Emergency Lighting Market Forecasts to 2030 – Global Analysis By Type (Emergency Lights & Electrical Exit Signals, Non-Electrical Exit Signals, General Emergency Lighting and Other Types), Offering (Software, Hardware and Services), Battery Type, Power Sy

Emergency Lighting Market Forecasts to 2030 – Global Analysis By Type (Emergency Lights & Electrical Exit Signals, Non-Electrical Exit Signals, General Emergency Lighting and Other Types), Offering (Software, Hardware and Services), Battery Type, Power System, Light Source, End User and By Geography


According to Stratistics MRC, the Global Emergency Lighting Market is accounted for $6.03 billion in 2023 and is expected to reach $10.83 billion by 2030 growing at a CAGR of 8.7% during the forecast period. Emergency lighting is an electronic light technology specifically adopted to reduce the potential injury of the occupants in case of any emergency, such as fire, storm, or any natural disaster. The emergency lighting sector mostly uses fluorescent light and LEDs as lighting sources. The main purpose of emergency lights and exit signs is to guarantee a secure evacuation from any area or structure by creating ideal visual conditions for locating escape routes. The required deployment of emergency lights in residential, commercial, and industrial applications is the consequence of specific rules and regulations enacted by both national and local regulatory bodies.

According to China State Construction Engineering Corporation projects survey report, the emergency lighting installation in newly added housing construction in China increased by over 43%, from 2015 to 2018.

Market Dynamics

Driver

Raising trend of design-driven emergency lights

The aesthetics of emergency lights are currently being highlighted by manufacturers and lighting designers since they play a significant role, particularly in settings like hotels, architectural structures, and homes. The placement and look of emergency lights worry end users. But vendors have begun providing emergency lights that are aesthetically pleasing without sacrificing safety. Manufacturers additionally produce specialized goods so that consumers and governmental organizations may design emergency lights in accordance with their needs. The market demand is being enhanced by these expanding tendencies.

Restraint

High installation costs

Effective emergency lighting systems need a considerable capital investment and ongoing operating expenses. To provide enough emergency lighting, architects, electrical experts, and lighting designers must overcome a number of obstacles. The relevant information about the location must be acquired via blueprints, site inspections, or the structure before commencing any emergency lighting design. Emergency lighting systems may have low-quality components as a result of their high cost. This factor is hindering the market growth.

Opportunity

Growing government initiatives

Expanding government initiatives will lower national GHG emissions. They improve energy security and produce large economic gains. The Australian Government, Global Environment Facility (GEF), and Global Efficient Lighting Centre (GELC) have all launched several initiatives for transition to energy-efficient lighting solutions. The effort aids nations as they switch to using energy-efficient lights, appliances, and machinery. The market is experiencing expansion as a result of these initiatives.

Threat

High design costs

Custom emergency lights and exit signs are manufactured to the consumer’s exact specifications and needs. Higher expenditures for custom design ultimately result in higher installation and commissioning charges. If the information is not obtained correctly, it may lead to a poorly designed emergency lighting system. Due to the time required to effectively arrange the controls system, more equipment is needed for an installation. The setup may cost more if you go from a bespoke design to a company-made one. Local production of emergency lights may affect their business due to such restraints.

Covid-19 Impact

The covid epidemic has an effect on every business in the world. But the emergency lighting market didn’t get worse during the pandemic. Due to the severe lockdowns, manufacturers experienced a scarcity of electronic components. 89% of members of the Lighting Industry Association (LIA) reported their companies remained operational during the shutdown, and 95% of their revenues were recovered. The market, however, was constrained by a scarcity of manufacturing raw materials.

The self-contained power system segment is expected to be the largest during the forecast period

The self-contained power system segment is estimated to have a lucrative growth. The self-contained power systems offer the most fundamental and quickest solution. It contains batteries and works independently. They install more quickly and are simple to extend or modify afterwards. They are frequently the most economical choice for modest to medium-sized projects. Since no additional wiring is needed, installation expenses are rather minimal. Since each light is independent of the others, they provide improved system integrity, which reduces the need for specialized sub-circuit monitoring and promotes the segment's expansion.

