Emergency Lighting Global Market Report 2024

Emergency lighting is strategically designed to activate during power outages, ensuring visibility in low-light conditions. It plays a crucial role in facilitating safe, rapid, and effective evacuations from places and buildings. This functionality is not limited to power losses; emergency lighting is essential even when primary lighting is available. By offering critical illumination and guiding occupants to safe locations and safety equipment, emergency lighting contributes significantly to lowering panic and saving lives.

The primary types of emergency lighting systems include self-contained, central, and hybrid systems. Self-contained systems utilize devices with an integrated power supply, typically a rechargeable battery or accumulator charged by exposure to light. The solar unit is distinct from the lighting unit in these systems. Emergency lighting offerings encompass hardware, software, and services, incorporating various battery types such as ni-cd, ni-mh, lifepo4, and lead-acid. End-users benefiting from emergency lighting solutions include residential, commercial, industrial, and other sectors.

The emergency lighting market research report is one of a series of new reports that provides emergency lighting market statistics, including emergency lighting industry global market size, regional shares, competitors with a emergency lighting market share, detailed emergency lighting market segments, market trends and opportunities, and any further data you may need to thrive in the emergency lighting industry. This emergency lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The emergency lighting market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The expansion observed in the historical period can be attributed to several factors, including the implementation of safety regulations, urbanization and infrastructure growth, occurrences of power outages, adherence to fire safety codes, and a heightened emphasis on resilience and disaster preparedness. These elements collectively contributed to the overall growth observed during that timeframe.

The emergency lighting market size is expected to see strong growth in the next few years. It will grow to $9.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to various key factors, including the adoption of green building practices, integration of IoT (Internet of Things), implementation of smart building solutions, emphasis on resilience and disaster preparedness, and the incorporation of adaptive lighting. Noteworthy trends expected in this period encompass technological advancements, advancements in battery technology, increased adoption of LED technology, the establishment of centralized monitoring and control systems, and a focus on sustainability and energy efficiency. These trends are poised to significantly impact and contribute to the projected growth and evolution of the emergency lighting industry in the forecasted period.

The anticipated growth in the construction sector is expected to be a driving force behind the expansion of the emergency lighting market. Emergency lighting is a crucial component on construction sites, ensuring the safety of workers. Construction sites often have various obstructions such as construction materials, electrical switchboards, and portable equipment that may hinder quick evacuation during an emergency. For instance, as per the Indian Ministry of Statistics and Programme Implementation, the construction sector is projected to grow by 10.7% in 2022, contributing to the increasing demand for emergency lighting to enhance safety measures on construction sites. Thus, the growth in the construction sector is a key factor propelling the emergency lighting market.

The burgeoning healthcare sector is also expected to contribute significantly to the growth of the emergency lighting market. In the healthcare industry, emergency lighting plays a critical role in ensuring the safety of patients, healthcare providers, and staff during emergencies such as power outages, fires, or other unforeseen situations. The healthcare sector, encompassing various organizations and facilities dedicated to medical services, has witnessed substantial growth. For instance, a report from the Canadian Institute for Health Information revealed that Canada's healthcare expenditure increased from $328 billion in 2021 to $331 billion in 2022. This growth underscores the importance of emergency lighting systems in healthcare settings, driving the demand for such solutions in the market.

Major companies in the emergency lighting market are strategically focusing on introducing next-generation solutions to gain a competitive edge. These next-generation solutions aim to enhance the efficiency and effectiveness of emergency lighting systems. For example, Hochiki, a Japan-based manufacturer of fire detection and emergency lighting products, launched FIREscape Nepto in March 2023. This next-generation emergency lighting system complies with BS 5266, featuring an addressable emergency lighting control panel with addressable standalone LED luminaires and exit signs operating at an exceptionally low voltage. FIREscape Nepto, which is backward compatible with earlier FIREscape series panels and devices, stands out by offering continuous self-testing and monitoring. This feature simplifies installation and maintenance, making the system cost-effective while ensuring the safety of occupants.

In August 2021, Kohlberg & Company, a private equity firm based in the United States, successfully acquired Myers EPS from Graham Partners in a deal where the financial details were undisclosed. Following this acquisition, Myers EPS, a U.S.-based company specializing in the design and manufacturing of emergency lighting systems, is set to continue operating under the leadership of its existing management team. Notably, Graham Partners will retain a significant ownership stake in Myers EPS as part of the transaction. This acquisition represents a strategic move within the emergency lighting industry and aligns with Kohlberg & Company's investment strategy.

Major companies operating in the emergency lighting market include Acuity Brands Inc., Syska LED Lights Private Limited, Eaton Corporation PLC, Hubbell Incorporated, Legrand Group, OSRAM Licht AG, Signify Holding, Schneider Electric SE, Zumtobel Group AG, Daisalux S.A.U., Emerson Electric Co., Larson Electronics LLC, ABB Group, Acuity Brands Inc., Beghelli S.p.A., Fagerhult AB, Glamox AS, HADLER GmbH, Herbert Waldmann GmbH & Co. KG, iGuzzini illuminazione S.p.A., LIGMAN Lighting Co. Ltd., Lumenpulse Group Inc., NVC Lighting Technology Corporation, Opple Lighting Co. Ltd., PAK Corporation, R. STAHL AG, Raytec Ltd., Safelincs Ltd., SCHRÉDER Group, SITEM S.p.A., Thorlux Lighting, Trilux GmbH & Co. KG, WISKA Hoppmann GmbH

North America was the largest region in the emergency lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the emergency lighting market during the forecast period. The regions covered in the emergency lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the emergency lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The emergency lighting market consists of sales of central power supply systems, damp room trays, LED light strips, twin flood light. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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