The global LED Emergency Lighting Market is forecasted to be worth USD 4.23 Billion by 2027, according to a current analysis by Emergen Research. Due to the growing convergence of emergency lighting with aesthetic lighting, the LED emergency lighting market is expected to expand rapidly. With the Tack Endovascular System, a much-needed device that successfully enhances blood circulation in the vessels of limb, enables healing, and protects limbs; the deal will broaden its product line of treatments for peripheral arteries with minimally invasive impacts. In the forecast timeframe, the rising demand for effective emergency lightning is expected to further fuel market growth.
The rising emergency lighting integration with esthetic lighting and the growing demand for energy-efficient emergency lightning are driving the demand for the market.
The statistical data is obtained through extensive primary and secondary research that offers exhaustive breakdown of the LED Emergency Lighting market and its key factors. The report also covers the key market drivers, factors restraining the market growth, and the existing and potential market trends. LED Emergency Lighting Market Size - USD 4.23 billion in 2019, Market Growth - CAGR of 6.7 %, Market Trends - The rise in LEDs' adoption due to the decline of prices.
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Key participants include ams AG, NVC Lighting Ltd., Acuity Brands, Inc., IOTA Engineering, L.L.C., Koninklijke Philips N.V., Osram Licht AG, Legrand S.A., Digital Lumens, Inc., Hubbell Incorporated, and Fulham Co., Inc., among others.
End-Use Outlook (Revenue, USD Billion; 2017-2027)
In August 2020, Koninklijke Philips N.V. acquired Intact Vascular, Inc. Philips will extend its range of image-oriented medical devices by acquiring Intact Vascular. The report explains the current market scenario through diagrams, pictures, charts, tables, and other pictorial representations. LED costs have decreased tremendously and thus increase demand in different fields of application, like commercial and residential buildings. The increasing demand for LEDs and energy efficiency has driven the manufacturers of lighting goods to expand their LED portfolios.
Technology Outlook (Revenue, USD Billion; 2017-2027)
Chips on Board
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The latest report is the most recent study that offers 360° coverage of the LED Emergency Lighting industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global LED Emergency Lighting market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Regional Analysis of the LED Emergency Lighting Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Global LED Emergency Lighting Market research report by Emergen Research offers strategic insights into the LED Emergency Lighting business sphere and in-depth analysis of the industrial chain analysis, value chain analysis, upstream raw materials, investment strategies, regional expansions, and competitive landscape.
Chapter 1: Methodology & Scope
* Definition and forecast parameters
* Methodology and forecast parameters
* Data Sources
* Business trends
* Regional trends
* Product trends
* End-use trends
* Industry segmentation
* Industry landscape
* Vendor matrix
* Technological and innovation landscape
* Business Overview
* Financial Data
* Product Landscape
* Strategic Outlook
The report considers the following timeline for market estimation:
Historical Years: 2020-2027
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Key questions addressed in the report:
Who are the leading players dominating the global LED Emergency Lighting Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for LED Emergency Lighting in this industry vertical?
The report further studies the latest technological and product developments of the regions and offers key insights into current and emerging trends. It also studies investment opportunities, consumption and production patterns, supply and demand, consumer demand and behavior, economic growth, macro- and micro-economic growth factors, regulatory framework, government support, and presence of key players in each region
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