Market Share of Emergency Lighting Industry
The competitive rivalry between the players in themarket studied is high due to the presence of some major players, like Eaton, Emerson, Schneider Electric, Syska, and LeGrand, among others. Their ability to constantly bring innovations in their products or launch new products, as per the needs of their consumers, helped these firms gain competitive advantage. These firms are able to achieve a greater market share by continuously investing in R&D activities,mergers and acquisitions, and strategic partnerships with otherfirms or institutions.
For instance, in May 2018,Eaton Corporation patterned with the Research and Innovation Group of the European Association of Automotive Suppliers (CLEPA), to research energy innovation in the automotive sector, including both electrified and traditional internal combustion vehicles.
Emergency Lighting Market Leaders
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EATON CORPORATION
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Emerson Electric Co.
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Schneider Electric
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Hubbell Lighting Inc.
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Legrand SA
*Disclaimer: Major Players sorted in no particular order
