Emergency Lighting Market
Emergency Lighting Market - Global Industry Assessment & Forecast
Segments Covered
- By Power System Self-Contained, Central, Hybrid
- By Battery Type Ni-Cd, Ni-MH, LiFePO4, Lead-Acid
- By Light Source Fluorescent, LED, Incandescent, Induction, Others (High Intensity Discharge,Cold Cathode, Halogen Lamps)
- By Offering Hardware, Software, Services
- By Application Residential, Commercial, Industrial, Others(Railway,Aircraft,Ships)
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 6.55 Billion |
Revenue 2030: | USD 11.80 Billion |
Revenue CAGR (2023 - 2030): | 7.63% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Emergency Lighting Market by Power System by Battery Type by Light Source by Offering by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Emergency Lighting supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Emergency Lighting market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Emergency Lighting supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Emergency Lighting market.
FAQ
Frequently Asked Question
What is the global demand for Emergency Lighting in terms of revenue?
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The global Emergency Lighting valued at USD 6.55 Billion in 2022 and is expected to reach USD 11.80 Billion in 2030 growing at a CAGR of 7.63%.
Which are the prominent players in the market?
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The prominent players in the market are Philips Lighting Holding B.V. , Hubbell Lighting Inc., Cooper Industries, Schneider Electric SE , Emerson, Legrand S.A., Acuity Brands , Beghelli S.p.A. , Daisalux , Zumtobel Group, OSRAM Licht AG , Digital Lumens.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 7.63% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Emergency Lighting include
- increased focus on sustainable and energy-efficient technologies fosters the adoption of LED-based emergency lighting
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Emergency Lighting in 2022.