The industrial segment is expected to have the highest CAGR during the forecast period

The industrial segment is anticipated to witness the fastest CAGR growth during the forecast period. Industrial emergency lights are appropriate for factories, warehouses, and other large spaces that need more watts or voltage for effective illumination. Safety is the top priority in industrial environments, and sustaining high production requires sufficient lighting and adequate illumination. Therefore, emergency lighting is provided in a variety of businesses to assist staff in responding to emergencies and leaving the area safely.

Region with largest share

North America is projected to hold the largest market share during the forecast period owing to its technological advancements. There are numerous significant corporations in this region. The increased demand for emergency lights in this region is mostly due to the rising safety consciousness. The main drivers of the the market's growth in North America are rising urbanization, the introduction of cutting-edge technology, energy-efficient goods, and an aging population.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period. Due to the existence of several significant suppliers, China is currently holding the highest market share. In recent years, China has transformed into a significant exporter of goods to other nations. The regional market is expanding as a result of the expanding population. The main drivers of the market expansion in the region are the government's supportive policies and significant expenditures to upgrade infrastructure.

Key players in the market

Some of the key players profiled in the Emergency Lighting Market include Emerson Electric Co., Koninklijke Philips NV, Myers Group, Diehl Stiftung & Co. KG, Legrand SA, Fulham Co. Inc., Hubbell Lighting Inc, Toshiba Corporation, Zumtobel Group AG, Taurac, Acuity Brands Inc., Digital Lumens, Eaton Corporation PLC, Lutron Electronics, Schneider Electric SE, Daisalux SAU, Beghelli SpA, Osram Light Ag, Arrow Emergency Lighting Limited and Syska.

Key Developments

In November 2021, Schneider Electric and Elite Partners Advanced Power Technology secured a second special project award for the ‘Sustainability in the Data Center Project of the Year category. Together, the companies delivered a modernization project for Newcastle City Council, using energy-efficient technologies to reduce its carbon footprint as part of a wider digital transformation initiative.

In February 2021, Honeywell acquired the whole outstanding shares of Sparta Systems for USD 1,303 million. Sparta Systems is expected to further strengthen its position in industrial automation, digital transformation solutions and enterprise performance management software. The business is included within the Performance Materials and Technologies segment.

In February 2021, Orient Electric targets smart lighting solutions to grow market share. Orient has launched a range of LED emergency lights which provide emergency light for up to 4 hours during power outages. The type of light includes an LED bulb, LED strip, LED recessed plate, and bulk head, which can be used as a normal light source and automatically switch to emergency mode to light up during power outages.

In October 2019, Eaton Corporation entered into an agreement to sell its lighting business to Signify for USD 1.4 billion. The company’s business segment had sales of USD 1.7 billion in 2018, and served customers across commercial, industrial, and residential space.

Types Covered
• Emergency Lights & Electrical Exit Signals
• Non-Electrical Exit Signals
• General Emergency Lighting
• Other Types

Offerings Covered
• Software
• Hardware
• Services

Battery Types Covered
• NI–MH
• Ni–CD
• LiFepo4
• Lead–Acid
• Other Battery Types

Power Systems Covered
• Central Power System
• Self-Contained Power System
• Hybrid Power System
• Other Power Systems

Light Sources Covered
• Light - Emitting Diode (LED)
• Incandescent
• Fluorescent Lighting
• Induction
• Other Light Sources

