Signaling Devices Market Size, Share, Growth Report 2030

Signaling Devices Market

Signaling Devices Market By Product (Strobe Beacons, Lighting, Bells and Horns, Fire Alarms/Call Points, Speakers and Tone Generators, and Other), Connectivity Service (Wired, and Wireless) By Application (Oil and Gas, Chemical and Pharmaceutical, Food and Beverages, and Other): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-1131 Published Date: Aug-2021 Status : Published

The global Signaling Devices market accounted for USD 1.8 Billion in 2020 and is expected to reach USD 2.7 Billion by 2028, growing at a CAGR of 5.7% from 2021 to 2028.

Market Overview      

The global Signaling Devices market accounted for USD 1.8 Billion in 2020 and is expected to reach USD 2.7 Billion by 2028, growing at a CAGR of 5.7% from 2021 to 2028.  

The signaling device is a comprehensive range of signaling products designed for use in areas where the prevalence of harsh environmental conditions and where there is a risk of explosion due to the presence of flammable atmospheres. Signaling devices can be in the form of the audio or visual type depending on the signaling devices. Bell, buzzer, device, foghorn, whistle are some signaling devices used in day to day life.

The major players global signaling devices market are focusing on meeting their customers’ expectations by offering multiple certifications (ATEX, IEC, CES, others.) to these products. Certifications have been mandatory for every manufacturer in the signaling device market and have a huge impact on the overall revenue.

COVID-19 Impact Analysis:

The global Signaling Devices market has witnessed a significant growth during the COVID-19 pandemic. The pandemic is having an unprecedented effect on daily lives and this has impacted every single sector and the global economy. However, the demand for signaling Devices is growing exponentially during the pandemic, as the value of digital approaches which are designed to help health professionals and the public stay up to date about the technologies, allow better strategic planning, and maintain communication are now rapidly being highlighted and adopted.

The market would remain bullish in upcoming year.  

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Growth Factors

Signaling devices helps to increase the safety measures of any industry and reduces the probability of accidents. Growing manufacturing industry globally and technological advancement in every sector is expected to exhibit significant growth in the years to come. Furthermore, initiatives taken by the government and rapidly growing urbanization in developing countries are expected to show strong growth in the near future. Other applications like chemical and pharmaceutical, food and beverages, energy and power are also expected to witness significant growth over the forecast period.

Report Scope:

 

Segment Analysis Preview  

Strobe beacons, lighting, bells and horns, fire alarms/call points, speakers and tone generators, visual and audible combination units, video surveillance systems, and intercoms are product segments of the global signaling devices market. Among these products, strobe beacons segment has dominated the signaling devices market in 2016 due to the increasing demand of ambulance and automotive industry. Strobe beacons also used in hospitals, hotels to give the signal in both audio and visual form.

The wireless connectivity segment is projected to dominate the global signaling devices market. It accounted for the majority share of the entire revenue generated in 2020 and also expected to grow substantially in near future.

Based on applications, oil and gas dominated the global signaling devices market. It accounted for a highest share of the total market in 2020 and expected to grow at highest CAGR in coming years. Due to the increasing applications of signaling devices in the exploration and extraction of shale gas and oil, this application segment is anticipated to maintain its foremost position till 2028.

Global Signaling Devices Market ShareRequest Free Sample

Regional Analysis Preview  

North America was the leading regional market for signaling devices in 2020. It accounted for significant share of total revenue generated in 2020. This growth is mainly due to the adoption of advanced technology. In addition, U.S. was the major contributor of signaling devices revenue generated in 2020. Furthermore, Europe was the second largest regional market and is expected to witness significant growth in the years to come. This growth is attributed to the huge investment in oil and gas sector and water & wastewater sector in the region. Asia Pacific is a fasConnectivity Service growing market for signaling devices due to the growing industrialization in countries like China and India. Latin America and the Middle East & Africa are also expected to exhibit significant growth within the forecast period.

Key Market Players & Competitive Landscape

Some of key players in Signaling Devices Market are Siemens AG, Honeywell International, Inc., ABB Ltd., Rockwell Automation, Inc., Eaton Corporation PLC (Cooper Industries), Emerson Electric Co., Patlite Corporation, R. Stahl AG, E2S Warning Signals, NHP Electrical Engineering Products Pty Ltd., Federal Signal Corporation  and Tomar Electronics, Inc.

Global Signaling Devices Market Regional AnalysisRequest Free Sample

The global Signaling Devices Market is segmented as follows:   

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 Connectivity Service  

  • Wired     
  • Wireless  

By Application

  • Oil and Gas       
  • Chemical and Pharmaceutical        
  • Food and Beverages       
  • Other       

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Signaling Devices Market was valued at USD 1.8 Billion in 2020.

The global Signaling Devices Market is expected to reach USD 2.7 Billion by 2028, growing at a CAGR of 5.1% between 2021 to 2028.  

The key factor driving the global Signaling Devices Market growth is growing manufacturing industry globally and technological advancement in every sector.

North America was the leading regional market for signaling devices in 2020. It accounted for significant share of total revenue generated in 2020. This growth is mainly due to the adoption of advanced technology. In addition, U.S. was the major contributor of signaling devices revenue generated in 2020.  

Some of the major companies operating in Signaling Devices Market are Siemens AG, Honeywell International, Inc., ABB Ltd., Rockwell Automation, Inc., Eaton Corporation PLC (Cooper Industries), Emerson Electric Co., Patlite Corporation, R. Stahl AG, E2S Warning Signals, NHP Electrical Engineering Products Pty Ltd., Federal Signal Corporation  and Tomar Electronics, Inc.

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