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The global LED Emergency Lighting Market is forecasted to be worth USD 4.23 Billion by 2027, according to a current analysis by Emergen Research.
Due to the growing convergence of emergency lighting with aesthetic lighting, the LED emergency lighting market is expected to expand rapidly. In the forecast timeframe, the rising demand for effective emergency lightning is expected to further fuel market growth. LED costs have decreased tremendously and thus increase demand in different fields of application, like commercial and residential buildings. The increasing demand for LEDs and energy efficiency has driven the manufacturers of lighting goods to expand their LED portfolios.
The high cost of emergency lighting solutions installations is likely to impede market growth over the forecast timeframe.
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The global LED Emergency Lighting market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the LED Emergency Lighting market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the LED Emergency Lighting market.
Emergen Research has segmented the global LED Emergency Lighting Market on the basis of technology, power source, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
Power Source Outlook (Revenue, USD Billion; 2017-2027)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
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The report also studies the key companies of the LED Emergency Lighting market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
ams AG, NVC Lighting Ltd., Acuity Brands, Inc., IOTA Engineering, L.L.C., Koninklijke Philips N.V., Osram Licht AG, Legrand S.A., Digital Lumens, Inc., Hubbell Incorporated, and Fulham Co., Inc., among others.
Key Findings in the Report:
In August 2020, Koninklijke Philips N.V. acquired Intact Vascular, Inc. Philips will extend its range of image-oriented medical devices by acquiring Intact Vascular. With the Tack Endovascular System, a much-needed device that successfully enhances blood circulation in the vessels of limb, enables healing, and protects limbs; the deal will broaden its product line of treatments for peripheral arteries with minimally invasive impacts.
Due to benefits such as excellent heat dissipation, smaller size, greater lumen performance, less lumen depreciation, prolonged lifespan, the Surface Mount segment is anticipated to lead the market with a CAGR of 6.9% over the forecast period.
During the forecast period, the rechargeable segment will be the largest market due to improved lifetime and durability.
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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Answered in the Report:
What will be the estimated growth rate of the LED Emergency Lighting market by 2027?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the LED Emergency Lighting market throughout the forecast period?
What are the current and future market trends of the LED Emergency Lighting market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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The post LED Emergency Lighting Market Growing at a CAGR 6.7 % | Key Player – NVC Lighting Ltd., Acuity Brands appeared first on Market O Graphics.
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