Published: August 2017
Report Code: SE11077
Category : Electronic System and Devices
An emergency light is a battery backed lighting device that activates automatically during the power outage in a building. Emergency lights are connected to the building's electrical supply, which provides a constant charge to the battery. The battery used to provide back up to the lights can last for minimum thirty minutes, in a building. The global emergency lighting market has been categorized on the basis on power system, battery type, light source, offerings and by application. Based on type of power system, the market has been generating highest revenue from self-contained, while central and hybrid are the other major power systems of emergency lighting. Based on battery type, LiFePO4 is expected to be the fastest growing battery during the forecast period. Among the applications of emergency lighting, industrial sector accounts for the major revenue in the global market.
GLOBAL HYBRID POWER SYSTEM MARKET, by REGION, $M (2013 – 2023)
The market for emergency lighting is gaining interest of consumers, with its growing need in various application areas including residential, industrial, commercial, railway platforms and airports.
The global emergency lighting market is expected to grow at a CAGR of 7.9% during the forecast period, to reach $7,900 million by 2023. A significant growth in demand for emergency lighting is anticipated due to growing government support, rising uncertainties in terms of sudden natural calamities and growing technological advancement.
The global emergency lighting market is driven by factors such as decreasing average selling price of LED and growing number of construction projects. With growing awareness levels about light emitting diodes (LED) among consumers, their demand, including emergency lighting, is increasing in various application areas. The companies involved in the manufacturing of lighting products have been broadening their LED enabled emergency lights portfolio. This is due to its increasing demand owing to features such as high energy efficiency and lower cost.
The growing government support to the LED lights industry, and their declining prices would further drive the deployment of LED enabled emergency lights in various application areas, including residential, industrial and commercial sectors. LED lights helps to minimize the CO2 emission, owing to its different properties as compared to traditional lightings. Consequently, with the increasing CO2 emission, the adoption of LEDs is also expected to grow, while their prices keep falling down. Furthermore, the changing paradigm of lighting in industries such as security, electronics and healthcare and continuous advancement in upcoming products, is further expected to drive the demand of emergency lighting in the years to come.
One of the major trends in global emergency lighting market include their mandatory mounting in aircraft in the major countries globally. Technological advancement is another trend observed in the global emergency lighting industry. With the growing adoption of emergency lighting in residential areas, the companies are focusing on increasing their portfolio dedicated to this sector. The companies are investing heavily in research & development to enhance the performance and life span of their smart emergency lighting products. In addition, with the growing adoption of LED enabled emergency lights in aviation sector has been increasing. LED demand is being driven by the inherent through-life cost and flexibility offered by it. In the aviation sector, it also reduces the negative effects of the unnecessary rays emitted by the ordinary lighting, thus improving the in-cabin experience. Further, emergency lighting manufacturers are focusing on technological advancement that improves their reliability and reduces the maintenance cost. A recent research conducted by STG Aerospace concluded that over 75% of the operators in the near future would like to install an LED lighting system; however, its high cost of installation will remain as a major challenge towards their implementation. In the future, OLEDs (Organic LEDs), the next generation LEDs, will be used for in-cabin applications, including emergency exit signage.
Growing adoption of better safety standards and incorporation of smart lighting in emergency lighting are the major opportunities that are expected to drive the future growth of the global emergency lighting market. The growing terror attacks coupled with growing uncertainties in terms of sudden natural calamities, has been gaining government focus towards better safety standards in several countries. Occupational Safety and Health Administration (OSHA) Code of Federal Regulations, NFPA 70 - National Electric Code, NFPA 101 - Life Safety Code, International Fire Code, NFPA 1997 5-9.3 and Standard Fire Prevention Code 1999 are the major lighting regulations for testing and maintaining Exit & Emergency lighting systems across the globe.
Further, the growing government support, coupled with increasing awareness level about the benefits associated with emergency lighting among consumers, have been creating growth opportunity for the market. To cater the growing and changing consumer needs, the companies are focusing on development of sophisticated and advance automation and lighting control systems. Smart lighting helps in reducing the energy loss and cost by automatically turning off the lights while it is not in use or reducing the amount of illumination while sensing the nearby environment and brightness. Energy and cost savings through advance lighting controls are dependent on the specific applications and site utilization rates.
The intensity of rivalry in the global emergency lighting market is moderate. Most of the major vendors in the global emergency lighting market are actively focusing on research & development to enhance the performance of their products. They are also focusing on new product launches and partnerships to enhance the product feature and expand their consumer base across the globe.
Some of the key players operating in the global emergency lighting market are Osram Licht AG, Hubbell Incorporated, Eaton Corporation Plc, Philips Lighting Holding B.V, Syska LED, Daisalux S.A.U, Zumtobel Group AG, Acuity Brand Inc., Schneider Electric SE and Legrand S.A.
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