Market Size of Emergency Lighting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.22 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Emergency Lighting Market Analysis
The emergency lighting market is expected to witness a CAGR of 7.22%, during the forecast period (2021 - 2026). The increasing demand for energy-efficient lighting systems across the commercial, residential, and industrial sectors is driving the growth of low power consumption bulbs in the emergency lighting system.
- The growing emphasis on strict fire and safety regulations by governments across the world is driving the market. For instance, the regulations, such as Occupational Safety and Health Administration (OSHA) Code of Federal Regulations, NFPA 70 - National Electric Code, NFPA 101 - Life Safety Code, International Fire Code, NFPA 1997 5-9.3, and Standard Fire Prevention Code 1999, are some of the regulations for testing and maintaining 'Exit and Emergency Lighting' systems across the world.
- The growing number of construction projects across the world is promoting the growth prospect for emergency lighting. According to CSCEC, the newly added housing construction area in China increased by over 43%, from 2015 to 2018.
- The government regulations for industrial emergency lighting are driving the growth of the market. For instance, Larson Electronics launched a vast line of portable LED lighting systems for use in industrial and combustible environments. These explosion-proof LED units can be used in Class I, II, and III flammable environments, hazardous locations, and confined spaces.
Emergency Lighting Industry Segmentation
Emergency lightening ensures that the lighting is provided consistently and automatically for a sufficient amount of time during a power outage or certain emergency situations that enable the people trapped in such blackout situations to evacuate safely. This report segments the market by the light source, end-user application, and region.
| Light Source | |
| LED | |
| Fluroscent Lamps | |
| High-intensity Discharge (HID) Lamps |
| End-user Application | |
| Industrial | |
| Residential | |
| Commercial (Office, Malls, etc.) | |
| Other End-user Applications ( Railways, Aircraft, etc.) |
| Geography | ||||||
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Emergency Lighting Market Size Summary
The emergency lighting market is experiencing significant growth, driven by the increasing demand for energy-efficient lighting solutions across various sectors, including commercial, residential, and industrial. This demand is further fueled by stringent fire and safety regulations implemented by governments worldwide, which mandate the testing and maintenance of emergency lighting systems. The market is also benefiting from the rise in construction projects globally, as new developments require compliant and efficient lighting solutions. The adoption of LED technology is on the rise due to its energy-saving and cost-effective properties, with governments promoting policies to replace traditional incandescent lights with LEDs. This shift is particularly evident in initiatives like Australia's move to enhance energy efficiency and India's Automatic Headlamp On safety measure for two-wheelers.
The Asia-Pacific region is poised for the highest growth rate in the emergency lighting market, supported by government programs and rapid urbanization in countries such as India, China, and Japan. These developments are driving increased infrastructure spending and the adoption of emergency lighting systems. The competitive landscape is marked by high rivalry among major players like Eaton, Emerson, and Schneider Electric, who leverage innovation and strategic partnerships to maintain their market positions. These companies invest heavily in research and development to introduce new products that meet evolving consumer needs, thereby securing a larger market share.
Emergency Lighting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Value Chain/Supply Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Introduction to Market Drivers and Restraints
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1.5 Market Drivers
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1.5.1 Increasing Penetration of LED across Diversified Industrial Applications
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1.5.2 Technological Advancements in Lighting Industry
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1.5.3 Growing Global Construction Industry
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1.6 Market Restraints
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1.6.1 Huge Capital Investment and Operational Cost
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1.7 Market Opportunities
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2. MARKET SEGMENTATION
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2.1 Light Source
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2.1.1 LED
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2.1.2 Fluroscent Lamps
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2.1.3 High-intensity Discharge (HID) Lamps
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2.2 End-user Application
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2.2.1 Industrial
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2.2.2 Residential
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2.2.3 Commercial (Office, Malls, etc.)
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2.2.4 Other End-user Applications ( Railways, Aircraft, etc.)
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 Latin America
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2.3.4.2 Middle-East & Africa
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Emergency Lighting Market Size FAQs
What is the current Emergency Lighting Market size?
The Emergency Lighting Market is projected to register a CAGR of 7.22% during the forecast period (2024-2029)
Who are the key players in Emergency Lighting Market?
EATON CORPORATION, Emerson Electric Co., Schneider Electric, Hubbell Lighting Inc. and Legrand SA are the major companies operating in the Emergency Lighting Market.
