Press release
Sirens Market Is Estimated To Reach A Value Of US$ 244.0 Million By 2032 - FMI
The sirens market is likely to secure a valuation of US$ 170.1 Million in 2022. The sirens market is estimated to reach a value of US$ 244.0 Million by 2032 with a CAGR of 3.7% by 2032.Increasing threats and accidents in developing economies have led to a rapid increase in the number of victims and a loss of potential business. Adoption of security solutions, such as sirens is an effective way of tackling these challenges. Motorized sirens are used for home security, whereas long range sirens are suitable for mining and industrial applications.
Omni-directional sirens can be used in areas of high noise levels and those with large population densities as they provide a greater area of coverage. Sirens have external controls with triggers, which can be customized according to needs. The lightening types of sirens include bulb revolving, LED flashing and xenon lamp strobe. The loud speakers in sirens are adopted from latest piezoelectric ceramic technology.
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Other sirens are hydraulic or air driven and mostly find applications in plants and factories. Lithium batteries have replaced alkaline batteries in sirens now, since lithium batteries need not be replaced for several years. Modern sirens use latest technologies and find applications in civil defense, emergency vehicles, security systems and others.
Typically, sirens are made of stainless steel, aluminum or UV stabilized polycarbonate to avoid corrosion and are equipped with protection cages. An LED flashing siren has a light source with a semi-permanent lifespan and it is used in places where bulb replacement is a problem.
Region-wise Outlook
In the global sirens market, the dominant share is held by the U.S., India, China, Japan, Australia, Germany, Singapore and the UAE. This can be attributed to the demand for security solutions in developed as well as developing economies.
The regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Market Participants
Some of the key market participants identified in the global siren market are Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products and Qlight USA Inc.
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By Segmentation
Segmentation of the global siren market by product type:
• Electronic
• Electro-mechanical
• Rotating
• Single/dual toned
• Omnidirectional
Segmentation of the global siren market by application:
• Civil defense
• Industrial signaling
• Emergency vehicles
• Home/vehicle safety
• Security/warning systems
• Military use
• Others
Segmentation of the global siren market by installation type:
• Wall mounting
• Self-standing
• Water proof connector
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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