Global Signalling Devices Market Size Was Worth USD 1.49 Billion in 2015 and Is Projected to Grow to USD 2.03 Billion by 2022

October 22, 2021, New York, USA -

Signalling Devices: Introduction

An instrument that sounds an alarm to warn against potential danger is known as a signalling device. Based on the need of the application and the surrounding of the location, the alarm could be audible or visual. The devices that signal are usually connected to the control panel and are placed at certain locations. They are placed in a manner that people within the area are informed of an undesirable circumstance or incident so that they can take corrective security steps.

The Global Signalling Devices Market Forecast: 

In 2015, The Signalling Device market was assessed to be USD 1.49 Billion, and it is anticipated to arrive at USD 2.03 Billion by 2022, registering a CAGR of 4.43% during the forecast period. The year of the base in this study is 2015, and the timeframe for the forecast that is considered is from 2016 to 2022.

The signalling gadget is an electronic device that assists in identifying defects within the system and delivering warning signs to minimize the risk of accidents. Signalling devices are utilized in many applications and have been increasing in recent times, and these devices are a crucial part of any safety-related system such as dam safety systems as well as defence warning systems and fire alarm systems. The flexibility of pricing for signalling devices has fuelled the growth of the market as the customer is able to select their products according to their needs. Signalling devices are readily available and are able to be customized to meet the needs of customers. This is increasing the need.

The increasing use of LED lighting and the growing concern for safety measures in businesses are fueling the growth of the market. This will provide opportunities for growth in the devices for signalling over the forecast timeframe of 2016-2022.

Market Trend and Dynamics of the Global Signalling Devices Market:

The market for signalling devices can be divided according to kind and purpose. The types of signalling devices include audio and visual signalling devices, as well as other controlling devices for signalling. Visual signalling devices have sub-segments such as beacons and stack, and audible signalling devices have sub-segments such as electronic beepers and buzzers. Navigation lights or pilot lights, stop switches, pilot lights, and push buttons are all examples of devices for controlling signals. Based on the application, the market for signalling equipment is divided into hazardous areas signalling, fire and industrial signalling, and broad areas are signalling. Based on the end-user's needs and the demand for signalling equipment can be classified into warehouses and factories as well as oil and gas platforms, mining, commercial buildings, marine and sports facilities, as well as natural hazard emergency warning systems.

Strict safety regulations and rules for safety at work that are enforced by the governments of the globe is the main driving force behind the global market for signalling devices. Innovations in technology, smart city concepts as well as urbanization are the other elements that are driving the market. But, a lack of understanding regarding the safety of industrial workers and inattention to the installation of warning systems may be a limitation for the market for signalling devices. Cost can be one of the main factors, particularly for smaller-scale or new industrial installations, where safety regulations are left unaddressed.

The market for signalling devices in the region will see a higher rate of growth. However, it is determined by the usage of the device. Countries like Japan, where earthquakes and tsunamis are common, will see an increased demand for natural hazard warning systems or signalling. Emerging economies in the Asia Pacific, such as China, India, Indonesia, and Malaysia, in which industrialization is quick, also require signals for industrial use. Countries that are developed like that of the U.S. and the U.K. require the most technologically advanced signalling systems that meet high-security standards.

A few of the major or potential competitors in the signalling device market include Auer Signal GmbH, Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Eaton, Thakral Services (India) Ltd., Thomas & Betts Corporation, Honeywell International Inc., PATLITE Corporation, Potter Electric Signal Company LLC, Omron Corporation, HollySys Automation Technologies Ltd., Schneider Electric, Koninklijke Philips Electronics N.V., cThales Group, and NHP Electrical Engineering Products.

The Key Market Segmentation of the Global Signalling Devices Market: 

Global Signalling Devices Market can be divided into Product Types, Connectivity Services, Industry, and Geographical landscapes, etc. 

Signalling Devices Market Segmentation By Product Type:

Strobe Beacons

Lighting

Bells and Horns

Fire Alarms/Call Points

Speakers and Tone Generators

Visual and Audible Combination Units

Video Surveillance Systems

Intercoms

Signalling Devices Market Segmentation By Connectivity Services:

Wired

Wireless

Signalling Devices Market Segmentation By Industry:

Oil and Gas

Chemical and Pharmaceutical

Food and Beverages

Energy and Power

Mining

Others (Pulp and Paper, Water and Wastewater Treatment, and Transportation)

Signalling Devices Market Segmentation By Geographical Landscape:

North America

Europe

Asia Pacific

South America

Middle East and Africa

Major Key Players in the Global Signalling Devices Market Are:           

Honeywell

Potter Electric Signal

Eaton

Tomar Electronics

Federal Signal

Siemens

Patlite

Stahl

Emerson Electric

NHP Electrical Engineering Products

E2S Warning Signals

Rockwell Automation

Werma Signaltechnik

ABB     

The Global Signalling Devices Market Report Highlights:

Aqua Rimat is looking for collaboration that can allow them to customize their technology and products to the market within India as well as Asia. Aqua Rimat is a Hi-Tech and extremely innovative company that manufactures water meters, which comprises features such as water alarm systems and also domestic water management tools and tools to prevent water damage. Numerous such companies, including BAS (Biological Alarm Systems), Dr Ten, Dr Ten, ICL Innovation are among those seeking Indian partners. Therefore, there is a wide range of signalling devices to be expected to be installed in Southeast Asia.

Auer products utilize the latest manufacturing and design methods, such as camera-controlled SMD equipment (for installing surface mounts), Ultrasonic testing robots, welding equipment, along with the latest applications for 3D modelling, mould flow analysis and stereolithography, which guarantees that Auer products are of the highest quality. Auer Signal Company has designed and manufactured top-quality audible and visual equipment for signalling and is the most experienced company in Europe.

There are around 10 satellites across the globe that are owned by various nations, which make up the Cospas-Sarsat network. In the coming years, this number is expected to increase up to around 70-80. Beacons are likely to evolve in terms of functionality. The entire idea of what beacons actually are and the functions they perform is set to alter. An all-encompassing change that parallels the switch from analogue to digital technology is predicted due to the increasing success of space technology.