September 19, 2023 10:10 ET | Source: Emergen Research Emergen Research
Vancouver, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The global emergency lighting market size reached USD 5.97 Billion in 2021 and is expected to register a revenue CAGR of 6.31% during the forecast period, according to latest analysis by Emergen Research. Increasing number of residential and commercial construction projects and expanding hospitality industry infrastructure are key factors driving market revenue growth. Laser Line Striping
Emergency lighting is used in various commercial, industrial, and residential buildings and infrastructure, including offices, hospitals, museums, stadiums, academic institutions, and movie theaters among others to provide light in case the primary lighting system or facilities fail or are compromised. Fire exits, walking egresses, and emergency doors are illuminated using these lights to ensure sufficient light and possibility of identifying routes towards safety or exits and to facilitate safe passage during emergencies and during need for evacuation of inhabitants, patients and healthcare staff, and visitors or guests, depending on the location or place.
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A number of countries have regulations in place with regard to installation of emergency lighting systems and periodic maintenance in order to ensure appropriate safety measures. The British Standard BS 5266:1 2016 provides a protocol for installation of fire exits in residential buildings in the U.K. Recent innovations by major companies in the market have resulted in development of wireless emergency lights that turn off whenever a prolonged period of darkness is sensed. Also, use of LEDs has increased in emergency lamps owing to capability of cost-effective and bright illumination, which are some key factors projected to boost revenue growth of the global emergency lighting market between 2022 and 2030.
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Major Companies and Competitive Landscape
The global emergency lighting market is fairly fragmented, with a number of large and medium-sized companies accounting for majority of market revenue. Major companies are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing innovations in different emergency lighting products. Some major companies included in the global emergency lighting market report are:
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Some Key Highlights From the Report
You can access the complete report description, research methodology details, table of contents, and informative infographics by visiting the following link: https://www.emergenresearch.com/industry-report/emergency-lighting-market Emergen Research has segmented global emergency lighting market on the basis of power system, component, lighting type, end-use, and region:
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