global emergency lighting market, forecast to 2025 preview

Global Emergency Lighting Market, Forecast to 2025 High Regulatory Compliance and Intelligent Lighting Technologies Will Drive the

Emergency Lighting Market by 2025

Global Energy & Environment Research Team at Frost & Sullivan

ME5B-19

May 2019

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11 ME5B-19

Market

Concentration

Market Engineering Measurements

Market Overview

For a tabular version, click here.

Compound Annual

Growth Rate

(CAGR, 2018–2025)

Market Stage Market Revenue

(2018)

Market Size for Last

Year of Study

Period

(2025)

Customer Price

Sensitivity

(scale:1 [low] to 10 [high])

Degree of Technical

Change

(scale:1 [low] to 10 [high])

Base Year Market

Growth Rate

(% of market share held by top

4 companies)

Total Emergency Lighting Market: Market Engineering Measurements, Global, 2018

Note: All f igures are rounded. The base year is 2018. Source: Frost & Sullivan

Stable Increasing Decreasing Pre

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12 ME5B-19

Market Engineering Measurements (continued)

Average Product

Development Time

For a tabular version, click here.

Average R&D

Spend as a Per

Cent of Market

Revenue

Marketing Spend as

a Per Cent of

Market Revenue

Total Addressable Market

Industry Advancement

Number of

Competitors

Number of

Companies that

Exited*

(2018)

Replacement Rate

(average period of

unit replacement)

Number of

Companies that

Entered*

(active market

competitors in 2018) (2018)


*Companies w ith revenue of more than $10 M

Competitor Overview

Stable Increasing Decreasing Pre

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13 ME5B-19

The growth in the construction industry, especially in

the APAC, Middle Eastern, and African regions, is

expected to make the emergency lighting market

highly dynamic in the next 7 years.

Technological advancements with IoT-integrated

products and services are set to increase the value of

emergency lighting systems.

A multi-brand strategy business model has been

enabling Tier I and Tier II companies to provide

end-to-end coverage of the global emergency

lighting market.

India, China, Malaysia, Singapore, Saudi Arabia,

Qatar, Dubai, Australia, New Zealand, Brazil,

Ethiopia, and Nigeria are being considered as

business expansion territories for Tier I and Tier II

participants.

This is a regulation-driven market. Building codes and

national obligations for fire and safety protocol hold

the key to future growth.

CEO’s Perspective

2

3

4

5

1

Source: Frost & Sullivan Pre

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Market Definitions

Geographic Coverage Global

Study Period 2015–2025

Base Year 2018

Forecast Period 2019–2025

Monetary Unit US Dollars

The scope of this study includes self-sustained and

centrally supplied emergency lighting systems. The

product scope includes emergency lamps, luminaries,

and lighting accessories such as monitoring systems,

sensing modules, power packs (battery and inverter),

and lighting test switches. As the accessories are a

part of both, centrally supplied and self-contained

emergency lighting systems, they are included in the

study.

Emergency Lighting

Escape Lighting

Stand-by Lighting

Self-sustained Lighting

Centrally Supplied Lighting

Signage Lighting

Anti-panic Lighting

High Risk Task

Lighting

Total Emergency Lighting Market: Product Segmentation, Global, 2018


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Market Definitions (continued)

Category Self-sustained Systems Centrally Supplied System

Product Fluorescent and LED emergency fixtures

and components Fluorescent and LED emergency

fixtures and components

Power Supply Nickel cadmium and lead calcium Nickel cadmium and lead calcium

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).


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18 ME5B-19

Regional Segmentation

The regional scope of the study covers the

following continents:

• North America (NA)

• Europe (EU)

• Latin America (LA)

• Asia-Pacific (APAC)

• The Middle East

• Africa

The countries included are:

• North America (the United States and Canada)

• Europe (Western Europe, Central and

Eastern Europe, the Commonwealth of

Independent States)

• Asia-Pacific (Asia, Australia, and New Zealand)

• The Middle East and Africa

• Latin America (includes Mexico)

Market Definitions (continued)


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19 ME5B-19

Key Questions this Study will Answer

Source: Frost & Sullivan

Is the market growing, how long will it continue to grow, and at what rate?

Have the positions of leading competitors changed? Did they lose market share?

How dynamic is the market? Are there acquisitions? Is there any supporting industry aiding the growth of the market?

Are there any emerging technologies relevant to the market? How are they affecting the growth of the market?

Which are the key market participants, and what are their competitive strengths?

What are the different sales distribution channels present in the market? Are they likely to change in the future? P

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Market Segmentation by Product Type


Key Takeaway: Centrally supplied systems are set to dominate the market throughout the study period.

Total Emergency Lighting Market: Per Cent Sales Breakdown by Product Type, Global, 2018

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Market Distribution Channels

Emergency Lighting Manufacturers

End User

Electrical Contractors

Electrical Distributors

Direct sales

Construction Companies

Total Emergency Lighting Market: Distribution Channel Analysis, Global, 2018


Key Takeaway: Electrical distributors are dominant and are most likely to lead the supply chain.

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Drivers 1–2 Years 3–4 Years 5–7 Year

Regulatory compliance boosts the demand for emergency

lighting systems.

Growth in the construction sector supports the growth in demand

for emergency lighting.

Rising power outages is driving the growth of the market.

Technological advancements drive the demand for high-performance

emergency lighting.

Repetitive natural disasters call for installation of emergency lighting.

Increasing customer awareness towards emergency lighting

systems ensures sustainable growth for the market.

