Emergency Lighting Market Size Is Projected To Reach USD 17.03 Billion By 2031, Growing At A CAGR Of 10.3%: Straits Research
| 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 |
|
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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
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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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