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Emergency Lighting - Global Market Trajectory & Analytics

  • ID: 4804302
  • Report
  • June 2021
  • Region: Global
  • 569 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Acuity Brands
  • Beghelli S.p.A.
  • Daisalux
  • Emerson
  • Hubbell Lighting Inc.
  • Schneider Electric SE

Global Emergency Lighting Market to Reach $7.3 Billion by 2026


Emergency lighting systems are designed for automatically illuminating the building in the event of electricity failures and assisting in safe and efficient evacuation of the building, thereby preventing occupants from panicking, and suffering emotional distress and injury. By improving visibility, these lighting systems also assist emergency and rescue teams in performance of their tasks. The various types of emergency lighting include safety lighting and stand-by lighting. Stringent safety and fire prevention regulations have and will continue to provide new opportunities for growth of emergency lighting systems. For example, BS:5266, the British Standard regulations, are designed for assisting with the designing and installation processes associated with emergency lighting systems. Expected recovery in construction activities the world over, post pandemic will power growth in the near future. Additionally, rapid urbanization, together with increasing disposable incomes of the global middle-class will also fuel growth in the coming years. The primary factors influencing growth for emergency lighting systems` batteries include rapid technological advancements, environmental regulations, intense competition, and frequently changing government policies. Recent years are also witness to rapid advancements in battery technology, with the lithium ion technology enabling the development of smaller, more powerful batteries and other back-up solutions. Another emerging technological trend is the increased demand for nickel metal hydride (NiMH) batteries for use in both exit-signage and pathway lighting.

Amid the COVID-19 crisis, the global market for Emergency Lighting estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2026, growing at a CAGR of 6.5% over the analysis period. Lithium-Ion, one of the segments analyzed in the report, is projected to grow at a 7.9% CAGR to reach US$3.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ni-Mh segment is readjusted to a revised 5.8% CAGR for the next 7-year period. This segment currently accounts for a 24.6% share of the global Emergency Lighting market. Demand for lithium-ion battery-based emergency lighting systems is being driven by sustained decline in the prices of Li-ion batteries and advancements in lithium ion technology.

The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $1.2 Billion by 2026


The Emergency Lighting market in the U.S. is estimated at US$1.6 Billion in the year 2021. The country currently accounts for a 30.67% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.2 Billion in the year 2026 trailing a CAGR of 8.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR while Rest of European market (as defined in the study) will reach US$1.3 Billion by the end of the analysis period. The primary factor driving the dominance of the North American market is the sustained increase in the use of emergency lighting systems in residential, industrial and commercial constructions. Spurred by high consumer awareness about the benefits that emergency lighting systems offers over other alternatives, including UPS, during emergency situations, the region is projected to retain its dominance. Growth within the Asia-Pacific region will continue to be propelled by sustained rapid pace of urbanization being witnessed in developing countries such as China and India, which is resulting in the region experiencing a higher demand for infrastructure, including emergency lighting systems.

Ni-Cd Segment to Reach $1.4 Billion by 2026


In the global Ni-Cd segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$878.5 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$112.9 Million by the year 2026, while Latin America will expand at a 5.5% CAGR through the analysis period.

Select Competitors (Total 131 Featured) -

  • 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
  • Digital Lumens
  • Fulham Co. Inc.
  • Arrow Emergency Lighting Limited
  • Arts Energy
  • Taurac
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acuity Brands
  • Beghelli S.p.A.
  • Daisalux
  • Emerson
  • Hubbell Lighting Inc.
  • Schneider Electric SE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Lighting & Luminaries. Why Are They So Important to Us
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • Exhibit 1: How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • As India Burns Amid a Lethal Double & Triple Mutation Driven Second Wave, Its Clear That Equity is Not a Part of Global Policy on Tackling COVID
  • Exhibit 2: What We Know So Far - “Vaccine Efficiency Against New Strains is Decreasing”
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
  • Exhibit 3: A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Exhibit 4: Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • A Retrospective Review of Year 2020 as the Worst Year in Humanity's History that Left the World in Shambles & Industries and Markets Upended
  • Emergency Lighting: Definition, Scope, Types & Applications
  • Recent Market Activity
  • Innovations
  • World Brands
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Market Outlook 2021 & Beyond
  • Supported by Numerous Benefits of LED Technology, LED Based Emergency Lighting Witnesses Rising Demand
  • Stringent Regulations Governing Occupational Safety, Health and Working Conditions Provides Regulatory Driven Support to Growth
  • IoT Enters the Realm of Emergency Lighting. Here's' What is Going On
  • Rising Awareness Over the Value of Emergency Lighting Push Up Implementation Rates
  • Recovery in Construction Industry to Drive Demand for Emergency Lighting on Construction Sites
  • Exhibit 5: Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
  • Penetration of Wireless Technology on the Rise in Emergency Lighting Market
  • Emergency Lights With Backup Batteries Are the First Choice for Very Obvious Reasons
  • What Makes Emergency Lights Intelligent?
  • An Overview of Emergency Lighting Systems in Various End-Use Applications
  • Commercial Buildings
  • Healthcare Facilities
  • Industrial Plants
  • A Standard Feature in High Occupancy Residential Buildings
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 131
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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
  • Digital Lumens
  • Fulham Co. Inc.
  • Arrow Emergency Lighting Limited
  • Arts Energy
  • Taurac
Note: Product cover images may vary from those shown
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