Panic & Emergency Escape Device Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview

The "Panic & Emergency Escape Device Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Panic & Emergency Escape Device market is expected to grow annually by 6.2% (CAGR 2024 - 2031).

This entire report is of 151 pages.

Panic & Emergency Escape Device Introduction and its Market Analysis

The Panic & Emergency Escape Device market research report highlights the growing demand for panic and emergency escape devices due to increasing safety concerns in public and commercial buildings. The key players in the market include Allegion, ASSA ABLOY, dormakaba, and others, reflecting a highly competitive landscape. Factors driving revenue growth in the market include stringent safety regulations, technological advancements in product offerings, and increasing investments in smart building solutions. The report recommends companies to focus on product innovation, strategic partnerships, and expanding their presence in emerging markets to capitalize on the growing demand for panic and emergency escape devices.

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The Panic & Emergency Escape Device market is witnessing growth with a variety of products such as Push Pad, Push Bar, Touch Bar, Outside Access Devices, and others. These devices cater to different applications including Commercial Buildings, Residential Buildings, Industrial Buildings, and Government Buildings. With increasing safety regulations, the demand for these devices is on the rise.

Regulatory and legal factors play a crucial role in shaping the market conditions for Panic & Emergency Escape Devices. These devices must comply with specific standards and certifications to ensure their effectiveness during emergencies. Market players need to stay updated with changing regulations and adapt their products accordingly to meet the safety requirements in different building segments.

Overall, the Panic & Emergency Escape Device market is dynamic and evolving, driven by a growing emphasis on safety and security in buildings. Manufacturers and suppliers need to prioritize compliance with regulatory and legal factors to stay competitive in this market.

Top Featured Companies Dominating the Global Panic & Emergency Escape Device Market

The Panic & Emergency Escape Device Market is highly competitive with key players such as Allegion, ASSA ABLOY, Dormakaba, ISEO, SALTO Systems, ANTIPANIC, Fapim SpA, GEZE, Detex Corporation, HEWI, FSB, Surelock McGill, Beacon Commercial Door & Lock, Omec Serrature, Security Door Controls, Dortec, Exidor Limited, Thase Enterprise, Sehgal Doors, and Western Architectural Hardware.

These companies offer a wide range of panic and emergency escape devices such as panic bars, exit devices, emergency push pads, and electronic locking systems. They cater to various sectors such as commercial, residential, and industrial buildings where safety and security are paramount.

Allegion, a leading player in the market, focuses on providing innovative solutions for escape devices that meet safety standards and regulations. ASSA ABLOY, another major player, offers a comprehensive range of exit devices that ensure quick and secure evacuation during emergencies.

Companies like Dormakaba, SALTO Systems, ISEO, and GEZE are known for their advanced technology and user-friendly designs in panic and emergency escape devices. They continuously invest in research and development to introduce new products that meet customer needs and enhance building security.

These companies play a crucial role in growing the Panic & Emergency Escape Device Market by offering reliable, high-quality products that ensure a safe and swift evacuation during emergencies. With increasing awareness about building safety and stringent regulations, the demand for panic and emergency escape devices is expected to rise, further driving market growth.

In terms of sales revenue, Allegion reported revenue of $ billion in 2020, ASSA ABLOY generated revenue of $10.9 billion, and Dormakaba reported revenue of $2.9 billion. These figures highlight the significant market presence and revenue contribution of these leading companies in the Panic & Emergency Escape Device Market.

• Allegion
• ASSA ABLOY
• Dormakaba
• ISEO
• SALTO Systems
• ANTIPANIC
• Fapim SpA
• GEZE
• Detex Corporation
• HEWI
• FSB
• Surelock McGill
• Beacon Commercial Door & Lock
• Omec Serrature
• Security Door Controls
• Dortec
• Exidor Limited
• Thase Enterprise
• Sehgal Doors
• Western Architectural Hardware

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Panic & Emergency Escape Device Market Analysis, by Type:

• Push Pad
• Push Bar
• Touch Bar
• Outside Access Devices
• Others

Push Pad, Push Bar, Touch Bar, Outside Access Devices, and others are types of Panic & Emergency Escape Devices that provide quick and easy exit in case of emergencies. Push Pad allows a person to simply push a pad to release the door latch, while Push Bar requires pushing a horizontal bar. Touch Bar requires a light touch for door release, and Outside Access Devices allow doors to be opened from the exterior. These devices boost the demand for Panic & Emergency Escape Device market as they provide convenience, safety, and compliance with building regulations, making them essential for public buildings and workplaces.

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Panic & Emergency Escape Device Market Analysis, by Application:

• Commercial Buildings
• Residential Building
• Industrial Building
• Government Building

Panic & Emergency Escape Devices are crucial for ensuring the safety of occupants in various building types. In commercial buildings, such devices are used to facilitate quick evacuation during emergencies, such as fires or threats. In residential buildings, they provide a means of escape in case of accidents or intrusions. In industrial settings, Panic & Emergency Escape Devices are essential for ensuring worker safety during emergencies. In government buildings, these devices are used to quickly evacuate officials and citizens during critical situations. The fastest growing application segment in terms of revenue is commercial buildings, as the importance of safety and security continues to increase in this sector.

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Panic & Emergency Escape Device Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Panic & Emergency Escape Device market is experiencing significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In North America, the United States and Canada are expected to dominate the market with a market share of around 30%. In Europe, countries like Germany, France, the ., and Italy are expected to have a market share of 25%. In Asia-Pacific, China, Japan, South Korea, and India are projected to have a market share of 20%. Latin America, including Mexico, Brazil, Argentina, and Colombia, is expected to have a market share of 15%, while Middle East & Africa, including Turkey, Saudi Arabia, UAE, and Korea, is projected to have a market share of 10%.

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