Global Signaling Devices Market (audible & visual) is expected to reach 2.45 billion by 2026 from XX billion in 2018 at CAGR of XX %. Global Signaling Devices Market can be bifurcated on the basis of product, connectivity services, and industry. On the basis of product, the market has been categorized into strobe beacons, lighting & fire alarms/call points. Connectivity service is divided into wired and wireless services. Industry segment has been further subcategorized into Oil & Gas, Chemical & Pharmaceutical, Food & Beverages, Energy & Power and Mining. The rising concerns on industrial safety measures and growth o fled lighting solutions are the major factors driving the signaling devices market. The key factors that may hamper the market growth are the wireless signaling device that acts as a source of ignition in hazardous areas, and high inspection and maintenance costs. The growing demand for low cost and high light output per watt lighting solutions is the major growth opportunity factor for this market. Geographically, the Signaling device Market has been bifurcated into five regions North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The rising population is anticipated to drive the Asia Pacific market for signaling device in the future years.
Key Players in the Signaling Devices Market:
• Siemens AG • ABB Ltd. • Tomar Electronics, Inc. • Rockwell Automation, Inc. • Emerson Electric Co. • Patlite Corporation • Eaton Corporation PLC (Cooper Industries) • R. Stahl AG • NHP Electrical Engineering Products Pty Ltd. • E2S Warning Signals • Werma Signaltechnik GmbH • Federal Signal Corporation • Potter Electric Signal Company, LLC • Honeywell International, Inc.