According to a new report, published by KBV research, The Global Intelligent Evacuation System Market size is expected to reach $1.23 billion by 2031, rising at a market growth of 6.6% CAGR during the forecast period.
The Emergency Lighting segment is leading the Global Intelligent Evacuation System Market by Type in 2023; thereby, achieving a market value of $425.5 Million by 2031. The emergency lighting segment is driven by its indispensable role in ensuring visibility during power outages and emergencies, making it a critical safety feature in all buildings. Regulatory mandates and compliance requirements across industries, particularly in commercial and industrial spaces, have significantly boosted its adoption. Advancements in LED technology, offering energy-efficient and durable lighting solutions, further contribute to the segment’s growth. Additionally, the rising focus on smart lighting systems integrated with IoT has enhanced the functionality of emergency lighting, driving its demand in modern infrastructure.
The Industrial segment is anticipating a CAGR of 6.8% during (2024 - 2031). The need for advanced safety solutions in high-risk environments such as manufacturing plants, chemical facilities, and oil & gas refineries propels the industrial segment. These settings require robust evacuation systems to mitigate risks associated with hazardous materials, complex machinery, and potential emergencies like fires or explosions. Integrating real-time monitoring, automated alerts, and AI-powered systems has become essential in ensuring worker safety and regulatory compliance. Increasing investments in industrial automation and safety technologies drive demand for intelligent evacuation systems in this segment.
Full Report: https://www.kbvresearch.com/intelligent-evacuation-system-market/
The North America region dominated the Global Intelligent Evacuation System Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $417.7 Million by 2031. The Europe region is experiencing a CAGR of 6.2% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 7.2% during (2024 - 2031).
By Type
By End Use
Unique Offerings 
