Emergency lighting batteries are highly energy-efficient as it has greater capacity to store energy

Emergency lights have become increasingly popular over the past few years with many countries including the United States, Great Britain, Sweden, and Singapore introducing regulations regarding the use of lighting for public safety purposes. In addition, the United States Federal Highway Administration has recently released a report which found that the majority of road accidents can be avoided due to an increased level of road security awareness. Li-ion batteries and NiMH batteries are some of the emergency lighting battery. These newer cells enable the manufacturer to produce larger cells, resulting in a smaller amount of waste, as well as a greater capacity to store energy. Emergency lighting batteries are an important part of everyday lives as they are the main power source for emergency first aid kits.

Growth in the number of construction projects is a key factor driving the market growth of emergency lighting batteries. This is attributed to increasing investment in the construction industry. According to the Foreign Funding in India, in September 2018, Vatika group to invest $1.1 bn on township project at Gurugram. Moreover, overseas investment in the construction industry in India from April 2007 – March 2018 was US$540 MN. Continuous product innovation by key players in the field of emergency lighting luminaires such as lithium-ion battery technology is further projected to foster the market growth of the emergency lighting battery.

From the geographical point of view, Europe is expected to exhibit significant growth over the forecast period and this is attributed to the growing focus of government for installing energy-efficient lighting in buildings both commercial and residential buildings. According to EDF Energy, all traditional incandescent bulbs have been banned to accommodate the shift towards more efficient technologies. The less efficient halogen bulbs were phased out by the EU in 2018 and replaced by energy-efficient light bulbs.From the geographical point of view, Europe is expected to exhibit significant growth over the forecast period and this is attributed to the growing focus of government for installing energy-efficient lighting in buildings both commercial and residential buildings. According to EDF Energy, all traditional incandescent bulbs have been banned to accommodate the shift towards more efficient technologies. The less efficient halogen bulbs were phased out by the EU in 2018 and replaced by energy-efficient light bulbs. 

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