The growth in the APAC emergency lighting market can be ascribed to the increasing adoption of energy-efficient light emitting diode (LED) lights across the region, According to this research. The market is predicted to reach $2.1 billion by 2024, progressing at a CAGR of 10.1% during the forecast period (2019-2024).
On the basis of power system, the emergency lighting market in APAC is divided into hybrid, central, and self-contained. Out of these, during 2019-2024, the central power system division is anticipated to register the fastest growth in the market in terms of revenue. This is mainly due to the longer battery life and easy battery swapping in central power systems as compare to self-contained systems.
Now, based on light source, the APAC emergency lighting market is categorized into incandescent, fluorescent, LED, induction, and others, where the ‘others’ category includes cold cathode, high intensity discharge (HID), and halogen lamps. Among these, in 2018, the LED light category held the largest revenue share in the market, and during the forecast period, it is predicted to register the fastest CAGR. This is ascribed to the rising number of government initiatives to encourage people to adopt LED lights, particularly in Japan, India, and Philippines. For instance, in 2015, the government of India initiated the national LED program, UJALA, to increase the usage of LEDs for street and home lighting.
Further, the rising spending on the infrastructure sector in India and China is strengthening the Asia-Pacific emergency lighting market. In China, there are various infrastructural projects that are ongoing, with the majority in the transportation sector. For instance, in October 2017, China inaugurated the world’s longest sea bridge joining China to Macau and Hong Kong, which costed nearly $20 billion.
Earlier, in 2015, the Indian government launched the Smart Cities Mission to build 100 cities with all modern facilities. Furthermore, in 2017, India hosted the FIFA U-17 World Cup, which fueled the demand for infrastructure in the country. Moreover, sports events, such as Winter Olympics, ICC Cricket World Cup, Asian Games, Summer Olympics, and Hockey World Cup will be organized in the APAC region in the coming years. This has already begun driving the growth of the Asia-Pacific emergency lighting market.
Moderate competition characterizes the market for emergency lighting in the region. Companies such as Syska LED Lights Pvt. Ltd. and Larson Electronics LLC. have been considered the frontrunners in strategic developments. These companies are majorly participating in the improvement of their product portfolios and expansion of their businesses in the region. Some of the other APAC emergency lighting market players are Beghelli S.p.A, PNE Industries Ltd., Osram Licht AG, Zumtobel Group AG, Kejie Electronic Co. Ltd., Schneider Electric SE, and Eaton Corporation plc.
Asia-Pacific Emergency Lighting Market Segmentation
Market Segmentation by Power System
Market Segmentation by Battery Type
Market Segmentation by Light Source
Market Segmentation by Offering
Market Segmentation by Application
Market Segmentation by Country
On the basis of power system, the emergency lighting market in APAC is divided into hybrid, central, and self-contained. Out of these, during 2019-2024, the central power system division is anticipated to register the fastest growth in the market in terms of revenue. This is mainly due to the longer battery life and easy battery swapping in central power systems as compare to self-contained systems.
Now, based on light source, the APAC emergency lighting market is categorized into incandescent, fluorescent, LED, induction, and others, where the ‘others’ category includes cold cathode, high intensity discharge (HID), and halogen lamps. Among these, in 2018, the LED light category held the largest revenue share in the market, and during the forecast period, it is predicted to register the fastest CAGR. This is ascribed to the rising number of government initiatives to encourage people to adopt LED lights, particularly in Japan, India, and Philippines. For instance, in 2015, the government of India initiated the national LED program, UJALA, to increase the usage of LEDs for street and home lighting.
Further, the rising spending on the infrastructure sector in India and China is strengthening the Asia-Pacific emergency lighting market. In China, there are various infrastructural projects that are ongoing, with the majority in the transportation sector. For instance, in October 2017, China inaugurated the world’s longest sea bridge joining China to Macau and Hong Kong, which costed nearly $20 billion.
Earlier, in 2015, the Indian government launched the Smart Cities Mission to build 100 cities with all modern facilities. Furthermore, in 2017, India hosted the FIFA U-17 World Cup, which fueled the demand for infrastructure in the country. Moreover, sports events, such as Winter Olympics, ICC Cricket World Cup, Asian Games, Summer Olympics, and Hockey World Cup will be organized in the APAC region in the coming years. This has already begun driving the growth of the Asia-Pacific emergency lighting market.
Moderate competition characterizes the market for emergency lighting in the region. Companies such as Syska LED Lights Pvt. Ltd. and Larson Electronics LLC. have been considered the frontrunners in strategic developments. These companies are majorly participating in the improvement of their product portfolios and expansion of their businesses in the region. Some of the other APAC emergency lighting market players are Beghelli S.p.A, PNE Industries Ltd., Osram Licht AG, Zumtobel Group AG, Kejie Electronic Co. Ltd., Schneider Electric SE, and Eaton Corporation plc.
Asia-Pacific Emergency Lighting Market Segmentation
Market Segmentation by Power System
- Self-Contained
- Central
- Hybrid
Market Segmentation by Battery Type
- Lithium-ion (Li-ion)
- Lead-Acid
- Nickel-cadmium (Ni-Cd)
- Nickel-metal hydride (Ni-MH)
Market Segmentation by Light Source
- Light Emitting Diode (LED)
- Fluorescent
- Induction
- Incandescent
- Others (High Intensity Discharge (HID), Cold Cathode, and Halogen Lamps)
Market Segmentation by Offering
- Hardware
- Services
- Software
Market Segmentation by Application
- Commercial
- Industrial
- Commercial
- Others (Railway station, Airports and Ship yards)
Market Segmentation by Country
- China Emergency Lighting Market
- By Power System
- By Battery Type
- By Light Source
- By Offering
- By Application
- India Emergency Lighting Market
- By Power System
- By Battery Type
- By Light Source
- By Offering
- By Application
- Japan Emergency Lighting Market
- By Power System
- By Battery Type
- By Light Source
- By Offering
- By Application
- Australia Emergency Lighting Market
- By Power System
- By Battery Type
- By Light Source
- By Offering
- By Application
- South Korea Emergency Lighting Market
- By Power System
- By Battery Type
- By Light Source
- By Offering
- By Application
- Rest of APAC Emergency Lighting Market
- By Power System
- By Battery Type
- By Light Source
- By Offering
- By Application
Table of Contents
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 4. Introduction
Chapter 5. Global Market Size and Forecast
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
Chapter 13. Appendix
List of Tables
List of Figures
Companies Mentioned
- Osram Licht AG
- Hubbell Incorporated
- Eaton Corporation plc
- Signify Holding
- Syska LED Lights Pvt Ltd.
- Zumtobel Group AG
- Acuity Brand Inc.
- Schneider Electric SE
- Legrand S.A.
- Daisalux S.A.U.
- Larson Electronics LLC
Methodology
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