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Global Emergency Lighting Market : Stringent Fire and Safety Legal Obligations and Advancements in Lighting Automation Technology Will Drive Global Demand

  • March 2015
  • -
  • Frost & Sullivan
  • -
  • 136 pages

Summary

Table of Contents

Key Findings

•The global emergency lighting market earned a revenue of $ x million in 2013 at a growth rate of x % from 2012 and is expected to reach $ x million in 2018 growing at a compound annual growth rate (CAGR) of x %.
•Key drivers such as stringent fire and safety regulations, progress in the construction sector, technological advancements in the lighting industry, multi-brand strategies from suppliers, and improving consumer awareness are expected to enhance business opportunities for the growth of emergency lighting markets globally.
•Price, product attributes (performancereliability, durability, aesthetics, and design), brand image, customer support and services, and distributor relationships are the key competitive factors that companies need to focus on to enlarge their customer base and secure repeat business across the globe.
•Emergency lighting is a technology-driven market where emerging technologies such as LED and DALI lighting control systems are expected to solve some end-user challenges, thereby bringing about more business opportunities in new territories where growth potential is high.
•Centrally supplied emergency lighting systems hold the highest market share in terms of revenue, and self-sustained systems hold the maximum market share in terms of unit shipments. In addition to this, the demand for centrally supplied systems is expected to improve in Asia-Pacific and the Middle East in the next x years.
•Emergency lighting is a largely established market in North America and Europe, and one with high growth potential in Asia-Pacific, Africa, the Middle East, and parts of Latin America.

CEO’s Perspective

This is a regulation-driven market. Regional and national obligations to ensure the safety of building occupants through fire and safety standards hold the key to future growth.
The resurgence of non-residential construction sector growth across the globe is expected to make the emergency lighting market highly dynamic in the next x years.
Technological advancements in lighting automation systems are set to improve the price–performance value of emergency lighting systems.
Multi-brand strategy business models are expected to radiate among Tier-1 and Tier-2 participants, to enable end-to-end coverage of the global emergency lighting market.
India, China, Saudi Arabia, Qatar, Chile, Peru, Colombia, Nigeria, Namibia, and Australia are being considered new territories of business expansion for Tier-1 and Tier-2 participants.

Market Definitions

The scope of this study includes emergency lamps, luminaires, and emergency lighting accessories such as monitoring systems, sensing modules, power packs, and lighting test switches. As the accessories are part of both, centrally supplied and self-contained emergency lighting systems, they are included in the study. The emergency lighting systems included in the scope of the study are as illustrated.

Revenue
Market revenue is measured in terms of manufacturer’s earnings from regional demand for lamps, luminaires, battery packs, power supplies, and all associated accessories. This study excludes the revenue generated by installation, commissioning, and value added services from distributors and value-added re-sellers (VARs).

Unit Shipment
Unit shipment includes domestically manufactured and consumed emergency lighting products as well as imported emergency lighting products in a region. The emergency lighting system—comprising of lamps, luminaires, power supplies, and accessories—is considered as a single unit.

Pricing Definition
The product pricing is taken at the manufacturer’s end (factory gate) and includes the prices of lamps, luminaires, power supplies, and associated accessories only.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
Are the existing competitors structured correctly to meet customer needs?
How dynamic is the market? Are there acquisitions? Will there be new entrants from related industries, and, if so, which industries are likely to enter this domain?
What are the emerging technologies affecting the growth of the emergency lighting market?
Which countries have the potential to grow in the next 5 years, and what are the regional trends in each country?
What are the different sales distribution channels present in the market? Are they likely to change in the future?

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