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Emergency Lighting Market Size

  • Report ID: GMI11020
  • Published Date: Aug 2024
  • Report Format: PDF

Emergency Lighting Market size

Emergency Lighting Market was valued at USD 7.5 billion in 2023 and is expected to grow at a CAGR of over 10% between 2024 and 2032. The growing awareness about the importance of safety and emergency preparedness in both public and private sectors is significantly boosting the demand for emergency lighting systems.

 

As individuals and organizations prioritize safety, the need for reliable and efficient emergency lighting that can guide occupants during power outages or emergencies has become more pronounced, driving the market forward.
 

For instance, in October 2023, Polaris officially launched the all-new extreme off-road Emergency Light Kit for the GENERAL XP 1000, a vehicle that blends the high-performance features of the RZR with the reliable utility of the RANGER. This advanced kit, which includes both Infrared (IR) and Blackout lighting capabilities, is designed to equip the GENERAL XP 1000 for any challenging situation. The robust light system, now installed on the four-seat General XP 4 1000 UTV, will make its debut at the International Association of Chiefs of Police (IACP) Conference and Exposition in San Diego, California, from October 14–17.
 

The expansion of industrial and commercial construction projects across the globe is a major factor driving the emergency lighting market. As businesses expand their operations and build new facilities, the installation of emergency lighting systems becomes essential to comply with safety regulations and protect workers and property, further fueling market growth.
 

One significant challenge is the integration of new emergency lighting systems with existing Building Management Systems (BMS). Many modern buildings are equipped with sophisticated BMS that control various aspects of the building's infrastructure, including lighting, HVAC, and security systems. Integrating advanced emergency lighting solutions into these existing systems can be technically complex, requiring specialized expertise and substantial investments. The integration process may involve significant modifications to the building's electrical infrastructure, software updates, and potential downtime, which can be disruptive to operations.
 

Moreover, compatibility issues between new and legacy systems can arise, especially in older buildings where the infrastructure may not be designed to accommodate modern technology. For instance, retrofitting LED-based emergency lighting systems into buildings that were originally designed for traditional lighting technologies can pose significant challenges.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for emergency lighting was valued at USD 7.5 billion in 2023 and is expected to grow at over 10% CAGR between 2024 and 2032, driven by the growing awareness about the importance of safety and emergency preparedness in both public and private sectors.

The LED emergency lighting market is expected to register over 12% CAGR through 2032, due to its superior energy efficiency, longevity, and reliability.

North America market accounted for over 35% share in 2023 and will grow rapidly through 2032, due to the robust construction sector.

Schneider Electric SE, Eaton Corporation plc, Signify N.V, Legrand SA, Acuity Brands, Inc, Hubbell Incorporated, and Zumtobel Group AG among others

Emergency Lighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 218
  • Countries covered: 22
  • Pages: 210
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