Asia Pacific Emergency Lighting Market Size, Share & Industry Trends Analysis Report By Offering (Hardware, Software, and Services), By Power System, By Lighting Type, By Application, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Emergency Lighting Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
A building's emergency lighting is operational 24 hours a day, seven days a week, without the use of the primary power supply. In the event of an emergency, not only does emergency lighting illuminates the exits, but it would also prioritize prominent locations in the building that are utilized on the way to an evacuation. In the event of an emergency, exit emergency lights can also be used to guide residents. An exit light would assist occupants in finding their way to a safe exit.
The decreasing average selling costs of LEDs as well as the growing construction industry are also expected to boost the market growth. Moreover, increased urbanization in various nations, combined with rising people's living standards, is expected to create a significant demand for emergency lighting. It would offer numerous opportunities to various market players across the emergency lighting market.
Housing for All, the Atal Mission for Urban Rejuvenation and Transformation (AMRUT), Power for All, and Make in India, are all expected to stimulate the rise of emergency lighting in the region. Construction is also increasing as a result of rapid urbanization in developing countries like India, China, Japan, and South Korea. Moreover, Australia, Hong Kong, Singapore, the Philippines, Taiwan, Myanmar, Thailand, and Vietnam are among the countries that have invested significant amounts in the infrastructure of their country.
In the emergency lighting sector, light-emitting diodes are increasingly being used to replace fluorescent and incandescent bulbs. In contrast to the customized square waves found in various single conversion inverters, these automated LED fixtures need a real sine wave to function properly. Using a big, three-phase, centralized UPS enables the backup of greater portions of emergency lights while keeping battery and equipment maintenance to a single system. As a result, maintenance time and expense are decreased.
The China market dominated the Asia Pacific Emergency Lighting Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $642.9 million by 2027. The Japan market is anticipated to grow at a CAGR of 5.9% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 7.2% during (2021 - 2027).
Based on Offering, the market is segmented into Hardware, Software, and Services. Based on Power System, the market is segmented into Self-Contained Power System, Central Power System, and Hybrid Power System. Based on Lighting Type, the market is segmented into LED, Fluorescent Lighting, Incandescent, and Others. Based on Application, the market is segmented into Industrial, Commercial, and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zumtobel Group AG, Acuity Brands Lighting, Inc., Emerson Electric Co., Legrand S.A., Signify N.V. (Cooper Lighting, LLC), Koninklijke Philips N.V., AMS AG (OSRAM Licth AG), Schneider Electric SE, Beghelli S.p.A., and Daisalux, S.A.
Scope of the Study
Market Segments Covered in the Report:
By Power System
- Self-Contained Power System
- Central Power System
- Hybrid Power System
By Lighting Type
- Fluorescent Lighting
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Zumtobel Group AG
- Acuity Brands Lighting, Inc.
- Emerson Electric Co.
- Legrand S.A.
- Signify N.V. (Cooper Lighting, LLC)
- Koninklijke Philips N.V.
- AMS AG (OSRAM Licth AG)
- Schneider Electric SE
- Beghelli S.p.A.
- Daisalux, S.A.
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