3% |
| Historical Data | 2020-2021 |
| Base Year | 2022 |
| Forecast Period | 2023-2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, By Application
|
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | ignify Holding (The Netherlands) ,Schneider Electric SA (France) ,Eaton Corporation Plc (Ireland) ,Thomas & Betts Corporation (U.S.) ,Hubbell Incorporated (U.S.) ,Best Lighting Products Inc. (U.S.) ,Ventilux Ltd (Ireland) ,NVC Lighting (China) ,Acuity Brands Lighting Inc. (Georgia) ,GENERAL ELECTRIC COMPANY (U.S.) |
| Key Market Drivers | Safety Regulations Incorporating Emergency Lighting in Aesthetics |
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Regional Analysis
North America is expected to witness significant growth in the emergency lighting market. The market is expanding mostly due to increased consumer awareness of the advantages of employing emergency lights in a disaster. The market for emergency lights and exit signs is expanding as a result of the government's favorable rules and regulations on outdoor lighting. For instance: The National Fire Protection Association in the United States largely oversees the fire safety of commercial and large residential structures. The law requires emergency lighting and exit signage in both private and public infrastructure across the country. Canada boasts one of the greatest economies and is one of the richest nations on earth. Construction is the main sector of its economy. In the last ten years, big cities like Toronto, Vancouver, and Calgary have completed about 50 towers, which is a significant growth in building and infrastructure. The market under study has attractive potential due to the expansion of the construction industry.
Europe is one of the prominent regions in the global emergency lighting and exit sign market Due to the rising demand in the residential market. There have been increasing concerns about safety as this region's nations have all undergone major urbanization. Germany dominates the European market. The Confederation of Fire Protection Association Europe (CFPAE) states that illumination used for emergency lighting should have a luminous intensity of at least 1 lux on floor surfaces. In the future, there are expected to be abundant market prospects due to the expansion of the construction industry, particularly in nations like Spain, the U.K., and Germany.
The Asia-Pacific region's market expansion is attributable to the region's growing construction projects. The expansion of the construction industry is primarily driven by this population growth as well as rising purchasing power. Additionally, the market has been growing as a result of an increase in government programs to promote the use of led lighting , particularly in Japan, India, and the Philippines. The Asia-Pacific emergency lighting market is also driven by rising infrastructure spending in China and India. Rising safety concerns, which also encourage innovation in more sophisticated technologies like flame-proof requirements and LED bulbs' efficient energy use, are what is driving the emergency lighting market in India. As building and development activity in hotels, theatres, airports, and office complexes soars, demand is expected to rise.
Nations in the Middle East, especially the United Arab Emirates and Saudi Arabia, are primarily regarded as hubs for commercial, industrial, and residential developments. All the growing economic activity is expected to contribute to market expansion. The goal of the South American government is to make the tourism sector more sustainable, with a particular emphasis on developing the area as a hub for wellness and medical travel. With about 9,000 lodgings under development, Brazil was the leading country in Central and South America for resort and hotel buildings. The profit potential for the market for emergency lights is presented by this scenario.
Key Highlights
The global emergency lighting market size is projected to reach USD 17.03 billion by 2031, growing with a CAGR of 10.3% during the forecast period (2023–2031). On the basis of type , the emergency lighting market is segmented into emergency lights & electrical exit signals, non-electrical exit signals, and general emergency lighting. Electrical exit signs dominate the market. Based on application , the emergency lighting market is segmented into residential, industrial, and others. The residential segment dominates the market. North America dominates the global emergency lighting market.
Key companies profiled in the report include
Zumtobel Group AG
Acuity Brands Lighting Inc.
Emerson Electric Co.
Legrand S.A.
Signify N.V. (Cooper Lighting LLC)
Koninklijke Philips N.V.
AMS AG (OSRAM Licth AG)
Schneider Electric SE
Beghelli S.p.A.
Daisalux S.A.
