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Emergency Lighting Market Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2027
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Emergency Lighting Market, By Components (Hardware, Software, Services), By Power System (Self-Contained), By Battery Type (Ni-Cd, Lead Acid), By Light Source (Incandescent), By Application (Residential) - Forecast 2027

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Market Research Future (MRFR) projects the global emergency lighting market to reach approximately USD 7 billion at a CAGR of 6% from 2017 to 2023 (forecast period). 

Emergency lighting is described as lighting that turns on automatically when there is no power supply, and all normal illumination fails. Most newly constructed buildings now have emergency lights fitted during construction.

One of the major factors driving market expansion is the falling average selling price of light-emitting diodes. LED has the largest market share in the light source segment, owing to its energy efficiency and extended life cycle. According to the survey, the market for incandescent light sources is shrinking due to their less energy-efficient properties, and they are most commonly utilized in residential buildings.

The dynamic characteristics of lifePO4 batteries, such as lightweight, small volume, high-temperature resistance, and long-life duration, are the primary reasons driving market expansion in the battery segment.

Read more@ https://www.marketresearchfuture.com/reports/emergency-lighting-market-3866

The regional analysis of the global emergency lighting market is being studied for regions such as the Asia Pacific, North America, Europe and the Rest of the World.

The market in North America is being driven by rising demand for emergency lighting in the commercial, residential, and industrial sectors. Throughout the forecast period, the North American region is projected to dominate the emergency lighting market. The Asia Pacific region is expected to grow at the fastest CAGR due to the high adoption of emergency lighting in emerging countries and increased focus on real estate projects, which are driving the market in the region.

Top Key Players

Notable players in the emergency lighting market are- Philips Lighting Holding BV (Netherlands), Schneider Electric SE (France), Hubbell Lighting Inc. (US), Cooper Industries (Ireland), Emerson (US), Legrand SA (France), Acuity Brands (US), Beghelli SpA (Italy), Daisalux (Spain), Zumtobel Group (Austria), among others.

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