What Has Been the Growth Trajectory of the Emergency Lighting Market?
The emergency lighting market has seen considerable growth due to a variety of factors.
• In the past few years, there has been a significant expansion in the emergency lighting market size. The market is projected to escalate from $6.74 billion in 2024 to $7.23 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%.
The growth during the historic period can be credited to factors such as safety regulations, the rise of urbanization and infrastructure development, the occurrence of power outages, the enforcement of fire safety codes, and measures for resilience and disaster readiness.
What Does the Future Hold for the Emergency Lighting Market?
The emergency lighting market is expected to maintain its strong growth trajectory in upcoming years.
• The market for emergency lighting is anticipated to witness substantial expansion in the coming years, reaching a volume of $9.85 billion in 2029 with an 8.0% initiatives, resilience and disaster preparation, as well as adaptive lighting.
Compound Annual Growth Rate (CAGR). Factors contributing to the predicted growth over this period include the adoption of green infrastructure principles, integration with Internet of Things (IoT), smart building Foreseen trends within this term include advances in technology, improvements in battery technology, the embrace of LED technology, centralized monitoring and controlling, and a heightened focus on sustainability and energy efficiency.
What Are the Critical Driver Fuelling the Emergency Lighting Market's Growth?
The anticipated expansion of the construction industry is predicted to foster the growth of the emergency lighting market. Because construction sites usually possess obstacles like construction materials, electrical panels, portable tools, and other hindrances along evacuation routes that impede speedy evacuation in an emergency, they necessitate emergency lighting to guarantee the safety of construction employees. The Indian Ministry of Statistics and Programme Implementation, for example, predicts a double-digit growth rate of 10.7% in the construction sector in 2022. Thus, the emergency lighting market is benefitting from the growth in the construction industry.
How Is the Emergency Lighting Market segmented?
The emergency lighting market covered in this report is segmented –
1) By Power System: Self-Contained, Central, Hybrid
2) By Offering: Hardware, Software, Services
3) By Battery: Ni–Cd, Ni–MH, LiFePO4, Lead–Acid
4) By End-User: Residential, Commercial, Industrial, Other End-Users
Subsegments:
1) By Self-Contained: Battery-Powered Emergency Lights, LED Emergency Exit Signs, Self-Contained Emergency Ballasts
2) By Central: Central Battery Systems, Centralized Emergency Lighting Controls, Remote Lighting Units
3) By Hybrid: Hybrid Emergency Lighting Systems, Smart Hybrid Lighting Solutions, Modular Hybrid Emergency Lights
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What New Trends Are Influencing the Emergency Lighting Market?
Leading businesses functioning in the emergency lighting market are concentrating on launching innovative solutions to establish a strategic advantage. The latest solutions in emergency lighting aim to boost the performance and productivity of these systems. For instance, a Japanese firm that manufactures fire detection and emergency lighting products, Hochiki, unveiled FIREscape Nepto, their advanced emergency lighting systems, in March 2023. Much like the preceding model, FIREscape Nepto meets the BS 5266 standards and is grounded on a controllable emergency lighting control panel with controllable, autonomous LED lights and exit signs that function on an extremely low operating voltage. The newly-fangled system is also backward compatible with the existing panels and devices from the previous FIREscape series, thus ensuring the continuity of projects. Unlike systems powered by a centralized battery or main power, FIREscape Nepto can carry out continuous self-testing and monitoring, making installation and maintenance faster, easier, and more cost-effective.
Who Are the Key Players in the Emergency Lighting Market?
Major companies operating in the emergency lighting market include:
• Acuity Brands Inc.
• Syska LED Lights Private Limited
• Eaton Corporation plc
• Hubbell Incorporated
• Legrand Group
• OSRAM Licht AG
• Signify Holding
• Schneider Electric SE
• Zumtobel Group AG
• Daisalux S.A.U.
• Larson Electronics LLC
• ABB Group
• Beghelli S.p.A.
• Fagerhult AB
• Glamox AS
• HADLER GmbH
• Herbert Waldmann GmbH & Co. KG
• iGuzzini illuminazione S.p.A.
• LIGMAN Lighting Co. Ltd.
• Lumenpulse Group Inc.
• NVC Lighting Technology Corporation
• Opple Lighting Co. Ltd.
• R. STAHL AG
• Raytec Ltd.
• Safelincs Ltd.
• SCHRÉDER Group
• SITEM S.p.A.
• Thorlux Lighting
• Trilux GmbH & Co. KG
• WISKA Hoppmann GmbH
What Is The Most Dominant Region In The Emergency Lighting Market?
North America was the largest region in the emergency lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the emergency lighting market during the forecast period. The regions covered in the emergency lighting market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
