Emergency Lighting Market

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2022
Emergency Lighting Market Revenue To Hit 9,993.4
Million by 2030
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The prices of light-emitting diodes (LEDs) are
decreasing, while the number of construction
projects is rising. These are to be the key
factors in the advance of the emergency lighting
market revenue from 5,386.0 million in 2020 to
9,993.4 million by 2030 at a 6.4 CAGR between
2021 and 2030 (forecast period). Other key
reasons behind the growth of the market are the
technological advancements in such products and
government regulations mandating their
installation due to the rising focus on
safety.   The categories of the battery type
segment are nickelcadmium (NiCd), nickelmetal
hydride (NiMH), lithium-ion (Li-ion), and
leadacid. Among these, the highest revenue in
the market in 2020 was generated by the Li-ion
category, which is expected to hold on to its
industry dominance throughout the forecast
period. This would be because compared to other
types of batteries, Li-ion batteries have a
higher energy density, which leads to longer
operations. Moreover, these batteries have a
longer life, which reduces the need to replace
them, thus saving money.   Request for sample
copy of this report https//www.psmarketresearch.
com/market-analysis/emergency-lighting-market/repo
rt-sample   Based on light source, the emergency
lighting market categories are fluorescent,
incandescent, LED, induction, and others. The
largest contribution to the market during the
historical period (20142020) was made by the LED
category, which will also experience the highest
CAGR over the forecast period. Compared to other
technologies, LED is a lot energy-efficient, and
it also lasts longer. This is why many
governments have started replacing conventional
lights with LEDs. Further, the plunging prices of
LEDs are driving the market by leading to their
burgeoning sales.
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The application segment of the emergency lighting
market is categorized into residential,
industrial, commercial, and others, which
includes shipyards, railway stations, and
airports. In 2020, the commercial category held
the largest share because of the mandatory
installation of such fixtures at places with a
high footfall, such as shopping malls, hotels,
hospitals, and office buildings. During the
forecast period, the residential category will
advance the fastest because of the rampant
construction of residential units around the
world, especially in the Middle East and Africa
(MEA) and Asia-Pacific (APAC).   Thus, the
burgeoning number of construction projects is the
biggest market driver. With the increasing
concerns being raised over tenant and employee
safety, emergency lights are being installed in
almost all new industrial, residential,
commercial, and government buildings. In this
regard, the rampant urbanization and construction
of houses, office buildings, hospitals,
universities, restaurants, shopping complexes,
hotels, and factories are helping market players
gather high revenue. For instance, these lights
will be procured in monumental numbers for the
100 smart cities being developed in
India.   Browse full report at https//www.psmarke
tresearch.com/market-analysis/emergency-lighting-m
arket   Another key growth driver for the
emergency lighting market are the government
regulations mandating their installation. In
closed buildings, anything can go wrong anytime,
for instance, due to a major power cut, short
circuit, fire, natural disasters, and bombing and
other acts of violence. Moreover, if not
constructed properly, buildings could fall,
trapping people inside. The increasing concerns
in this regard have impelled governments to
mandate the installation of emergency lights so
that the people inside can have a properly
illuminated exit path.   Presently, North America
is the largest emergency lighting market because
the laws mandating their installation in all
sorts of buildings are rather stringent here.
Some of these regulations are Occupational Safety
and Health Administration (OSHA) Code of Federal
Regulations, NFPA 101 Life Safety Code, NFPA 70
National Electric Code, International Fire
Code, Standard Fire Prevention Code 1999, and
NFPA 1997 59.3. APAC will witness the fastest
growth in the installation of such fixtures till
2030 due to the increasing preference for smart
homes and adoption of LEDs.   Hence, the market
will continue to grow with the surging focus on
safety inside buildings.
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Market Segmentation

• Market Segmentation by Power System
• Self-Contained
• Central
• Hybrid
• Market Segmentation by Battery Type
• NickelCadmium (NiCd)
• NickelMetal Hydride (NiMH)
• Lithium-Ion (Li-Ion)
• LeadAcid
• Market Segmentation by Light Source
• Fluorescent
• Light-Emitting Diode (LED)
• Incandescent
• Induction
• Others (High-Intensity Discharge (HID), Cold
  Cathode, and Halogen Lamp)

• Market Segmentation by Offering
• Hardware
• Software
• Services
• Market Segmentation by Application
• Industrial
• Commercial
• Residential
• Others (Railway Stations, Airports, and
  Shipyards)
• Market Segmentation by Region
• North America Emergency Lighting Market
• Europe Emergency Lighting Market
• Asia-Pacific (APAC) Emergency Lighting Market
• Latin America (LATAM) Emergency Lighting Market
• Middle East Africa (MEA) Emergency Lighting
  Market

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