Emergency Lighting Market Size & Share, Trends, Growth,
Statistics Report - 2032

The global emergency lighting market was valued at USD 7.5
billion in 2023 while projections indicate a growth rate of over 10% CAGR from
2024 to 2032. This surge is largely attributed to heightened awareness
regarding safety and emergency preparedness across both public and private
sectors.

With an increasing emphasis on safety, there is a pronounced
demand for dependable emergency lighting systems as they play a crucial role in
guiding occupants during power outages or emergencies, propelling the market
growth. For example, in October 2023, Polaris unveiled its latest extreme
off-road Emergency Light Kit tailored for the GENERAL XP 1000. This vehicle
seamlessly merges the RZR's high-performance traits with the RANGER's
dependable utility. The cutting-edge kit boasts both Infrared (IR) and Blackout
lighting features, ensuring the GENERAL XP 1000 is primed for any demanding
scenario.

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Another key trend in the emergency lighting market is the
rapid adoption of LED systems. LEDs outshine traditional lighting in energy
efficiency, lifespan, and reliability. With energy efficiency taking center
stage for businesses and governments alike, the momentum towards LED emergency
lighting is gaining speed.

The overall industry is divided into power source, mode of
operation, light source, application, and region.

Emergency lighting market segmentation by light source
includes LED, fluorescent, incandescent, and others. Notably, the LED segment
is projected to witness a CAGR exceeding 12% during the forecast period. LED
technology is swiftly establishing itself as the benchmark in the emergency
lighting domain, thanks to its unmatched energy efficiency, durability, and
dependability. These systems guarantee bright, consistent lighting during
outages or emergencies whilst prioritizing visibility and safety.

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By mode of operation, the market splits into maintained and
non-maintained segments. The maintained segment is set to dominate, with
projections estimating revenues surpassing USD 9.5 billion by 2032. Maintained
systems are engineered for continuous operation, ensuring illumination during
both regular and emergency scenarios. They are also predominantly installed in
critical areas like corridors, stairwells, and exit routes of commercial and
public edifices.

North America led the global emergency lighting market,
securing over 35% share in 2023. The region's strong construction industry and
stringent safety regulations underpin its dominance. The U.S. plays a pivotal
role, with both new constructions and upgrades to meet rigorous safety
standards driving the market. Furthermore, North America's commitment to energy
efficiency and sustainability has spurred a high adoption rate of LED emergency
lighting solutions.

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