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2022

Emergency Lighting Market

Emergency Lighting Market Size, Share, Competitive Landscape and Trend Analysis Report by Offering, by Power System, By Lighting Type and Application : Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Himanshu Jangra| Asavari Patil | Sonia Mutreja
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Emergency Lighting Market Outlook – 2030

The emergency lighting market size was valued at $5.48 billion in 2020, and is projected to reach $10.73 billion by 2030, registering a CAGR of 6.9% from 2021 to 2030. An emergency light is a battery-backed lighting device that self-powers and switches on automatically when the main power supply is cut and normal light falls. The death of the main power supply can be due to fire or a power cut and failure of normal lighting supplies. The newly constructed offices and houses among others have installed emergency lights installed in it. It also has residential, commercial, and industrial applications.

Incorporating LEDs in red or green exit signs has been one of the most essential technological advancements in emergency lighting. Most exit signs in the emergency lighting industry now practice emergency lighting technology as it has enhanced cost-competitive when compared to other traditional illumination sources, is long-lived, and is more energy-efficient. This emergency lighting is also required in public places such as education institutions, healthcare centers, industrial buildings, and other public places so that individuals can be evacuated safely at the time of emergency.

Emergency-Lighting-Market

Factors such the growing government initiatives to support the adoption of energy-efficient lighting solutions, the growing number of construction projects across the world, and rise in adoption of energy efficient lighting products are expected to drive growth of the market in the future. However, high capital investment and operational cost acts as major barrier and hampers the market growth. Furthermore, factors such as the constant developments in technologies and the growing demand for software for effectively monitoring and controlling the lights across the globe are expected to offer lucrative opportunities for growth of the market.

Segment Overview

The emergency lighting market is analyzed by offering, power system, lighting type, application and region. By Offering the market is divided into Hardware, Software and Services. By Power System, the market is divided into Self-Contained Power System, Central Power System and Hybrid Power System. By lighting type, the market is divided into fluorescent lighting, LED, incandescent, others (Cathode, Halogen, Induction).  By application, it is divided into residential, industrial and commercial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.

Emergency Lighting Market
By Offering
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Software segment is projected as one of the most lucrative segments.

Competitive Analysis

Competitive analysis and profiles of the major emergency lighting market players in the report include Acuity Brands, Syska, Daisalux, Eaton Corporation, Hubbel Lighting Inc, Legrand, Osram Licht Ag, Philips Lighitng Holding B.V, Schneider Electric SE and Zumtobel Group. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

COVID-19 Banner

The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.

Emergency Lighting Market
By Power System
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Self-Contained Power System segment is projected as one of the most lucrative segments.

The COVID-19 pandemic has impacted the society and overall economy across the globe. The impact of this outbreak has grown day-by-day that affects the supply chain. This has created uncertainty in the stock market; decreased business confidence, slowed supply chain, and increased panic among customers. European countries under lockdown have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to slowdown in growth of the emergency lighting market in 2020.

According to the emergency lighting market trends, the COVID-19 pandemic has severely impacted the global manufacturing and industrial sectors as production facilities have stalled, which, in turn, led to significant demand in industries.

Emergency Lighting Market
By Lighting Type
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LED segment is projected as one of the most lucrative segments.

Emergence of COVID-19 has declined growth of the emergency lighting market in 2020, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for decline in growth rate of the market as industries were temporarily shut, it reduced the need for maintenance from various industries.

Top Impacting Factors

The significant impacting factors in the global emergency lighting market growing government initiatives to support the adoption of energy-efficient lighting solutions, the growing number of construction projects across the world, and rise in adoption of energy efficient lighting products are expected to drive growth of the market in the future. However, high capital investment and operational cost acts as major barrier and hampers the market growth. Furthermore, factors such as the constant developments in technologies and the growing demand for software for effectively monitoring and controlling the lights across the globe are expected to offer lucrative opportunities for growth of the market. Each of these factors is anticipated to have a definite impact on the global emergency lighting market during the forecast period.

Emergency Lighting Market
By Application
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Industrial segment is projected as one of the most lucrative segments.

Growing Government Initiatives to Support the Adoption of Energy Efficient Lighting Solutions.

Growing government initiatives will reduce countries’ GHG emissions, generate significant economic benefits, enhance energy security, and improve people’s wellbeing. For instance, in January 2010, enlighten was formed to leverage this opportunity a lighting initiative, enlighten aimed to accelerate a global market transformation to energy efficient lighting technologies, as well as to develop strategies to transition to energy-efficient lamps. It was a public-private partnership (PPP) between the UN Environment, OSRAM and Philips Lighting, supported by the Global Environment Facility (GEF). As part of the partnership, the National Lighting Test Centre of China established the Global Efficient Lighting Centre (GELC), and the Australian Government supported developing countries in Southeast Asia and the Pacific. The initiative  supports countries in their transition to the use of energy-efficient lighting, appliances and equipment. This growth factor will help governments to drive the growth of the market.

Various Design-related Issues

Custom design comes with higher first cost, in purchase of additional equipment for an installation. This later leads to higher installation and commissioning costs, due to time to set the controls system correctly. Further, to manage the system, customer may require expert consultant or technician to provide the knowledge of the system. Switching from custom design to company made design may cost extra errands for the setup. Local production of emergency lights may affect their business due to such restraints.

Emergency Lighting Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 8.0% during 2020-2030

Key Benefits for Stakeholders

  • This study comprises analytical depiction of the emergency lighting market size, emergency lighting market growth along with the current trends and future estimations to depict imminent investment pockets.
  • The overall emergency lighting market analysis and emergency lighting market outlook is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and emergency lighting market opportunities with a detailed impact analysis.
  • The present emergency lighting market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.
  • The report includes the market trends, emergency lighting market size and the emergency lighting market share of key vendors.

Emergency Lighting Market Report Highlights

Aspects Details
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By Offering
  • Hardware (Lights and Luminaires, Control Systems, Others)
  • Software
  • Services (Pre and Post Installation Services)
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By Power System
  • Self-Contained Power System
  • Central Power System
  • Hybrid Power System
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By Lighting Type
  • Fluorescent Lighting
  • LED
  • Incandescent
  • Others (Cathode, Halogen, Induction)
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By Application
  • Residential
  • Industrial
  • Commercial
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe   (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)

Analyst Review

The emergency lighting market is competitive, owing to strong presence of existing vendors. emergency lighting companies, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the market requirements. Competitive environment in the emergency lighting market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by firms.

The emergency lighting market holds a substantial scope for growth on a global scale. Recent discoveries and innovations have created vast opportunities for numerous players to step in the emergency lighting market.

Increase in focus of manufacturing companies to improve safety and security by offering and surge in demand for IoT based system and devices drive the market growth. Lack of awareness and limited life spanis the biggest limitation for the market growth.

Surge in competition and reduced awareness among small scale manufactures are the key factors that hamper growth of the market. Increase in awareness for need of emergency lighting and rise in concerns for safety and quality are the factors opportunistic for the emergency lighting market growth.

 

Author Name(s) : Himanshu Jangra| Asavari Patil | Sonia Mutreja
Frequently Asked Questions?

The emergency lighting market is estimated to grow at a CAGR of 6.9% from 2021 to 2030.

The emergency lighting market is projected to reach $10.73 billion by 2030.

To get the latest version of sample report

Constant developments in technologies and the growing demand for software for effectively monitoring and controlling the lights.

The key players profiled in the report include Acuity Brands, Syska, Daisalux, Eaton Corporation, Hubbel Lighting Inc, Legrand, and many more.

On the basis of top growing big corporations, we select top 10 players.

The emergency lighting market is segmented on the basis of offering, power system, lighting type, application and region.

The key growth strategies of emergency lighting market players include product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration.

Software segment would grow at a highest CAGR of 9.0% during the forecast period.

Industrial segment will dominate the market by the end of 2030.

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Emergency Lighting Market

Global Opportunity Analysis and Industry Forecast, 2021-2030