Press release
Global Signaling Devices Market Size, Share and Industry Analysis by Top Leaders ABB, Eaton Corporation PLC (Cooper Industries), Emerson Electric, Honeywell International, L-3 Communication Holding
The Signaling Devices market is expected to grow from US$ 1588.9 Mn in 2017 to US$ 2675.3 Mn by 2025 at a CAGR of 6.7% between 2017 and 2025.The Signaling Devices market report focuses on an in-depth segmentation of this market based by type, application, and end-user industry. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further bifurcated by respective countries. By end-user vertical warehouse and factories sector accounted for the largest share of the signaling devices market in 2016; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
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The leading signaling market players are ABB Ltd., Eaton Corporation PLC (Cooper Industries), Emerson Electric, Honeywell International Inc., L-3 Communication Holding, Inc., R.STAHL Inc., Rockwell Automation, Siemens AG, Thales Group and Werma Signaltechnik GmbH + Co. KG among others.
Increasing demand for highly efficient safety solutions in hazardous and harsh work areas will escalate the signaling devices market at a CAGR of 6.7%
Signaling devices market by end-user vertical is segmented into warehouse & factories, mining, commercial, marine and others (energy and construction). Almost all the application area are increasingly demanding signaling devices capabilities that improve the mobility and productivity while limiting security risks. Warehouse and factories accounts largest market share of signaling devices end-user market and is expected continue its dominance throughout the forecast period.
There has been constant development in signaling devices industry. Recently, R.STAHL introduced explosion-protected emergency luminaires with LEDs. Company's latest emergency luminaires series 6009/1, are explosion protected in dust hazardous and gas hazardous areas and which have been especially developed for LED technology.
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The report segments the global Signaling Devices market as follows:
Global Signaling Devices Market - By Type
Control Devices
Audible Devices
Visual Devices
Global Signaling Devices Market - By Application
Fire & Industrial
Hazardous Area
Wide Area
Global Signaling Devices Market - By End-user Industry
Warehouse & Factories
Mining
Commercial
Marine
Others
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