News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, June 24, 2017 ) The report "Emergency Lighting Market by Power System (Self-Contained, Central, and Hybrid), Battery Type (Ni-Cd, Ni-MH, LiFePO4, and Lead-Acid), Light Source (Fluorescent, LED, Incandescent, Induction), Offering, Application, and Geography - Global Forecast to 2022", The emergency lighting market is expected to be valued at USD 6.68 Billion by 2022, growing at a CAGR of 7.83% between 2017 and 2022. The growth of this market is driven by the combination of emergency lighting with esthetic lighting, booming construction industry globally and the continuous advancements in the upcoming products.
Early buyers will receive 10% customization on this report.
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.
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.
Some of the major players operating in the emergency lighting market are Philips Lighting Holding B.V. (Netherlands), Hubbell Lighting Inc. (US), Cooper Industries (Ireland), Schneider Electric SE (France), Emerson (US), Legrand S.A. (France), Acuity Brands (U.S.), Beghelli S.p.A. (Italy), Daisalux (Spain), Zumtobel Group (Austria), OSRAM Licht AG (Germany), Digital Lumens (US), Fulham Co. Inc. (US), Arrow Emergency Lighting Limited (Ireland), Arts Energy (France), and Taurac (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
