The North America Emergency Lighting Market would witness market growth of 6.1% CAGR during the forecast period (2021-2027).
Emergency lighting has a wide variety of applications in various sectors such as residential, commercial, and industrial applications. In addition, numerous people have died in fires as a result of poor visibility in dark or smoky conditions. Consumers are becoming more conscious of the significance of emergency protections as a result of these casualties.
According to a survey by the Federal Emergency Management Agency (FEMA), in 2015, approximately 60% of adults in the United States didn't participate in disaster drills or preparedness practices at work, school, or home. Property managers must ensure that a tried and established evacuation plan is in place, whether it's for a skyscraper with hundreds of people inside or an industrial warehouse with a lot of manufacturing equipment, to reduce fear and direct tenants to safety in an emergency.
In any commercial or industrial construction project, emergency lighting must account for 2% to 3% of total illumination. As a result, emergency lighting makers are faced with the difficulty of balancing usefulness with little impact on a space's design. In addition, due to a number of legal and environmental factors, stricter emergency lighting rules have been imposed. The increasing uncertainty around sudden natural disasters, such as hurricanes, tsunamis, and earthquakes, has prompted the government to focus on improving safety standards.
Additionally, according to Section 9.9.3.14 of the Ontario Fire Code any building that is obliged to have a fire alarm system must also have emergency illumination for exits and access to exits. Also, any room with a capacity of 60 people or more must also have emergency lights. Emergency lighting in buildings that are taller than 18 meters must last more than 2 hours, whereas emergency lighting in structures that are shorter than that must last for at least 30 minutes.
The US market dominated the North America Emergency Lighting Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,963.2 million by 2027. The Canada market is exhibiting a CAGR of 8.5% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 7.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Emergency Lighting Market is Estimated to reach $7.9 Billion by 2027, at a CAGR of 6.3%
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.
By Offering
By Power System
By Lighting Type
By Application
By Country
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