Expanding Construction Industry Growing Emergency Lighting Market

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The increasing number of construction projects, and technological improvement in the lighting sector are driving the growth of the emergency lighting market. The market is predicted to attain a size of $7.4 billion by 2024, progressing at a CAGR of 7.6% during the forecast period (2019–2024).

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Emergency Lighting Market

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2 Global Emergency Lighting Market © PS Intelligence. All rights reserved The increasing number of construction projects and technological improvement in the lighting sector are driving the growth of the emergency lighting market. The market is predicted to attain a size of 7.4 billion by 2024 progressing at a CAGR of 7.6 during the forecast period 2019–2024 according to PS Intelligence. An emergency lights is a battery-backed device that starts automatically during a power cut in a building. These lights are widely used in commercial and residential buildings such as college dormitories. The emergency lighting market includes three categories based on the power system viz. self-contained hybrid and central. Out of these in 2018 self-contained power systems led the market and are predicted to do so during the forecast period as well. Lights with these power systems can be installed quickly and are cost- effective for small and medium enterprises SMEs as there’s no need for additional power cables for them to work. However the central power system category is anticipated to witness the fastest CAGR during the 2019–2024 period. This is ascribed to the better durability and easier maintenance of these systems as compared to the self-contained type. Now on the basis of application the emergency lighting market is classified into commercial industrial residential and others. Among these the residential classification is expected to witness the fastest growth during the forecast period. This is mainly attributed to the rapid construction of houses especially in the Asia-Pacific APAC and Middle East and Africa MEA regions.

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3 Global Emergency Lighting Market © PS Intelligence. All rights reserved Countries such as Qatar the U.A.E and Brazil are making it compulsory to install these systems in buildings thereby fueling the demand for emergency lighting. Hence the increasing number of construction projects in different regions are escalating the market growth. Read more related reports: APAC Emergency Lighting Market

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4 Global Emergency Lighting Market © PS Intelligence. All rights reserved Kindly write to: enquirypsmarketresearch.com B-13 Sector – 2 Noida U.P. – 201301 INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 Disclaimer: PS Intelligence always keeps customers interest at the core while carrying out research activities. PS Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. PS Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in PS Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. PS Intelligence does not endorse any product service or vendor depicted in its research publications. All intellectual property including trademarks and copyrights belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service report or part thereof provided by PS Intelligence can be reproduced republished resold revealed distributed circulated or sublicensed in any medium or form now realized or hereafter become realized including and not limited to all forms of optical-based media magnetic electronic or digital without a written permission from PS Intelligence.

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