Due to technological advancement in Emergency lighting Market, the market of Emergency lighting is growing faster. Strict fire and safety regulations are giving rise to new opportunities for global participants in the emergency lighting market. Incorporating light-emitting diodes (LEDs) in red or green exit signs has been one of the most important technological advancements in emergency lighting. Most exit signs in the Emergency Lighting industry now use this Emergency Lighting technology as it has become cost-competitive when compared to other traditional illumination sources, is long-lived, and is more energy efficient. Emergency lighting is used to automatically provide sufficient lighting for the safe evacuation of people at the time of electricity supply failure. This Emergency Lighting is required in public places like healthcare centers, corporate offices, education institutions, industrial building and other public places so that people can be evacuated safely at the time of emergency.
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Emergency Lighting: Drivers and Challenges
There has also been a recent increase in using self-diagnostic systems in Emergency Lighting applications. These systems can perform a variety of self-diagnostic functions that regularly analyze the unit’s performance, verify its operation and alert the appropriate department of problems. Technological advancements in Emergency Lighting automation systems and deployment of multi-brand strategies will further stimulate the market growth. Another technological trend has been the increased use of nickel metal hydride (NiMH) batteries for both pathway and exit-sign lighting. These NiHM provides batteries with longer life, higher efficiencies and an operating temperature range between 14 and 113 degrees Fahrenheit.
High capital investment and operational cost are the factors restraining the growth of emergency lighting market. Lack of standardization and challenges related to design of emergency lighting are also some of the factors which are influencing the growth in this emergency lighting market.
The major players operating in the emergency lighting market are Philips Lighting Holding B.V. (Netherlands), Hubbell Lighting Inc. (US), Cooper Industries (Ireland), Schneider Electric SE (France), Emerson (US), Legrand S.A. (France), Acuity Brands (U.S.), Beghelli S.p.A. (Italy), Daisalux (Spain), Zumtobel Group (Austria), OSRAM Licht AG (Germany), Digital Lumens (US), Fulham Co. Inc. (US), Arrow Emergency Lighting Limited (Ireland), Arts Energy (France), and Taurac (US).
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On geographic basis,the emergency lighting market in North America held the largest share in 2016 in terms of revenue, and the trend is expected to continue during the forecast periodbecause of high consumer awareness of the benefits of using emergency lights over other substitutes such as UPS in emergency situation.
This post was originally published on Analytics News