DUBLIN--(BUSINESS WIRE)--May 15, 2019--

The growth in the APAC emergency lighting market can be ascribed to the increasing adoption of energy-efficient light emitting diode (LED) lights across the region, according to this research. The market is predicted to reach $2.1 billion by 2024, progressing at a CAGR of 10.1% during the forecast period (2019-2024).

On the basis of power system, the emergency lighting market in APAC is divided into hybrid, central, and self-contained. Out of these, during 2019-2024, the central power system division is anticipated to register the fastest growth in the market in terms of revenue. This is mainly due to the longer battery life and easy battery swapping in central power systems as compare to self-contained systems.

Now, based on light source, the APAC emergency lighting market is categorized into incandescent, fluorescent, LED, induction, and others, where the others' category includes cold cathode, high intensity discharge (HID), and halogen lamps. Among these, in 2018, the LED light category held the largest revenue share in the market, and during the forecast period, it is predicted to register the fastest CAGR. This is ascribed to the rising number of government initiatives to encourage people to adopt LED lights, particularly in Japan, India, and Philippines. For instance, in 2015, the government of India initiated the national LED program, UJALA, to increase the usage of LEDs for street and home lighting.

Further, the rising spending on the infrastructure sector in India and China is strengthening the Asia-Pacific emergency lighting market. In China, there are various infrastructural projects that are ongoing, with the majority in the transportation sector. For instance, in October 2017, China inaugurated the world's longest sea bridge joining China to Macau and Hong Kong, which cost nearly $20 billion.

Earlier, in 2015, the Indian government launched the Smart Cities Mission to build 100 cities with all modern facilities. Furthermore, in 2017, India hosted the FIFA U-17 World Cup, which fueled the demand for infrastructure in the country. Moreover, sports events, such as Winter Olympics, ICC Cricket World Cup, Asian Games, Summer Olympics, and Hockey World Cup will be organized in the APAC region in the coming years. This has already begun driving the growth of the Asia-Pacific emergency lighting market.

Moderate competition characterizes the market for emergency lighting in the region. Companies such as Syska LED Lights Pvt. Ltd. and Larson Electronics LLC. have been considered the frontrunners in strategic developments. These companies are majorly participating in the improvement of their product portfolios and expansion of their businesses in the region. Some of the other APAC emergency lighting market players are Beghelli S.p.A, PNE Industries Ltd., Osram Licht AG, Zumtobel Group AG, Kejie Electronic Co. Ltd., Schneider Electric SE, and Eaton Corporation plc.

Market Dynamics

Trends

  • Rising inclination toward LEDs
  • Increasing adoption in aviation sector

Drivers

  • Growing number of construction projects
  • Technological advancements in lighting industry

Restraints

  • High capital investment and maintenance cost

Opportunities

  • Growing adoption of better safety standards

Key Topics Covered

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Power System

1.3.2 Market Segmentation by Battery Type

1.3.3 Market Segmentation by Light Source

1.3.4 Market Segmentation by Offering

1.3.5 Market Segmentation by Application

1.3.6 Market Segmentation by Geography

1.3.7 Analysis Period

1.3.8 Market Data Reporting Unit

1.3.8.1 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Power System

4.1.1.1 Self-contained

4.1.1.2 Central

4.1.1.3 Hybrid

4.1.2 By Battery Type

4.1.2.1 Ni-Cd

4.1.2.2 Ni-MH

4.1.2.3 Li-ion

4.1.2.4 Lead-acid

4.1.3 By Light Source

4.1.3.1 Fluorescent

4.1.3.2 LED

4.1.3.3 Incandescent

4.1.3.4 Induction

4.1.3.5 Others

4.1.4 By Offering

4.1.4.1 Hardware

4.1.4.2 Software

4.1.4.3 Services

4.1.5 By Application

4.1.5.1 Industrial

4.1.5.2 Commercial

4.1.5.3 Residential

4.1.5.4 Others

4.2 Value Chain Analysis

4.2.1 Raw Material Providers

4.2.2 Component Manufacturing & Testing

4.2.3 System Integrators

4.2.4 Distribution Channel

4.2.5 End-User

4.3 Market Dynamics

4.4 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast

5.1 By Power System

5.2 By Battery Type

5.3 By Light Source

5.4 By Offering

5.5 By Application

5.6 By Region

Chapter 6. North America Market Size and Forecast

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. LATAM Market Size and Forecast

Chapter 10. MEA Market Size and Forecast

Chapter 11. Competitive Landscape

11.1 List of Key Players

11.2 Product Benchmarking of Key Players

11.3 Recent Activities of Major Players

11.4 Global Strategic Developments of Key Players

11.4.1 Mergers and Acquisitions

11.4.2 Product Launches

11.4.3 Other Developments

Chapter 12. Company Profiles

12.1 Osram Licht AG

12.1.1 Business Overview

12.1.2 Product and Service Offerings

12.1.3 Key Financial Summary

12.2 Hubbell Incorporated

12.3 Eaton Corporation PLC

12.4 Signify Holding

12.5 Syska LED Lights Pvt. Ltd.

12.6 Zumtobel Group AG

12.7 Acuity Brand Inc.

12.8 Schneider Electric SE

12.9 Legrand S.A.

12.10 Daisalux S.A.U.

12.11 North America-Based Player

For more information about this report visit https://www.researchandmarkets.com/r/ih29gc

Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Lighting Equipment,Battery Technology

KEYWORD: ASIA PACIFIC

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/15/2019 10:02 AM/DISC: 05/15/2019 10:02 AM

Copyright Business Wire 2019.

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

PLEASE BE ADVISED: Soon we will no longer integrate with Facebook for story comments. The commenting option is not going away, however, readers will need to register for a FREE site account to continue sharing their thoughts and feedback on stories. If you already have an account (i.e. current subscribers, posting in obituary guestbooks, for submitting community events), you may use that login, otherwise, you will be prompted to create a new account.

Load comments