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Global Emergency Lighting Market: Segmentation
By Type
Emergency Lights And Electrical Exit Signals Non-Electrical Exit Signals General Emergency Lighting
By Application
Residential Industrial Others
By Region
North America Europe Asia Pacific LAMEA
TABLE OF CONTENT
EXECUTIVE SUMMARY RESEARCH SCOPE & SEGMENTATION Research Objectives
Market Definition
Limitations & Assumptions
Market Scope & Segmentation
Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT Emerging Regions / Countries
Emerging Companies
Emerging Applications / End Use
Investment Landscape
New Business Models / Revenue Streams
TAM
MARKET TRENDS Drivers
Market Warning Factors
Latest Macro Economic Indicators
Geopolitical Impact
Human Factors
Technology Factors
MARKET ASSESSMENT Porters Five Forces Analysis
Value Chain Analysis
Raw Material Analysis
Sales And Distribution Channel Analysis
Trade Analysis
Average Pricing Analysis
Case Study Analysis
Patent Analysis
M & A Agreements & Collabration Analysis
Export Import Analysis
Cost Structure Analysis
ESG TRENDS
GLOBAL EMERGENCY LIGHTING MARKET SIZE ANALYSIS Global Emergency Lighting Market Introduction
By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
NORTH AMERICA MARKET ANALYSIS Introduction
By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
U.S. By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
Canada EUROPE MARKET ANALYSIS Introduction
By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
U.K. By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
Germany France Spain Italy Russia Nordic Benelux Rest Of Europe APAC MARKET ANALYSIS Introduction
By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
China By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
Korea Japan India Australia Taiwan South East Asia Rest Of Asia-Pacific MIDDLE EAST AND AFRICA MARKET ANALYSIS Introduction
By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
UAE By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
Turkey Saudi Arabia South Africa Egypt Nigeria Rest Of MEA LATAM MARKET ANALYSIS Introduction
By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
Brazil By Type
Introduction
Type By Value
Emergency Lights And Electrical Exit Signals
By Value
Non-Electrical Exit Signals
By Value
General Emergency Lighting
By Value
By Application
Introduction
Application By Value
Residential
By Value
Industrial
By Value
Others
By Value
Mexico Argentina Chile Colombia Rest Of LATAM COMPETITIVE ASSESSMENT Adoption Matrix
Emergency Lighting Market Share By Manufacturers
Emergency Lighting Market Ranking By Revenue For Manufacturers
Average Price By Manufacturers
Vendor Footprint Analysis
MARKET PLAYERS ASSESSMENT Signify Holding (The Netherlands) Overview
Business Information
Revenue
ASP
Gross Margin
Swot Analysis
Recent Developmments
Schneider Electric SA (France)
Eaton Corporation Plc (Ireland)
Thomas & Betts Corporation (U.S.)
Hubbell Incorporated (U.S.)
Best Lighting Products Inc. (U.S.)
Ventilux Ltd (Ireland)
NVC Lighting (China)
Acuity Brands Lighting Inc. (Georgia)
GENERAL ELECTRIC COMPANY (U.S.)
Beghelli SpA (Italy)
Maxspid Enterprise Pte Ltd (Singapore)
Mackwell Electronics (U.K)
Isolite Corporation (Pennsylvania)
RESEARCH METHODOLOGY Research Data
Secondary Data
Major Secondary Sources
Key Data From Secondary Sources
Primary Data
Key Data From Primary Sources
Breakdown Of Primaries
Secondary And Primary Research
Key Industry Insights
Market Size Estimation
Bottom-Up Approach
Top-Down Approach
Market Projection
Research Assumptions
Assumptions
Limitations
Risk Assessment
APPENDIX Discussion Guide
Customization Options
Related Reports
DISCLAIMER
Table of Content and Figure @
Market News
In October 2021, SESCO Lighting, Inc., headquartered in Maitland, FL, and The Schneider Company, headquartered in Greenville, SC, announced they would join forces to become one company, expanding SESCO Lighting's footprint into South Carolina. In August 2021, NICHIA, the largest LED manufacturer in the world, announced a joint-product development collaboration with Zumtobel, a leading international supplier of holistic lighting solutions.
News Media
global led lighting market grows at a staggering cagr of 13.4%
global intelligent lighting controls market to grow at a cagr of 17.6% by 2030
global residential lighting fixtures market ascends at a healthy cagr of 5.60%
global led lighting market grows at a staggering cagr of 13.4%
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