Market Size of United States Emergency Lighting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.94 Billion |
| Market Size (2029) | USD 2.70 Billion |
| CAGR (2024 - 2029) | 6.84 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Emergency Lighting Market Analysis
The United States Emergency Lighting Market size is estimated at USD 1.94 billion in 2024, and is expected to reach USD 2.70 billion by 2029, growing at a CAGR of 6.84% during the forecast period (2024-2029).
Amid the outbreak of COVID-19, the market was witnessing halting of production and disruption in the supply chain, leading to weakened growth of industrial output and the decline of light-manufacturing output across significant manufacturing hubs.
- An emergency lighting system is one of the most critical safety systems in a building. It makes it possible to stop things safely and evacuate the building by following the exit lights in case of an emergency. Emergency lighting is a standalone backup system that does not depend on the functionality of the general electrical distribution system in the building. It must always be operational and ready for use.
- The United States is one of the largest markets for emergency lighting, primarily driven by government regulations. In the country, the Occupational Safety and Health Administration (OSHA) recognizes the National Fire Protection Association (NFPA) Life Safety Code (101) standards for emergency lighting as providing instructions for how employers can meet their general duty requirements for ensuring a safe workplace. These standards need all exit routes, including corridors, aisles, and the like, to have emergency lighting.
- As per the American Institute of Architects, construction spending is expected to grow over the next five years. Based on short-term projections, the US non-residential construction market is anticipated to grow to 2.4% by the end of 2020, as compared to the previous year (this forecast may have been affected by the COVID-19 scenario).
- According to the US Census Bureau, in the US residential construction sector, revenue increased from USD 0.3 billion in January 2010 to USD 0.6 billion in January 2018, and non-residential construction revenue increased from USD 0.6 billion in January 2010 to USD 0.8 billion in January 2018. Such growth in the construction sector is expected to create opportunities for the market across residential, commercial, and industrial applications.
