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 high cost of emergency lighting solutions installations is likely to impede market growth over the forecast timeframe.
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Key Highlights From The Report
- 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.
Emergen Research has segmented the global LED Emergency Lighting Market on the basis of technology, power source, end-use, and region:
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Surface Mount
- Chips on Board
- Power Source Outlook (Revenue, USD Billion; 2017-2027)
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global LED Emergency Lighting market is segmented into the following based on the key regions of the world:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Additional information offered by the report:
- A complete overview of the global LED Emergency Lighting market.
- Detailed examination of the various market dynamics, including drivers, opportunities, challenges, threats, constraints, and development prospects prevailing in the global market.
- Diverse market trends observed on regional and global levels. The report also elaborates on the market size and shares governed by the major geographies, combined with aprecisegrowth forecast analysis, cost analysis, micro- and macro-economic indicators, and regulatory framework.
- A vivid analysis of the company profiles of the key market contenders operating in the global LED Emergency Lighting market.
- Extensive research & development assessment, and a detailed study of the growing demand for new products and the increasing application of the existing andnew products.
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. LED Emergency Lighting Market Market Segmentation & Impact Analysis
4.1. LED Emergency Lighting Market Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. The rising number of construction projects
22.214.171.124. Growing technical advancements in lighting solutions
126.96.36.199. Rising emergency lighting integration with esthetic lighting
188.8.131.52. Increasing demand for energy-efficient emergency lightning
4.2.3. Market restraints analysis
184.108.40.206. High installation and maintenance cost
220.127.116.11. Design-related problems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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