The emergency lighting market 2030 forecast value of $9,993.4 million attributed to the surging construction activities and the decline in prices of LED lights with the worldwide governments' initiatives to increase the use of energy-efficient lighting solutions. In addition, the technological advancements made in emergency lighting solutions proliferate the market. Moreover, aviation companies are massively adopting these products, which is attributed to the stringent passenger safety regulations and benefits as well as the decline in prices. Aviation companies are focused on reducing the one-time cost of installation of these components resulting in market expansion. 

The self-contained power systems category dominates the emergency lighting market, and it is expected to follow the same trend in the near future, attributed to the high demand for these variants to facilitate quick installation and decline costs for SMEs. In addition, these systems have a decentralized source that facilitates emergency lightning without any central battery system, which makes it convenient to install. 

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Furthermore, the Li-ion category, under the battery type segment, is predicted to experience the fastest growth in the coming years, attributed to little discharge rate and low maintenance as compared to other battery types and various benefits such as high energy density, and longer life, twice than the nickel–metal hydride (Ni–MH) and nickel–cadmium (Ni–Cd) batteries. 

Under the offering segment, the software category holds a significant position, attributed to the increasing demand for emergency lighting software to effectively monitor and control the lights. The original equipment manufacturers widely use relevant software to analyze the emergency lights’ performance and conduct the relevant battery tests. 

Under the application segment, the residential category holds a significant share in the emergency lighting market, ascribed to the speeding up of construction of residential projects such as apartments, and other buildings in the MEA and APAC. The expansion of the market in APAC is led by China and India primarily due to the increasing population and rising economic growth in both countries. 

Moreover, APAC is growing significantly in the emergency lighting market, it is attributed to the rising popularity of home usage and government initiatives to develop smart cities in countries such as Japan, China, India, Thailand, and South Korea. Moreover, the governments in India and Japan offered extensive support for LED light adoption. In addition, the rising investment in infrastructure development projects in China and India proliferates the market. 

North America dominates the emergency lighting market attributed to the rising infrastructural development, more specifically the construction of residential and commercial buildings in the U.S. and increased focus on energy-efficient lighting solutions of the U.S. government. In the country, the largest number of projects are contributed by California.