Emergency Lighting Market 2019
Description: –
As per a new report, the global emergency lighting market is expected to witness steep growth in the approaching years. Emergency lights are used as a safety precaution during power outages allowing people to find their way out of a place and prevent accidents. The advantages offered by emergency lighting at the residential, commercial and industrial places are anticipated to increase its demand in the upcoming years.
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Key Players
• Philips Lighting Holding B.V. (Netherlands)
• Hubbell Lighting Inc. (U.S.)
• Cooper Industries (Ireland)
• Schneider Electric SE (France)
• Emerson (US)
• Legrand S.A. (France)
• Acuity Brands (U.S.)
• Beghelli S.p.A. (Italy)
• Daisalux (Spain)
• Zumtobel Group (Austria)
Some of the factors that will propel the market size in the coming years include technological advancements which are taking place in the lighting industry, reducing average selling price of LEDs and infrastructure growth in various countries will further propel the market size in the coming years.
However, design related issues and lack of standardization might hamper the market size in the coming years. The report focuses on the upcoming developments in the emergency lighting market along with throwing light on the factors that are restarting the growth of this market as well.
Market Segmentation
The market for global emergency lighting has been segregated into components, battery type and application. Based on the component, the market has divided into Hardware, Software and Services. Based on the battery type, the market has been segmented into Ni-Cd and Lead Acid. The market for LiFePO4 battery will grow at the highest CAGR during in the coming years as LiFeP04 is becoming the most preferred choice for emergency lighting due to being smaller in size and consumption of less power when getting charged. Based on the application, the global emergency lighting market has been categorized into the Residential, commercial and industrial.
Detailed Regional Analysis
The global emergency lighting has been analysed across the United States, Europe, India, Japan, China, Southeast Asia and Middle East & Africa (MEA). In terms of region, North America holds the largest share of the market in 2016 and is expected to grow in the future as well. Meanwhile, APAC region is also showing prenominal growth which is due to rapidly growing urbanization and increasing awareness among people about their which is driving the market of emergency lighting in various APAC regions as well. Moreover growing demand of emergency lighting at the commercial places will also push the market size forward. The industrial emergency lights are perfect for warehouses, factories, and other spacious areas where higher voltage or wattages is needed for efficient illumination. In order to ensure maximum safety of the workers working at the industrial places, the companies across the world are trusting emergency lighting to deal to with emergency situations and in order to offer clear and visible path to vacate the place or building safely.
Competitive Landscape
The global demand of emergency lighting at various different places is inspiring key players to come up with innovative and compact designs in these lights that use lesser power. In order to get an edge into the business, key players might enter into agreements or tie-ups with the local vendors to increase their product offering which might bring a great change in the coming years.
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