Signaling Devices Market - Global Analysis and Forecast by Components
This report focuses on the Signaling Devices Market in USA, UK, Europe, Asia Pacific market, especially in China, Japan, Korea, Taiwan, Southeast Asia, India and Australia
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The Signaling Devices market accounted for US$ 1520.0 million in 2016 and is expected to grow during the forecast period 2017 – 2025, to account for US$ 2675.3 million in 2025.
Technological advancements of signaling devices is the prime trend for signaling devices market. Upsurge in the urbanization, government attention on enhancing industrial safety by implying safety rules & regulations and rising demand for safety equipment are the major driver, propelling the growth of global signaling devices market. Whereas, high installation-cost and deficiency of skilled professionals are few of the factors hindering the growth of this market. Several industries such as warehouse, manufacturing, mining and marine use machinery that are dangerous to operate and can be unsafe if not handled correctly. The safety of the workers is always a priority in all industries.
Signaling device generates an alarm to warn or indicate somebody or somebody by producing an audible sound or visible alert in case of emergency or other alert applications. The devices are linked with control panel and are installed at precise locations in such a way that when needed the people can be alerted and corrective measures can be taken. With a motive to minimize the losses that occur due to natural disasters such as earthquakes, tsunamis, hurricanes, volcano eruptions and others, safety measures can be taken by using signaling devices. Signaling devices are proved to be very important in security and safety management such as earthquake warning system, mining safety system, heavy rainfall warning system, Fire alarm system & traffic signaling. Signaling device monitors the parameters and generates safety alarm during undesirable situation. These devices are designed according to the requirements for specific applications such as fire alarms are designed using fireproof material.
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Key Players of Signaling Devices Market:
Siemens AG
Rockwell Automation
Emerson Electric Co.
Honeywell International Inc
ABB Ltd.
Werma Signaltechnik
Thales Group
Cooper Industries
L3 communications Holdings, Inc.
R.STAHL Inc.
Electrical Engineering Products
Auer Signalgerate
E2S Warning Signals
Thomas & Betts
Hollysys Automation Technologies Ltd
Patlite Corporation
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Sameer Joshi
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The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results