The Intelligent Evacuation System Market is Predict to reach USD 1.23 Billion by 2031, at a CAGR of 6.6%

Intelligent Evacuation System Market Growth, Trends and Report Highlights

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).

List of Key Companies Profiled

• Honeywell International Inc. (Honeywell HBT)
• Siemens AG
• Johnson Controls International PLC
• Schneider Electric SE
• Legrand S.A. (Legrand Group)
• Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
• Zenitel Group
• Eaton Corporation plc
• ABB Group
• Mircom Group of Companies

Intelligent Evacuation System Market Report Segmentation

By Type

• Emergency Lighting
• Voice Evacuation Systems
• Mass Notification Systems
• Other Type

By End Use

• Commercial
• Industrial
• Residential
• Other End Use

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Intelligent Evacuation System Market Size | Growth 2031

• December-2024
• 107 Pages

LAMEA Intelligent Evacuation System Market Size | 2031

• December-2024
• 115 Pages

Europe Intelligent Evacuation System Market Size | 2031

• December-2024
• 114 Pages

Asia Pacific Intelligent Evacuation System Market Size 2031

• December-2024
• 115 Pages