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Emergency Lighting Market Trends

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

Emergency Lighting Market Trends

One of the most prominent trends in the emergency lighting industry is the widespread adoption of LED-based systems. LEDs offer significant advantages over traditional lighting technologies, including lower energy consumption, longer lifespan, and improved reliability. As energy efficiency becomes a top priority for both businesses and governments, the shift toward LED emergency lighting is accelerating. Additionally, LED technology allows for more compact and versatile designs, enabling manufacturers to develop innovative products that cater to various applications, from residential buildings to large industrial complexes.
 

The integration of emergency lighting with smart building systems is a growing trend, driven by advancements in IoT and building automation technologies. Modern emergency lighting systems are increasingly being designed to communicate with BMS, allowing for real-time monitoring, remote control, and predictive maintenance. This trend enhances the overall safety and efficiency of buildings by ensuring that emergency lighting systems are always operational and capable of responding to emergencies. Furthermore, the ability to integrate with other smart technologies, such as sensors and alarms, is making these systems more intelligent and responsive, offering enhanced safety features and reducing the risk of system failures.
 

As sustainability becomes a key consideration in construction and building management, there is a growing demand for eco-friendly emergency lighting solutions. This trend is particularly evident in regions with stringent environmental regulations and in industries that prioritize corporate social responsibility. Manufacturers are responding by developing emergency lighting systems that not only meet safety standards but also contribute to overall energy efficiency and reduce carbon footprints. The use of recyclable materials, energy-efficient components, and sustainable production practices is becoming increasingly important, aligning with the broader global movement toward green building practices and sustainable development.

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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