The Emergency Lighting Market in Asia-Pacific is Expected to Reach $2.1 Billion by 2024 - ResearchAndMarkets.com

The "Asia-Pacific
Emergency Lighting Market by Offering, by Power System, by Battery Type,
by Light Source, by Application, by Country Market Size, Share,
Development, Growth, and Demand Forecast, 2014-2024" report has
been added to ResearchAndMarkets.com's offering.

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

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