Expanding Construction Industry Augmenting the Emergency Lighting Market Progress

1. Emergency Lighting Market Emergency Lighting Market

2. Global Emergency Lighting Market 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 P&S 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. 2 © P&S Intelligence. All rights reserved

3. Global Emergency Lighting Market 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 3 © P&S Intelligence. All rights reserved

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