The emergency lighting market is expected to reach $7.4 billion by 2024. The growth in the market would be attributed to growing number of construction projects, globally as well as technological advancements in the lighting industry.
Based on battery type, global emergency lighting market is segmented into nickel-cadmium (Ni-Cd), nickel-metal hydride (Ni-MH), lithium-ion (Li-ion), and Lead-acid. Among these, Li-ion battery category held largest share in the market, accounting for an estimated share of around 39% in 2018. Further, it is expected to register fastest CAGR during the forecast period.
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Based on light source, emergency lighting market is categorized into fluorescent, light emitting diode (LED), incandescent, induction, and others; wherein ‘others’ include high intensity discharge (HID), cold cathode and halogen lamps.
Additionally, there is an increase in use of self-diagnostic systems in emergency lighting applications. The self-diagnostic systems perform a self-diagnostic function that analyzes the performance of light units, verify its operation and send alerts to the respective department regarding problems.
North America is the largest market for emergency lighting, contributing over 30% to the global emergency lighting market in 2018.
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Some of the key players operating in the emergency lighting market are Osram Licht AG, Hubbell Incorporated, Eaton Corporation plc, Signify Holding, Syska LED Lights Pvt Ltd., Zumtobel Group AG, Acuity Brand Inc., Schneider Electric SE, Legrand S.A., Daisalux S.A.U., and Larson Electronics LLC.
Emergency Lighting Market Segmentation
Market Segmentation by Power System
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Contact:Based on battery type, global emergency lighting market is segmented into nickel-cadmium (Ni-Cd), nickel-metal hydride (Ni-MH), lithium-ion (Li-ion), and Lead-acid. Among these, Li-ion battery category held largest share in the market, accounting for an estimated share of around 39% in 2018. Further, it is expected to register fastest CAGR during the forecast period.
Request Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/emergency-lighting-market/report-sample
Based on light source, emergency lighting market is categorized into fluorescent, light emitting diode (LED), incandescent, induction, and others; wherein ‘others’ include high intensity discharge (HID), cold cathode and halogen lamps.
North America is the largest market for emergency lighting, contributing over 30% to the global emergency lighting market in 2018.
Read More about Report :: https://www.psmarketresearch.com/market-analysis/emergency-lighting-market/
Some of the key players operating in the emergency lighting market are Osram Licht AG, Hubbell Incorporated, Eaton Corporation plc, Signify Holding, Syska LED Lights Pvt Ltd., Zumtobel Group AG, Acuity Brand Inc., Schneider Electric SE, Legrand S.A., Daisalux S.A.U., and Larson Electronics LLC.
Emergency Lighting Market Segmentation
Market Segmentation by Power System
- Self-Contained
- Central
- Hybrid
- Nickel-cadmium (Ni-Cd)
- Nickel-metal hydride (Ni-MH)
- Lithium-ion (Li-ion)
- Lead-Acid
- Fluorescent
- Light Emitting Diode (LED)
- Incandescent
- Induction
- Others (High Intensity Discharge (HID), Cold Cathode and Halogen Lamps)
- Hardware
- Software
- Services
- Industrial
- Commercial
- Residential
- Others (Railway station, Airports and Ship yards)
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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