Press release
Emergency Lighting Inverters Market is Set to Experience Revolutionary Growth by 2031 - PMR
The market for emergency lighting inverters is expected to grow at a growth rate of 6% to 8% in the period from 2021 to 2031. Emergency lighting inverters are expected to experience a good rate of demand with advances and developments. the commercial and industrial sector. it is expected to generate incremental growth in demand over the next few years.The need for an alternative lighting solution in the absence of normal power supply in commercial buildings, including hospitals, high profile institutions, airports and seaports, etc., should primarily drive the growth of the market. In addition, new residential establishments are also expected to spur adoption of the target device.
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The rapid growth in lighting sector due to innovation and technological development is prime factor which is maneuvering the sales growth. Furthermore, ease of application and Operational safety is also propelling the demand of emergency lighting inverters.
The Lighting industry is one of the most growing sectors in past few decades. The enhanced applications of lighting systems have attracted the investments for further development and innovative solutions which is creating more scope in demand and sales.
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Some of the leading manufacturers and suppliers include
Signify (Cooper Lighting)
Hubbell
Vertiv
ABB
Acuity Brands
Perfect Power Systems
Controlled Power
Staco Energy
Myers Emergency Power Systems
Online Power
Go2Power
DSP Manufacturing (DSPM)
Standard Products Inc.
Beghelli
LVS Controls
IEP Systems Inc.
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