The global LED Emergency Lighting Market is forecasted to be worth USD 4.23 Billion by 2027, according to a current analysis by Emergen Research.The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. During the forecast period, the rechargeable segment will be the largest market due to improved lifetime and durability .Throughout the case of power shortfalls, emergency Lights must be equipped with municipal and state requirements in order to keep direct exit routes to stairwells during an emergency. The rising emergency lighting integration with esthetic lighting and the growing demand for energy-efficient emergency lightning are driving the demand for the market. Due to benefits such as excellent heat dissipation, smaller size, greater lumen performance, less lumen depreciation, prolonged lifespan, the Surface Mount segment is anticipated to lead the market with a CAGR of 6.9% over the forecast period. The rising demand for the LED Emergency Lighting products is expected to drive the demand for LED Emergency Lighting , thereby bolstering the growth of the industry. LED Emergency Lighting Market Size – USD 2.60 billion in 2019, Market Growth - CAGR of 6.7 %, Market Trends – The rise in LEDs' adoption due to the decline of prices.
LED costs have decreased tremendously and thus increase demand in different fields of application, like commercial and residential buildings. The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the LED Emergency Lighting market. Due to the widespread use of emergency lighting solutions in the commercial industry, the commercial segment is expected to dominate the market during the forecast. The rising emergency lighting integration with esthetic lighting and the growing demand for energy-efficient emergency lightning are driving the demand for the market The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the LED Emergency Lighting market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities. The high cost of emergency lighting solutions installations is likely to impede market growth over the forecast timeframe.
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Key participants include ams AG, NVC Lighting Ltd., Acuity Brands, Inc., IOTA Engineering, L.L.C., Koninklijke Philips N.V., Osram Licht AG, Legrand S.A., Digital Lumens, Inc., Hubbell Incorporated, and Fulham Co., Inc., among others.
Emergen Research has segmented the global LED Emergency Lighting Market on the basis of technology, power source, end-use, and region:
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Cinema
Commercial
School
Residential
Others
Technology Outlook (Revenue, USD Billion; 2017-2027)
Surface Mount
Chips on Board
Regional Analysis of the LED Emergency Lighting Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Taxonomy:
Chapter 1: Methodology & Scope
Chapter 2:
Executive Summary
Chapter 3:
Industry Insights
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
The report considers the following timeline for market estimation:
Historical Years: 2020-2027
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Key questions addressed in the report:
Who are the leading players dominating the global LED Emergency Lighting Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for LED Emergency Lighting in this industry vertical?
Read More: https://www.emergenresearch.com/industry-report/led-emergency-lighting-market
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