According to a report by Straits Research entitled ‘Emergency Lighting Market’, the emergency lighting industry is set for a significant expansion. The global emergency lighting market size was valued at USD 7.05 billion in 2022, with projections reaching USD 17.03 billion by 2031. This suggests a compound annual growth rate (CAGR) of 10.3% during the forecast period of 2023–2031. Particularly noteworthy is the anticipated significant market growth in North America.

Enhanced Safety Regulations Spur Growth

Emergency lighting, a form of illumination that activates automatically when regular lighting fails or electricity is absent, has become increasingly standard in most structures during construction. Straits Research anticipates the emergency lighting market to grow due to the wider availability of cost-effective and aesthetically pleasing lighting options.

Regulatory Frameworks Play a Key Role

Global urbanisation has heightened safety concerns, especially in locations unfamiliar to some individuals, such as train stations, malls, airports, stadiums, government buildings or recreational facilities. Strict safety regulations and fire laws are being enforced, stipulating buildings must have proper arrangements for early fire detection and safe evacuation. Regulatory agencies like the Occupational Safety & Health Administration and National Fire Protection Association govern emergency lighting and exit sign requirements that must be adhered to during construction.

Global Market Projections

The Straits Research report highlights key market drivers, including safety regulations and the incorporation of emergency lighting into aesthetic design.

Regional Highlights

Beyond North America’s predicted growth, other regions are also seeing shifts in the emergency lighting market. Europe, led by Germany, is another key region, with growth fuelled by rising safety concerns and urbanisation. The Asia-Pacific region, particularly China and India, is also experiencing market expansion due to significant construction projects and an increased focus on LED lighting.

Middle Eastern nations, notably the United Arab Emirates and Saudi Arabia, are viewed as centres for commercial, industrial, and residential developments. In South America, the tourism sector’s development, particularly in Brazil, presents profitable potential for the emergency lighting market.

By 2031, Straits Research projects the global emergency lighting market will reach a size of USD 17.03 billion, expanding at a CAGR of 10.3%. Segments covered include emergency lights and electrical exit signals, non-electrical exit signals, and general emergency lighting. The residential segment is projected to dominate the market.