Increasing demand for highly efficient safety solutions in hazardous and harsh work areas will escalate the signaling devices market at a CAGR of 6.7%Published Date: May 2017
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. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Signaling devices market by end-user vertical is segmented into warehouse & factories, mining, commercial, marine and others (energy and construction). Almost all the application area are increasingly demanding signaling devices capabilities that improve the mobility and productivity while limiting security risks. Warehouse and factories accounts largest market share of signaling devices end-user market and is expected continue its dominance throughout the forecast period.
There has been constant development in signaling devices industry. Recently, R.STAHL introduced explosion-protected emergency luminaires with LEDs. Company’s latest emergency luminaires series 6009/1, are explosion protected in dust hazardous and gas hazardous areas and which have been especially developed for LED technology.
Some of the leading signaling market players are ABB Ltd., Eaton Corporation PLC (Cooper Industries), Emerson Electric, Honeywell International Inc., L-3 Communication Holding, Inc., R.STAHL Inc., Rockwell Automation, Siemens AG, Thales Group and Werma Signaltechnik GmbH + Co. KG among others.
The report segments the global Signaling Devices market as follows:
Global Signaling Devices Market – By Type
Global Signaling Devices Market – By Application
Fire & Industrial
Global Signaling Devices Market – By End-user Industry
Warehouse & Factories
Global Signaling Devices Market – By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)
Rest of SAM