Emergency Lighting Market Size, Share, Growth Analysis, By Light type(Fluorescent, LED, incandescent and others), By Application(Residential, commercial and industrial), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25AG2014 | Region: Global | Published Date: March, 2024
Pages: 223 |Tables: 62 |Figures: 75

Emergency Lighting Market Insights

Global Emergency Lighting Market size was valued at USD 6.50 billion in 2022 and is poised to grow from USD 7.10 billion in 2023 to USD 14.35 billion by 2031, growing at a CAGR of 9.2% during the forecast period (2024-2031).

The Global Emergency Lighting Market has experienced significant growth and transformation in recent years, driven by factors such as increasing awareness about safety and stringent regulations across various industries. Emergency lighting refers to lighting systems that automatically activate during power outages or emergencies to provide illumination and guide people to safety. These systems play a critical role in maintaining safety and minimizing risks in diverse settings such as residential buildings, commercial spaces, industrial facilities, healthcare institutions, and transportation infrastructures. The market is witnessing a surge in demand due to the growing emphasis on ensuring occupant safety, particularly in public spaces and workplaces. Additionally, advancements in LED lighting technology have revolutionized the emergency lighting sector, offering enhanced energy efficiency, longer lifespan, and reduced maintenance costs. Moreover, the integration of smart technologies and IoT-enabled solutions has further propelled market growth by enabling remote monitoring, automatic testing, and centralized control of emergency lighting systems. Furthermore, the adoption of renewable energy sources and the shift towards sustainable practices have also influenced the emergency lighting market, leading to the development of eco-friendly and energy-efficient solutions. Additionally, the rising demand for aesthetically pleasing emergency lighting fixtures that blend seamlessly with the overall building design has driven manufacturers to focus on designing sleek and visually appealing products without compromising on functionality and safety. The market is highly competitive, with key players focusing on product innovations, strategic collaborations, and mergers and acquisitions to expand their market presence and gain a competitive edge. With the increasing urbanization, rising investments in infrastructure development, and growing awareness about the importance of emergency preparedness, the global market is poised for continued growth in the coming years.

US Emergency Lighting Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 6.50 billion

Largest Segment

LED

Fastest Growth

LED

Growth Rate

9.2% CAGR

Global Emergency Lighting Market ($ Bn)
Country Share for North America Region (%)

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Emergency Lighting Market Segmental Analysis

The Global Emergency Lighting Market is segmented by light type, application, and region. Based on light type, the market can be segmented into Fluorescent, LED, incandescent and others. Based on application, the market is segmented into Residential, commercial and industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Emergency Lighting Market Analysis by Light Type

LED lighting has emerged as the dominant segment in the Global Emergency Lighting Market. LED lights offer numerous advantages such as high energy efficiency, longer lifespan, low maintenance costs, and improved durability compared to traditional lighting technologies. These benefits, coupled with favorable government regulations promoting energy-efficient solutions, have propelled the widespread adoption of LED emergency lighting systems across various sectors.

On the other hand, the fluorescent lighting segment is experiencing the fastest growth in the market. Fluorescent emergency lighting solutions are known for their cost-effectiveness, wide availability, and reliable performance. They have been widely adopted in applications such as commercial buildings, warehouses, and industrial facilities. The growth of the fluorescent lighting segment can be attributed to factors such as affordability, ease of installation, and the ability to provide consistent illumination even in large spaces during emergency situations. Additionally, advancements in fluorescent lighting technology, such as the introduction of energy-efficient and environmentally friendly fluorescent lamps, have further boosted their demand in the market.

Emergency Lighting Market Analysis by Application

The commercial sector dominated the Global Emergency Lighting Market. Commercial spaces such as offices, retail stores, hotels, and restaurants require robust emergency lighting systems to ensure the safety and evacuation of occupants during power failures or emergencies. The stringent safety regulations and the need to comply with building codes and standards in commercial settings have driven the demand for reliable and efficient emergency lighting solutions.

Meanwhile, the residential sector is the fastest-growing segment in the market. The increasing awareness about home safety and the rising adoption of smart home technologies have contributed to the growing demand for emergency lighting systems in residential buildings. Homeowners are recognizing the importance of having emergency lighting to navigate their homes during power outages and emergencies. Moreover, the availability of aesthetically pleasing and user-friendly emergency lighting fixtures designed specifically for residential applications has further accelerated the market growth in this segment.

Global Emergency Lighting Market By Light Type

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Emergency Lighting Market Regional Insights

North America emerges as the dominant region in the Global Emergency Lighting Market. The region's dominance can be attributed to stringent safety regulations, high infrastructure development, and a strong emphasis on occupant safety across various industries. The presence of well-established market players and the adoption of advanced technologies contribute to the dominance of North America in the emergency lighting market.

On the other hand, the Asia Pacific region is witnessing the fastest growth in the market. Rapid urbanization, expanding industrial sectors, and increasing investments in infrastructure development are driving the demand for emergency lighting systems in the region. Additionally, growing awareness about safety standards, government initiatives promoting energy-efficient solutions, and the rising need for emergency preparedness in emerging economies are fueling the market growth in Asia Pacific. The region's large population and the flourishing construction industry further contribute to the significant growth potential of the emergency lighting market in Asia Pacific.