Market Drivers

Total Emergency Lighting Market: Key Market Drivers, Global, 2019–2025


Impact Ratings: H = High; M = Medium; L = Low Pre

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Market Restraints

Total Emergency Lighting Market: Key Market Restraints, Global, 2019–2025


Restraints 1–2 Years 3–4 Years 5–7 Year

High initial investment restraints the growth of the emergency

lighting market in developing countries

Lack of proper implementation of the building codes in countries

hampers the growth of the market

Impact Ratings: H = High; M = Medium; L = Low

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Measurement Name Measurement Trend

Market stage

Market revenue (2018)

Market size for last year of study period (2025)

Base year market growth rate

Compound annual growth rate (CAGR, 2018–2025)

Customer price sensitivity (scale of 1 to 10, low to high)

Degree of technical change (scale of 1 to 10, low to high)

Market concentration (% of base year market controlled by top three competitors)

Market Engineering Measurements

Trend Decreasing Stable Increasing

▼ ● ▲

Market Overview

Total Emergency Lighting Market: Market Engineering Measurements, Global, 2018

Note: All f igures are rounded. The base year is 2018. Source: Frost & Sullivan Pre

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39 ME5B-19


*Companies w ith more than $10.0 M revenue.


Number of competitors (active market competitors in base year)

Number of companies that exited in base year*

Number of companies that entered in base year*

Competitor Overview

Replacement rate (average period of unit replacement)

Total Addressable Market



▼ ● ▲Pre

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Average product development time

R&D spend as a per cent of market revenue

Marketing spend as a per cent of market revenue

Industry Advancement



▼ ● ▲Pre

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Gro

wth

Rate

(%

)

Re

ve

nu

e ($ M

illio

n)

Year

Total Emergency Lighting Market—Revenue Forecast

Total Emergency Lighting Market: Revenue Forecast, Global, 2015–2025

CAGR, 2018–2025 = X%


Key Takeaway: Self-sustained systems are gaining market share compared to central supplied systems.

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Revenue Forecast for Centrally Supplied Systems

Gro

wth

Rate

(%

)

Re

ve

nu

e ($ M

illio

n)

Year

Total Emergency Lighting Market: Revenue Forecast for Centrally Supplied Systems, Global, 2015–2025

CAGR, 2018–2025 = X%


Key Takeaway: Revenue growth for the centrally supplied systems is fuelled by the demand from the commercial and hospitality sectors where the usage is high.

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North America—Market Overview and Key Findings

Key Highlights, 2018

Market Leader and Share Acuity Brands, X%

Market Share of Top 5 Participants X%

Key End-user Groups Commercial, industrial, educational,

hospitality

Top Market Measurements

Re

ve

nu

e ($ M

illio

n)

Emergency Lighting Market: Revenue Forecast, North America, 2018 and 2025

$X Million

Market size in 2018

X%

CAGR, 2018–2025

X Key Participants

XNumber of companies in the market


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Europe—Market Overview and Key Findings


Market Leader and Share Zumtobel Group, X%


Key End-user Groups Commercial, industrial, hospitality,

education

Top Market Measurements Emergency Lighting Market: Revenue Forecast, Europe, 2018 and 2025

$X Million

Market size in 2018

X%

CAGR, 2018–2025

XKey Participants


Re

ve

nu

e ($ M

illio

n)


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Asia-Pacific—Market Overview and Key Findings

Re

ve

nu

e ($ M

illio

n)


Market Leader and Share ABB, X%



education

Top Market Measurements Emergency Lighting Market: Revenue Forecast, Asia-Pacific, 2018 and 2025

$X Million

Market size in 2018

X%

CAGR, 2018–2025

X Key Participants



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Latin America—Market Overview and Key Findings

Re

ve

nu

e ($ M

illio

n)





education

Top Market Measurements Emergency Lighting Market: Revenue Forecast, Latin America, 2018 and 2025

$XMillion

Market size in 2018

X%

CAGR, 2018–2025

X Key Participants



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The Middle East—Market Overview and Key Findings

Re

ve

nu

e ($ M

illio

n)





education

Top Market Measurements Emergency Lighting Market: Revenue Forecast, The Middle East, 2018 and 2025

$X Million

Market size in 2018

X%

CAGR, 2018–2025

XKey Participants



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Africa—Market Overview and Key Findings

Re

ve

nu

e ($ M

illio

n)


Market Leader and Share Voltex Lighting, X%


Key End-user Groups Commercial, industrial, healthcare,

education

Top Market Measurements Emergency Lighting Market: Revenue Forecast, Africa, 2018 and 2025

$X Million

Market size in 2018

X%

CAGR, 2018–2025

X Key Participants



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Frost & Sullivan

3211 Scott Blvd, Suite 203

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130 ME5B-19

Market Engineering Methodology


One of Frost & Sullivan’s core deliverables

is its Market Engineering studies. They are

based on our proprietary Market

Engineering Methodology. This approach,

developed across the 50 years of

experience assessing global markets,

applies engineering rigor to the often

nebulous art of market forecasting and

interpretation.

A detailed description of the methodology

can be found here.

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Abbreviations

AS/NZS Australian Standards / New Zealand Standards

BS British Standards

CFL Compact Fluorescent Lamp

DALI Digitally Addressable Lighting Interface

EUR Euro

GBP British Pound

IEC International Electrotechnical Commission

LED Light Emitting Diode

NEC National Electric Code

NF French Standards

OLED Organic Light Emitting Diode

VAR Value Added Reseller

ZAR South African Rand


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