Dublin, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global LED Emergency Lighting Market Analysis & Forecast, 2016- 2022" report to their offering.

The LED Emergency Lighting Market is Set to Grow at a CAGR of 11.7% During 2016-2022

The global LED emergency lighting market is expected to grow at a significant rate during the forecast period. This is due to the integration of the security industry with LED lighting, changing the paradigm of the lighting industry to the electronics & healthcare industry and the continuous advancement in upcoming products. Increasing uncertainties in terms of sudden natural calamities and terrorist attacks have increased the need for taking necessary precautions before any mishap occurs.

This factor has made various companies start investing in the emergency LED lighting market as the business is growing at a rapid pace. The smart homes market along with customization benefits and continuously falling average selling price (ASP) of LED lights are some of the factors driving the growth of the market. However, designing challenges while using LED, and a lack of standards and the associated interoperability issues are restraining the growth of the global LED emergency lighting market.

The U.S. generated the maximum amount of revenue in the year 2015 in the global LED emergency lighting industry as compared to other countries, whereas India has the maximum potential to grow in the forecast period.The U.S has always been on the forefront of the world map when it comes to technological advancement. While profiling major companies it has been found out that most of the renowned companies are US based, giving significant impetus to the growth of this market in the US as well as the whole of North America.

The constant changes in the industry have led to the analysts adding a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global LED emergency lighting market through the forecast period. Moreover, having identified the potential for further development in the form of product launches, partnerships, and acquisitions among others, the report comprises a separate section of detailed competitive landscape. The recent developments by the key players in this market have also been tracked in the form of company profiles.

Some of the key companies covered in the report are Koninklijke Philips, OSRAM Licht, Acuity brands, NVC lighting, Legrand S.A, Keystone technologies, Fulham Co. Inc. Hubbell Incorporated, Digital Lumens.

The report is a compilation of different segments of global LED emergency lighting market including a market breakdown by component, application and different geographical areas. The revenue generated from LED emergency lighting in the market has been tracked to calculate the market size. Under this component, its application areas contributing to shaping the overall market have also been explained. The report also discusses in detail about the key participants involved in the industry.

The report answers the following questions about the global AR and VR market:

  • What are different system types of LED emergency lights?
  • What are the fundamental components in global LED emergency lighting market?
  • What are the different application areas of global LED emergency lighting market?
  • What are the different factors driving the global LED emergency lighting market forward in the forecast period?
  • What are the factors challenging the growth of global LED emergency lighting market?
  • Who are the leading players in the global LED emergency lighting market?
  • What kind of new strategies are being adopted by the existing market players to make a stronger mark in the industry?
  • Which region will be the leader in global LED emergency lighting market by the end of forecast period?

Market Dynamics

Market Drivers

  • Technological Advancement
  • Combination of Emergency lighting with Architectural lighting
  • Declining Average Selling Price of LED lighting

Market Restraints

  • Designing Challenges While Using LED
  • Consumers have to Bear High Replacement Costs from Existing Solutions to LED emergency Lighting

Opportunities in the Market

  • Increasing Need of Safety
  • Changing Paradigm of Lighting Industry to Electronics Industry

Companies Mentioned

  • Acuity Brands Inc.
  • AMS AG
  • Best Lighting Products
  • Digital Lumens, Inc.
  • Fulham Co., Inc.
  • Hubbell Incorporated
  • IOTA Engineering, L.L.C.
  • Koninklijke Philips N.V.
  • Legrand S.A.
  • McWong International Inc.
  • NVC Lighting
  • OSRAM Licht AG
  • Pace Electronics Corporation
  • Phenix lighting (Xiamen) Co., Ltd.
  • Ventilux

For more information about this report visit http://www.researchandmarkets.com/research/h8bvl3/global_led

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Related Topics: LED (Light Emitting Diodes)