Emergency Lights Market

Market Definition:

The Emergency Lights Market size was valued at USD 5.51 billion in 2021 and is predicted to reach USD 10.14 billion by 2030 with a CAGR of 6.3% from 2022-2030.

The emergency lightning system works on the principle of automated power to switch the lights immediately after power cut in the circuit. In addition, it gets off automatically when the normal electrical supply is restored and lays down the battery powered light reservoir system back into charging mode. Emergency lighting systems are powered by rechargeable cells that act as an alternative lighting source to many end-use industries such as aircrafts, railways, and residential buildings including hotels, apartments, and dormitories to assure continuous power supply during power cuts.

Market Dynamics and Trends

The demand for LED emergency lights is increasing due to technological advancements in the lighting Industry along with development of emergency lights embedded in aesthetic ambiance lighting. Also, rise in demand of emergency lights from construction industry and commercial buildings are also expected to propel the market growth during the forecast period.

However, surging prices and limited knowledge about the production procedure of emergency lights are the factors restraining the growth of market. On other hand, growing use of IOT (Internet of Things) based smart lights along with development of light with adaptive fast charging are expected to create ample growth opportunities for the market players in the coming years.

Market Segmentations and Scope of the Study:

The global emergency lights market share is analyzed on the basis of light source, offering, end-users, power source, battery type, distribution channel, and geography. On the basis of light source, the market is divided into light emitting diode (LED), incandescent, HID, induction, and fluorescent. Based on offering, the market is classified into hardware, software, and services. On the basis of power source, the market is segmented into self-contained, central, and hybrid. On the basis of battery type, the market is divided into Ni-CD, Ni-MH, LiFePO4, lead acid. On the basis of end-users, the market is classified into commercial, residential, and industrial. On the basis of distribution channel, the market is categorised into electrical equipment shops, supermarkets, hypermarkets, and online. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and Rest of the World.

Geographical Analysis

North America holds the lion share of emergency lights market at present and is expected to continue dominating the market during the forecast period. This is attributed to factors such as increasing usage of emergency lights in aviation industry along with technological advancements in lighting industry and increasing safety concerns.

However, Asia Pacific is expected to show a steady rise in the emergency lights market due to rapid increase in adoption of emergency lights in electronics and railway industry in this region. Moreover, rising focus on the urbanisation that promote emergency lights coupled with government initiatives such as Atal Mission for Urban Rejuvenation and Transformation (AMRUT), and make in India are expected to drive the emergency lights market growth in this region.

Competitive Landscape

The emergency lights market comprises of various market players such as EATON CORPORATION, Emerson Electric Co., Schneider Electric, Hubbell Lighting Inc., Legrand SA, Zumtobel, ABB Ltd., Hochiki, Dual-Lite, and Distech Controls Inc. These market players are adopting various joint venture strategies and planning expansion of business across various regions to maintain their dominance in the emergency lights market. For instance, in March 2020, ABB Ltd. had launched the NaveoPro system, that allows consumers to manage and check any tab on the maintenance and prerequisite of their emergency lighting installation through a mobile app.

Key Benefits

• The emergency lights market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the emergency lights market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on emergency lights market is provided in the report.

• The competitive analysis of the market players along with their market share in the emergency lights market.

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments

By Light Source

• Light Emitting Diode (LED)

• Incandescent

• HID

• Induction

• Fluorescent

By Offering

• Hardware

• Software

• Services

By Power Source

• Self-Contained

• Central

• Hybrid

By End-Users

• Commercial

• Residential

• Industrial

By Distribution Channel

• Electrical Equipment Shops

• Supermarkets

• Hypermarkets

• Online

By Battery Type

• Ni-CD

• Ni-MH

• LiFePO4

• Lead Acid

By Geography

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining Countries

Key Players

• EATON CORPORATION

• Emerson Electric Co.

• Schneider Electric

• Hubbell Lighting Inc.

• Legrand SA

• Zumtobel

• ABB Ltd

• Hochiki

• Dual-Lite

• Distech Controls Inc

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2021–2030
Base Year Considered	2021
Forecast Period	2022–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Light Source (Light Emitting Diode (LED), Incandescent, HID, Induction, and Fluorescent), by Offering (Hardware, Software, and Services), by Power Source (Self-Contained, Central, and Hybrid), by Battery Type (Ni-CD, Ni-MH, LiFePO4, Lead Acid), by End-Users (Commercial, Residential, and Industrial), and by Distribution Channel (Electrical Equipment Shops, Supermarkets, Hypermarkets, and Online)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining countries)
Companies Profiled	EATON CORPORATION, Emerson Electric Co., Schneider Electric, Hubbell Lighting Inc., Legrand SA, Zumtobel, ABB Ltd., Hochiki, Dual-Lite, and Distech Controls Inc.