Emergency Lighting Market to Reach $10.73 Billion by 2030Allied Market Research
“The global emergency lighting market share and emergency lighting market size is expected to
witness considerable growth, owing to include increasing use of emergency lightings in the
government and banking & financial sectors and the ongoing technological advancements in IoT
and cloud-based services.
Asavari Patil
Lead Analyst, Semiconductor and Electronics
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Key Findings of the Study:
• The Industrial sector is projected to be the major industry vertical during the forecast
period.
•
North America and Asia-Pacific dominate the market in 2020.
•
Asia-Pacific is anticipated to witness highest growth rate during the emergency
lighting market forecast period.
•
U.S. was the major shareholder in 2020 in the North America emergency lighting
market.
Major Key Players Profiled in the Report:
1.
2.
3.
4.
5.
6.
7.
8.
Acuity Brands,
Syska, Daisalux,
Eaton Corporation,
Hubbel Lighting Inc,
Legrand, Osram Licht Ag,
Philips Lighitng Holding B.V,
Schneider Electric SE
Zumtobel Group
Market Dynamics:
Drivers:
• Increased demand of electron Emergency Lighting in semiconductors & microelectronics.
• Adoption of electron microscopy in healthcare and life-science.
•
Rise in demand due to advancement in electron Emergency Lighting.
Restraint:
• High initial investment.
Opportunity:
• Increased R&D activities in the automotive sector.
Report Overview: https://www.alliedmarketresearch.com/emergency-lighting-market
The key factor that drives growth of the emergency lighting market size growing government
initiatives to support the adoption of energy-efficient lighting solutions, the growing number
of construction projects across the world, and rise in adoption of energy efficient lighting
products are expected to drive growth of the market in the future. However, high capital
investment and operational cost acts as major barrier and hampers the market growth.
Furthermore, factors such as the constant developments in technologies and the growing
demand for software for effectively monitoring and controlling the lights across the globe
are expected to offer lucrative opportunities for the emergency lighting market growth.
By Offering the market is divided into Hardware, Software and Services. The Hardware
segment was the highest revenue generating segment that accounted for $ 3911.2 million in
2020. However, the Software segment is expected to witness fastest growth at a CAGR of
9.0% during the forecast period.
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