LED Emergency Lighting Market Growth, Forecast, Overview and Key Companies Analysis by 2028

The global LED Emergency Lighting Market is forecasted to be worth USD 4.23 Billion by 2027, according to a current analysis by Emergen Research. Due to the growing convergence of emergency lighting with aesthetic lighting, the LED emergency lighting market is expected to expand rapidly. In the forecast timeframe, the rising demand for effective emergency lightning is expected to further fuel market growth. LED costs have decreased tremendously and thus increase demand in different fields of application, like commercial and residential buildings. The increasing demand for LEDs and energy efficiency has driven the manufacturers of lighting goods to expand their LED portfolios.The high cost of emergency lighting solutions installations is likely to impede market growth over the forecast timeframe.

The latest market intelligence study on LED Emergency Lighting market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities and competitive landscape of LED Emergency Lighting market for the forecast period, 2021 - 2027. Importantly, the research taps critical data about the niche segments, market share, size, and growth rate to offer business owners, field marketing executives and stakeholders a competitive edge over others operating in the same industry. Deep dive into customer – focussed aspects including spending power, shifting customer preferences and consumption volume further narrates a lot about the business processes in vogue and product utilization for the forecast period, 2021 - 2027.

Key Highlights From The Report

In August 2020, Koninklijke Philips N.V. acquired Intact Vascular, Inc. Philips will extend its range of image-oriented medical devices by acquiring Intact Vascular. With the Tack Endovascular System, a much-needed device that successfully enhances blood circulation in the vessels of limb, enables healing, and protects limbs; the deal will broaden its product line of treatments for peripheral arteries with minimally invasive impacts.

Due to benefits such as excellent heat dissipation, smaller size, greater lumen performance, less lumen depreciation, prolonged lifespan, the Surface Mount segment is anticipated to lead the market with a CAGR of 6.9% over the forecast period.

During the forecast period, the rechargeable segment will be the largest market due to improved lifetime and durability.

Due to the widespread use of emergency lighting solutions in the commercial industry, the commercial segment is expected to dominate the market during the forecast. Throughout the case of power shortfalls, emergency Lights must be equipped with municipal and state requirements in order to keep direct exit routes to stairwells during an emergency.

During the forecast timeframe, North America is anticipated to dominate the market owing to increased residential and commercial construction in the United States, a priority of the United States government on energy efficient lighting, and strict safety regulations for integrating emergency lights in constructions around the region.

Key participants include ams AG, NVC Lighting Ltd., Acuity Brands, Inc., IOTA Engineering, L.L.C., Koninklijke Philips N.V., Osram Licht AG, Legrand S.A., Digital Lumens, Inc., Hubbell Incorporated, and Fulham Co., Inc., among others.

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Technology Outlook (Revenue, USD Billion; 2017-2027)

Surface Mount

Chips on Board

Power Source Outlook (Revenue, USD Billion; 2017-2027)

Rechargeable

Solar

Battery

End-Use Outlook (Revenue, USD Billion; 2017-2027)

Cinema

Commercial

School

Residential

Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

Europe

Asia Pacific

Latin America

MEA

Table of Content

Chapter 1. Methodology Sources

1.1. LED Emergency Lighting Market Definition

1.2. LED Emergency Lighting Market Research Scope

1.3. LED Emergency Lighting Market Methodology

1.4. LED Emergency Lighting Market Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. LED Emergency Lighting Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. LED Emergency Lighting Market Segmentation Impact Analysis

Continued…

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