Global Emergency Lighting Battery Market to Surpass US$ 3,107.8 Million by 2026 – Coherent Market Insights

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SEATTLE, June 13, 2018 (GLOBE NEWSWIRE) -- The global emergency lighting battery market was valued at US$1,107.4 million in 2017, and is projected to exhibit CAGR of 12.1% over the forecast period (2018 – 2026).

Increasing initiatives for development of smart city and connected infrastructure by various governments has resulted in adoption of advanced lighting technologies such as LED lights in buildings. For instance, according to a white paper by Technology sponsored by United Parcel Services and Consumer Technology Association, smart city initiatives increased to over 235 in 2016 worldwide, which is increase of over 38% as compared to 2013. Increasing number of construction activities is expected to drive growth of the emergency lighting market through 2026, as emergency lights aids in emergency exit lighting required for commercial, retail, industrial, or office building, even during power outage. Emergency lights assist people to exit buildings during fire or natural disasters.

Mr. Shah Coherent Market Insights 1001 4th Ave.  #3200  Seattle, WA 98154 Tel: +1-206-701-6702 Email: 

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Globe Newswire: 15:00 GMT Wednesday 13th June 2018

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