Asia-Pacific (APAC) Emergency Lighting Market by Offering (Hardware, Software, Services), by Power System (Self-Contained, Central, Hybrid), by Battery Type (Ni-Cd, Ni-MH, Li-Ion, Lead-Acid), by Light Source (Fluorescent, LED, Incandescent, Induction), by Application (Residential, Commercial, Industrial), by Country (China, India, Japan, Australia, South Korea) – Market Size, Share, Development, Growth, and Demand Forecast, 2014–2024

Asia-Pacific Emergency Lighting Market Overview

The Asia-Pacific (APAC) emergency lighting market, estimated at $1.2 billion in 2018, is expected to advance at a CAGR of 10.1% during the forecast period 2019–2024. Increasing expenditure on infrastructure, including indoor and outdoor lighting, and implementation of stringent safety norms in commercial buildings are the major factors contributing to the growth of the emergency lighting industry in the APAC region.

Based on offering, the Asia-Pacific emergency lighting market has been classified into hardware, software, and services. Of these, the software category is expected to record the highest CAGR in the market during the forecast period. This can be mainly attributed to the growing demand for software solutions for the effective monitoring of emergency lights.

Besides, the market has been categorized into emergency lighting solutions that run on lithium-ion (Li-ion), lead-acid, nickel-cadmium (Ni-Cd), and nickel-metal hydride (Ni-MH) batteries. Among these, the Li-ion category is estimated to hold the largest revenue share in the Asia-Pacific emergency lighting market in 2018. This can be attributed to the initiatives taken by several governments in the region, particularly in India, to support the manufacturing of Li-ion batteries in the country. For instance, under the Make in India initiative, the Indian government aims to set up a Li-ion battery manufacturing base in the country to support the adoption of Li-ion batteries owing to their better energy efficiency and lighter weight.

Emergency lighting solutions in APAC are widely used in commercial, industrial, residential, and other applications. Among these, the fastest growth in the Asia-Pacific emergency lighting market during the forecast period is expected in residential application. This can be attributed to the growing number of smart homes in the region, mainly in China, Japan, South Korea, and Taiwan. It has been estimated that Asia’s smart home market would reach $115 billion by 2030, accounting for nearly 30% share in the global market.

During the forecast period, the Asia-Pacific emergency lighting market is expected to witness the fastest growth in India. This can be mainly ascribed to the growing real estate sector and increasing construction of smart cities and urban houses in the country, which would push the demand for emergency lighting solutions in the country in the near future.

Asia-Pacific Emergency Lighting Market Dynamics

Trend

The key trend observed in the Asia-Pacific emergency lighting market is the rising adoption of light-emitting diode (LED) lights. This can be majorly attributed to low power consumption associated with the LED technology as compared to other lighting technologies. Thus, due to higher energy efficiency, LEDs are considered an economical option, especially in the long run. In addition, LED emergency lights have longer life span and are less fragile. Furthermore, declining prices of LED lamps have led to a rise in demand for these lights in recent years.

Driver

Stringent safety guidelines imposed by the governments are contributing immensely to the growth of the Asia-Pacific emergency lighting market. In APAC, governments of countries such as India and China have imposed stringent guidelines with respect to safety in several establishments. For instance, as per the Indian norms, schools, shopping malls, offices, and restaurants in the country must have emergency/fire exits. In other words, commercial and public buildings in India should have an alternate staircase, providing access and exit from higher floors during any disaster.

Besides, escape routes should carry proper symbols and should be adequately illuminated to clearly indicate exits in case of emergencies. Emergency lighting solutions, in this regard, offer constant lighting, making it safe for people within the premises to evacuate calmly during a fire outbreak, power outage, or other disaster. Thus, due to strict safety policies, commercial buildings are generating a high demand for emergency lighting solutions in the APAC region.

Opportunity

A major opportunity for the growth of the players operating in the Asia-Pacific emergency lighting market lies in the growing adoption of internet of things (IoT)-enabled emergency lights. IoT makes it easy for public and private organizations to conserve more energy with smart lighting systems. IoT enables lighting settings to adapt to environmental conditions, such as fog and rain, thereby optimizing energy consumption and ensuring adequate illumination as per the ambience requirement.

Furthermore, IoT makes it possible to test and monitor all emergency lights at any time from any location. It also enables automated testing to ensure problems are timely detected to avoid system failure at a later stage. These advantageous factors associated with IoT are boosting the adoption of IoT-enabled emergency lights, thus encouraging vendors in the Asia-Pacific emergency lighting market to introduce innovative solutions and expand their market share.

Value Chain Analysis

Asia-Pacific Emergency Lighting Market Competitive Landscape

In the recent past, players in the Asia-Pacific emergency lighting market have particularly focused on product launches to expand their customer base. For instance, in May 2018, Syska LED Lights Pvt Ltd. launched emergency bulbs and emergency lanterns in its LED lighting portfolio. These products are eco-friendly, contain bright LEDs for illumination, and are easy to carry and handle. The emergency lantern has additional features. It has a USB output that can be used along with a 5-in-1 charging cable to power up mobile phones and a card slot for playing music even during a power cut. Furthermore, companies are focusing on strengthening their position in the market via mergers and acquisitions.

Some of the other key players operating in the Asia-Pacific emergency lighting market are PNE Industries Ltd., Larson Electronics LLC, Zumtobel Group AG, Beghelli S.p.A., Kejie Electronic Co. Ltd., Osram Licht AG, Eaton Corporation plc, and Schneider Electric SE.