Beacon Lights Market- Industry Analysis, Growth and New Market Opportunities Explored
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For purpose of in depth analysis, the beacon lights market has been segmented on the basis of types, applications and geography. Based on the type, the beacon lights market has been segmented into three types they are like LED beacon light, halogen beacon light and xenon beacon light. Various types of applications of beacon lights includes application in industrial sector, defense communication, navigation and others. Moreover, this report also provide cross functional analysis of all the above mentioned segment across different regions such as Europe, North America, Asia Pacific, Middle East and Africa and Latin America.
Switch to the IR lights and customized light beams are the two major growth drivers for the beacon lights market. Features like reaching full brightness instantly and no emission of UV rays or infrared radiation are also acting as a growth driver for the beacon lights market .Therefore, the growing awareness related to go green process by eliminating greenhouse gas emission and by reducing landfill is the main factor anticipated to catalyze the growing demand of beacon lights during the forecast period from 2017 to 2025. In addition, less energy consumption compared to the CFL light and no presence of lead or mercury is also anticipated to increase the demand of beacon lights in the upcoming years. In turn this is also projected to affect the market of beacon lights in a positive manner during the forecast period.
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In spite of many driving factors, the beacon lights market is expected to show a shrink and fluctuation in growth rate because of the usage of battery as a source of power, which creates lot of maintenance hassle. Beacons most often comes as unconfigured without having even a random ID which takes lot of time to get configured; this is acting as a restraining factor for the global beacon lights market. Usage of less energy in comparison with the halogen or incandescent light is going to create significant opportunity for beacon lights in coming years. Apart from that operation at a relatively cool temperature compared to the halogen lamps is also acting as an opportunity factor for the beacon lights market in the forecast period from 2017-2025.
By application, the defense communication segment held the largest market share because of its various application; like the provision of warning during the incursions, visibility to troops during night hours, and recognizing the location of enemy troops and its competency to patrol control room vehicle. However, the industrial sector is projected to achieve exponential growth during the forecast period.
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Geographically, the global beacon lights market is mainly driven by Asia Pacific region. APAC is the biggest exporter of goods across the different parts of globe. Most of this region’s export occurs through the seaways which require active dockyard and port facilities like the proper navigation system and lighthouses. This is expected to boost the growth of the beacon lights market in the APAC region. Dense population in the countries like India, China and Japan which needs the emergency services like ambulances and fire vehicles will also drive the beacon lights market in the APAC region.
Some of the leading players operating in the beacon lights market includes General Electric (The U.S.), Honeywell (The U.S.), Federal Signal Corporation (The U.S.), ESAFETY LIGHTS (The U.S.), NSI International (The U.S.),Schneider Electric (France), WERMA Signaltechnik (Germany) among others.
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