Emergency Lighting Market worth 6.68 Billion USD by 2022

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MarketsandMarkets Presents
Emergency Lighting Market worth 6.68 Billion USD
by 2022 The emergency lighting market is
expected to reach USD 6.68 Billion by 2022, at a
CAGR of 7.83 between 2017 and 2022. The demand
for emergency lighting is increasing because of
several factors such as technological
advancements taking place in the lighting
industry, declining average selling price of
LEDs, and increased infrastructure growth in
various developing countries such as India,
China, and South Korea.
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Market for LiFePO4 battery in emergency lighting
expected to grow at the highest rate during the
forecast period LiFePO4 stands for lithium-iron
phosphate battery. It is a kind of lithium-ion
battery which has long life, high temperature
resistance and have small volume and light
weight. LiFeP04 is becoming the preferred choice
for emergency lighting not only because the
batteries are physically smaller but also they
draw far less power when they are charging.
LiFeP04 can also last twice as long as
traditional emergency lighting batteries such as
nickel cadmium or nickel metal hydride.
Therefore, they are largely deployed for
emergency lighting systems. Emergency lighting
market for LED light source expected to grow at
the highest rate between 2017 and 2022 LEDs are
energy-efficient and their price has been
declining since the last few years. Therefore,
they are largely used for emergency lighting
systems. The market for incandescent light is
declining because these are often considered as
the least energy-efficient type of lighting
commonly found in residential buildings. The
old-generation light sources are being slowly
phased out and LEDs are preferred as they offer a
longer working life and also consume less
energy. Download PDF Brochure
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Emergency lighting market in APAC expected to
grow at the highest rate during the forecast
period The emergency lighting market is rapidly
expanding in APAC. The focus on real estate
projects where lighting is a basic requisite is a
major driver for the growth of this market. The
countries such as India and China within Asia
Pacific are still seeing rapid urbanization.
Hence, the overall growth and demand for
infrastructure is higher compared to Europe and
North America. Report Details
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mergency-lighting-market-3345887.html
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