Emergency Lighting Market to Witness a Leap by Leaching US$ 7 Bn by 2022

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Emergency Lighting Market to Grow at 6 CAGR to
Garner US 7 Bn by 2022- Impact of COVID-19
Pandemic by MRFR
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
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Emergency Lighting Market

Industry Insights The emergency lighting market
analysis 2020 offers a steady compound annual
growth rate (CAGR) of 6 during the years between
2016 and 2022. Market Research Future estimates
the figures and reveals that the market will
witness a valuation of USD 7 Billion in the same
period. Top Impacting Factors The mounting
emphasis on severe fire and safety regulations by
governments across the world is motivating the
market to a great extent. In the case of point,
some regulations, such as NFPA 70 - National
Electric Code, Occupational Safety and Health
Administration (OSHA) Code of Federal
Regulations, International Fire Code, NFPA 101 -
Life Safety Code, Standard Fire Prevention Code
1999 and NFPA 1997 5-9.3 are some of the
regulations for testing and maintaining
emergency lighting systems across the
world. Get Free Sample Report _at_ https//www.market
researchfuture.com/sample_request/3866 Other than
this, the growing government policies like the
ban in the usage of incandescent light, the use
of energy-efficient and cost-saving nature of
LEDs are surging the penetration of LEDs at a
rapid pace. With this, LEDs are known to be
highly controllable, as the integrity of LEDs can
vary based on the requirements when incorporated
with a driver. These factors have also fostered
the global market of emergency lighting
simultaneously. Furthermore, there has also been
a recent boost in the usage of self-diagnostic
systems in emergency lighting applications. These
systems have high-end ability to perform a
variety of self-diagnostic functions that
repeatedly study the performance of the unit,
verify its function, and alert the appropriate
department of problems. Technological
advancements in emergency lighting, automation
systems, and deployment of multi-brand strategies
might further arouse the market growth in the
forecast period. On the contrary, other factors
such as high capital investment and operational
costs are restraining the growth of the emergency
lighting market for the future. In fact, lack of
standardization and challenges associated with
designing emergency lighting is also restraining
the growth in this emergency lighting market.
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Emergency Lighting Market

Segmentation of Market Emergency
Lighting The emergency lighting market, as per
the study, has been segmented among the segments
of the power system, components, light source,
battery, and application. The power system
segmentation has included central,
self-contained, and hybrid. Where self-contained
emergency lighting is used in small buildings
with a low number of lighting points, they can be
functional in either maintained or non-maintained
mode. Maintained emergency lights are lit all the
time. The light used in maintained mode is
usually dimmed in crowded places and is known for
preventing total darkness. The components segment
has included hardware, software, and
services. The battery segment has included
LiFePO4, Ni-Cd, NiMH, and LeadAcid. The light
sources segment has included Fluorescent, LED,
Induction, Incandescent, and others. The
application segment has included residential,
commercial, and industrial. Regional
Framework The geographical analysis of the
emergency lighting market is further being
studied for critical regions of the Americas,
Asia Pacific, Europe, and the Rest of the World.
The mounting demand for emergency lighting in the
commercial, residential, and industrial sectors
is motivating the market in the North America
region. North America region is also ready to
witness leadership towards the emergency lighting
market throughout the forecast period.
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Emergency Lighting Market

Asia-Pacific region is also anticipated to expand
at the highest CAGR owing to the high adoption of
emergency lighting in developing countries, and
an escalating focus on real estate projects is
driving the market in the region. The
Asia-Pacific region will also have the highest
growth rate over the forecast period as the
governments in countries are actively promoting
the adoption of emergency lighting. Various
government flagship programs, such as Housing for
All, Atal Mission for Urban Rejuvenation and
Transformation (AMRUT), Power for All, and Make
in India, are expected to encourage the growth of
emergency lighting in the region. In fact, the
rapid urbanization in developing countries, such
as China, India, Japan, and South Korea, is also
leading to an increase mainly in the construction
sector. Noteworthy infrastructure expenditure is
witnessed in Hong Kong, Australia, Singapore, the
Philippines, Thailand, Taiwan, Myanmar, and
Vietnam. Top Market Contenders The top market
players in the emergency lighting market are
listed as Hubbell Lighting Inc. (U.S.), Philips
Lighting Holding B.V. (Netherlands),  Schneider
Electric SE (France), Cooper Industries
(Ireland), Legrand S.A. (France), Emerson (US),
Beghelli S.p.A. (Italy), Acuity Brands (U.S.),
Zumtobel Group (Austria) and Daisalux
(Spain). Get Complete Report _at_ https//www.marketr
esearchfuture.com/reports/emergency-lighting-marke
t-3866
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