USD 2.5 Billion
Emergency Lighting Systems Market Size, Share, Growth Analysis, By Product(LED and Centralised), By End user(Commercial Sector, and Healthcare Sector), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2163 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
60
|Figures:
75
Emergency Lighting Systems Market Insights
Emergency Lighting Systems Market size was valued at USD 2.7 Billion in 2022 and is poised to grow from USD 2.91 Billion in 2023 to USD 5.31 Billion by 2031, at a CAGR of 7.80% during the forecast period (2024-2031).
The global emergency lighting systems market is driven by several factors. Firstly, stringent safety regulations and building codes mandate the installation of emergency lighting systems in commercial buildings, industrial facilities, and public spaces, fostering the demand for these systems globally. Secondly, increasing awareness about the importance of emergency preparedness and safety measures is prompting businesses and organisations to invest in reliable and efficient emergency lighting solutions. Moreover, the rising number of infrastructure developments, including commercial complexes, airports, and educational institutions, drives the demand for emergency lighting systems to comply with safety standards. The market is also influenced by technological advancements in lighting technology, such as LED (Light Emitting Diode) and battery technologies, which offer energy efficiency and longer operational life, reducing maintenance costs for end-users. However, the market faces some challenges.
Economic uncertainties, budget constraints, and fluctuating raw material costs can impact market growth. Additionally, the COVID-19 pandemic has affected construction and infrastructure projects, leading to delays and reduced investment in emergency lighting systems. Ensuring compatibility with existing building structures and retrofitting older buildings with modern emergency lighting solutions may also present challenges for manufacturers and suppliers. Nevertheless, the increasing emphasis on safety and security across various industries, along with advancements in lighting technology, is expected to drive the Global Emergency Lighting Systems Market in the coming years.
US Emergency Lighting Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
LED
Fastest Growth
LED
Growth Rate
7.8% CAGR
Global Emergency Lighting System Market ($ Bn)
Country Share for North America Region (%)
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Emergency Lighting Systems Market Segmental Analysis
The global emergency lighting systems market is segmented on the basis of product, end user, and region. By product, the market is segmented into LED and Centralised. By end user, the market is segmented into Commercial Sector and Healthcare Sector. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Emergency Lighting Systems Market Analysis By Product
The dominant segment in the product type category is the LED emergency lighting systems. LED technology has revolutionised the emergency lighting industry, offering several advantages such as energy efficiency, longer lifespan, and reduced maintenance costs. LED emergency lighting systems have replaced traditional incandescent and fluorescent lighting due to their superior performance, making them the preferred choice for various applications.
The centralised emergency lighting systems are emerging as the fastest-growing segment. Centralised systems provide a comprehensive approach to emergency lighting by connecting multiple lighting units to a centralised power source. This setup simplifies maintenance, monitoring, and control, making it increasingly popular in large commercial buildings, hospitals, and educational institutions.
Emergency Lighting Systems Market Analysis By End user
The dominant segment in the end-user industries category is the commercial sector, which includes office buildings, shopping malls, hotels, and retail outlets. The commercial sector accounts for a significant share of the emergency lighting systems market due to stringent safety regulations and the need to protect occupants in case of emergencies or power failures.
The healthcare sector is experiencing rapid growth in the adoption of emergency lighting systems. Hospitals and healthcare facilities require reliable and efficient emergency lighting to ensure the safety of patients, staff, and visitors during critical situations. The increasing number of healthcare facilities and the focus on patient care and safety are driving the demand for emergency lighting systems in this sector.
Global Emergency Lighting System Market By Product
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Emergency Lighting Systems Market Regional Insights
North America stands as the dominant region in the global emergency lighting systems market. The region's dominance is attributed to stringent safety regulations and building codes that mandate the installation of emergency lighting systems in commercial and public spaces. Moreover, North America is home to several established manufacturers and suppliers of emergency lighting systems, providing a wide range of products and solutions to cater to diverse customer needs. The presence of a mature infrastructure, extensive commercial complexes, and a focus on safety in the region further contribute to its dominant position in the market.
As for the Asia-Pacific region, it emerges as the fastest-growing market for emergency lighting systems. The Asia-Pacific region has witnessed rapid urbanisation, increasing infrastructure development, and a booming construction industry. With growing awareness of safety measures and the implementation of regulations to enhance building safety standards, the demand for emergency lighting systems is on the rise. Additionally, the region's expanding commercial and industrial sectors, along with the increasing number of educational institutions and healthcare facilities, drive the need for reliable emergency lighting solutions. As a result, Asia-Pacific presents significant growth opportunities for manufacturers and suppliers, making it the fastest-growing segment in the Global Emergency Lighting Systems Market.
Global Emergency Lighting System Market By Region
- Largest
- Fastest
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Emergency Lighting Systems Market Dynamics
Emergency Lighting Systems Market Drivers
Increasing Awareness of Safety Measures
- Growing awareness of safety measures, both among businesses and individuals, is driving the demand for emergency lighting systems. People are increasingly recognizing the importance of being prepared for emergencies, such as power outages, fire incidents, or natural disasters, and are investing in reliable lighting solutions to enhance their safety during critical situations.
Rapid Urbanization and Infrastructure Development
- The rapid urbanisation and infrastructure development in emerging economies are contributing to the growth of the Global Emergency Lighting Systems Market. As more commercial complexes, shopping malls, airports, and educational institutions are constructed, there is a heightened demand for emergency lighting systems to comply with safety standards and ensure occupant safety.
