The emergency lighting global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Emergency Lighting Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The emergency lighting market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to safety regulations, urbanization and infrastructure growth, power outages, fire safety codes, resilience and disaster preparedness.
The emergency lighting market size is expected to see strong growth in the next few years. It will grow to $9.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to green building practices, iot integration, smart building solutions, resilience and disaster preparedness, adaptive lighting. Major trends in the forecast period include technological advancements, battery technology advancements, led technology adoption, centralized monitoring and control, sustainability and energy efficiency.
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Scope Of Emergency Lighting Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6.Macro Economic Factors: Assessment of broader economic elements impacting the market.
Emergency Lighting Market Overview
Market Drivers –
The growth in the construction sector is expected to propel the growth of the emergency lighting market going forward. Emergency lighting is required on construction sites to ensure the safety of the construction workers because, construction sites often have construction materials, electrical switchboards, portable equipment, and other obstructions in the way of evacuation routes that obstruct quick evacuation during an emergency. For instance, according to the Indian Ministry of Statistics and Programme Implementation, in 2022, the construction sector is expected to grow in double digits at 10.7%. Therefore, growth in the construction sector is driving the growth of the emergency lighting market.
The emergency lighting market covered in this report is segmented –
1) By Power System: Self-Contained, Central, Hybrid
2) By Offering: Hardware, Software, Services
3) By Battery: Ni–Cd, Ni–MH, LiFePO4, Lead–Acid
4) By End-User: Residential, Commercial, Industrial, Other End-Users
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Regional Insights –
North America was the largest region in the emergency lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the emergency lighting market during the forecast period. The regions covered in the emergency lighting market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the emergency lighting market include Acuity Brands Inc., Syska LED Lights Private Limited, Eaton Corporation plc, Hubbell Incorporated, Legrand Group, OSRAM Licht AG, Signify Holding, Schneider Electric SE, Zumtobel Group AG, Daisalux S.A.U., Emerson Electric Co., Larson Electronics LLC, ABB Group, Acuity Brands Inc., Beghelli S.p.A., Fagerhult AB, Glamox AS, HADLER GmbH, Herbert Waldmann GmbH & Co. KG, iGuzzini illuminazione S.p.A., LIGMAN Lighting Co. Ltd., Lumenpulse Group Inc., NVC Lighting Technology Corporation, Opple Lighting Co. Ltd., PAK Corporation, R. STAHL AG, Raytec Ltd., Safelincs Ltd., SCHRÉDER Group, SITEM S.p.A., Thorlux Lighting, Trilux GmbH & Co. KG, WISKA Hoppmann GmbH
Table of Contents
1. Executive Summary
2. Emergency Lighting Market Report Structure
3. Emergency Lighting Market Trends And Strategies
4. Emergency Lighting Market – Macro Economic Scenario
5. Emergency Lighting Market Size And Growth
…..
27. Emergency Lighting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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