EMERGENCY LIGHTING BATTERY MARKET ANALYSIS | CMI

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EMERGENCY LIGHTING BATTERY MARKET ANALYSIS

• Emergency Lighting Battery Market, by Battery
  Type (NiCd battery, NiMH battery, Li-ion battery,
  and Lead-acid battery), by Lighting Source (LED,
  Incandescent, and Others), by Application
  (Residential, Commercial, and Industrial), and by
  Region - Size, Share, Trends, and Forecast to
  2026
• Emergency lights are battery operated lighting
  devices that can automatically light emergency
  exit signs during power outage, in order to
  maintain continuous operation of the emergency
  light such as emergency escape lighting and
  standby lighting among others, to enable all
  occupants to evacuate the premises safely during
  an emergency situation. The key features of
  emergency lights includes low maintenance costs
  where only the periodic test and general cleaning
  are required along with low hardware equipment
  costs, which does not require extended wiring and
  special ventilation.

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Market Drivers

• Increasing number of construction activities is
  driving global Emergency Lighting Battery Market
  growth
• Increasing initiatives for development of smart
  city and connected infrastructure by various
  governments has resulted in adoption of advanced
  lighting technologies such as LED lights in
  buildings. For instance, according to a white
  paper by Technology that was sponsored by United
  Parcel Services and Consumer Technology
  Association, globally smart city initiatives
  increased to over 235 in 2016, which is increase
  of over 38 in comparison to 2013. Increasing
  number of infrastructural activities is expected
  to create a conducive environment for growth of
  the emergency lighting market through 2026, as
  emergency lights enables all emergency and exit
  lighting required for commercial, retail,
  industrial, or office building, even during power
  outage. Emergency lights are used for assisting
  people to exit buildings during fire or natural
  disasters.

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Market Restraints

• Lack of awareness is one of the key factors
  restraining growth of the market
• The key factor restraining market growth is
  limited awareness regarding emergency lighting
  systems in emerging economies such as India. In
  emerging economies, consumers are more inclined
  towards adopting cost effective alternatives as
  emergency lights such as portable emergency
  lights and UPS, where the maintenance cost is
  relatively low and therefore it is preferred,

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Figure Global Emergency Lighting Battery Market
Value Share (), by Region, 2026
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Segment Information

• Asia Pacific emergency lighting battery market is
  expected to witness highest CAGR over forecast
  period from 2018 to 2026
• The emergency lighting battery market for
  Asia-Pacific is forecasted to hold 21.9 share in
  the global market by 2026. The growth in this
  region is attributed to increasing population,
  which is propelling demand for construction
  projects in this region. According to
  Worldometers, the population of Asia was 4,542
  million as of June 8, 2018, which is equivalent
  to 59.66 of the total world population. India
  and China are densely populated countries in this
  region. For instance, as of June 8, 2018, the
  population of India was 1,353 million which
  increased from 1,339 million estimated by the end
  of 2017. India marked second position in the list
  of countries by population, worldwide. Hence,
  increasing population and increasing purchasing
  power are expected to drive growth of
  construction and real estate sector. According to
  India Brand Equity Foundation (IBEF), the Indian
  real estate market is expected to reach US 180
  billion by 2020. Housing sector is expected to
  contribute around 11 to Indias GDP by 2020.
  Hence, the economic expansion of India is
  expected to boost growth of residential,
  commercial, and industrial sector. For instance,
  in 2015, 100 smart city mission was launched by
  Government of India to develop 100 smart cities
  across the country. Therefore, rising population
  and increasing construction industry projects
  will proportionally increase emergency lighting
  batteries demand in this region.

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Key Companies

• Major players operating in the global emergency
  lighting battery market include Philips Lighting
  Holding B.V., Hubbell Lighting, Inc., Cooper
  Industries, Schneider Electric SE, Emerson,
  Legrand S.A., Acuity Brands, Beghelli S. P. A.,
  Daisalux, Zumtobel Group, and Osram Licht AG.

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