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EMERGENCY LIGHTING BATTERY MARKET ANALYSIS | CMI

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Title: EMERGENCY LIGHTING BATTERY MARKET ANALYSIS | CMI


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
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.

3
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.

4
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,

5
Figure Global Emergency Lighting Battery Market
Value Share (), by Region, 2026
6
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.

7
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.

8
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com
    /market-insight/emergency-lighting-battery-market-
    1766

9
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

10
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

11
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