LED emergency lights market is estimated to generate revenue worth of about USD 10 billion by 2030

According to some market reports, it is estimated that the LED Emergency Lighting market size to grow by about USD 2 billion during the period 2021-2030.

This is to say that the growth of the global LED emergency lighting market value might be up to $9,993.4 million by 2030 , at a 6.4% CAGR during 2021–2030, according to the market research study published by P&S Intelligence.

The LED emergency lighting market has been under the negative impact of the COVID-19 pandemic during the year 2020, mainly because of factory shutdowns, which have affected the trade of emergency lights and their components. Similarly, construction projects have been postponed, and funding for them has been reduced or completely stopped, which has decreased the demand for such emergency lights.

Historically, North America was the highest-revenue-generating LED emergency lighting market because of the rapid infrastructure development and stringent government measures concerning the safety of people. Moreover, the energy efficiency measures taken in north America are faciliating the installation of LED emergency lights.