Signalling Device Market Size to Grow at a Steady Rate

Signalling device is a device which generate an alarm to indicate or warn something/somebody & this alarm can be audible or visible depending upon the requirement, application and surrounding of the place where it is needed. These devices are connected with control panel, installed at specific positions so that people can be aware of it & take corrective measures when needed.

Segmentation of signalling device market is done on the basis of product types, area of application, end users & geography. On the basis of product type signalling device market is segmented as visual signalling devices, Audible signal devices & other control devices. Further visual signalling device segment is sub-segmented as Beacons & Stack light. Electronics sounder buzzer hooters and bells are the sub segments of audible signalling device while fire alarm, push buttons, stop switches & pilot light are the sub-segments of control devices.

On the basis of application, the global market is broadly segmented as Hazardous area signalling, Fire and industrial signalling & wide area signalling. On the basis of end user verticals signalling device market is segmented as Warehouse & factories, Marine, Mining, Commercial & others (sporting, emergency and warning).Geographically, global signalling device market is segmented into seven region such as; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA).

North America and Asia Pacific are expected to be the dominating geographies for signalling devices market across the globe.Key players of signalling devices market are Honeywell International Inc., Hollysys Automation Technologies Ltd, Thales Group, NHP Electrical Engineering Products, Cooper Industries, Koito Manufacturing Co., L3 Communications Holdings, Inc., Auer Signalgerate, Koninklijke Philips Electronics N.V & others.

As for the last some years we have been witnessing drastically change in climate with the occurrence of natural disasters like volcanos, Tsunami, Hurricanes,Earthquakes, in order to minimize the losses from these dreadful unavoidable disasters precautionary measures can be taken by using these signalling devices. Hence the demand of these signalling devices has been increasing in global market. Signalling devices are very important aspect in safety and security management such as mining safety system, Earthquake warning system, Heavy rainfall warning system, Traffic signalling & Fire alarm system. Signalling device continuously observe the parameters and produced safety alarm when observe something undesirable. These devices are manufactured for specific applications so it has some additional features also like fire alarm is made up of fireproof material & continuously to work even in fire.

Technological development of signalling devices is the key trend for this market. Market growth is driven by various growth drivers such as increase in the urbanization, growing demand for safety equipment and government focus on improving industrial safety by safety rules and regulations. On the other hand, lack of skilled professionals and high initial cost restraints the growth of this market.

 

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Yogesh

Yogesh Sengar is an experienced digital marketing professional. He tracks the latest trends and happenings in the digital marketing landscape, also offering his opinion on their impact on businesses. He has experience in both B2C and B2B markets. His hobbies include reading books and travelling.