LED Emergency Lighting Market is forecasted to be worth USD 4.23 Billion by 2027.The LED Emergency Lighting record focuses on modern and future market growth, technological advancements, volume, raw materials, and profiles of the important thing businesses involved in the market. The record provides valuable insights to the stakeholders, investors, product managers, advertising and marketing executives, and other industry professionals.
In the forecast timeframe, the rising demand for effective emergency lightning is expected to further fuel market growth. 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.
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Further key findings from the report suggest
- 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. 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.
- Due to benefits such as excellent heat dissipation, smaller size, greater lumen performance, less lumen depreciation, prolonged lifespan, the Surface Mount segment is anticipated to lead the market with a CAGR of 6.9% over the forecast period.
- During the forecast period, the rechargeable segment will be the largest market due to improved lifetime and durability.
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Report Objective:
The report offers a complete analysis of the global LED Emergency Lighting market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as MA acquisition, partnerships, joint ventures, license agreement and collaborations. 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. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Emergen Research has segmented the global LED Emergency Lighting Market on the basis of technology, power source, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Surface Mount
- Chips on Board
Power Source Outlook (Revenue, USD Billion; 2017-2027)
- Rechargeable
- Solar
- Battery
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Cinema
- Commercial
- School
- Residential
- Others
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the LED Emergency Lighting market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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