End Users Covered
• Residential
• Commercial
• Industrial
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Emergency Lighting Market, By Type
5.1 Introduction
5.2 Emergency Lights & Electrical Exit Signals
5.3 Non-Electrical Exit Signals
5.4 General Emergency Lighting
5.5 Other Types
6 Global Emergency Lighting Market, By Offering
6.1 Introduction
6.2 Software
6.3 Hardware
6.4 Services
7 Global Emergency Lighting Market, By Battery Type
7.1 Introduction
7.2 NI–MH
7.3 Ni–CD
7.4 LiFepo4
7.5 Lead–Acid
7.6 Other Battery Types
8 Global Emergency Lighting Market, By Power System
8.1 Introduction
8.2 Central Power System
8.3 Self-Contained Power System
8.4 Hybrid Power System
8.5 Other Power Systems
9 Global Emergency Lighting Market, By Light Source
9.1 Introduction
9.2 Light - Emitting Diode (LED)
9.3 Incandescent
9.4 Fluorescent Lighting
9.5 Induction
9.6 Other Light Sources
10 Global Emergency Lighting Market, By End User
10.1 Introduction
10.2 Residential
10.3 Commercial
10.4 Industrial
10.5 Other End Users
11 Global Emergency Lighting Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Emerson Electric Co.
13.2 Koninklijke Philips NV
13.3 Myers Group
13.4 Diehl Stiftung & Co. KG
13.5 Legrand SA
13.6 Fulham Co. Inc.
13.7 Hubbell Lighting Inc
13.8 Toshiba Corporation
13.9 Zumtobel Group AG
13.10 Taurac
13.11 Acuity Brands Inc.
13.12 Digital Lumens
13.13 Eaton Corporation PLC
13.14 Lutron Electronics
13.15 Schneider Electric SE
13.16 Daisalux SAU
13.17 Beghelli SpA
13.18 Osram Light Ag
13.19 Arrow Emergency Lighting Limited
13.20 Syska
List of Tables
Table 1 Global Emergency Lighting Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Emergency Lighting Market Outlook, By Type (2021-2030) ($MN)
Table 3 Global Emergency Lighting Market Outlook, By Emergency Lights & Electrical Exit Signals (2021-2030) ($MN)
Table 4 Global Emergency Lighting Market Outlook, By Non-Electrical Exit Signals (2021-2030) ($MN)
Table 5 Global Emergency Lighting Market Outlook, By General Emergency Lighting (2021-2030) ($MN)
Table 6 Global Emergency Lighting Market Outlook, By Other Types (2021-2030) ($MN)
Table 7 Global Emergency Lighting Market Outlook, By Offering (2021-2030) ($MN)
Table 8 Global Emergency Lighting Market Outlook, By Software (2021-2030) ($MN)
Table 9 Global Emergency Lighting Market Outlook, By Hardware (2021-2030) ($MN)
Table 10 Global Emergency Lighting Market Outlook, By Services (2021-2030) ($MN)
Table 11 Global Emergency Lighting Market Outlook, By Battery Type (2021-2030) ($MN)
Table 12 Global Emergency Lighting Market Outlook, By NI–MH (2021-2030) ($MN)
Table 13 Global Emergency Lighting Market Outlook, By Ni–CD (2021-2030) ($MN)
Table 14 Global Emergency Lighting Market Outlook, By LiFepo4 (2021-2030) ($MN)
Table 15 Global Emergency Lighting Market Outlook, By Lead–Acid (2021-2030) ($MN)
Table 16 Global Emergency Lighting Market Outlook, By Other Battery Types (2021-2030) ($MN)
Table 17 Global Emergency Lighting Market Outlook, By Power System (2021-2030) ($MN)
Table 18 Global Emergency Lighting Market Outlook, By Central Power System (2021-2030) ($MN)
Table 19 Global Emergency Lighting Market Outlook, By Self-Contained Power System (2021-2030) ($MN)
Table 20 Global Emergency Lighting Market Outlook, By Hybrid Power System (2021-2030) ($MN)
Table 21 Global Emergency Lighting Market Outlook, By Other Power Systems (2021-2030) ($MN)
Table 22 Global Emergency Lighting Market Outlook, By Light Source (2021-2030) ($MN)
Table 23 Global Emergency Lighting Market Outlook, By Light - Emitting Diode (LED) (2021-2030) ($MN)
Table 24 Global Emergency Lighting Market Outlook, By Incandescent (2021-2030) ($MN)
Table 25 Global Emergency Lighting Market Outlook, By Fluorescent Lighting (2021-2030) ($MN)
Table 26 Global Emergency Lighting Market Outlook, By Induction (2021-2030) ($MN)
Table 27 Global Emergency Lighting Market Outlook, By Other Light Sources (2021-2030) ($MN)
Table 28 Global Emergency Lighting Market Outlook, By End User (2021-2030) ($MN)
Table 29 Global Emergency Lighting Market Outlook, By Residential (2021-2030) ($MN)
Table 30 Global Emergency Lighting Market Outlook, By Commercial (2021-2030) ($MN)
Table 31 Global Emergency Lighting Market Outlook, By Industrial (2021-2030) ($MN)
Table 32 Global Emergency Lighting Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings