Dublin, Jan. 18, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Signaling Devices Market (Audible & Visual) for Hazardous and Safe Areas, by Product (Strobe Beacons, Lighting and Fire Alarms/Call Points), Connectivity Service (Wired & Wireless), Industry, & Geography - Global Forecast to 2022" report to their offering.

The global signaling devices market (audible & visual) was valued at USD 1.49 billion in 2015 and is expected to reach USD 2.03 billion by 2022, growing at a CAGR of 4.43% between 2016 and 2022.

Strobe beacons have been a major market for signaling devices. With the increased demand for these products in various 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 (audible & visual) which are most widely used products by almost every industry in the modern era and are posing opportunities for the industry players to invest in these signaling device products.

The signaling devices market (audible & visual) for the oil and gas industry held the largest market size in 2015 and is expected to grow at the highest CAGR between 2016 and 2022. Fueled by the growing application of these signaling devices such as 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 till 2022.

Market Dynamics

Drivers

• Growing Focus on Industrial Safety Measures
• Rise in Led Lighting Solutions

Restraints

• Wireless Signaling Devices Acting as A Source of Ignition in Hazardous Areas
• High Inspection and Maintenance Costs

Opportunities

• Increasing Demand for Low-Cost, High Light Output Per Watt Lighting Solutions

Challenges

• Requirement of Signaling Devices That Can Operate in Wide Area and Overcome Noise

The prominent players profiled in this report are

• ABB Ltd.
• E2S Warning Signals
• Eaton Corporation PLC (Cooper Industries)
• Emerson Electric Co.
• Federal Signal Corporation
• Honeywell International, Inc.
• NHP Electrical Engineering Products Pty Ltd.
• Patlite Corporation
• Potter Electric Signal Company, LLC
• R. Stahl AG
• Rockwell Automation, Inc.
• Siemens AG
• Tomar Electronics, Inc.
• Werma Signaltechnik GmbH

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Signaling Devices Market, By Product

8 Signaling Devices Market, By Connectivity Service

9 Signaling Devices Market, By Industry

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/gn3prc/signaling_devices

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