Emergency Lights Market Size, Share, Opportunities, And Trends By Type (Fire Emergency Lights, LED Emergency Lights, Others), By Battery Type (Lead Acid, Nickel Cadmium, Mickle Metal Hydride, Lithium Iron Phosphate), By End-User (Residential, Commercial, Industrial), And By Geography - Forecasts From 2023 To 2028

Emergency lighting is lighting that is given in case of a power outage that prevents normal illumination from functioning. A fire or a power outage might result in the loss of electricity to the typical lighting. Importantly, it makes it possible to safely, quickly, and efficiently evacuate areas and buildings—not just in times of darkness brought on by a power loss, but even when sunshine and mains lights may still be present. It is typically used in gathering areas like theaters, movie theaters, bars, etc. The demand for energy-efficient lighting systems is rising in the industrial, residential, and commercial sectors, which is fueling the development of emergency lighting systems. According to the National Fire Protection Association rules and regulations such as the International Fire Code, National Electric Code, Life Safety Code, International Fire Code, NFPA 1997 5-9.3, and Standard Fire Prevention Code 1999 for testing and maintaining "Exit and Emergency Lighting" systems across the world are propelling the growth of the emergency lighting market.

The increasing number of natural disasters will boost the market growth

The awareness of the safety of individuals within buildings and residences is growing as a result of an increase in the frequency of natural catastrophes, including earthquakes, tsunamis, hurricanes, and fires. Thus, tight government regulations requiring the installation of emergency lights in finished and unfinished buildings as well as other infrastructure like trains and airplanes are driving the market for emergency lighting. In August 2021, according to a report from the World Meteorological Organization (WMO) and UN Office for Disaster Risk Reduction (UNDRR), there have been more natural disasters over the past 50 years as a result of climate change and increasingly extreme weather events. As per the same source, During the previous 50 years, there has been an average of a weather, climate, or water-related disaster each day, with 115 fatalities and daily losses of US$ 202 million. Poorer countries have been disproportionately affected by these calamities, and there are power outages that necessitate the use of emergency lightning in the area. Due to the occurrences of such calamities frequently there is a need to install emergency lighting in every building and residential place which will propel the growth of the emergency lights market.

The increased construction projects will boost the market growth

The increasing number of building and infrastructure projects in various nations is one of the driving factors affecting the growth of the global emergency lighting market. In 2019, According to the National Development and Reform Commission of China, authorized over 26 infrastructure projects with completion dates projected for 2023. The expansion of the worldwide market for emergency lighting is also being aided by recent technical developments in the lighting sector. To draw in investors, governments throughout the world are eager to create top-notch infrastructure in their nations. Several nations have stated plans to create a variety of smart cities and other smart projects with this in mind. According to the National Informatics Centre (NIC), Ministry of Electronics & Information Technology, the establishment of 100 smart cities has already begun under the direction of the ministry of urban development in which around 2400 projects are ongoing and 5399 projects are completed. These projects have emergency lighting systems incorporated into them. These construction and smart projects are major drivers of the global emergency lighting market's expansion.

During the forecast period, the Asia-Pacific region market is expected to grow

Throughout the projection period, the Asia-Pacific region is anticipated to see growth in the emergency lights market. The market is expanding as a result of the governments in the Asia-Pacific region actively encouraging the use of emergency lighting. The expansion of emergency lighting in the area is anticipated to be fuelled by several government flagship initiatives, like India has Housing for Everyone, Atal Mission for Urban Rejuvenation and Transformation (AMRUT), Make in India, and Electricity for All. In 2021, According to Infrastructure Australia, in the next ten years, an estimated $290 billion will be invested, almost tripling in the following three years in residential, civil, and commercial construction, it will have a tremendous infrastructural expenditure, which can lead to the demand of emergency lights in buildings and industries for the safety purpose and with the schemes of government will propel for the emergency lights market.

Market Key Developments.

• In August 2022, ABB launched the cutting-edge and simple-to-install “Movion” modular emergency lighting line, saving time and money in commercial applications including offices and retail, as well as in schools, restaurants, and hotels. By simply rotating the electronics box 90 degrees, the exit signs will be converted from a ceiling-to-wall installation.
• In February 2021, Orient Electric Limited has launched an additional line of emergency LED lighting solutions that offer backup illumination during power outages for up to four hours. The line comprises LED bulbs, LED battens, LED recess panels, and bulkheads that may be utilized as regular lighting sources and transition automatically to emergency mode when there is a power outage.

Emergency Lights Market Scope:

Segmentation

• By Type
  • Fire Emergency Lights
  • LED Emergency Lights
  • Others
• By Battery Type
  • Lead Acid
  • Nickel Cadmium
  • Mickle Metal Hydride
  • Lithium Iron Phosphate
• By End-User
  • Residential
  • Commercial
  • Industrial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Suadi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others