Global Emergency Lighting Market By Geography
  • Largest
  • Fastest

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Emergency Lighting Market Dynamics

Emergency Lighting Market Drivers

Increasing emphasis on safety regulations

  • One key driver of the Global Emergency Lighting Market is the increasing emphasis on safety regulations. Governments and regulatory bodies across various regions have implemented stringent safety standards and codes that require the installation of emergency lighting systems in buildings and public spaces. This regulatory push to enhance occupant safety acts as a significant driver for the market, as it creates a mandatory demand for emergency lighting solutions.

Emergency Lighting Market Restraints

High initial cost of installation

  • A key restraint for the market is the high initial cost of installation. Emergency lighting systems, especially those incorporating advanced technologies like LEDs and smart features, can have a higher upfront cost compared to traditional lighting solutions. This cost factor can pose a challenge for budget-constrained end-users, especially in regions with limited financial resources or in sectors where cost considerations are paramount. The initial investment required for installing emergency lighting systems can deter some potential customers and impact the market growth to some extent.

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Emergency Lighting Market Competitive Landscape

The competitive landscape of the Global Emergency Lighting Market is characterized by intense competition and the presence of numerous players striving to gain a competitive edge. Key strategies employed by market participants include product innovations, research and development activities, strategic partnerships, mergers and acquisitions, and geographical expansions. Manufacturers are focusing on developing energy-efficient and technologically advanced emergency lighting solutions to meet the evolving customer demands. Additionally, players are actively investing in research and development to introduce innovative features such as smart controls, wireless connectivity, and remote monitoring capabilities. The market's competitive nature is driving continuous advancements in the emergency lighting sector, benefiting customers with a wide range of options and improved product offerings.

Emergency Lighting Market Top Player’s Company Profiles

  • Hubbell Lighting Inc. (US)
  • Legrand SA (France)
  • Zumtobel Group AG (Austria)
  • Acuity Brands, Inc. (US)
  • Signify N.V. (Netherlands)
  • OSRAM GmbH (Germany)
  • ABB Ltd. (Switzerland)
  • Philips Lighting Holding B.V. (Netherlands)
  • Cooper Industries, LLC (US)
  • Fagerhult AB (Sweden)
  • Thomas & Betts Corporation (US)
  • Lutron Electronics Co., Inc. (US)
  • Beghelli S.p.A. (Italy)
  • Daisalux S.A. (Spain)
  • NVC Lighting Technology Corporation (China)
  • Zenaro Lighting (Germany)
  • NVC Lighting Technology Corporation (China)

Emergency Lighting Market Recent Developments

  • In November 2021, Schneider Electric achieved recognition in the 'Outstanding Contribution to Sustainability and Efficiency' category at the DCS Awards, while also receiving a special project award for the 'Sustainability in the Data Center Project of the Year' category in collaboration with Elite Partners Advanced Power Technology. The joint effort involved a modernization project for Newcastle City Council, focusing on reducing carbon emissions through the implementation of energy-efficient technologies as part of a broader digital transformation initiative.
  • In April 2021, Schneider Electric launched the Zero Carbon Project, an initiative aimed at collaborating with its top 1,000 suppliers responsible for 70% of the company's carbon emissions. The goal is to achieve a 50% reduction in the suppliers' carbon emissions by 2025, aligning with Schneider's Sustainable Development Goals for 2021-2025. This initiative signifies a significant step towards meeting the targets outlined in the Paris Agreement, with the aim of limiting global temperature increase to 1.5°C or less by 2100.
  • In February 2021, Honeywell completed the acquisition of Sparta Systems for USD 1,303 million, further strengthening its position in industrial automation, digital transformation solutions, and enterprise performance management software. This acquisition was included within Honeywell's Performance Materials and Technologies segment, contributing to its strategic growth.
  • In February 2021, Orient Electric made strides in the smart lighting solutions market by introducing a range of LED emergency lights. These lights offer up to 4 hours of emergency lighting during power outages and come in various forms such as LED bulbs, LED strips, LED recessed plates, and bulkheads. They function as regular light sources and seamlessly switch to emergency mode to provide illumination during unexpected power disruptions. Orient Electric's foray into smart lighting aims to enhance its market share in this rapidly growing sector.

Emergency Lighting Key Market Trends

  • One key market trend in the Global Emergency Lighting Market is the increasing integration of smart technologies. Smart emergency lighting systems are gaining popularity due to their ability to provide advanced functionalities such as remote monitoring, automatic testing, and centralized control. These systems can be connected to IoT platforms, allowing for real-time monitoring of the status and performance of emergency lighting fixtures. Smart technologies enable efficient maintenance and troubleshooting, as well as the customization of lighting settings based on specific needs or emergency scenarios. The integration of smart technologies enhances the overall efficiency, reliability, and effectiveness of emergency lighting systems, thereby driving the market trend towards smart solutions.

