EMERGENCY LIGHTING BATTERY MARKET ANALYSIS

Market Challenges And Opportunities

• Lack of awareness regarding emergency lighting systems 

Lack of awareness is one of the key factors restraining growth of the market

The key factor restraining market growth is limited awareness regarding emergency lighting systems in emerging economies such as India. In emerging economies, consumers are more inclined towards adopting cost effective alternatives as emergency lights such as portable emergency lights and UPS, where the maintenance cost is relatively low and therefore it is preferred,

Increasing number of construction activities is driving global emergency lighting battery market growth

Increasing initiatives for development of smart city and connected infrastructure by various governments has resulted in adoption of advanced lighting technologies such as LED lights in buildings. For instance, according to a white paper by Technology that was sponsored by United Parcel Services and Consumer Technology Association, globally smart city initiatives increased to over 235 in 2016, which is increase of over 38% in comparison to 2013. Increasing number of infrastructural activities is expected to create a conducive environment for growth of the emergency lighting market through 2026, as emergency lights enables all emergency and exit lighting required for commercial, retail, industrial, or office building, even during power outage. Emergency lights are used for assisting people to exit buildings during fire or natural disasters.