Global Emergency Lights Market 2016-2020

Overview of the emergency lights market

According to the emergency lights industry analysis, this market is anticipated to witness impressive growth and will post a CAGR of close to 8% over the forecast period. With an increase in safety regulations by governments around the world, the market for emergency lights is likely to have a positive outlook over the next four years. In the recent years, most of the construction companies follow the rules set up by the local or regional authorities by installing emergency lights at the time of construction. Moreover, in countries like the US, OSHA, and NFPA enforce stringent safety regulations regarding means of egress. Also in the UK, the British Standards Institute delivers guidelines for the emergency light manufacturer. BS 5266-1: 2011 specifies the use of emergency lights for residential hotels, nursing homes, hospitals, educational institutions, licensed premises, offices, shops, and multi-story apartments. These mandatory government regulations set by various national and regional bodies specify the minimum requirement for any type of emergency lights for the manufacturers. These safety regulations have led to the augmented adoption of emergency lights.

In terms of geography, the Americas was the highest revenue contributing region in the market and will continue to dominate the market until the end of 2020. The stringent regulations set by the Occupational Safety and Health Administration (OSHA) and NFPA on installations of emergency lights at exit routes contributed to this market’s growth in the region. Moreover, the market in North America is also driven by the high consumer awareness of the benefits of using emergency lights over other substitutes like UPS in emergency situations.

Competitive landscape and key vendors

The global emergency lights market is highly competitive owing to the presence of several well-established vendors like Philips and Hubbell that have been active in the lighting market for over 100 years. Vendors are capturing market shares by manufacturing products that feature efficient batteries and automated testing of lights after installation. Several manufacturers are introducing LED-based emergency lights that are energy efficient. The vendors are primarily focusing on developing countries where power outages are a major concern. Also, major lighting manufacturers are acquiring manufacturers specialized in emergency lights to gain maximum emergency lights market share. The vendors compete based on parameters such as new energy-efficient technologies, automated testing features, and specific functionalities.

Key vendors in this market are 

• ABB
• Acuity Brands
• Beghelli
• Daisalux
• Legrand
• R. STAHL
• WISKA

Other prominent vendors are Airfal, Big Beam Emergency Systems, Clevertronics, Emergency Lighting Products, Ektor, Fulham, Havells Sylvania, Illuminex, Linergy, Mule Lighting, NVC Lighting, Osram, Ventilux, Teknoware, Thorlux lighting, and Zumtobel.

Segmentation by application and analysis of the emergency lights market

• Industrial
• Commercial
• Residential

During 2015, the industrial sector accounted for the majority of the market shares and is likely to lead the market over the coming years as well. The growth of this segment is attributed to the rapid industrialization across the world. Also, the global construction industry is growing rapidly, which will have a direct positive impact on the global emergency lights market as it occupies 3%-7% of the overall lighting units. Moreover, heavy industries such as machinery manufacturing, oil and gas, shipbuilding, steel, chemical, and paper mills, are key end-users in the industrial segment. These industries are capital intensive, and any power-related issues can cause substantial damage to the business. Installing appropriate emergency lights can reduce the impact of power outages to some extent, by providing enough light for workers to continue their task and in turn results in an increase in the emergency lights market size.

Segmentation by light source and analysis of the emergency lights market

• LED
• Fluorescent
• Incandescent

The fluorescent segment accounted for the most of the market shares during 2015 and will continue to lead the market until the end of 2020. Fluorescent lights last seven-to-nine times longer and produce 9% less heat and better light than incandescent lights. Moreover, fluorescent lights are more cost-effective than incandescent and LED lights, which will contribute to this segment’s growth over the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global emergency lights market?
• What are the key market trends impacting the growth of the global emergency lights market?
• What are the challenges to market growth?
• Who are the key vendors in the global emergency lights market?
• What are the market opportunities and threats faced by the vendors in the global emergency lights market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global emergency lights market?

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