Emergency Lighting Battery Market, by Battery Type (NiCd battery, NiMH battery, Li-ion battery, and Lead-acid battery), by Lighting Source (LED, Incandescent, and Others), by Application (Residential, Commercial, and Industrial), and by Region - Size, Share, Trends, and Forecast to 2026
- Report code : CMI221766 |
- Industry :
Semiconductors
- Published On : Jun 2018 |
- Pages : 250 Pages |
- Format :
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Emergency Lighting Battery Market
Emergency lights are battery operated lighting devices that can automatically light emergency exit signs during power outage, in order to maintain continuous operation of the emergency light such as emergency escape lighting and standby lighting among others, to enable all occupants to evacuate the premises safely during an emergency situation. The key features of emergency lights includes low maintenance costs where only the periodic test and general cleaning are required along with low hardware equipment costs, which does not require extended wiring and special ventilation.
Increasing number of construction activities is driving global emergency lighting battery market growth
Increasing initiatives for development of smart city and connected infrastructure by various governments has resulted in adoption of advanced lighting technologies such as LED lights in buildings. For instance, according to a white paper by Technology that was sponsored by United Parcel Services and Consumer Technology Association, globally smart city initiatives increased to over 235 in 2016, which is increase of over 38% in comparison to 2013. Increasing number of infrastructural activities is expected to create a conducive environment for growth of the emergency lighting market through 2026, as emergency lights enables all emergency and exit lighting required for commercial, retail, industrial, or office building, even during power outage. Emergency lights are used for assisting people to exit buildings during fire or natural disasters.
Lack of awareness is one of the key factors restraining growth of the market
The key factor restraining market growth is limited awareness regarding emergency lighting systems in emerging economies such as India. In emerging economies, consumers are more inclined towards adopting cost effective alternatives as emergency lights such as portable emergency lights and UPS, where the maintenance cost is relatively low and therefore it is preferred,
Figure: Global Emergency Lighting Battery Market Value Share (%), by Region, 2026
SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018
Asia Pacific emergency lighting battery market is expected to witness highest CAGR over forecast period from 2018 to 2026
The emergency lighting battery market for Asia-Pacific is forecasted to hold 21.9% share in the global market by 2026. The growth in this region is attributed to increasing population, which is propelling demand for construction projects in this region. According to Worldometers, the population of Asia was 4,542 million as of June 8, 2018, which is equivalent to 59.66% of the total world population. India and China are densely populated countries in this region. For instance, as of June 8, 2018, the population of India was 1,353 million which increased from 1,339 million estimated by the end of 2017. India marked second position in the list of countries by population, worldwide. Hence, increasing population and increasing purchasing power are expected to drive growth of construction and real estate sector. According to India Brand Equity Foundation (IBEF), the Indian real estate market is expected to reach US$ 180 billion by 2020. Housing sector is expected to contribute around 11% to India’s GDP by 2020. Hence, the economic expansion of India is expected to boost growth of residential, commercial, and industrial sector. For instance, in 2015, 100 smart city mission was launched by Government of India to develop 100 smart cities across the country. Therefore, rising population and increasing construction industry projects will proportionally increase emergency lighting batteries demand in this region.
Key companies
Major players operating in the global emergency lighting battery market include Philips Lighting Holding B.V., Hubbell Lighting, Inc., Cooper Industries, Schneider Electric SE, Emerson, Legrand S.A., Acuity Brands, Beghelli S. P. A., Daisalux, Zumtobel Group, and Osram Licht AG.
Emergency lighting is a battery operated lighting system that turns on automatically for the duration of power outage and give illumination of a sufficiently high level in order to enable the means of escape that can be effectively identified and safely used by occupants of the building. Emergency lights consists of one or more incandescent bulbs or one or more clusters of high-intensity light-emitting diodes (LED). These emergency lights are of two types; maintained and sustained. Maintained luminaires are permanently illuminated, and remain illuminated when power fails. Sustained luminaires turn on automatically when the power fails.
Market Dynamics
Increasing adoption of safety regulations by governments is expected to create conducive environment for growth of the global emergency lighting market, as new buildings are required to be equipped with emergency lights as per the new standards. For instance, National Fire Protection Association (NFPA), code number 101 sets standard facility requirements for protecting people from smoke, fires, and noxious fumes. Moreover, NFPA 110 and NFPA 111 set standards for the backup power supply needed for electrical failures from fires and other catastrophes. These factors are expected to further accelerate growth of emergency lighting batteries market.
However, initial cost of emergency lighting products is one of the major factor hindering the global market growth, as the price for LED lights per lumen is more expensive than conventional lights. Moreover, LED light’s performance largely depends on correctly engineering the fixture to manage the heat generated by the LED, which causes deterioration of the LED chip itself. LED lights may cause overheating, which is eventually leads to device failure. Hence, to maintain life of LED lights as well as the device, an additional heat-sink is required. Therefore, consumers need to spend extra along with lighting cost and battery cost, which is making these emergency lights expensive, in turn negatively affecting growth of the market.
