Signalling Device Market, Growth and Forecast up, 2018-2026 by Coherent Market Insights

Signalling device generates an alarm to warn or alert something or somebody. Alarms raised by signalling devices can be either audio- or visual-based depending on the requirements, applications or surroundings of the place of installation. Signalling devices are usually connected to a control panel that triggers the signal when the need arises. Some of the signalling devices include hooters and strobe lights. Generally, signalling devices are used in combination (siren and strobe) as they produce an alarming sound along with a visual flash/signal.

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Growth of the Oil and Gas Industry is a Factor Fuelling Growth of the Signalling Device Market

The basic purpose of using signalling devices is to warn, alert, indicate, or provide information about a dangerous or hazardous situation. For instance, fire alarms are set up to warn people in the vicinity about a fire and alert them to proceed for evacuation. In most of the cases, the motive of installing a signalling device is to provide safety.

Signalling devices are essential in various sectors, such as industrial and public areas, especially in petro-chemical and oil & gas sectors as the potential for serious accidents are far higher at oil & gas plants in comparison to other industrial environments. Moreover, the sites of oil & gas plants are classified as hazardous regions as the environmental conditions are prone to explosions and toxic gas leakages. Hazardous regions are places with high concentration of flammable gases, vapours, or dust, occurring either constantly (Zones 0 and 20), under normal operating conditions (Zones 1 and 21), or unusually high (Zones 2 and 22). Products designed for hazardous locations have to meet the ever changing standards and regulations. For instance, UL 913 issued in 1971, is a US standard which classifies intrinsically safe apparatus for use in hazardous locations. The purpose of this standard is to specify limiting sources of electrical spark energy, high surface temperature, and separating distances between inflammable substances or equipment.

Signalling Device Market: Regional Insight

North America was one of the dominant markets for signalling devices in 2016, owing to high number of oil & gas plants in the region. For instance, according to 2017 statistics by the U.S. Energy Information Administration (EIA), the production of oil in the U.S. was 14.46 million barrels per day, and that of Canada was 4.87 million barrels per day, accounting to 15% and 5% of the world’s share, respectively. Growth of the oil & gas industry is one of the major driving factors for demand of signalling devices in the region.

Signalling Device Market: Competitive Landscape

Some of the key players operating in the signalling device market are R.Stahl, ABB, Bright Engineering, Federal Signal, PR Electronics, Honeywell International Inc., e2s warning signals, Hollysys Automation Technologies Ltd., Thales Group, NHP Electrical Engineering Products, Cooper Industries, Koito Manufacturing Co., L3 Communications Holdings, Inc., Auer Signalgerate, and Koninklijke Philips Electronics N.V.

Signalling Device Market: Taxonomy

By Product Type:
• Audible Signalling Devices
• Visual Signalling Devices
• Audible & Visual Signalling Devices

By Application:
• Oil & Gas
• Chemical & Pharmaceutical
• Food & Beverages
• Energy & Power
• Warehouse & Factories
• Marine
• Mining
• Others

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This release was published on openPR.