Technavio
Announces the Publication of its Research Report Global Emergency Lights Market
2016-2020
Technavio recognizes the following companies as the key players in the global emergency lights market: ABB, Acuity Brands, Beghelli, Daisalux, Legrand, R. STAHL, and WISKA.
Other prominent vendors in the market are: Airfal, Big Beam Emergency Systems, Clevertronics, Emergency Lighting Products, Ektor, Fulham, Havells Sylvania, Illuminex, Linergy, Mule Lighting, NVC Lighting, Osram, Ventilux, Teknoware, Thorlux lighting, and Zumtobel.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is inclination toward design-driven emergency lights. Manufacturers and lighting designers are now emphasizing on the aesthetics of emergency lights. It plays an important role, especially in places like hotels, architectural buildings, and houses. Customers are concerned about the positions and appearance of emergency lights. Vendors are introducing aesthetically appealing emergency lights without compromising safety. Manufacturers also offer customized products for customers and government agencies to develop emergency lights according to their requirements.”
According to the report, one of the primary drivers in the market is increasing safety regulations. Since the majority of daily activities of the population depends on the availability of electricity, any fluctuation in power will directly result in loss of money and time.. Increasing safety regulations by governments across the world have driven the growth of the global emergency lights market as most new buildings are required to install emergency lights. Construction companies follow the rules set up by the local or regional authorities by installing emergency lights at the time of construction.
Further, the report
states that one major challenge in the market is low awareness in developing
countries. In developing countries like India, consumers opt for cost-effective
alternatives to emergency lights such as portable emergency lights or UPS.
However, emergency lights offer better advantages in the event of fires, UPS
failure, or natural disasters. There is a need to raise awareness about the
benefits of emergency lights over other solutions in developing countries. The
awareness about the need to do regular maintenance of emergency lights to
ensure proper functioning is also low in most developing countries. To overcome
this challenge, an increasing number of manufacturers are focusing on creating
awareness about the use of the right kind of emergency lights for specific
purposes.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Emergency Lights
Emergency lights are used to safely evacuate people from hazardous situations and provide sufficient light to continue tasks in case of power failure. Emergency lights are classified into two categories: escape lighting and standby lighting. Emergency lights are essential in public places so that people can be evacuated safely at times of emergency without panic. So, clear and visible sign boards in prescribed size and color are positioned at exits. Commercial buildings, theaters, educational institutions, residential buildings, healthcare centers, industrial buildings, and manufacturing plants are required to be equipped with emergency lights.
Technavio’s analysts forecast the global emergency lights market to grow at a CAGR of 7.79% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global emergency lights market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of emergency lights by manufacturers.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Emergency Lights Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ABB
• Acuity Brands
• Beghelli
• Daisalux
• Legrand
• R. STAHL
• WISKA
Other prominent vendors
• Airfal
• Big Beam Emergency Systems
• Clevertronics
• Emergency Lighting Products
• Ektor
• Fulham
• Havells Sylvania
• Illuminex
• Linergy
• Mule Lighting
• NVC Lighting
• Osram
• Ventilux
• Teknoware
• Thorlux lighting
• Zumtobel
Market driver
• Strong growth in construction industry.
• For a full, detailed list, view our report
Market challenge
• Inadequate testing of emergency lighting installations.
• For a full, detailed list, view our report
Market trend
• Inclination toward design-driven emergency lights.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Emergency lights are used to safely evacuate people from hazardous situations and provide sufficient light to continue tasks in case of power failure. Emergency lights are classified into two categories: escape lighting and standby lighting. Emergency lights are essential in public places so that people can be evacuated safely at times of emergency without panic. So, clear and visible sign boards in prescribed size and color are positioned at exits. Commercial buildings, theaters, educational institutions, residential buildings, healthcare centers, industrial buildings, and manufacturing plants are required to be equipped with emergency lights.
Technavio’s analysts forecast the global emergency lights market to grow at a CAGR of 7.79% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global emergency lights market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of emergency lights by manufacturers.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Emergency Lights Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ABB
• Acuity Brands
• Beghelli
• Daisalux
• Legrand
• R. STAHL
• WISKA
Other prominent vendors
• Airfal
• Big Beam Emergency Systems
• Clevertronics
• Emergency Lighting Products
• Ektor
• Fulham
• Havells Sylvania
• Illuminex
• Linergy
• Mule Lighting
• NVC Lighting
• Osram
• Ventilux
• Teknoware
• Thorlux lighting
• Zumtobel
Market driver
• Strong growth in construction industry.
• For a full, detailed list, view our report
Market challenge
• Inadequate testing of emergency lighting installations.
• For a full, detailed list, view our report
Market trend
• Inclination toward design-driven emergency lights.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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