Key features of the study:
- This report provides in-depth analysis of emergency lighting battery market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global emergency lighting battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, emergency lighting battery market capital, key developments, strategies, and future plans
- Companies covered as part of this study include Philips Lighting Holding B.V., Hubbell Lighting, Inc., Cooper Industries, Schneider Electric SE, Emerson, Legrand S.A., Acuity Brands, Beghelli S. P. A., Daisalux, Zumtobel Group, and Osram Licht AG.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global emergency lighting battery market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global emergency lighting battery market
Detailed Segmentation:
- Global Emergency Lighting Battery Market, By Battery Type:
- NiCd battery
- NiMH battery
- Li-ion battery
- Lead-acid battery
- Global Emergency Lighting Battery Market, By Lighting Source:
- LED
- Incandescent
- Others
- Global Emergency Lighting Battery Market, By Application:
- Residential
- Commercial
- Industrial
- Global Emergency Lighting Battery Market, By Geography:
- North America
- By Battery Type
- By Lighting Source
- By Application
- By Country:
- U.S.
- Canada
- Europe
- By Battery Type
- By Lighting Source
- By Application
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Battery Type
- By Lighting Source
- By Application
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Battery Type
- By Lighting Source
- By Application
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Battery Type
- By Lighting Source
- By Application
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Battery Type
- By Lighting Source
- By Application
- By Country:
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- Philips Lighting Holding B.V. *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Hubbell Lighting, Inc.
- Cooper Industries
- Schneider Electric SE
- Emerson, Legrand S.A.
- Acuity Brands
- Beghelli S. P. A.
- Daisalux
- Zumtobel Group
- Osram Licht AG.
- Philips Lighting Holding B.V. *
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Battery Type
- Market Snippet, By Lighting Source
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- Global Emergency Lighting Battery Market, By Battery Type, 2016–2026 (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- NiCd battery
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- NiMH battery
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Li-ion battery
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Lead-acid battery
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Global Emergency Lighting Battery Market, By Lighting Source, 2016–2026 (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- LED
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Incandescent
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Global Emergency Lighting Battery Market, By Application, 2016–2026 (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Residential
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Commercial
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Industrial
- Introduction
- Market Size and Forecast, 2016–2025, (US$ Million)
- Global Emergency Lighting Battery Market, By Regions, 2016–2025 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Battery Type, 2016–2025 (US$ Million)
- Market Size and Forecast, By Lighting Source, 2016–2025 (US$ Million)
- Market Size and Forecast, By Application, 2016–2025 (US$ Million)
- Market Share Analysis, By Country, 2016 and 2025 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Battery Type, 2016–2025 (US$ Million)
- Market Size and Forecast, By Lighting Source, 2016–2025 (US$ Million)
- Market Size and Forecast, By Application, 2016–2025 (US$ Million)
- Market Share Analysis, By Country, 2016 and 2025 (%)
- UK
- Germany
- Italy
- France
- Russia
- Others
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Battery Type, 2016–2025 (US$ Million)
- Market Size and Forecast, By Lighting Source, 2016–2025 (US$ Million)
- Market Size and Forecast, By Application, 2016–2025 (US$ Million)
- Market Share Analysis, By Country, 2016 and 2025 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Others
- Latin America
- Regional Trends
- Market Size and Forecast, By Battery Type, 2016–2025 (US$ Million)
- Market Size and Forecast, By Lighting Source, 2016–2025 (US$ Million)
- Market Size and Forecast, By Application, 2016–2025 (US$ Million)
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Brazil
- Argentina
- Mexico
- Others
- Middle East
- Regional Trends
- Market Size and Forecast, By Battery Type, 2016–2025 (US$ Million)
- Market Size and Forecast, By Lighting Source, 2016–2025 (US$ Million)
- Market Size and Forecast, By Application, 2016–2025 (US$ Million)
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Northern Africa
- Central Africa
- South Africa
- Africa
- Regional Trends
- Market Size and Forecast, By Battery Type, 2016–2025 (US$ Million)
- Market Size and Forecast, By Lighting Source, 2016–2025 (US$ Million)
- Market Size and Forecast, By Application, 2016–2025 (US$ Million)
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Northern Africa
- Central Africa
- South Africa
- Competitive Landscape
- Company Profiles
- Philips Lighting Holding B.V.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hubbell Lighting, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cooper Industries
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Schneider Electric SE
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Emerson, Legrand S.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Acuity Brands
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Beghelli S. P. A.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Daisalux
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Zumtobel Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Osram Licht AG.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Emergency Lighting Battery Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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