The global emergency lighting market size is estimated to reach $7.9 billion by 2023, growing at CAGR of 7.9% by 2023. The growth in demand for emergency lighting is anticipated due to the growing government support, rising uncertainties in terms of sudden natural calamities and growing technological advancement.

Request for a free sample copy of this research report @ https://www.psmarketresearch.com/market-analysis/emergency-lighting-market/report-sample

In terms of light source, the emergency lighting market is categorized into fluorescent, LED, incandescent, Induction and others including high intensity discharge, cold cathode, halogen lamps. Fluorescent lighting garnered the largest revenue in the market, while the adoption rate of LED category of emergency lighting is expected to be the highest, during the forecast period. In terms of battery type, the emergency lighting market is segmented into Ni-Cd, Ni-MH, LiFePO4 and lead-acid. Ni-Cd based emergency lighting had been the largest contributor to the market; however, due to longer life-span and low cost as compared to other categories, the market for LeFePO4 battery based emergency lighting is expected to grow at fastest rate, during the forecast period.

Government of various countries are focusing towards building world class infrastructure to attract investors in their respective countries. Many developed and developing nations have announced to develop smart cities, which would drive the demand of emergency lighting.

The Asia-Pacific market for emergency lighting is expected to reach $1.5 billion by 2023, growing at a CAGR of 10.1% between 2017-2023. Among the various nations in the Asia-Pacific region, China being a major manufacturer and distributor of lighting systems, generated largest revenue in the Asia-Pacific emergency lighting market, among the countries in the region. However, with the emerging intelligent lighting technologies, smart lighting solutions, and rapid advancement in emergency lighting systems, the market is expected to witness fastest growth in India, during the forecast period.

Explore report description @ https://www.psmarketresearch.com/market-analysis/emergency-lighting-market

Some of the major players in the emergency lighting market include Osram Licht AG, Hubbell Incorporated, Eaton Corporation Plc, Philips Lighting, Syska LED, Daisalux, S.A.U., Zumtobel Group, Acuity Brands,Inc, Schneider Electric SE and Legrand SA.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

P&S Intelligence

Toll-free: +1-888-778-7886 (USA/Canada)

International: +1-347-960-6455

Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com