Signaling Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
A device that raises
an alarm to give warning against any potential danger is called
signaling device. Depending upon the requirement, application, and
surrounding of the place; the alarm can be visual or audible.
Signaling devices are normally connected with the control panel of
the system and installed at specific positions. They are installed in
such a way that the people present in an area are made aware of the
undesirable situation or event so that they can take corrective,
precautionary measures.
Several hazards are
present in surroundings— whether it is home, office, factory,
hospital, roads, schools and colleges, airports and train stations,
or heavy industries. Any type of hazard can turn into a potentially
dangerous event and can cause damage to property as well as life. As
far as safety and security management systems are concerned,
signaling devices play a crucial role. Signaling devices are
manufactured for continuous observation of changes in the surrounding
parameters and for raising an alarm if any undesirable change is
observed. Most common types of signaling devices are used in fire
alarm systems, mining safety systems, gas warning systems in the oil
& gas industry, heavy rainfall warning systems, and earthquake
warning systems. Signaling devices can be explosion-proof,
fire-proof, or water-proof depending upon their end-user application.
The signaling
devices market can be segmented on the basis of type and application.
Types of signaling devices are visual signaling devices, audible
signaling devices, and other control signaling devices. Beacons and
stack light are sub-segments of the visual signaling devices segment,
whereas bells, hooters, and electronic beeper or buzzer are
sub-segments of the audible signaling devices segment. Pilot or
navigation lights, stop switches, and push buttons are examples of
control signaling devices. By application, the market for signaling
devices can be divided into hazardous area signaling, fire &
industrial signaling, and wide area signaling. Based on end-user
application, the market for signaling devices can be segregated into
warehouses & factories, oil and gas platforms, mining, marine,
commercial buildings, sports, and natural hazard emergency and
warning systems.
Strict safety rules
and regulations regarding industrial work safety enforced by
governments across the world is the key driving factor for the
signaling devices market. Technological developments, smart city
concept, and urbanization are other factors fueling the market.
However, lack of awareness about the industrial work safety and
negligence about installation of warning systems can be restraints
for the signaling devices market. Cost could be one of the
restraints, especially for new or small-scale industrial setups where
safety standards are being neglected.
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Regional market for
signaling device will show higher growth, however it is largely
controlled by the end use of the signaling device. Countries such as
Japan where tsunamis and earthquakes are frequent witness higher
demand for natural hazard warning or signaling systems. Developing
economies in Asia Pacific such as China, India, Indonesia, and
Malaysia, where industrialization is fast–paced, also require
industrial signaling systems. Developed countries such as the U.S.
and the U.K. require technologically advanced signaling systems to
achieve high safety standards.
Some of the key and
potential players in the signaling devices market are Auer Signal
GmbH, Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Eaton,
Thakral Services (India) Ltd., Omron Corporation, Schneider Electric,
Thomas & Betts Corporation, Thales Group, PATLITE Corporation,
Potter Electric Signal Company LLC, Honeywell International Inc.,
HollySys Automation Technologies Ltd., Koninklijke Philips
Electronics N.V., and NHP Electrical Engineering Products.
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