Emergency Lighting Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Emergency Lighting Market was valued at USD 7.5 billion in 2023 while projections indicate a growth rate of over 10% CAGR from 2024 to 2032. This surge is largely attributed to heightened awareness regarding safety and emergency preparedness across both public and private sectors.

With an increasing emphasis on safety, there is a pronounced demand for dependable emergency lighting systems as they play a crucial role in guiding occupants during power outages or emergencies, propelling the market growth. For example, in October 2023, Polaris unveiled its latest extreme off-road Emergency Light Kit tailored for the GENERAL XP 1000. This vehicle seamlessly merges the RZR's high-performance traits with the RANGER's dependable utility. The cutting-edge kit boasts both Infrared (IR) and Blackout lighting features, ensuring the GENERAL XP 1000 is primed for any demanding scenario.

Another key trend in the emergency lighting market is the rapid adoption of LED systems. LEDs outshine traditional lighting in energy efficiency, lifespan, and reliability. With energy efficiency taking center stage for businesses and governments alike, the momentum towards LED emergency lighting is gaining speed.

The overall industry is divided into power source, mode of operation, light source, application, and region.

Market segmentation by light source includes LED, fluorescent, incandescent, and others. Notably, the LED segment is projected to witness a CAGR exceeding 12% during the forecast period. LED technology is swiftly establishing itself as the benchmark in the emergency lighting domain, thanks to its unmatched energy efficiency, durability, and dependability. These systems guarantee bright, consistent lighting during outages or emergencies whilst prioritizing visibility and safety.

By mode of operation, the market splits into maintained and non-maintained segments. The maintained segment is set to dominate, with projections estimating revenues surpassing USD 9.5 billion by 2032. Maintained systems are engineered for continuous operation, ensuring illumination during both regular and emergency scenarios. They are also predominantly installed in critical areas like corridors, stairwells, and exit routes of commercial and public edifices.

North America led the global emergency lighting market, securing over 35% share in 2023. The region's strong construction industry and stringent safety regulations underpin its dominance. The U.S. plays a pivotal role, with both new constructions and upgrades to meet rigorous safety standards driving the market. Furthermore, North America's commitment to energy efficiency and sustainability has spurred a high adoption rate of LED emergency lighting solutions.

Product Code: 11020

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising awareness of safety and preparedness
  - 3.8.1.2 Urbanization and infrastructure development
  - 3.8.1.3 Increase in industrial and commercial construction
  - 3.8.1.4 Growing adoption of energy-efficient lighting solutions
  - 3.8.1.5 Rising incidence of natural disasters and power outages
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Technological complexities and integration challenges
  - 3.8.2.2 Lack of awareness in emerging markets
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Power Source, 2021-2032 (USD Million)

5.1 Key trends
5.2 Self-contained (single-unit)
5.3 Central battery system
5.4 Direct mains powered
5.5 Hybrid system

Chapter 6 Market Estimates and Forecast, By Mode of Operation, 2021-2032 (USD Million)

6.1 Key trends
6.2 Maintained
6.3 Non-maintained

Chapter 7 Market Estimates and Forecast, By Light Source, 2021-2032 (USD Million)

7.1 Key trends
7.2 LED
7.3 Fluorescent
7.4 Incandescent
7.5 Others

Chapter 8 Market Estimates and Forecast, By Application, 2021-2032 (USD Million)

8.1 Key trends
8.2 Commercial
8.3 Industrial
8.4 Residential
8.5 Healthcare
8.6 Public infrastructure
8.7 Logistics and Transportation
8.8 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 (USD Million)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 ABB Ltd
10.2 Acuity Brands, Inc.
10.3 Beghelli S.p.A.
10.4 Daisalux
10.5 Dialight plc
10.6 Eaton Corporation plc
10.7 Emerson Electric Co.
10.8 General Electric Company
10.9 Glamox AS
10.10 Honeywell International Inc.
10.11 Hubbell Incorporated
10.12 Legrand SA
10.13 Lutron Electronics Co., Inc.
10.14 Orient Electric Limited
10.15 Panasonic Corporation
10.16 R. STAHL AG
10.17 Schneider Electric SE
10.18 Signify N.V.
10.19 Wipro Limited
10.20 Zumtobel Group AG