Emergency Lighting Systems Market Restraints
Economic Uncertainties and Budget Constraints
- Economic uncertainties and budget constraints in various regions can impact the market growth. During economic downturns, businesses and organisations may postpone or reduce investments in emergency lighting systems, affecting the market's expansion.
Impact of COVID-19 Pandemic
- The COVID-19 pandemic has disrupted businesses and construction projects, leading to delays and reduced investments in infrastructure development. The uncertainty caused by the pandemic has affected the demand for emergency lighting systems in the short term.
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Emergency Lighting Systems Market Competitive Landscape
The global emergency lighting systems market features a competitive landscape with a diverse array of players, including manufacturers, suppliers, and distributors, striving to capture market share and meet the growing demand for reliable emergency lighting solutions. The absence of specific company names allows us to focus on the broader competitive dynamics within the industry. Key factors shaping the competitive landscape include product innovation, technological advancements, compliance with safety regulations, and the ability to offer efficient and cost-effective solutions. Manufacturers are continuously investing in research and development to introduce cutting-edge technologies, such as LED lighting and smart control systems, that enhance energy efficiency and improve the performance of emergency lighting systems. Suppliers play a crucial role in the distribution of emergency lighting products to various end-user industries, ensuring a widespread reach and availability of solutions.
Compliance with stringent safety regulations and certifications is essential for companies operating in this market. Meeting industry standards and obtaining necessary approvals demonstrate the commitment to safety and enhance the reputation of the players. The competitive landscape is also influenced by the ability of companies to provide comprehensive lighting solutions tailored to different sectors and applications. As various industries, such as commercial, healthcare, and industrial, have unique requirements for emergency lighting, companies that offer versatile and customizable solutions gain a competitive edge. Furthermore, the Global Emergency Lighting Systems Market is witnessing increasing partnerships and collaborations among players to expand their geographic presence and leverage each other's expertise. These collaborations enable companies to access new markets, strengthen their product portfolios, and enhance their capabilities.
Emergency Lighting Systems Market Top Player’s Company Profile
- Philips Lighting (now Signify)
- Hubbell Incorporated
- Acuity Brands, Inc.
- Osram GmbH
- ABB Ltd.
- Schneider Electric SE
- Fulham Co., Inc.
- NVC Lighting Holding Limited
- Daisalux
- Beghelli S.p.A.
- Ventilux Ltd.
- Thomas & Betts Corporation
- Emergi-Lite (Thomas & Betts brand)
- Chalmit Lighting
- Cooper Industries (acquired by Eaton Corporation)
- Ligman Lighting Co., Ltd.
- Fagerhult Group
Emergency Lighting Systems Market Recent Developments
- In January 2023, Acuity Brands announced the launch of its new LED emergency lighting system. This system is designed to provide better visibility and safety in the event of a power outage. The system uses high-efficiency LEDs that produce a bright, uniform light that helps to reduce shadows and glare. The system also includes a number of features that help to extend the lifespan of the lights, such as thermal management and dust/water protection.
Emergency Lighting Systems Key Market Trends
- Smart Lighting and Controls: The integration of smart lighting and control systems is gaining traction in the emergency lighting market. Smart emergency lighting solutions use advanced sensors and controls to adjust lighting levels based on occupancy, ambient light, and emergency scenarios. These systems enhance energy efficiency and allow for more effective monitoring and management of emergency lighting networks.
- Focus on Compliance and Safety: Stringent safety regulations and building codes globally are driving the demand for compliant emergency lighting systems. Businesses and organisations are prioritising the installation of emergency lighting to ensure compliance with safety standards and to provide adequate illumination during emergencies or power outages.
Emergency Lighting Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global emergency lighting systems market analysis, North America holds its dominant position with established safety standards, the Asia-Pacific region's rapid economic growth and focus on safety are propelling it as a key growth market. The Global Emergency Lighting Systems Market has exhibited robust growth and transformation driven by stringent safety regulations, technological advancements, and a growing focus on energy efficiency and sustainability. The widespread adoption of LED technology has revolutionised the industry, offering energy-efficient lighting solutions with longer operational lifespans. Additionally, the integration of smart lighting and control systems has enhanced the efficiency and effectiveness of emergency lighting networks, optimising energy consumption and enabling remote monitoring.
Compliance with safety regulations has been a pivotal driver, prompting businesses, healthcare facilities, educational institutions, and commercial complexes to invest in reliable emergency lighting systems. The market's expansion has been further fueled by infrastructure development, urbanisation, and a rising awareness of safety measures across various regions. Customization and tailored solutions have emerged to meet diverse industry-specific requirements. As the industry continues to evolve, the emphasis on retrofitting and upgrades, coupled with advancements in battery technology, is anticipated to drive further growth. Remote monitoring capabilities and IoT integration are expected to streamline maintenance practices and enhance system reliability. The Global Emergency Lighting Systems Market is poised for continued progress as manufacturers and suppliers leverage innovation and compliance measures to ensure safety and security during critical situations globally.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.7 Billion |
| Market size value in 2031 | USD 5.31 Billion |
| Growth Rate | 7.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Emergency Lighting Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Emergency Lighting Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Emergency Lighting Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Emergency Lighting Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Emergency Lighting Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Emergency Lighting Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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