Emergency Lightning Market Forecasts to 2028 – Global Analysis By Power System (Self-Contained Power System, Central Power System, Hybrid Power System), Battery Type (Ni-Cd, Ni-MH, LiFePO4 and Lead-Acid), Light Source (Fluorescent Lighting, Light Emitting

Emergency Lightning Market Forecasts to 2028 – Global Analysis By Power System (Self-Contained Power System, Central Power System, Hybrid Power System), Battery Type (Ni-Cd, Ni-MH, LiFePO4 and Lead-Acid), Light Source (Fluorescent Lighting, Light Emitting Diode (LED), Incandescent and Other Light Sources), Offering, Application and By Geography

According to Stratistics MRC, the Global Emergency Lightning Market is accounted for $6.39 billion in 2022 and is expected to reach $12.14 billion by 2028 growing at a CAGR of 11.3% during the forecast period. Emergency light is a battery-operated lighting device that turns on automatically and self-powers when the main power source is cut and normal light is no longer present. Emergency lights are installed in newly built homes, offices, and other buildings. Additionally, it has uses in residential, business, and industrial settings. One of the most important technological advancements in emergency lighting is the use of LEDs in red or green exit signs. Since emergency lighting technology is more durable, energy-efficient, and cost-competitive than other traditional illumination sources, it is now used in the majority of exit signs in the emergency lighting industry..

According to the Lighting Industry Association (LIA), during the lockdown, 89% of Lighting Industry Association (LIA) members said their businesses stayed open and 95% of their sales were restored.

Market Dynamics:

Driver:

Easy availability of cost-effective and attractive lights

The ease of accessibility to low-cost and attractive luminaires is expected to impact the market share positively during the forecast period. Additionally, the combination of emergency lighting with aesthetic lighting and technological advancements in the lighting industry are expected to expand the market share. Additionally, the global upswing in the construction industry and the declining average selling price of LEDs should both have a favorable effect on market growth.

Restraint:

High initial investments

The high cost of emergency power and lighting systems, equipment, installation, and wiring will somewhat reduce consumer preference. Emergency lighting systems powered by central batteries are less expensive, but they are less reliable and can negatively impact how well the system works as a whole. During the forecast period, these factors are anticipated to moderate the global emergency lighting market's revenue growth.

Opportunity:

Improved living standards

Improved living standards and rapid urbanization in various nations are also anticipated to spur market expansion and generate enormous demand. Additionally, the use of emergency lights in residential applications is being driven by the increase in home construction. For instance, based on application, the residential category had the largest market share in 2020. This is a result of the Middle East and Africa (MEA) and Asia Pacific regions having an increase in residential building and apartment construction. Another important factor propelling market expansion is the rising use of the lighting system in the aviation industry.

Threat:

Problems with establishing new manufacturing hubs

Manufacturers and investors face difficulties in a number of nations, mostly as a result of stringent government policies, such as laws and regulations relating to environmental measures. Furthermore, it is necessary to gather pertinent data from a drawing or a site survey before beginning any emergency lighting design because failing to do so could lead to an inadequate emergency lighting design system.

Covid-19 Impact:

The COVID-19 pandemic has impacted the society and overall economy across the globe. The supply chain is being more and more negatively impacted by this outbreak every day. This has led to increased customer panic, decreased business confidence, uncertainty in the stock market, and slowed supply chains. The closure of manufacturing facilities in the area has severely hurt business and revenue in lockdown-affected European nations. The COVID-19 outbreak has had a significant impact on the production and manufacturing processes, which has slowed the growth of the emergency lighting market in 2020.

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

The self-contained market is expanding at a profitable rate because it provides the quickest and easiest solution, has its own batteries, and operates on its own. They are frequently the most economical option for small to medium-sized projects because they require less time to install, are simple to expand upon or change in the future. Due to the lack of special wiring needed, installation costs are relatively low. They provide greater system integrity because there is no longer a need for specialized sub-circuit monitoring because each light is independent of the others.

