Emergency Exit Signs Market Share | Revenue, Price & Growth Rate | Forecast To 2028

DUBAI, UAE. 19th February 2018: Emergency Exit Signs Market latest research report by size, share, application, Growth Analysis, geography, Outlook, Segmentation, Production Capacity, Competitive Strategies and Regional Outlook to 2019-2028

The global emergency exit signs market is anticipated to display a significant rise in the CAGR by 2028. An emergency exit sign gives the necessary guidance in the event of an urgent evacuation. These sign boards are clearly marked to prevent confusion and injury within a public facility such as aircraft, buildings, banks, etc.

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Strict fire and safety regulations are stimulating the market’s growth. However, high installation and maintenance costs are adversely influencing the progress of emergency exit signs market. Lack of design uniformity and standardization in emergency lightning is further hampering the market’s growth. The adoption of green and red exit sigh boards has emerged as a major development, which has further enhanced the safe evacuation at the time of blackouts or electric supply failure. The use of nickel metal hydride (NiMH) batteries has potentially emerged as a major technological trend. The growing awareness related to evacuation safety has propelled the incorporation of emergency exit signs in public places like corporate offices, shopping malls, aerospace systems, healthcare cents, academic institutions, and industrial building.

Based on the product, the market has been segmented into Electrical Exit Sign and Non-electrical Exit Sign. The electrical exit sign is high-grade acrylic panels that effortlessly attaches itself to the ceiling or a wall. These are visually appealing and easy to install. The LED exit sign boards are a premier choice for indoor applications like shopping malls and hospitals. The non-electrical sign boards come in sealed fiberglass and can withstand extreme climatic conditions like snow, sleet, and rain. Therefore, they have become an attractive option for outdoor applications.

Based on geography, the emergency exit sign market has been segmented into North America, the Asia Pacific, the Middle East, and Africa and Latin America. North America is anticipated to hold the largest market share due to the government’s stringent fire codes and safety regulations. Emergency lights and power-free photoluminescent exit signs have gained enormous popularity in North America.

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Market split by Type, can be divided into:

• Electrical Exit Sign

• Non-electrical Exit Sign

Market split by Application, can be divided into:

• Residential

• Commercial

• Industrial

• Public Facility

Market split by Sales Channel, can be divided into:

• Direct Channel

• Distribution Channel

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