Global Emergency Lighting Market Report 2021-2027 Featuring ABB, Eaton, Signify, Legrand, Beghelli, Acuity Brands, Zumtobel Group, and Hubbell

News provided by

Dec 17, 2021, 13:15 ET

DUBLIN, Dec. 17, 2021 /PRNewswire/ -- The "Global Emergency Lighting Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Global emergency lighting is expected to account for 3.3% growth in 2021 after a decline of 6.7% in 2020 due to the pandemic. The market will only reach the pre-COVID-19 growth rate in 2022. Market revenue is forecasted to be valued at $6.9 billion by 2027 with a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027.

North America will continue to be the largest region for this market in 2027. Europe is considered a relatively more mature market for emergency lighting. Historically, it is the second-largest region in market revenue, but it is likely to take the third spot in 2025.

Asia-Pacific will emerge as the second-largest emergency lighting market as early as 2025. The region will also account for the highest CAGR. Latin American and Middle Eastern and African regions form the smallest revenue in emergency lighting.

The emergency lighting market is moving toward 100% LED for the light source and lithium-ion technology for battery systems. Adoption of adaptive evacuation systems with dynamic signage features is gaining momentum due to the increasing need for more integrated and advanced life safety systems during emergencies.

Every country and regional association, such as European Union, came up with huge stimulus packages to make the economies recover and get back on their feet. The stimulus packages were targeted toward social welfare, healthcare, public infrastructure, energy efficiency, and many more. This is expected to increase local investments and cash flow for small and medium enterprises associated with the construction sector.

Some of the Tier I and leading emergency lighting companies are yet to come up with major technology-based product updates that would directly compete with other regional and Tier II vendors' innovative products. It is imperative for them to invest in R&D to develop adaptive evacuation systems with automated testing and logging features.

Key drivers for the market growth include regulatory compliance, new construction and renovation of buildings, and energy efficiency, and other technology advancements. Key restraints include the threat of low-cost emergency signage boards and non-compliance to emergency lighting regulations and building codes.

Leading participants in the market are ABB, Eaton, Signify, Legrand, Beghelli, Acuity Brands, Zumtobel Group, and Hubbell.

Key competitive factors include compliance with regulations and standards, energy efficiency, adaptive lighting, price, brand, product performance. In addition, key growth opportunities in the global emergency lighting market are life safety systems integration in buildings, and fire and building code reforms in developing countries.

Key Topics Covered:

1. Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on Emergency Lighting
Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis

Scope of Analysis - Emergency Lighting
Market Segmentation - Emergency Lighting
Key Competitors - Emergency Lighting
Key Growth Metrics - Emergency Lighting
Distribution Channels - Emergency Lighting
Growth Drivers - Emergency Lighting
Growth Restraints - Emergency Lighting
Forecast Assumptions - Emergency Lighting
Revenue Forecast - Emergency Lighting
Revenue Forecast by Product - Emergency Lighting
Revenue Forecast by End User - Emergency Lighting
Revenue Forecast by Region - Emergency Lighting
Revenue Forecast Analysis - Emergency Lighting
Revenue Forecast Analysis by Region - Emergency Lighting
Pricing Trends - Emergency Lighting
Regulations and Standards in Select Countries
Competitive Environment - Emergency Lighting
Revenue Share - Emergency Lighting
Revenue Share Analysis - Emergency Lighting

3. Growth Opportunity Analysis - Emergency Lighting: North America

Key Growth Metrics - Emergency Lighting: North America
Revenue Forecast - Emergency Lighting: North America
Revenue Forecast by Product - Emergency Lighting: North America
Revenue Forecast by End User - Emergency Lighting: North America
Revenue Forecast Analysis - Emergency Lighting: North America
Revenue Share - Emergency Lighting: North America
Revenue Share Analysis - Emergency Lighting: North America

4. Growth Opportunity Analysis - Emergency Lighting: Europe

5. Growth Opportunity Analysis - Emergency Lighting: Asia-Pacific

6. Growth Opportunity Analysis - Emergency Lighting: Middle East and Africa

7. Growth Opportunity Analysis - Emergency Lighting: Latin America

8. Growth Opportunity Universe - Emergency Lighting

Growth Opportunity 1: Life Safety Systems Integration in Buildings to Augment Growth of Adaptive Evacuation System
Growth Opportunity 2: Fire and Building Code Reforms in Developing Countries for Long-term Opportunities
Growth Opportunity 3: Continuous Advancement in DALI and IoT for Adoption in Emergency Lighting

9. Appendix

Companies Mentioned

ABB
Acuity Brands
Beghelli
Eaton
Hubbell
Legrand
Signify
Zumtobel Group

For more information about this report visit https://www.researchandmarkets.com/r/ulpcqn

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets