January 08, 2021
According to the latest research report titled ‘Global Emergency Lighting Market Analysis, 2020’, available with Market Study Report LLC, global emergency lighting market is anticipated to record a y-o-y growth rate of 7% over 2020-2025.
Numerous construction projects owing to booming population, alongside flourishing tourism sector are impelling the growth of global emergency lighting market. Strict government compliances mandating installation of emergency lights across commercial establishments, in tandem with increasing number of operation facilities are propelling the market remuneration.
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It is to be noted that the report provides through insights pertaining to the latest developments and trends in the business sphere. While growth catalysts are explained elaborately, challenges and restraints also find mention in the report, which in turn enables the industry stakeholders to take informed decisions about the investments.
Moreover, the study document various segments of the global emergency lighting market landscape and provides information pertaining to industry share help by each segment, and factors influencing their revenue contribution.
As per product type, worldwide emergency lighting industry is divided into centrally supplied system, and self-sustained system. Speaking of application scope, the market is segmented into escape route (signage, anti-panic), and stand-by.
Moving on to end-user gamut, global emergency lighting market is classified into healthcare, hospitality, retail, offices, industrial, and others. Various distribution channels which are define demand & supply chain of the market include direct sales, electrical distributors, construction companies, and electrical contractor.
From the regional frame of reference, North America led the global emergency lighting market share in 2019, owing constant advancements in the field, leading widespread product applications. Meanwhile, Middle East market is slated to grow modestly over the analysis timeframe, driven by rising construction activities due emerging hospitality & tourism sector in the region.
Well-established industry partakers profiled in global emergency lighting market report are RZB (Rudolf Zimmermann of Bamberg GmbH), Zemper, Daisalux SA, Signify N.V., Hubbell Lighting Inc., Beghelli USA Inc., Zumtobel Group, ABB, Eaton Corp., and Acuity Brands Inc.