Global Emergency Lighting Growth Opportunities

Global Emergency Lighting Growth Opportunities

Future Growth Potential Powered by Non-residential Building Regulations and Technological Advancements

RELEASE DATE
19-Nov-2021
REGION
Global
Research Code: PC2D-01-00-00-00
SKU: EN01289-GL-MT_25971
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Description

Global emergency lighting is expected to account for 3.3% growth in 2021 after a decline of 6.7% in 2020 due to the pandemic. The market will only reach pre-COVID-19 growth rate in 2022. Market revenue is forecasted to be valued at $6.9 billion by 2027 with a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027.

North America will continue to be the largest region for this market in 2027. Europe is considerably a relatively more mature market for emergency lighting. Historically, it is the second largest region in market revenue, but it is likely to take the third spot in 2025.

Asia-Pacific will emerge as the second largest emergency lighting market as early as 2025. The region will also account for the highest CAGR. Latin American and Middle Eastern and African regions form the smallest revenue in emergency lighting.

The emergency lighting market is moving toward 100% LED for light source and lithium-ion technology for battery systems. Adoption of adaptive evacuation systems with dynamic signage features is gaining momentum due to increasing need for more integrated and advanced life safety systems during emergency situations.

Every country and regional association, such as European Union, came up with huge stimulus packages to make the economies recover and get back on their feet. The stimulus packages were targeted toward social welfare, healthcare, public infrastructure, energy efficiency, and many more. This is expected to increase local investments and cash flow for small and medium enterprises associated with the construction sector.

Some of the Tier I and leading emergency lighting companies are yet to come up with major technology-based product updates that would directly compete with other regional and Tier II vendors’ innovative products. It is imperative for them to invest in R&D to develop adaptive evacuation systems with automated testing and logging features.

Key drivers for market growth include regulatory compliance, new construction and renovation of buildings, and energy efficiency and other technology advancements. Key restraints include threat of low-cost emergency signage boards and non-compliance to emergency lighting regulations and building codes.

Leading participants in the market are ABB, Eaton, Signify, Legrand, Beghelli, Acuity Brands, Zumtobel Group, and Hubbell. Key competitive factors include compliance with regulations and standards, energy efficiency, adaptive lighting, price, brand, product performance. In addition, key growth opportunities in the global emergency lighting market are life safety systems integration in buildings, and fire and building code reforms in developing countries.

Author: Anirudh Bhaskaran

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Emergency Lighting

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis—Emergency Lighting

Market Segmentation—Emergency Lighting

Key Competitors—Emergency Lighting

Key Growth Metrics—Emergency Lighting

Distribution Channels—Emergency Lighting

Growth Drivers—Emergency Lighting

Growth Restraints—Emergency Lighting

Forecast Assumptions—Emergency Lighting

Revenue Forecast—Emergency Lighting

Revenue Forecast by Product—Emergency Lighting

Revenue Forecast by End User—Emergency Lighting

Revenue Forecast by Region—Emergency Lighting

Revenue Forecast Analysis—Emergency Lighting

Revenue Forecast Analysis by Region—Emergency Lighting

Revenue Forecast Analysis by Region—Emergency Lighting (continued)

Pricing Trends—Emergency Lighting

Regulations and Standards in Select Countries

Regulations and Standards in Select Countries (continued)

