24 December 2019 - The Global Emergency
Exit Signs Market is
anticipated to display a significant rise in the CAGR by 2028. An emergency
exit sign gives the necessary guidance in the event of an urgent evacuation.
These sign boards are clearly marked to prevent confusion and injury within a
public facility such as aircraft, buildings, banks, etc.
Strict
fire and safety regulations are stimulating the market’s growth. However, high
installation and maintenance costs are adversely influencing the progress of
emergency exit signs market. Lack of design uniformity and standardization in
emergency lightning is further hampering the market’s growth. The adoption of
green and red exit sigh boards has emerged as a major development, which has
further enhanced the safe evacuation at the time of blackouts or electric
supply failure. The use of nickel metal hydride (NiMH) batteries has
potentially emerged as a major technological trend. The growing awareness
related to evacuation safety has propelled the incorporation of emergency exit
signs in public places like corporate offices, shopping malls, aerospace
systems, healthcare cents, academic institutions, and industrial building.
Based
on the product, the market has been segmented into Electrical Exit Sign and
Non-electrical Exit Sign. The electrical exit sign is high-grade acrylic panels
that effortlessly attaches itself to the ceiling or a wall. These are visually
appealing and easy to install. The LED exit sign boards are a premier choice
for indoor applications like shopping malls and hospitals. The non-electrical
sign boards come in sealed fiberglass and can withstand extreme climatic
conditions like snow, sleet, and rain. Therefore, they have become an
attractive option for outdoor applications.
Based
on geography, the emergency exit sign market has been segmented into North
America, the Asia Pacific, the Middle East, and Africa and Latin America. North
America is anticipated to hold the largest market share due to the government’s
stringent fire codes and safety regulations. Emergency lights and power-free
photoluminescent exit signs have gained enormous popularity in North America.
The
global market is characterized by the presence of major international players
and emerging domestic entrants. Some of the key competitors or manufacturers
capitalizing in the Emergency Exit Signs market are Thomas & Betts,
Phillips, Schneider Electric, NVC, Mule Lighting, Jiangmen Minhua, Eaton,
Hubbell, Ventilux, Maxspid, Mackwell, Acuity Brands, Beghelli, Isolite,
Legrand, LINERGY, and Zhongshan AKT among others. Schneider Electric is a
French multinational corporation that manufactures an array of emergency exit
signs. The Maxi Slim has been specially designed to outfit the main needs of
large public areas such as airports, train station, huge buildings, etc.
Market Segment:
Leading players of Emergency Exit Signs
including:
•
Philips
•
Schneider Electric
•
Eaton
•
Thomas & Betts
•
Jiangmen Minhua
•
Hubbell
•
Ventilux
•
NVC
•
Acuity Brands
•
Beghelli
•
Maxspid
•
Mackwell
•
Isolite
•
Legrand
•
Mule Lighting
•
LINERGY
•
Zhongshan AKT
Market split by Type, can be divided
into:
•
Electrical Exit Sign
•
Non-electrical Exit Sign
Market split by Application, can be
divided into:
•
Residential
•
Commercial
•
Industrial
•
Public Facility
Market split by Sales Channel, can be
divided into:
•
Direct Channel
•
Distribution Channel
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