Global Emergency Lighting Batteries Strategic Business Report 2023: Need for Emergency Lighting to Develop Smart Building Network Offer Widening Growth Opportunities

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Global Market for Emergency Lighting Batteries

Global Market for Emergency Lighting Batteries

Dublin, Feb. 02, 2023 (GLOBE NEWSWIRE) -- The "Emergency Lighting Batteries - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Emergency Lighting Batteries estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$3.6 Billion by 2030, growing at a CAGR of 10.1% over the analysis period 2022-2030.

Lead-Acid Battery, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$1.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Li-Ion Battery segment is readjusted to a revised 14.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $448.2 Million, While China is Forecast to Grow at 13.8% CAGR

The Emergency Lighting Batteries market in the U.S. is estimated at US$448.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$775.8 Million by the year 2030 trailing a CAGR of 13.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 8.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$525.8 Million by the year 2030.

Select Competitors (Total 12 Featured) -

• ARTS Energy

• East Penn Manufacturing Co., Inc.

• Electrocine (Sales) Corporation

• EnerSys

• Exide Technologies

• JB Battery

• Mackwell

• MK Battery

• Mule Lighting

• Raca Parts

• SAFT

• Tridonic GmbH & Co KG

• Yuasa Battery Indonesia

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• Emergency Lighting Batteries: An Introduction

• Global Market Prospects & Outlook

• Emergency Lighting Batteries - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Introduction of Technologically Advanced Products to Support Market Growth

• M&A Deals to Strengthen the Market Demand

• Myriad Benefits Associated with Emergency Lighting to Sustain Market Demand

• Need for Emergency Lighting to Develop Smart Building Network Offer Widening Opportunities to Market Growth

• With the Introduction of Wireless Technology, New Trends Emerge in Emergency Lighting

• With Emerging Lighting Promising Safer Solutions, the Market is Expected to Witness Robust Growth

• LED Segment to Register Fastest Growth

• Application in Residential Sector to Exhibit Fastest Growth during the Forecast Period Owing to Rise in Construction Projects, Comprising both Apartments and Residential Complexes

• Decline in LED Prices Bode Well for Market Growth

• Due to Wide Range of Application Base, Including Industrial, Commercial, and Residential Sector, Emergency Lighting Batteries Market is Expected to Register Growth

• Rapid Urbanization to Support Market Growth

• Booming Construction Industry to Drive Market Demand

• Huge Operational Cost and Capital Investment: Market Restraints

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/6dqqzu

Attachment

• Global Market for Emergency Lighting Batteries

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