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Signaling Devices Market for Hazardous and Safe Areas, by Product, Connectivity Service, Industry, & Geography - Global Forecast to 2022

Signaling Devices Market: Global Forecast until 2022

  • January 2017
  • 158 pages
  • ID: 4616924
In this report:
The market for chemicals and pharmaceutical industry registered a shipment of ## thousand units of strobe beacons in 2015, and this market is expected to reach ##,## thousand unit by 2022, at a CAGR of ##.##% between 2016 and 2022.
The market for the oil and gas industry is expected to witness a shipment of ## thousand units for video surveillance systems by 2022, growing at a CAGR of ##.##% between 2016 and 2022.


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Increased usage of strobe beacons across diverse explosion-prone markets is fueling the rise of the signaling devices market

The overall signaling devices market was estimated at ~$1.5B in 2015 and is forecasted to reach ~$2.0B by 2022, increasing at a compound annual growth rate (CAGR) of ~4.4 percent between 2016 and 2022. Strobe beacons have been a main market for signaling devices. With the raised demand for these products in different industrial applications, more advancements are taking place and the end users are focusing more on integrating signaling devices as an effective emergency management systems in their industry premises. Strobe beacons are greatly influenced by the signaling devices market which are most widely used products by almost every market in the modern era and are posing opportunities for the industry actors to invest in these signaling device products.

The signaling devices market for the oil and gas industry applications is anticipated to grow at an important rate during the estimate period

The signaling devices market for the oil and gas sector held the biggest industry size in 2015 and is anticipated to grow at the highest compound annual growth rate (CAGR) between 2016 and 2022. Fueled by the increasing application of these signaling devices including strobe beacons, lighting products, speakers, video surveillance systems, and so on in the exploration and extraction of shale gas and oil; this industry segment is likely to retain its leading position until 2022.

RoW and North America (NA) are the main sectors for signaling devices

The RoW area consists of the Middle East area, African continent, and Latin America area is forecasted to hold the biggest share and increase rate of the signaling devices market during the outlook period.The Middle East (ME) and African continent are the main countries driving the increase of the signaling devices market in RoW.

A significant number of prominent oil and gas and mining sectors which are highly prone to explosive environments are based out of North America continent and Asia-Pacific.This is one of the main factors driving the rise of the signaling devices market in RoW.

On the other hand, North America (NA) followed the RoW market in 2015, owing to main signaling device manufacturing firms based out here, this area is forecast to grow further in the next years of the signaling devices market.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main people in the signaling devices market. The break-up of primary participants for the industry report has been shown below:

• By Company category: Tier 1 - 35 %, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite executives - 35.0 percent, Directors - 25.0 percent, and Others - 40.0 percent

• By Area: North America continent - 45.0 percent, Europe (EU) - 20.0 percent, Asia-Pac - 30.0 percent, and rest of the world - 5.0 percent

The report also profiles the top actors in the signaling devices market and analyzes their market ranking. The main players decribed in this business report are Honeywell (NYSE:HON), PATLITE Corporation, Eaton Corporation Plc, Siemens (SIA), Emerson Electric (NYSE:EMR), NHP Electric Engineering Products, Rockwell Automation (NYSE:ROK), E2S Warning Signals, ABB Ltd. (NYSE:ABB), and R.STAHL AG, among others.

Segment Research

This market research classifies the overall signaling devices market based on product, connectivity service, market, and area. The study also offers the Porter's five forces analysis, together with a description of each of its forces and their respective impact on the signaling devices market ; description of main drivers, industry restraints, opportunities, and possibilities pertaining to the market; value chain study; and industry ranking analysis.

Why Purchasing This Study Can Help You:

The analysis would benefit competitors/new sector entrants in this sector in these ways:

1. This document breaks down the signaling devices market comprehensively and offers the closest industry size estimation for all sub-segments across different areas.

2. The market research benefits partners distinguish the pulse of the sector and offers them with the info on key market drivers, market restraints, opportunities, and alternatives for industry growth.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to enhance their rank in the business sector. The competitive outlook section includes competitor landscape, recent product launches and advancements, alliances, and mergers and acquisitions.

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