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Emergency Lighting Market by Power System & Geography - Global Forecast 2022 | MarketsandMarkets

The report "Emergency Lighting Market by Power System (Self-Contained, Central, and Hybrid), Battery Type (Ni-Cd, Ni-MH, LiFePO4, and Lead-Acid), Light Source (Fluorescent, LED, Incandescent, Induction), Offering, Application, and Geography - Global Forecast to 2022",

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Emergency Lighting Market by Power System & Geography - Global Forecast 2022 | MarketsandMarkets

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  1. MarketsandMarkets Presents Emergency Lighting Market by Power System & Geography - Global Forecast 2022 | MarketsandMarkets The emergency lighting market is expected to be valued at USD 6.68 billion by 2022, growing at a CAGR of 7.83% between 2017 and 2022. Emergency light is used as a safety precaution during power outages so that people can find their way out of a place and prevent accidents. Hence, these are essentially used in residential, commercial, and industrial applications. The base year considered for the study is 2016, and the forecast is provided for the period 2017–2022.

  2. LiFePO4 stands for lithium-iron phosphate battery. It is a kind of lithium-ion battery which has long life, high temperature resistance and have small volume and light weight. LiFeP04 is becoming the preferred choice for emergency lighting not only because the batteries are physically smaller but also they draw far less power when they are charging. LiFeP04 can also last twice as long as traditional emergency lighting batteries such as nickel cadmium or nickel metal hydride. Therefore, they are largely deployed for emergency lighting systems. LEDs are energy-efficient and their price has been declining since the last few years. Therefore, they are largely used for emergency lighting systems. The market for incandescent light is declining because these are often considered as the least energy-efficient type of lighting commonly found in residential buildings. The old-generation light sources are being slowly phased out and LEDs are preferred as they offer a longer working life and also consume less energy. The emergency lighting market is rapidly expanding in APAC. The focus on real estate projects where lighting is a basic requisite is a major driver for the growth of this market. The countries such as India and China within Asia Pacific are still seeing rapid urbanization. Hence, the overall growth and demand for infrastructure is higher compared to Europe and North America.

  3. The emergency lighting market is expected to reach USD 6.68 billion by 2022, at a CAGR of 7.83% between 2017 and 2022. The demand for emergency lighting is increasing because of several factors such as technological advancements taking place in the lighting industry, declining average selling price of LEDs, and increased infrastructure growth in various developing countries such as India, China, and South Korea. The report covers the emergency lighting market segmented on the basis of power system, battery type, light source, application, offering, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges. It also profiles the key players operating in the emergency lighting market. On the basis of power system, the emergency lighting market has been segmented into self-contained power system, central power system, and hybrid systems. The market for self-contained power system is expected to grow at the highest CAGR during the forecast period. Self-contained batteries provide the required emergency lighting from a decentralized source, independent of central battery system. Therefore, it is a highly economical solution when used in extensively. 

  4. Some of the major players operating in the emergency lighting market are Philips Lighting Holding B.V. (Netherlands), Hubbell Lighting Inc. (US), Cooper Industries (Ireland), Schneider Electric SE (France), Emerson (US), Legrand S.A. (France),  Acuity Brands (US), Beghelli S.p.A. (Italy), Daisalux (Spain), Zumtobel Group (Austria),  OSRAM Licht AG (Germany), Digital Lumens (US), Fulham Co. Inc. (US), Arrow Emergency Lighting Limited (Ireland), Arts Energy (France), and Taurac (US). Contact:MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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