Signaling Devices Market Poised to Grow at a significant CAGR by 2024

Signaling Devices Market Poised to Grow at a significant CAGR by 2024


Infinium Global Research has added a new report on signaling devices market. The report presents analysis of global as well as regional markets of signaling devices market over the period of 2016 to 2024. Signaling devices is a device that raises an alarm in the form of sound or visual alarm that is totally depending upon the trigger given from the control panel. These devices comprise of a variety of different styles, shapes, and colors and are used for various purposes. Usually signaling consist of lights combined with a variety of sound producing product. Signal lights are used to signal the status of conveyors, machinery and automated lines using different colors to show the status of the products from a large distance. Signaling products are specifically designed for use in areas where harsh environmental conditions prevail and where there is a risk of explosion due to the presence of flammable atmospheres. Signaling devices are widely used in different industries such as chemical and pharmaceutical, oil and gas, food and beverages, mining, and in several other industries.

 

 

Signaling devices are used in safety and security management system to avoid, damage of property as well as life. In addition, these signaling devices are developed to reduce the loss during natural disasters such as hurricanes and earthquake. Rising demand for signaling devices in oil and gas industries is major factor driving Signaling Devices Market. In addition, the other factor responsible for the driving the growth are rising demand for LED lighting solution, growing demand for Strobe beacon as an attention-getting device and warn of a possible hazard and Strict rules set by the government regarding the industrial safety work across the globe. Moreover, these devices are easy to maintain and allow the user to add elements according to their need.  However, the lack of awareness regarding the industrial work safety in many developing and the underdeveloped region is anticipated to hamper the growth of the signaling devices market.

 

 

Among the geographies, North America dominates the signaling device market in terms of revenue followed by Europe. Stringent rules concerning industrial work safety across every industry is the primary reason driving the growth of the market in U.S. region. Europe is witnessing to the high growth rate in the signaling device market owing to the largest number of the product provider. In the Asia Pacific region, rapid growing industrialization and urbanization in countries such as India, China, and Malaysia requires the signaling system for their safety purpose. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global signaling devices market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

 

Get 15% discount for early purchase of global signaling devices market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1782

 

The recent report identified that North America dominated the global signaling devices market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the signaling devices market worldwide.

 

The report segments the global signaling devices market on the basis of Type, End-user, Connectivity Service and Application.

 

Global Signaling Devices Market by Type 

·         Visual

·         Audible

·         Others

 

Global Signaling Devices Market by End-user

·         Oil And Gas Platforms

·         Mining

·         Marine

·         Commercial Buildings

·         Natural Hazard Emergency And Warning Systems.

 

Global Signaling Devices Market by Connectivity Service

·         Wired

·         Wireless

 

Global Signaling Devices Market by Application

·          Hazardous Area Signaling

·         Fire And Industrial Signaling

·           Wide Area Signaling

·         Others

 

Companies Profiled in the Report

·         Robert Bosch GmbH

·         Rockwell Automation Inc.

·         Thakral Services (India) Ltd.

·         Auer Signal GmbH

·         Schneider Electric

·         Siemens AG, Eaton

·         Thales Group

·         Omron Corporation

·         Thomas & Betts Corporation

·         Koninklijke Philips Electronics N.V.

 

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