The Emergency Lighting Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Emergency Lighting Global Market Report 2024, 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.
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.
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The emergency lighting market covered in this report is segmented –
1) Emergency Lighting Market By Power System: Self-Contained, Central, Hybrid
2) Emergency Lighting Market By Offering: Hardware, Software, Services
3) Emergency Lighting Market By Battery: Ni–Cd, Ni–MH, LiFePO4, Lead–Acid
4) Emergency Lighting Market By End-User: Residential, Commercial, Industrial, Other End-Users
Major companies operating in the emergency lighting market are focused on introducing next-generation solutions to gain a competitive edge in the market. Next-generation solutions for emergency lighting are being developed to improve the effectiveness and efficiency of emergency lighting systems. For instance, in March 2023, Hochiki, a Japan-based manufacturer of fire detection and emergency lighting products, launched FIREscape Nepto, the next generation of emergency lighting systems. Like its predecessor, FIREscape Nepto complies with BS 5266 and is built on an addressable emergency lighting control panel with addressable, standalone LED luminaires and exit signs that operate at an exceptionally low operating voltage. The new system is also backwards compatible with the current panels and gadgets from the earlier FIREscape series, ensuring project continuity. In contrast to centralized battery or mains-powered systems, FIREscape Nepto can continuously self-test and monitor itself, making installation and maintenance of the new system quick, simple, and less expensive.
The emergency lighting market report table of contents includes:
1. Executive Summary
2. Emergency Lighting Market Characteristics
3. Emergency Lighting Market Trends And Strategies
4. Emergency Lighting Market - Macro Economic Scenario
5. Global Emergency Lighting Market Size and Growth
......
31. Global Emergency Lighting Market Competitive Benchmarking
32. Global Emergency Lighting Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Emergency Lighting Market
34. Emergency Lighting Market Future Outlook and Potential Analysis
35. Appendix
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Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the emergency lighting inverters market include Signify, Hubbell, Vertiv, ABB, Acuity Brands, Perfect Power Systems, Controlled Power, Staco Energy, Myers Emergency Power Systems, Online Power.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Emergency Lighting Inverters Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/emergency-lighting-inverters-market/download-sampleMarket DynamicsThe global emergency lighting inverters market is propelling with the growing need for alternative lighting solutions in the absence of regular power supply in commercial, industrial, or residential including apartments, plants, airports, seaports, corporates, hospitals, high profile institutions, among others.
Rising advancements and technological developments in emergency lighting inverters solutions are bringing new launches.
Thus, emergency lighting inverters are broadly installed for indoor and outdoor lighting applications, such as offices, schools, hospitals, public buildings, industrial applications, retail environments, and even parking garages.
However, the higher total cost of ownership is hindering the global emergency lighting inverters market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
The need to ensure proper facilities such as the lighting in the event of an accident is motivating the emergency lighting market 2020.
The semiconductor and electronics industry reports are set out by Market Research Future, which centers on market choices for expansion.
Moreover, the need to improve the performance parameters is expected to further define the development of the market in the coming period.Competitive AnalysisThe stimulus of currency stabilization is also expected to set up a favorable ground for market expansion in the years to come.
The positive effect of government regulations is estimated to reverberate throughout the market in the upcoming period.
The market is also projected to gain growth momentum due to the constructive steps that the market players are undertaking in the market.The noticeable companies in the emergency lighting market are Hubbell Lighting Inc. (U.S.), Daisalux (Spain), Cooper Industries (Ireland), Beghelli S.p.A. (Italy), Emerson (US), Schneider Electric SE (France), Philips Lighting Holding B.V. (Netherlands), Legrand S.A. (France), Acuity Brands (U.S.), Zumtobel Group (Austria), among others.Segmental Analysis The examination of the segments in the emergency lighting market is carried out on the basis of components, power system, battery, light source, application, and region.On the basis of components, the emergency lighting market comprises of software, hardware, and services.Based on the application, the emergency lighting market comprises of commercial, residential, industrial, among others.Based on regions, the emergency lighting market consists of North America, Europe, Asia Pacific, and the Rest of the global regions.Based on the power system, the emergency lighting market comprises of central, self-contained, hybrid, among others.On the basis of battery, the emergency lighting market comprises of Ni–MH, Ni–Cd, LiFePO4, Lead–Acid, among others.Based on the light source, the emergency lighting market comprises of incandescent, led, fluorescent, induction, among others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/3866 Detailed Regional Analysis The regional investigation of the emergency lighting market encompasses regions such as North America, Europe, Asia Pacific, and the rest of the global regions.
The collective demand for emergency lighting in the residential, commercial, and industrial sectors is inspiring the regional market in North America.
