Emergency Lighting Market to Reach $10.73 Bn, Globally, by 2030 at 6.9% CAGR: Allied Market Research

News provided by

Feb 03, 2022, 08:20 ET

PORTLAND, Ore., Feb. 3, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Emergency Lighting Market by Offering (Hardware, Software and Services), by Power System (Self-Contained Power System, Central Power System and Hybrid Power System), By Lighting Type (Fluorescent Lighting, LED, Incandescent, Others) and Application (Residential, Industrial, Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global emergency lighting industry was estimated at $5.48 billion in 2020, and is anticipated to hit $10.73 billion by 2030, registering a CAGR of 6.9% from 2021 to 2030.

Drivers, Restraints, and Opportunities-

Increase in government initiatives to support the adoption of energy-efficient lighting solutions, surge in number of construction projects across the world, and rise in adoption of energy efficient lighting products drive the growth of the global emergency lighting market. On the other hand, various design-related issues restrain the growth to some extent. However, constant developments in technologies and growing demand for software for effectively monitoring and controlling the lights are projected to create lucrative opportunities in the industry.

Download Sample Report (Get Full Insights in PDF – 295+ Pages) @ https://www.alliedmarketresearch.com/request-sample/5775

Covid-19 Scenario-

The temporary closure of the majority of manufacturing units across the world gave way to declined demand for emergency lighting strictures, especially during the initial phase, thereby impacting the global emergency lighting market negatively.
However, the market is anticipated to get back on track soon.

The Self-Contained Power System Segment to Dominate By 2030-

By power system, the self-contained power system segment contributed to the major share in 2020, holding around two-fifths of the global emergency lighting market. The same segment would also cite the fastest CAGR of 7.8% during the forecast period. The installation cost of self-contained luminaries can be relatively cheap because there is no need for any special, fire-rated cabling, which in turn has propelled the segment growth.

Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/5775

The LED Segment to Maintain the Dominant Share-

By lighting type, the LED segment accounted for the major share in 2020, holding nearly half of the global emergency lighting market. The same segment is also expected to grow at the fastest CAGR of 7.8% from 2021 to 2030. This is because LEDs are commonly used in many electronic devices as indicator lamps, in automobiles as rear-window and brake lights, and in consumer electronics.

North America Garnered the Major Share in 2020-

By region, the market across North America had the lion's share in 2020, generating around one-third of the global emergency lighting market. Government funding for advanced and connected infrastructure plays a major role in the growth of the market. The Asia-Pacific region, on the other hand, is projected to portray the fastest CAGR of 8.0% by 2030, due to the availability of high-end enhanced technologies, rise in demand for emergency lighting, and developments in the manufacturing industries.

Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/5775?reqfor=covid

Key Players in the Industry-

Syska
Daisalux
Eaton Corporation
Acuity Brands
Legrand
Osram Licht Ag
Philips Lighitng Holding B.V
Schneider Electric SE
Zumtobel Group
Hubbel Lighting Inc.

Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter

Outdoor LED Display Market is Projected to Reach $14,522.40 Million by 2030

Industrial LED Market is Projected to Reach $20.16 Billion by 2026

Industrial and Commercial LED lighting Market is Projected to Reach $ 39,387.0 Million by 2025

Luminaire and Lighting Control Market Size is Expected to Reach $130.56 Billion by 2030

Solid State Lighting Market is Projected to Reach $74.25 Billion by 2027

Intelligent Lighting Controls Market is Projected to Reach $26.06 Billion by 2027

Pre-Book Now With 10% Discount:

Lighting Fixture Market Global Opportunity Analysis and Industry Forecast, 2019–2026

Outdoor Lighting Market Global Opportunity Analysis and Industry Forecast, 2019–2026

Ambient Lighting Market Global Opportunity Analysis and Industry Forecast, 2020-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn and Twitter