Emergency Lighting Market, Global, 2024–2030
Description
Global emergency lighting is estimated to have grown at a rate of 5.5% in 2024. Market revenue is forecast to reach $7.42 billion by 2030, at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030.
The global emergency lighting market benefits from rising investments in the construction sector, with growth projected at 4.4% annually through 2030, driven by urbanization in emerging markets. This leads to the increased adoption of fire safety systems, including emergency lighting; new developments such as IoT-integrated, wireless monitoring; and adaptive lighting, which are accelerating expansion and positioning the market for steady growth.
The North American emergency lighting market is projected to expand moderately at a 4.9% CAGR from 2024 to 2030, solidifying its position as the largest global region by 2030, closely tied to the building construction sector's growth, reaching $3,033.26 billion by 2030 at a 4.3% CAGR. The European market is mature and is projected to maintain its position as the second-largest market globally, driven by decarbonization initiatives, AI-powered innovations, and urban redevelopment projects that necessitate compliant safety lighting systems. Asia-Pacific is poised to be the fastest-growing market, fueled by rapid urbanization that demands safety systems in commercial and industrial structures, alongside substantial government investments in transportation and smart city infrastructure for connectivity, though challenges such as economic uncertainties and rising labor costs in Malaysia, Vietnam, the Philippines, and Indonesia may constrain SME-driven projects while driving innovation in cost-effective solutions.
The office segment leads global emergency lighting revenues, contributing 21% in 2024, with office and industrial together accounting for nearly 40%, reflecting strong demand in urban commercial and manufacturing hubs, as well as high-rise establishments. High-growth verticals, such as data centers and educational institutions, are propelled by increasing AI and cloud investments and public stimulus for modern facilities, while healthcare and industrial surpass the global average due to aging infrastructure upgrades and manufacturing expansions in emerging economies.
Key drivers for market growth include regulatory compliance, new construction, and renovation, as well as energy efficiency and IoT advancements. Key restraints include the threat of low-cost emergency signage boards and non-compliance with emergency lighting regulations and building codes in some developing countries.
Leading participants in the market are ABB, Eaton, Signify, Legrand, Beghelli, Acuity, Zumtobel Group, and Inotec. Key competitive factors include compliance with regulations and standards, energy efficiency, price, brand, and product performance. In addition, key growth opportunities in the global emergency lighting market are life safety systems integration in buildings, low-power emergency lighting, and wireless emergency lighting.
The global emergency lighting market benefits from rising investments in the construction sector, with growth projected at 4.4% annually through 2030, driven by urbanization in emerging markets. This leads to the increased adoption of fire safety systems, including emergency lighting; new developments such as IoT-integrated, wireless monitoring; and adaptive lighting, which are accelerating expansion and positioning the market for steady growth.
The North American emergency lighting market is projected to expand moderately at a 4.9% CAGR from 2024 to 2030, solidifying its position as the largest global region by 2030, closely tied to the building construction sector's growth, reaching $3,033.26 billion by 2030 at a 4.3% CAGR. The European market is mature and is projected to maintain its position as the second-largest market globally, driven by decarbonization initiatives, AI-powered innovations, and urban redevelopment projects that necessitate compliant safety lighting systems. Asia-Pacific is poised to be the fastest-growing market, fueled by rapid urbanization that demands safety systems in commercial and industrial structures, alongside substantial government investments in transportation and smart city infrastructure for connectivity, though challenges such as economic uncertainties and rising labor costs in Malaysia, Vietnam, the Philippines, and Indonesia may constrain SME-driven projects while driving innovation in cost-effective solutions.
The office segment leads global emergency lighting revenues, contributing 21% in 2024, with office and industrial together accounting for nearly 40%, reflecting strong demand in urban commercial and manufacturing hubs, as well as high-rise establishments. High-growth verticals, such as data centers and educational institutions, are propelled by increasing AI and cloud investments and public stimulus for modern facilities, while healthcare and industrial surpass the global average due to aging infrastructure upgrades and manufacturing expansions in emerging economies.
Key drivers for market growth include regulatory compliance, new construction, and renovation, as well as energy efficiency and IoT advancements. Key restraints include the threat of low-cost emergency signage boards and non-compliance with emergency lighting regulations and building codes in some developing countries.
Leading participants in the market are ABB, Eaton, Signify, Legrand, Beghelli, Acuity, Zumtobel Group, and Inotec. Key competitive factors include compliance with regulations and standards, energy efficiency, price, brand, and product performance. In addition, key growth opportunities in the global emergency lighting market are life safety systems integration in buildings, low-power emergency lighting, and wireless emergency lighting.
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