Global Modular Tower Lights Market to grow at a CAGR of 1.74% during 2017-2021 - Autonics, Banner Engineering, PATLITE, Schneider Electric, WERMA Signaltechnik

Modular tower lights are a part of monitoring and control products under machinery safety systems. Modular tower lights are mainly used to indicate the status of each machine or process, and thus help supervisors and workers to understand whether it is safe to continue with their work or in the case of any issue, make the required changes. Most manufacturing facilities are large, and it becomes difficult to check the readings of each machinery individually. Hence, modular tower lights can be placed and programmed to indicate the status as per the end-user's requirements. Modular tower lights also incorporate alarm systems to alert the operator in case of any changes in the process line. These are used where an audible indication is required and in places where any immediate action needs to be taken.

The global modular tower lights market to grow at a CAGR of 1.74% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global modular tower lights market for 2017-2021. To calculate the market size, the report considers the new installations, sales, and retrofit market.

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Modular Tower Lights Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- Autonics
- Banner Engineering
- PATLITE
- Schneider Electric
- WERMA Signaltechnik

Other prominent vendors
- Domo
- Edwards Signaling
- Fandis
- Federal Signal
- Mechtric Electrical & Mechanical Engineering Products
- Murrelektronik
- Qlight
- Schmersal
- Turck Banner

Market driver
- Availability of customization options for products
- For a full, detailed list, view our report

Market challenge
- Rapid changes in technology leading to higher cost of production
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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