Competitive Environment—Emergency Lighting

Revenue Share—Emergency Lighting

Revenue Share Analysis—Emergency Lighting

Key Growth Metrics—Emergency Lighting: North America

Revenue Forecast—Emergency Lighting: North America

Revenue Forecast by Product—Emergency Lighting: North America

Revenue Forecast by End User—Emergency Lighting: North America

Revenue Forecast Analysis—Emergency Lighting: North America

Revenue Share—Emergency Lighting: North America

Revenue Share Analysis—Emergency Lighting: North America

Key Growth Metrics—Emergency Lighting: Europe

Revenue Forecast—Emergency Lighting: Europe

Revenue Forecast by Product—Emergency Lighting: Europe

Revenue Forecast by End User—Emergency Lighting: Europe

Revenue Forecast Analysis—Emergency Lighting: Europe

Revenue Share—Emergency Lighting: Europe

Revenue Share Analysis—Emergency Lighting: Europe

Key Growth Metrics—Emergency Lighting: Asia-Pacific

Revenue Forecast—Emergency Lighting: Asia-Pacific

Revenue Forecast by Product—Emergency Lighting: Asia-Pacific

Revenue Forecast by End User—Emergency Lighting: Asia-Pacific

Revenue Forecast Analysis—Emergency Lighting: Asia-Pacific

Revenue Share—Emergency Lighting: Asia-Pacific

Revenue Share Analysis—Emergency Lighting: Asia-Pacific

Key Growth Metrics—Emergency Lighting: Middle East and Africa

Revenue Forecast—Emergency Lighting: Middle East and Africa

Revenue Forecast by Product—Emergency Lighting: Middle East and Africa

Revenue Forecast by End User—Emergency Lighting: Middle East and Africa

Revenue Forecast Analysis—Emergency Lighting: Middle East and Africa

Revenue Share—Emergency Lighting: Middle East and Africa

Revenue Share Analysis—Emergency Lighting: Middle East and Africa

Key Growth Metrics—Emergency Lighting: Latin America

Revenue Forecast—Emergency Lighting: Latin America

Revenue Forecast by Product—Emergency Lighting: Latin America

Revenue Forecast by End User—Emergency Lighting: Latin America

Revenue Forecast Analysis—Emergency Lighting: Latin America

Revenue Share—Emergency Lighting: Latin America

Revenue Share Analysis—Emergency Lighting: Latin America

Growth Opportunity 1: Life Safety Systems Integration in Buildings to Augment Growth of Adaptive Evacuation System

Growth Opportunity 1: Life Safety Systems Integration in Buildings to Augment Growth of Adaptive Evacuation System (continued)

Growth Opportunity 2: Fire and Building Code Reforms in Developing Countries for Long-term Opportunities

Growth Opportunity 2: Fire and Building Code Reforms in Developing Countries for Long-term Opportunities (continued)

Growth Opportunity 3: Continuous Advancement in DALI and IoT for Adoption in Emergency Lighting

Growth Opportunity 3: Continuous Advancement in DALI and IoT for Adoption in Emergency Lighting (continued)

List of Companies in “Others”

List of Companies in “Others” (continued)

List of Companies in “Others” (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Related Research
Global emergency lighting is expected to account for 3.3% growth in 2021 after a decline of 6.7% in 2020 due to the pandemic. The market will only reach pre-COVID-19 growth rate in 2022. Market revenue is forecasted to be valued at $6.9 billion by 2027 with a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. North America will continue to be the largest region for this market in 2027. Europe is considerably a relatively more mature market for emergency lighting. Historically, it is the second largest region in market revenue, but it is likely to take the third spot in 2025. Asia-Pacific will emerge as the second largest emergency lighting market as early as 2025. The region will also account for the highest CAGR. Latin American and Middle Eastern and African regions form the smallest revenue in emergency lighting. The emergency lighting market is moving toward 100% LED for light source and lithium-ion technology for battery systems. Adoption of adaptive evacuation systems with dynamic signage features is gaining momentum due to increasing need for more integrated and advanced life safety systems during emergency situations. Every country and regional association, such as European Union, came up with huge stimulus packages to make the economies recover and get back on their feet. The stimulus packages were targeted toward social welfare, healthcare, public infrastructure, energy efficiency, and many more. This is expected to increase local investments and cash flow for small and medium enterprises associated with the construction sector. Some of the Tier I and leading emergency lighting companies are yet to come up with major technology-based product updates that would directly compete with other regional and Tier II vendors’ innovative products. It is imperative for them to invest in R&D to develop adaptive evacuation systems with automated testing and logging features. Key drivers for market growth include regulatory compliance, new construction and renovation of buildings, and energy efficiency and other technology advancements. Key restraints include threat of low-cost emergency signage boards and non-compliance to emergency lighting regulations and building codes. Leading participants in the market are ABB, Eaton, Signify, Legrand, Beghelli, Acuity Brands, Zumtobel Group, and Hubbell. Key competitive factors include compliance with regulations and standards, energy efficiency, adaptive lighting, price, brand, product performance. In addition, key growth opportunities in the global emergency lighting market are life safety systems integration in buildings, and fire and building code reforms in developing countries. Author: Anirudh Bhaskaran
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No Index No
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Author Anirudh Bhaskaran
Industries Environment
WIP Number PC2D-01-00-00-00
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GPS Codes 9343-A4,GETE