Emergency Lighting Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Emergency Lighting Market analysis, the market is experiencing significant growth and transformation driven by increasing safety awareness and stringent regulations across industries. The market is dominated by LED lighting systems known for their energy efficiency and longer lifespan. Fluorescent emergency lighting is the fastest-growing segment due to its affordability and reliable performance. The market is segmented by application, with the commercial sector being dominant, fueled by safety regulations and a focus on occupant safety. The residential sector is the fastest-growing segment, driven by the adoption of smart home technologies and increasing awareness of home safety. In terms of regions, North America dominated the market, while the Asia Pacific region exhibits the fastest growth. The market is highly competitive, with companies focusing on product innovations and strategic collaborations. Key drivers include safety regulations, while high installation costs act as a restraint. The market also sees trends like the integration of smart technologies in emergency lighting systems.

Report Metric Details
Market size value in 2023 USD 6.50 billion
Market size value in 2031 USD 14.35 billion
Growth Rate 9.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Light type
    • Fluorescent, LED, incandescent and others
  • Application
    • Residential, commercial and industrial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Hubbell Lighting Inc. (US)
  • Legrand SA (France)
  • Zumtobel Group AG (Austria)
  • Acuity Brands, Inc. (US)
  • Signify N.V. (Netherlands)
  • OSRAM GmbH (Germany)
  • ABB Ltd. (Switzerland)
  • Philips Lighting Holding B.V. (Netherlands)
  • Cooper Industries, LLC (US)
  • Fagerhult AB (Sweden)
  • Thomas & Betts Corporation (US)
  • Lutron Electronics Co., Inc. (US)
  • Beghelli S.p.A. (Italy)
  • Daisalux S.A. (Spain)
  • NVC Lighting Technology Corporation (China)
  • Zenaro Lighting (Germany)
  • NVC Lighting Technology Corporation (China)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Emergency Lighting Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Emergency Lighting Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Emergency Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Emergency Lighting Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Emergency Lighting Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Emergency Lighting Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Emergency Lighting Market size was valued at USD 6.50 billion in 2022 and is poised to grow from USD 7.10 billion in 2023 to USD 14.35 billion by 2031, growing at a CAGR of 9.2% during the forecast period (2024-2031).

The competitive landscape of the Emergency Lighting Market is characterized by intense competition and the presence of numerous players striving to gain a competitive edge. Key strategies employed by market participants include product innovations, research and development activities, strategic partnerships, mergers and acquisitions, and geographical expansions. Manufacturers are focusing on developing energy-efficient and technologically advanced emergency lighting solutions to meet the evolving customer demands. Additionally, players are actively investing in research and development to introduce innovative features such as smart controls, wireless connectivity, and remote monitoring capabilities. The market's competitive nature is driving continuous advancements in the emergency lighting sector, benefiting customers with a wide range of options and improved product offerings. 'Eaton Corporation (US)', 'Emerson Electric Co. (US)', 'Schneider Electric (France)', 'Hubbell Lighting Inc. (US)', 'Legrand SA (France)', 'Zumtobel Group AG (Austria)', 'Acuity Brands, Inc. (US)', 'Signify N.V. (Netherlands)', 'OSRAM GmbH (Germany)', 'ABB Ltd. (Switzerland)', 'Philips Lighting Holding B.V. (Netherlands)', 'Cooper Industries, LLC (US)', 'Fagerhult AB (Sweden)', 'Thomas & Betts Corporation (US)', 'Lutron Electronics Co., Inc. (US)', 'Beghelli S.p.A. (Italy)', 'Daisalux S.A. (Spain)', 'NVC Lighting Technology Corporation (China)', 'Zenaro Lighting (Germany)', 'NVC Lighting Technology Corporation (China)'

One key driver of the Emergency Lighting Market is the increasing emphasis on safety regulations. Governments and regulatory bodies across various regions have implemented stringent safety standards and codes that require the installation of emergency lighting systems in buildings and public spaces. This regulatory push to enhance occupant safety acts as a significant driver for the market, as it creates a mandatory demand for emergency lighting solutions.

One key market trend in the Emergency Lighting Market is the increasing integration of smart technologies. Smart emergency lighting systems are gaining popularity due to their ability to provide advanced functionalities such as remote monitoring, automatic testing, and centralized control. These systems can be connected to IoT platforms, allowing for real-time monitoring of the status and performance of emergency lighting fixtures. Smart technologies enable efficient maintenance and troubleshooting, as well as the customization of lighting settings based on specific needs or emergency scenarios. The integration of smart technologies enhances the overall efficiency, reliability, and effectiveness of emergency lighting systems, thereby driving the market trend towards smart solutions.

North America emerges as the dominant region in the Emergency Lighting Market. The region's dominance can be attributed to stringent safety regulations, high infrastructure development, and a strong emphasis on occupant safety across various industries. The presence of well-established market players and the adoption of advanced technologies contribute to the dominance of North America in the emergency lighting market.

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