Skip to main content

How Is Emergency Lighting Market Growing due to Government Regulations?

The burgeoning number of construction projects is the biggest market driver. With the increasing concerns being raised over tenant and employee safety, emergency lights are being installed in almost all new industrial, residential, commercial, and government buildings. In this regard, the rampant urbanization and construction of houses, office buildings, hospitals, universities, restaurants, shopping complexes, hotels, and factories are helping market players gather high revenue.

For instance, these lights will be procured in monumental numbers for the 100 smart cities being developed in India. Another key growth driver for the emergency lighting market are the government regulations mandating their installation. In closed buildings, anything can go wrong anytime, for instance, due to a major power cut, short circuit, fire, natural disasters, and bombing and other acts of violence.


Moreover, if not constructed properly, buildings could fall, trapping people inside. The increasing concerns in this regard have impelled governments to mandate the installation of emergency lights so that the people inside can have a properly illuminated exit path. Presently, North America is the largest emergency lighting market because the laws mandating their installation in all sorts of buildings are rather stringent here.

Some of these regulations are Occupational Safety and Health Administration (OSHA) Code of Federal Regulations, NFPA 101 – Life Safety Code, NFPA 70 – National Electric Code, International Fire Code, Standard Fire Prevention Code 1999, and NFPA 1997 5–9.3. APAC will witness the fastest growth in the installation of such fixtures till 2030 due to the increasing preference for smart homes and the adoption of LEDs.

Hence, the market will continue to grow with the surging focus on safety inside buildings. This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings




Comments

Post a Comment

Popular posts from this blog

BFSI Using Advanced Security Solutions to Protect Data and Financial Assets

Banks and financial institutions are gradually shifting their core applications over to the cloud network, to offer a personalized banking experience, mitigate the risks associated with conventional technologies, improve the operational control of platforms, reduce capital expenditure, and meet the growing need for real-time analysis of high-volume data. However, the deployment of the cloud infrastructure escalates the risk of cyberattacks, as the data is stored at remote locations.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/bfsi-security-market/report-sample To combat the cyber threat, such institutions are increasingly adopting a range of advanced security solutions. The financial service sector has become a prime target for cybercriminals, as it centers around financial assets and generates massive unstructured data. Moreover, progressive steps such as the adoption of online banking and shift toward digital processes have increased the pro
Post a Comment
Read more

RF Semiconductor Market a $5.0-Billion Investment Opportunity by 2030

The major factors leading to the rising demand for radiofrequency (RF) semiconductors are the increasing popularity of smartphones, enhancements in the wireless communication technologies, and escalating adoption of the internet of things (IoT). As a result, from $2.1 billion in 2019, the market of RF semiconductor will witness an 8.8% CAGR during 2020–2030 (forecast period), to reach $5.0 billion by 2030. Made of semiconductor materials, such components enable RF communication in an array of sectors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/rf-semiconductor-market-report/report-sample The material segment of the market is classified into indium phosphate, gallium arsenide, gallium nitride, silicon, and silicon germanium. Among these, during the historical period (2014–2019), the largest share was held by the gallium arsenide category because RF semiconductors made from this material consume less power, account for low power dissipation, ca
Post a Comment
Read more

How Is Consumer Electronics Sector Helping Silicon on Insulator Market Grow?

Currently, the major players of the silicon on insulator market are taking strategic measures, such as product launches, facility expansions, partnerships, geographical expansions, client wins, and mergers and acquisitions, to gain a competitive edge in the market. For example, in January 2019, Soitec SA extended its collaboration with Samsung Foundry to increase the volume supply of FD-SOIs.  With the new agreement, these companies extended their partnership and secured a high-volume supply of FD-SOI wafers to cater to the surging demand for SOI wafers in consumer, automotive, and internet of things (IoT) applications. The wafer type segment of the silicon on insulator market is categorized into radio-frequency SOI (RF-SOI), power-SOI, imager-SOI, photonics-SOI, fully depleted SOI (FD-SOI), and partially depleted SOI (PD-SOI).  In 2018, the RF-SOI category generated the highest revenue, due to the escalating use of RF-SOI in advanced LTE smartphones and huge investments made in the
Post a Comment
Read more