About Emergency Lighting Battery
Emergency Lighting Batteries are used to power signs and lights that help guide people to the nearest building exit in the case of a power cut or emergency. These batteries are used as power backup in order to allow provide immediate power to electric bulbs, LEDs, and other emergency lighting products. Increasing installation of emergency lights will ultimately increase the demand for emergency lighting batteries.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
In emergency lighting batteries market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States and European Manufacturers will contribute the maximum growth to Global Emergency Lighting Battery market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Exide Technologies Inc. (United States), Enersys Inc.( United States), Saft Groupe S.A. (France), GS Yuasa Corporation (Japan), Northstar Battery Company LLC (United States), C&D Technologies, Inc. (United States), Robert Bosch GmbH (Germany), East Penn Manufacturing Company (United States), Koninklijke Philips N.V. (Netherland) and Hubbell Lighting, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are ARTS Energy (France), JB Battery (India), Mackwell (United Kingdom), MK Battery (United States), Raca Parts (The Netherlands), SAFT (France) and Hubbell Lighting, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Emergency Lighting Battery market by Type (Nickel–Cadmium Battery, Nickel–Metal Hydride Battery, Lithium Iron Phosphate Battery and Lead–Acid Battery), Application (Commercial, Residential and Industrial) and Region.
On the basis of geography, the market of Emergency Lighting Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Lighting Source, the sub-segment i.e. LED will boost the Emergency Lighting Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement
Market Growth Drivers:
The Emergence of Smart Emergency Lighting Systems, Increasing Construction Activities and Increasing Adoption Of Safety Regulations
Challenges:
Declining Prices of Li-ion Batteries
Restraints:
Low Level of Awareness in Developing Countries and Initial Cost Of Emergency Lighting Products
Opportunities:
Advances in Emergency Light Battery Technologies, Adoption of Better Safety Standards and Affordable and Easy to Replace
Market Leaders and their expansionary development strategies
In May 2023, GS Yuasa Corporation, a Japanese battery manufacturer, acquired EnerSys, a US-based company known for its Enlyte emergency lighting batteries. This deal bolsters GS Yuasa's position in the North American market.
In July 2023, Legrand expanded its emergency lighting portfolio with the launch of the Wiser Emergency Dimmer Switch. This smart switch is controlled by a mobile app and provides adjustable dimming options for emergency lighting scenarios.
Key Target Audience
Raw Material and Equipment Suppliers, Original Equipment Manufacturers (OEMs), Emergency Lighting Manufacturers, Emergency Lighting Software Providers, Government Bodies and End Users
Key Finding and Research Objectives
Where will Emergency Lighting Batteries market reach in upcoming years? What are the upcoming trends in the Emergency Lighting Batteries market? What are the opportunities for Emergency Lighting Batteries providers? Which regions will contribute a major share to the growth of the Emergency Lighting Batteries market? What are the significant factors driving the global Emergency Lighting Battery market?
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.