Emergency Lighting Market Analysis With Future Trends by 2023

The emergency lighting market is expected to reach $7.4 billion by 2024 and registering a CAGR of 7.6% during 2019-2024. The growth in the market would be attributed to growing number of construction projects, globally as well as technological advancements in the lighting industry.

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Based on battery type, global emergency lighting market is segmented into nickel-cadmium (Ni-Cd), nickel-metal hydride (Ni-MH), lithium-ion (Li-ion), and Lead-acid. Among these, Li-ion battery category held largest share in the market, accounting for an estimated share of around 39% in 2018.

Based on light source, emergency lighting market is categorized into fluorescent, light emitting diode (LED), incandescent, induction, and others; wherein ‘others’ include high intensity discharge (HID), cold cathode and halogen lamps. Among these, LED light category held largest share in the market, accounting an estimated share of over 40% in market in 2018.

North America is the largest market for emergency lighting, contributing over 30% to the global emergency lighting market in 2018. This is attributed to rise in construction of commercial and residential buildings in the U.S., increasing focus of the U.S. government on energy efficient lighting in buildings, and strict safety norms toward the installation of emergency lights in commercial buildings in the country.

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Some of the key players operating in the emergency lighting market are Osram Licht AG, Hubbell Incorporated, Eaton Corporation plc, Signify Holding, Syska LED Lights Pvt Ltd., Zumtobel Group AG, Acuity Brand Inc., Schneider Electric SE, Legrand S.A., Daisalux S.A.U., and Larson Electronics LLC.

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Comments

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  2. LED Light ExpertJanuary 5, 2021 at 1:04 AM

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