Signaling Devices Market

Date: 2016-05

Signaling devices enhances the functional reliability of a process and is effective in optimizing the industrial processes to avert any sort of danger. Signaling devices market offers various types of devices that include visual signaling devices, audible signaling devices, control devices and others devices such as push buttons, and pilot lights. These systems are proficient of detecting the faults in the system and send warning signals to the operator to avoid accidents. These systems are used in various industries such as warehouse & factories, marine, mining, commercial and few others. IndustryARC forecast the signaling devices market to reach approximately $2.13 billion revenue in 2020 growing at a CAGR of nearly 3.3% through 2015 to 2020.
Although there are factors like increasing number of oil refineries and flourishing E- commerce industry around the globe which is driving the growth of the market; yet there are certain factors that are limiting the growth of this market. The growth of this market is constrained because of lack of laws for implementation of safety measures in various industries and also because of high installation costs of devices.
This report also analyzes the entire signaling devices market on the basis of major geographic segments that include Americas, Europe, APAC and RoW. This is subsequently followed by market segmentation based on applications, namely hazardous area, fire and industrial and wide area. Apart from this, this report also looks into whole value chain, pricing analysis and major company’s analysis of this market. This report also covers the major drivers, constraints and challenges facing by this market.
The signaling devices market has many players; however this industry is dominated by few. The key players in this market are Patlite Corporation (U.S), Siemens (Germany), NHP Electrical Products (Australia), General Electric (U.S.), Rockwell Automation (U.S.), R. STAHL Inc. (U.S.) and few others.

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