Emergency Exit Sign Market Report

A device that indicates the location of the closest emergency exit in a public facility during fire or various other emergency situations is known as an Emergency Exit Sign. Emergency Exit Signs are required in places such as corporate offices, education institutions, healthcare centres, industrial buildings, and various other public places so that people can be safely evacuated during emergency.

Manufacturers make use of incandescent, fluorescent, or LED bulbs to manufacture exit signs and lights as they are energy-efficient and long lasting. The market is undergoing a number of product innovations. For instance, Exiway Power Control Exit Sign is well suited for offices, theatres, commercial places, banks, hotels, and hospitals. Long-life LED technology, visibility distances, varied design, high level performance, and efficiency are the key aspects of this exit sign.

Market Dynamics

Increasing number of construction projects across the globe, especially in the developing economies, is a key factor driving the need for Emergency Exit Signs in the newly constructed buildings. Technological advancements in the lighting industry are expected to have a positive impact on the Emergency Exit Signs market growth in the coming years. Rapid urbanization is also playing a key role in driving the Emergency Exit Sign market to a great extent.

Additionally, it has been observed that the average selling price of light emitting diode is declining. This is driving the demand for LED bulbs and lamps in Emergency Exit Signs, thus having a positive impact on the Emergency Exit Sign market growth. Strict fire as well as safety regulations are also offering growth opportunities for the players in the global Emergency Exit Sign market. However, high operational cost and capital investment may curb the growth of Emergency Exit Sign market in the years to come. Also, issues pertaining to the design of Emergency Exit Signs may challenge the market growth.

Solutions to Prevent Failure of Emergency Exit Signs

Participants to Launch New Products to Sustain the Competition

Key players operating in the Emergency Exit Sign market are Schneider Electric, LINERGY, Eaton, NVC, Jiangmen Minhua, Ventilux, Acuity Brands, Maxspid, Isolite, Legrand, Zhongshan AKT, ABB, Hubbell, Beghelli, Mackwell, Mule Lighting, and Philips. Manufacturers are taking up various strategies such as partnerships, mergers and acquisitions, novel product introduction, and business expansion with an aim to attract new customers and strengthen their presence across the globe.

For instance, one of the key companies, Eaton has launched two new ranges of emergency lighting named BeamTech and BeamLite II. These products offer a complete solution for large open-plan areas. They find application in various facilities ranging from warehouse, theatres, museums, stadiums, industrial facilities, healthcare, to transport-related buildings. Both the products are installed with Lithium-ion batteries. 

Market Segmentation

By Product Type

• Electrical Exit Sign
• Non-electrical Exit Sign

By Application

• Residential
• Commercial
• Industrial
• Public Facility

Electrical exit signs are the most popular exit signs in the market, which use AC power to operate. On the other hand, non-electric exit signs require no electricity or battery power to work. The global Emergency Exit Sign market has been bifurcated on the basis of application as residential, commercial, industrial, and pubic facility. Emergency Exit Signs are extensively employed in industrial and public facilities as there are greater chance of accidental fire.

By Region

Surge in the demand for Emergency Exit Sign in the residential, commercial, and industrial sectors is a key factor driving the Emergency Exit Sign market in North America. High awareness regarding the benefits of installing Emergency Exit Signs is also acting as a key factor fostering the market growth.

Increasing adoption of emergency lighting in developing countries could be a leading factor driving the Emergency Exit Sign market in Asia Pacific. Moreover, rising emphasis on real estate project is likely to open up novel avenues for the market in the region. Rapid urbanization in countries such as India and China is also positively influencing the market growth.

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