The light-emitting diode segment is expected to have the highest CAGR during the forecast period

LEDs have undergone significant improvements and innovations, and for a variety of reasons, they are now widely accepted as the best lighting system for emergency lights. The fact that LEDs require less voltage, use less electricity, and are more affordable than other lighting options is a major contributing factor to their high level of preference. Light-emitting diodes are increasingly used as emergency lighting in both commercial and residential buildings and offices because they have no UV or heat emissions, are versatile in terms of design, have a long lifespan of about 50,000 hours, and can operate in a wide range of temperatures.

Region with largest share:

The Europe region market is estimated to witness a highest share of the global Emergency Lightning market during the forecast period, due to The development of intriguing emergency lighting that is integrated with fire escape systems as well as the presence of large corporations in the market in the region's nations are fostering the expansion of the Europe market's revenue. A variety of life safety solutions have been created by Hochiki Europe Ltd. of the UK, including FIREscape+, which combines emergency lighting systems and fire detection technology. Building owners in Europe are advised to install self-testing emergency lighting systems so that occupants can escape quickly in the event of a fire or other disaster.

Region with highest CAGR:

The Asia-Pacific region is expected to have the highest growth rate, over the forecast period. The governments in the Asia-pacific countries are actively promoting the adoption of emergency lighting, which is leading to the growth of the market. Various government flagship programs, including Housing for All, Atal Mission for Urban Rejuvenation and Transformation (AMRUT), Make in India, and Power for All, are expected to drive the growth of emergency lighting in the region. The rapid urbanization in developing countries, such as India, China, Japan, and South Korea, is also leading to an increase in construction.

Key players in the market

Some of the key players in Emergency Lightning market include Acuity Brands Inc., Arrow Emergency Lighting Limited, Beghelli S. P. A., Cooper Industries, Daisalux SAU, Diehl Stiftung & Co. KG, Digital Lumens, Eaton Corporation PLC, Schneider Electric, Energy Focus, Inc., Emerson Electric Co., Fulham Co. Inc., Hubbell Lighting, Inc., Koninklijke Philips NV, Legrand S.A., Lutron Electronics, Myers Group, Osram Licht AG, Orient Electric Limited, Philips Lighting Holding B.V., Schneider Electric SE, Taurac, Toshiba Corporation and Zumtobel Group

Key Developments:

In June 2022, Energy Focus, Inc. announced showcasing of three core product lines in the LightFair 2022 organized between 21 and 23 June 2022 at Las Vegas Convention Centre. One of the products, RedCap LED Emergency Battery Backup, is a general-purpose lighting as well as an emergency backup Tubular LED solution. The tube works both as a regular lamp, and also enables maintenance of operations in the event of power outages. The device reduces time and effort of maintenance as it eliminates the need for light source and emergency ballasts separately.

In November 2021 - Schneider Electric has won the ‘Outstanding Contribution to Sustainability and Efficiency’ category at the DCS Awards. During the event, 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, Orient Electric Limited launched a new range of Emergency LED lighting solutions, which include LED bulbs, LED Batten, LED Recess Panel, and Bulkhead. The lighting solutions provide a safe back-up for illumination up to 240 minutes during power outages, when the light products switch on automatically, thereby enabling continuation of regular operations. These newly launched emergency LEDs have built-in batteries which charge once power is restored, have long-life of 25,000 hours, and are cost-effective.

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

Battery Types Covered:
• Ni-Cd
• Ni-MH
• LiFePO4
• Lead-Acid

Light Sources Covered:
• Fluorescent Lighting
• Light Emitting Diode (LED)
• Incandescent
• Other Light sources

Offerings Covered:
• Hardware
• Software
• Other Offerings

Applications Covered:
• Residential
• Industrial
• Commercial
• Other Applications

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 2020, 2021, 2022, 2025, and 2028
- 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