Emergency Lighting Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Light Type (Fluorescent, LED, Incandescent), By Power System, By End Use (Self-Contained Power System), By Region, And Segment Forecasts, 2024 -

Emergency Lighting Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Light Type (Fluorescent, LED, Incandescent), By Power System, By End Use (Self-Contained Power System), By Region, And Segment Forecasts, 2024 - 2030

Emergency Lighting Market Size & Trends

The global emergency lighting market size was estimated at USD 6.89 billion in 2023 and is anticipated to grow at a CAGR of 13.0% from 2024 to 2030. The adoption of better safety standards and the incorporation of smart technologies are significant market growth drivers. As global safety regulations become more stringent, there is a rising demand for advanced emergency lighting solutions that comply with these enhanced standards, ensuring greater safety and reliability during power outages and emergencies.

The integration of smart technologies, such as IoT-enabled systems and automated monitoring, enhances the functionality and efficiency of emergency lighting. These advancements facilitate real-time monitoring and maintenance but also improve energy efficiency and user control. IoT-enabled LED fixtures are emerging as a significant growth driver for the emergency lighting market. These advanced fixtures offer enhanced functionality through real-time monitoring and automated control, allowing for proactive maintenance and improved energy efficiency. The integration of IoT technology facilitates seamless communication between lighting systems and centralized control units, ensuring optimal performance during emergencies.

The growing frequency of natural disasters is a significant market growth driver, as communities and organizations increasingly recognize the critical need for reliable lighting solutions during such events. Natural disasters, such as hurricanes, earthquakes, and floods, often lead to power outages and compromised infrastructure, making dependable emergency lighting essential for ensuring safety and facilitating effective evacuation. This heightened awareness and demand for robust emergency lighting systems are pushing investments in advanced technologies that provide reliable illumination, enhance visibility, and improve response times in crisis situations. Consequently, the surge in natural disasters is fueling the market expansion, as stakeholders seek to enhance preparedness and resilience in the face of unpredictable and often devastating events.

As smart buildings become more prevalent, integrating sophisticated emergency lighting systems that can seamlessly communicate with other building management systems is increasingly important. These advanced solutions offer enhanced capabilities such as automated testing, real-time monitoring, and predictive maintenance, ensuring higher reliability and efficiency during emergencies. The ability to remotely control and monitor emergency lighting improves safety standards and reduces operational costs and enhances energy efficiency.

For instance, in February 2024, Siemens and its subsidiary Enlighted partnered strategically with the Zumtobel Group to advance smart building technologies by integrating its advanced smart sensors into Zumtobel's premium lighting products. This collaboration aims to create an attractive IoT lighting bundle for customers, offering benefits such as effective prefabricated solutions, adaptable technology, efficient wireless deployment, and enhanced insights. The partnership aims to focus on commercial buildings, higher education, and smart hospitals, setting new standards for efficiency and sustainability in building operations.

Global Emergency Lighting Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global emergency lighting market report based on component, light type, power system, end use, and region:

• Component Outlook (Revenue, USD Billion, 2018 - 2030)
• Hardware
• Software
• Services
• Light Type Outlook (Revenue, USD Billion, 2018 - 2030)
• Fluorescent
• LED
• Incandescent
• Others
• Power System Outlook (Revenue, USD Billion, 2018 - 2030)
• Self-Contained Power System
• Central Power System
• Hybrid Power System
• End Use Outlook (Revenue, USD Billion, 2018 - 2030)
• Residential
• Commercial
• Industrial
• Others
• Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East & Africa
• UAE
• Kingdom of Saudi Arabia
• South Africa

Please note The report will be delivered in 4-8 business days upon order notification.