Emergency Lighting Battery Market - Size, Share, Trends, and Forecast, 2022 - 2028

Emergency Lighting Battery Market - Size, Share, Trends, and Forecast, 2022 - 2028

Emergency lighting is a battery operated lighting system that turns on automatically for the duration of power outage and give illumination of a sufficiently high level in order to enable the means of escape that can be effectively identified and safely used by occupants of the building. Emergency lights consists of one or more incandescent bulbs or one or more clusters of high-intensity light-emitting diodes (LED). These emergency lights are of two types; maintained and sustained. Maintained luminaires are permanently illuminated, and remain illuminated when power fails. Sustained luminaires turn on automatically when the power fails.
Market Dynamics
Increasing adoption of safety regulations by governments is expected to create conducive environment for growth of the global emergency lighting market, as new buildings are required to be equipped with emergency lights as per the new standards. For instance, National Fire Protection Association (NFPA), code number 101 sets standard facility requirements for protecting people from smoke, fires, and noxious fumes. Moreover, NFPA 110 and NFPA 111 set standards for the backup power supply needed for electrical failures from fires and other catastrophes. These factors are expected to further accelerate growth of emergency lighting batteries market.
However, initial cost of emergency lighting products is one of the major factor hindering the global market growth, as the price for LED lights per lumen is more expensive than conventional lights. Moreover, LED light’s performance largely depends on correctly engineering the fixture to manage the heat generated by the LED, which causes deterioration of the LED chip itself. LED lights may cause overheating, which is eventually leads to device failure. Hence, to maintain life of LED lights as well as the device, an additional heat-sink is required. Therefore, consumers need to spend extra along with lighting cost and battery cost, which is making these emergency lights expensive, in turn negatively affecting growth of the market.
Key features of the study:
This report provides in-depth analysis of emergency lighting battery market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global emergency lighting battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, emergency lighting battery market capital, key developments, strategies, and future plans
Companies covered as part of this study include Philips Lighting Holding B.V., Hubbell Lighting, Inc., Cooper Industries, Schneider Electric SE, Emerson, Legrand S.A., Acuity Brands, Beghelli S. P. A., Daisalux, Zumtobel Group, and Osram Licht AG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global emergency lighting battery market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global emergency lighting battery market
Detailed Segmentation:
Global Emergency Lighting Battery Market, By Battery Type:
NiCd battery
NiMH battery
Li-ion battery
Lead-acid battery
Global Emergency Lighting Battery Market, By Lighting Source:
LED
Incandescent
Others
Global Emergency Lighting Battery Market, By Application:
Residential
Commercial
Industrial
Global Emergency Lighting Battery Market, By Geography:
North America
By Battery Type
By Lighting Source
By Application
By Country:
U.S.
Canada
Europe
By Battery Type
By Lighting Source
By Application
By Country:
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Battery Type
By Lighting Source
By Application
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Battery Type
By Lighting Source
By Application
By Country:
Brazil
Mexico
Rest of Latin America
Middle East
By Battery Type
By Lighting Source
By Application
By Country:
GCC Countries
Israel
Rest of Middle East
Africa
By Battery Type
By Lighting Source
By Application
By Country:
Northern Africa
Central Africa
South Africa
Company Profiles
Philips Lighting Holding B.V. *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Hubbell Lighting, Inc.
Cooper Industries
Schneider Electric SE
Emerson, Legrand S.A.
Acuity Brands
Beghelli S. P. A.
Daisalux
Zumtobel Group
Osram Licht AG.
“*” marked represents similar segmentation in other categories in the respective section.