Global Signaling Devices Market is expected to reach USD 2.52 billion by 2025, from USD 1.83 billion in 2017, growing at a CAGR of 4.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
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Global Signaling Devices Market, By Connectivity Service (Wired, Wireless), By Product (Strobe Beacons, Lighting, Bells And Horns, Fire Alarms/Call Points, Speakers And Tone Generators, Visual And Audible Combination Units, Video Surveillance Systems, Intercoms), By Industry (Oil And Gas, Chemical And Pharmaceutical, Food And Beverages, Energy And Power, Mining), By Geography and Forecast to 2025.
Major Market Competitors/Players:
Some of the major players operating in the global signaling devices market are Siemens AG, Honeywell International, Inc., ABB, Rockwell Automation, Inc., Eaton, Emerson Electric Co., PATLITE Corporation, R. STAHL AG, E2S, NHP., FEDERAL SIGNAL CORPORATION, WERMA Signaltechnik GmbH + CO. KG, Potter Electric Signal Company, LLC, Tomar Electronics, Thales Group, KOITO MANUFACTURING CO.,LTD., Koninklijke Philips Electronics N.V, L3 Technologies, Inc., Auer Signalgerate, HollySys Automation Technologies Ltd., among others.
The global signaling devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of signaling devices market for global, Europe, North America, Asia Pacific and South America.
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The global signaling devices market is segmented into product, connectivity service, industry and geographical segments.
Based on product, the global signaling devices, market is segmented into strobe beacons, lighting, bells and horns, fire alarms/call points, speakers and tone generators, visual and audible combination units, video surveillance systems and intercoms.
On the basis of connectivity service, the global signaling devices market is classified into wired and wireless.
On the basis of industry, the global signaling devices market is classified into oil and gas, chemical and pharmaceutical, food and beverages, energy and power, mining and others.
Based on geography, the global signaling devices market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, turkey, Russia, china, India, south Korea, japan, Australia, Singapore, Saudi Arabia, south Africa and, brazil among others. In 2017, North America is expected to dominate the market.
This market report defines the market trends and forecast the upcoming opportunities and threats of the signaling devices market in the next 8 years. A signaling device is a device which generates an alarm built on the trigger from the control panel to indicate or warn something/somebody. This alarm can be audible or visible depending upon the application and surrounding place, where it is needed. These devices are usually connected over the control panel. They are arranged and placed in the correct places so that public can be aware of the problem and can take appropriate measures to deal with the situation. It is useful in alarming people from environmental problems, like change in climate, natural disasters like volcanos, tsunami, and hurricanes. Signalling devices are very important with respect to safety and security management, such as mining safety system, earthquake warning system, heavy rainfall warning system, traffic signalling & fire alarm system. Example of signaling devices are hooters, strobe lights etc. These devices are built for specific applications and include some extras features like fire alarm.
Major Market Drivers:
- Emphasis on Industrial Safety Measures.
- Led Lighting Solutions increases.
- Risk of explosion in hazardous areas
- Inspection and maintenance costs increased.
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