Emergency Lights Market Global Size, Growth and Demand 2021 – Koninklijke Philips NV, Emerson Electric Co., Legrand SA

The Global Emergency Lights Market size is estimated to be USD 5.0 billion in 2019 and is predicted to reach USD 9.6 billion by 2030 with a CAGR of 6.1% from 2020-2030.

Emergency lights are battery operated devices that are generally used during power outages. They are fuelled by rechargeable cells that need to be charged for some hours before being used. They are an alternative lightening source to many end-use industries as well as residential and commercial complexes. The emergency lightning system works on the principle of automatic power switch on which happens due to break in the circuit. The light gets off automatically when the normal electrical supply prevails, putting the battery powered light reservoir back to charging.

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Top Companies: Koninklijke Philips NV, Emerson Electric Co., Legrand SA, Hubbell Lighting Inc., Zumtobel Group AG, Acuity Brands Inc., Eaton Corporation PLC, Schneider Electric SE, Fulham Co. Inc, Beghelli SpA, Arrow Emergency Lighting Limited and others.

Market Dynamics and Trends:

There has been increasing in emergency lights market to meet the demands of the growing residential and commercial sectors. Technological advancements to provide high quality light that consumes less energy are underway. Efforts are also underway to develop smart emergency lightening systems that would reduce carbon emission by 90%. Organic and next generation LED’s would be used in residential as well as commercial areas in the coming future.

Growing number of construction projects and urbanization are a great opportunity market for emergency lights system. The announcement by various developed and developing countries for building world class infrastructure and the development of smart cities is fuelling the emergency lights market growth expectations as the prominent power backup source. For example, in a developing country like India, the government has announced the up gradation of 100 cities to a smart city status, such announcements boost market expectation growth in the years to come.

The major market players are focusing on the changing needs of the consumers, by developing sophisticated and advanced lightening control systems. Smart emergency lightening systems help in reducing cost and energy loss by turning off lights when they are not in use and reducing the illuminating power according the brightness of the environment.

Major industry players have been investing heavily on research and development to enhance the performance and durability of the emergency lightening systems. Most of the major players in the market offer all major categories of emergency lighting solutions, including fluorescent lights, LED lights, incandescent lights, and induction lights.

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Market Segmentations and Scope of the Study:

The global emergency lights market share is analyzed on the basis of light source, end-users, distribution channel and geography. On the basis of light source, the market is segmented into LED, incandescent, and fluorescent. According to the end-users, the market is classified into commercial, residential, and industrial. By distribution channel the market is segmented 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:

The industry of global emergency lights market is highly fragmented and competitive because of the presence of several companies like Hubbel and Philips that are prominent in the market for several. Vendors are capturing market shares by manufacturing years. However, there is a plethora of local market players that have a considerable market share in developing regions due to their low cost. The prime focus of the emergency light manufacturing companies is the developing markets of Asia Pacific and Africa where power theft and power outages are a common norm. Also, emergency light are focused on the strategy of acquisition of companies only specialized in emergency lights to gain market share.

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